Elevance Health’s recent developments include a delay in a major acquisition due to concerns about trade secrets, recognition as a top workplace by Newsweek, and a pharmacy cost-saving program launch. Additionally, a federal judge allowed a former executive to join rival Molina Healthcare. Elevance Health’s program for isolated Medicare Advantage members showed promising results. Mike Murphy, CEO of Anthem BCBS of Nevada, an Elevance Health subsidiary, discussed the growing complexity of provider relationships during his 16-year tenure.
Elevance Health has put a significant acquisition on hold, citing concerns that one of its former executives may expose sensitive trade secrets to competitor Molina Healthcare. Here are seven important updates from Elevance Health, as reported by Becker’s since September 13:
1. Elevance Health Earns Recognition Among America’s Greatest Workplaces for Parents and Families by Newsweek in 2023.
2. Adena Regional Medical Center Plans to Terminate Its Contract with Anthem BCBS’ Medicare Advantage and Managed Medicaid Plans in Ohio, Effective November 2.
3. The $2.5 Billion Sale of Blue Cross and Blue Shield of Louisiana to Elevance Health Faces Temporary Delay. State lawmakers and the Louisiana attorney general have called for more clarity before proceeding.
4. Elevance Health’s Pharmacy Benefit Manager, CarelonRx, Launches an Innovative Integrated Cost Savings Program, Automatically Offering Members the Lowest Prices for Generic Prescription Drugs at Their Preferred Pharmacies.
5. A Federal Judge Rules That Elevance Health Cannot Prevent a Former Executive from Joining Molina Healthcare. Vinod Mohan is cleared to begin work as Senior Vice President of Medicare at Molina, a direct competitor to Elevance in multiple markets.
6. Elevance Health’s Program Aimed at Supporting Socially Isolated Medicare Advantage Members Shows Positive Results, Including Improvements in Loneliness and Depression, According to the Elevance Health Public Policy Institute.
7. Mike Murphy, Anthem BCBS of Nevada’s Longest-Serving CEO and an Elevance Health Subsidiary Reflects on His 16-Year Tenure, Noting That Provider Relationships Have Grown More Complex, Rather Than Deteriorated.
These recent updates provide insight into Elevance Health’s evolving landscape and its role in the healthcare industry.
