Elevance Health Boosts Behavioral Health Biz with $740M State Contracts

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 Key to Elevance’s At-Risk Strategy

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 […]

Driven by ‘Urgent Need’ Payers, Providers Take Action to Integrate Behavioral Health Into Women’s Health Care

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 […]

Elevance Health Implements Peer Support to Prevent Neonatal Abstinence Syndrome

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 Plans to ‘Take Full Risk’ By Tackling Serious Mental Illnesses

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 […]

Carelon Behavioral Health Lands ‘Multiple External Business Wins’

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 […]

‘A New Choice’: Carelon Opens First Brick-and-Mortar Clinic to Boost Behavioral Health Access, Address Whole-Person Health

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 […]

Elevance Health’s Beacon Health Options Rebrands to Carelon Behavioral Health, to Consolidate Payer’s Portfolio of Services

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 […]

Elevance Health Stresses the Importance of Integrated Physical, Behavioral and Social Care During Q3 Earnings

Elevance Health (NYSE:ELV), formerly Anthem, is leaning into analytics and care navigation services to help patients manage their behavioral, social and medical conditions. “Our clinical advocates help members navigate the healthcare system, leveraging real-time data analytics to identify health risks that enable our advocates to personally connect with members and help them proactively manage the […]

Here’s How Elevance Health’s CEO Sees the New 988 Crisis Line

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 […]