The ongoing need for behavioral health services will be no surprise to anyone involved in the industry. Patients continue to have high rates of need and often present with greater acuity. This demand for behavioral health services was reflected across payers’ Q3 earnings calls. The result? Sky-high utilization levels. For example, David Cordani, the CEO […]
Payers don’t lose. That’s been true in the health care space for, pretty much, forever. But I’m tracking a handful of developments that kick at discrete moments of accountability for health plans. The health insurance industry is a land of leviathans. Today, there are four, maybe five, companies that truly matter in the grand scheme. […]
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 […]
Behavioral health is at the heart of Elevance’s (NYSE:ELV) plans to increase its at-risk offerings. Specifically, Elevance plans to focus on rolling out its Medicaid behavioral health offering focused on serious mental illness care. “We have new offerings that are whole health full-risk opportunities, like assuming full-risk in oncology, as well as in Medicaid with […]
For many women, an OB-GYN clinician is the physician they see most often. Women often visit their OB-GYN during vulnerable periods of life, including adolescence, pregnancy, postpartum and the menopausal transition, which can trigger bouts of depression or anxiety. The integration of behavioral health and women’s health care has become more common as OB-GYNs encounter […]
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 […]
Carelon, the health care services arm of Elevance Health (NYSE: ELV), has opened its first brick-and-mortar clinic. At an organizational-level, the opening reflects Carelon’s commitment to boosting access to behavioral health services while advancing whole-person health, according to Glenn MacFarlane, who serves as president and CEO of Carelon Behavioral Health, formerly known as Beacon Health […]
Beacon Health Options is furthering its connection with parent company Elevance Health (NYSE: ELV) by rebranding to Carelon Behavioral Health. Carelon is the name of Elevance’s health service division. This comes roughly three years after Elevance Health, previously Anthem, purchased behavioral health operator Beacon. “The new healthcare services brand Carelon consolidates the company’s existing broad […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
