Elevance Health to acquire CareBridge Elevance Health (NYSE: ELV) is emerging as another “payvider.” It announced last month that it has agreed to acquire the home-based care company CareBridge. The deal is reportedly worth $2.7 billion. CareBridge is a value-based solutions platform for home- and community-based services. After its founding in 2019, the company raised […]
Elevance Health
Elevance Health Inc. (NYSE: ELV) has raised red flags surrounding its Medicaid business this year, while also signaling its commitment to home-based care ventures. On its second-quarter earnings call, company leaders touted Carelon, Elevance’s health care services division. “In our health services businesses, we are making progress on our key strategic priority to scale our […]
Elevance Health (NYSE: ELV) continues to point to its provider capabilities – which include home-based care services – as a strategic priority. The company has partnered with the private equity firm Clayton, Dubilier & Rice (CD&R) on a primary care initiative that will bring together Carelon Health – Elevance Health’s provider arm – and apree […]
Elevance Health Inc. (NYSE: ELV) is going all-in on Carelon Services — the company’s provider services arm — as a future growth driver. “Carelon has, and will continue to add, attractive capabilities that we can scale rapidly and sustainably over the long term,” Elevance CEO Gail Boudreaux said during the company’s fourth quarter earnings call […]
Elevance Health to acquire infusion provider Paragon Healthcare Elevance Health (NYSE: ELV) announced that it has plans to acquire the infusions services company Paragon Healthcare. The acquisition opens up the opportunity for Elevance members to receive more in-home care. “The acquisition of Paragon Healthcare will deepen our capabilities around providing affordable, convenient access to specialty […]
Insurance companies selling Medicare Advantage (MA) plans have been facing increased scrutiny from members of Congress and regulators, with critics of the private version of Medicare claiming carriers are profiting far too much. In light of those sentiments and expected constraints, some believed MA plans could begin trimming their supplemental-benefits packages, which could lead to […]
Geoff Abraskin promoted to hospice president at Amedisys Geoff Abraskin has been named the new president of the hospice division at Amedisys (Nasdaq: AMED). He has been with the company for nearly 15 years. “Geoffrey Abraskin has been promoted to President of the Hospice Division!” Amedisys wrote in a LinkedIn post last week. “Geoff is […]
Elevance Health Inc. (NYSE: ELV) plans to go big on post-acute care models and value-based care. Those were two main takeaways from the Indianapolis-based company’s second quarter earnings call Wednesday. Elevance CEO Gail Boudreaux noted that Carelon Services — the company’s provider services arm — delivered solid organic growth led by the expansion of post-acute […]
Home-based care providers — both big and small — are struggling at the negotiating table with Medicare Advantage (MA) plans. But they’re also struggling in negotiations with managed Medicaid plans. While MA plans and managed Medicaid plans operate a bit differently, providers are having similar issues with both. Proving value to health plan leaders is […]
For Elevance Health Inc. (NYSE: ELV), the focuses remain clear: Medicare Advantage (MA) member growth and value-based care growth. To achieve both of those, the company is likely to leverage home-based care. Elevance’s myNEXUS – a post-acute care convener – remains one of the company’s emerging assets within the Carelon health care services platform, Carelon […]
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