Elevance Health is divesting parts of its business and acquiring new subsidiaries.
Here are nine updates about Elevance Health and its Anthem Blue Cross Blue Shield subsidiaries that Becker's has reported since February 22:
1. Elevance Health CEO Gail Boudreaux received $20.9 million in total compensation in 2022. Here are the company's top paid employees.
2. Anthem BCBS Ohio and the Christ Hospital in Cincinnati reached a new contract agreement one day before the two sides were set to go out of network.
3. The Standard, a disability and life insurance provider, will acquire Elevance Health's disability, accidental death and dismemberment, absence management and paid family leave business.
4. The key to navigating Medicaid redeterminations is making sure enrollees are aware of what is happening, and if they lose coverage, guiding them on the path to securing new healthcare coverage, Elevance Health leaders wrote in Becker's.
5. The building housing Anthem BCBS Connecticut's headquarters will be up for auction in April. Anthem occupies around 48,000 square feet in the 280,000-square-foot building in Wallingford, Conn.
6. Elevance Health's 11-member board of directors includes a wide range of former executives from the healthcare industry and beyond, and current leaders of finance and technology companies. Here are the directors of the Indianapolis-based insurer.
7. People with long COVID-19 are at higher risk for a number of adverse cardiovascular and pulmonary events, a study from Elevance Health found.
8. Elevance Health agreed to pay $2.5 billion for Blue Cross and Blue Shield of Louisiana, its first BCBS acquisition in over 15 years. Additional conditions could raise the value of the transaction by $1 million.
9. Anthem BCBS Virginia avoided going out of network with Fredericksburg-based Mary Washington Healthcare as the sides were able to reach a new contract ahead of the March 1 split date.