Elevance said it plans make its investment at two locations: its headquarters at 220 Virginia Avenue and another site at 4740 Victory Lane on the southeast side.
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IU Health Plans offers Medicare Advantage plans in 36 counties serving 19,000 members as well as fully insured commercial plans for 12,000 more people.
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Paragon Healthcare Inc., based in suburban Dallas, serves more than 35,000 patients with a broad range of acute and chronic conditions at more than 40 ambulatory infusion centers across eight southern and western states, as well as in patients’ homes.
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Company shares tumbled 5% at the start of trading Wednesday after Elevance also announced an updated 2023 forecast that fell short of Wall Street expectations.
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At stake are billions of dollars in bonuses that the Centers for Medicare and Medicaid Services awards to insurers that achieve a certain start rating on their Medicare Advantage scores.
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
The Indianapolis-based health insurance giant posted solid second-quarter results, but emerging pressure in Medicaid appeared to spook investors.
Kroger said the specialty pharmacy business is separate from its in-store retail pharmacies and The Little Clinics, which are not included in the proposed sale.
Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.
Cummins, Rolls-Royce, Eli Lilly and Co., AES and Elevance Health are among the city’s largest downtown employers and all say most of their workers have the option of working at home at least part of the time.
The two companies said the combination builds on a seven-year collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.
The Indianapolis-based Blue Cross-Blue Shield insurer said Wednesday that enrollment in Medicaid, a state and federally funded program for people with low incomes, climbed nearly 9% in the quarter, to 11.3 million.
In a ruling announced this week, Judge Andrew Carter of the U.S. District Court for the Southern District of New York said Elevance failed to show the lawsuit should be dismissed for lack of materiality.
Investors were disappointed even as Elevance Health Inc. increased its full-year profit outlook and beat analysts’ projections for second-quarter earnings.
Anthem chief executive Gail Boudreaux is among several female business leaders who say their background in sports has been a benefit in corporate leadership.
The Indianapolis-based insurance giant said the new name will better reflect its mission of “elevating whole health and advancing health beyond health care.”
Medical enrollment at Anthem reached 46.8 million members as of March 31, an increase of 3.3 million, or 7.5 percent, from the prior year.
Indianapolis-based health insurer Anthem Inc. is suing a former executive, claiming he stole trade secrets, went to work for a direct competitor, and breached a contract involving restricted stock agreements.
The U.S. Department of Justice said Thursday that the proposed deal for Change Healthcare would hurt competition and give UnitedHealth Group—which is a competitor to Indianapolis-based Anthem Inc.—access to sensitive claims information from competitors.
The health insurer’s profit dropped as patients who hunkered down last year at the start of the COVID-19 pandemic started seeking care again, but growing enrollment in government-funded programs such as Medicaid and Medicare Advantage helped balance the jump in care use.
Enrollment in Medicaid plans that Anthem manages jumped 20%, to about 9.2 million people, compared with the same three months last year. That helped counter a drop in its more profitable commercial coverage, which includes employer-sponsored insurance.
The Anthem Foundation and LISC Indianapolis on Tuesday announced a major initiative to provide more equitable food access, starting with one Indianapolis neighborhood.
The bill pitted the two largest companies headquartered in Indianapolis—drugmaker Eli Lilly and Co. and health insurer Anthem Inc.—on opposite sides of the issue.
More than 250 workers in Anthem’s benefits administration and commercial claims and adjustments divisions won their claims after an investigator ruled in their favor.
