1. Elevance Health is focusing its attention on markets with the most disruption during Medicare Advantage open enrollment, CFO Mark Kaye told investors. Elevance eliminated broker commissions for new enrollments in some markets beginning Nov. 1.
2. Elevance president and CEO Gail Boudreaux was one of four leaders from U.S.-based healthcare organizations featured in Fortune’s “100 Most Powerful People in Business” list.
3. Elevance had the second-highest profit among the nation’s largest payers in the third-quarter of 2024.
4. Elevance reported a medical benefit ratio of 89.5% in the third quarter of 2024.
5. Elevance named Nathan Rich as vice president of investor relations.
6. Elevance is one of several payers challenging CMS’ 2025 Medicare Advantage star ratings.
7. Elevance Health is laying off 123 employees in Southern California.
8. Elevance Health’s health services arm, Carelon, intends to purchase Nashville-based CareBridge, a value-based home and community-based care provider for patients with chronic and complex needs.
9. Elevance Health posted $1 billion in net income during the third quarter, a 21% decrease compared to the same period last year.
10. Elevance Health sold Miami-based Pasteur Medical Centers and Wellmax Medical Centers to Las Mercedes Medical Centers, which is also headquartered in Miami.
