The company formerly known as Anthem commemorated its official rebranding to Elevance Health on June 28 by ringing the opening bell at the New York Stock Exchange and beginning to trade under the new ticker symbol "ELV."
The former Anthem website now reflects the name change, which is a combination of the words elevate and advance to represent the company's commitment to "elevating the importance of whole health and advancing health beyond healthcare for consumers."
When it first announced the rebrand in March, the payer said Blue Cross Blue Shield health plan names would not change, though it planned to narrow the number of brands under its umbrella. The company owns BCBS plans in 14 states.
On June 15, the company launched two new subsidiaries under the Elevance name: Carelon and Wellpoint. Carelon, a healthcare services brand, will consolidate the company's existing portfolio of capabilities and services businesses under a single name. The Wellpoint health plan brand will unify the company's Medicare, Medicaid and commercial health plans in select markets.