Elevance Health Inc. (NYSE: ELV) is placing a “large focus” on its behavioral health business, inking two massive state contracts worth up to $740 million in Q1 of 2024. Carelon, Elevance’s health care services arm, is off to a “strong start” this year, buoyed by major behavioral health contracts with the states of Maryland and […]
Carelon
Katherine Truesdell started using meth and alcohol when she was in middle school. As an adult, she hit “rock bottom” when child protective services got involved with her children, pushing her towards sobriety. Now, Truesdell is in long-term recovery and works as a peer specialist in Elevance Health’s (NYSE: ELV) Empower program. The program, launched […]
Elevance Health Inc.’s (NYSE: ELV) health care services arm, Carelon, experienced a boost in operating gain in 2023 thanks to the company’s behavioral health business, among other factors. Carelon’s operating gain increased by $9 million from the second to third quarter of 2023, according to Elevance’s third-quarter earnings call. The insurer also announced plans to […]
Behavioral health has played an integral role in boosting Elevance Health Inc.’s (NYSE: ELV) effort to provide health care services. Elevance’s health care services entity, Carelon, grew revenue by 18% and operating income by 6.8%. The organization Carelon Behavioral Health is in charge of its behavioral health services. “Carelon Behavioral Health extended its leadership position […]
The new suicide hotline number 988 could be transformative in shaping mental health access in the future. Elevance Health Inc.’s CEO highlighted the potential impact of the new 988 Suicide & Crisis Lifeline on the behavioral health industry. Launched July 16, all texts and calls sent to the 988 dial code will be routed to […]
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