Elevance Health has paused a major acquisition and alleged one of its former executives could expose trade secrets to rival Molina Healthcare.
Here are seven Elevance Health updates Becker's has reported since Sept. 13.
- Elevance Health was one of 11 payers named among Newsweek's 2023 America's Greatest Workplaces for Parents and Families.
- Adena Regional Medical Center is terminating its contract with Anthem BCBS' Medicare Advantage and managed Medicaid plans in Ohio, effective Nov. 2.
- Blue Cross and Blue Shield of Louisiana's sale to Elevance Health for $2.5 billion is temporarily on hold. In recent months, state lawmakers and the Louisiana attorney general had called for a delay and made clear they did not want the sale to go forward until more questions have been answered.
- Elevance Health's pharmacy benefit manager, CarelonRx, is launching a new integrated cost savings program to automatically offer members the lowest price for generic prescription drugs while at their preferred pharmacy.
- Elevance Health cannot prevent a former executive from beginning work at Molina Healthcare, a federal judge ruled. In a ruling issued Sept. 15, a judge in the Southern District of Indiana court rejected Elevance Health's request for a temporary restraining order that would prevent Vinod Mohan from beginning her work as senior vice president of Medicare at Molina, which directly competes with Elevance in several markets.
- A program designed to support socially isolated Medicare Advantage members helped improve feelings of loneliness and depression, according to a report from the Elevance Health Public Policy Institute.
- Mike Murphy, one of the longest-serving Blue Cross Blue Shield CEOs, told Becker's relationships with providers have not worsened over his 16 years at the helm of Anthem BCBS Nevada — they've just grown more complicated. Mr. Murphy has led Anthem BCBS of Nevada, an Elevance Health subsidiary, since 2006.