Wednesday, 11 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • VIDEO
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Health and Wellness > Elevance Health Overcomes Rising Costs, Reports $2 Billion Profit
Health and Wellness

Elevance Health Overcomes Rising Costs, Reports $2 Billion Profit

Last updated: April 22, 2025 4:18 am
Share
Elevance Health Overcomes Rising Costs, Reports  Billion Profit
SHARE

Elevance Health, a leading provider of health plans and healthcare services, recently announced impressive financial results for the first quarter of 2025. Despite facing rising costs in its health plans, the company reported a net income of over $2 billion, showcasing significant growth in its health plans and Carelon health services business.

The company, known for operating Anthem brand Blue Cross and Blue Shield plans in 14 states and offering a range of government-subsidized benefits, experienced a slight decrease in net income compared to the previous year. However, Elevance’s earnings were in line with expectations and reflected the company’s projected outlook for the year.

One of the key factors contributing to Elevance’s success in the first quarter was a 15% increase in operating revenue, reaching $48.8 billion. This growth was driven by higher premium yields in the health benefits segment, recent acquisitions, expansion in Medicare Advantage and individual membership, and revenue from CarelonRx products. Despite some membership attrition in the Medicaid business, the company saw a significant rise in total medical membership to 45.8 million.

President and CEO Gail K. Boudreaux emphasized Elevance’s commitment to reimagining the healthcare experience by providing personalized support, digital solutions, and a whole-health model to improve outcomes and reduce costs. The company’s Carelon business, which includes medical care providers and pharmacy benefit management services, reported a substantial 38% increase in operating revenue to $16.7 billion in the first quarter, driven by recent acquisitions and growth in product revenue.

Overall, Elevance Health’s strong financial performance in the first quarter of 2025 demonstrates its continued focus on delivering high-quality health plans and healthcare services to its members. With a strategic vision to be a trusted health partner and elevate health beyond healthcare, the company is well-positioned for future growth and success in the evolving healthcare landscape.

See also  This AI Model Could Make It Faster To Find New Medicines
TAGGED:billionCostsElevanceHealthOvercomesprofitReportsRising
Share This Article
Twitter Email Copy Link Print
Previous Article Pete Hegseth may be replaced; Pope Francis’ legacy : NPR Pete Hegseth may be replaced; Pope Francis’ legacy : NPR
Next Article Get a  Digital Costco Shop Card when you get a 1-Year Gold Star Membership Get a $20 Digital Costco Shop Card when you get a 1-Year Gold Star Membership
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Chinese stocks hit highest level this year

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite…

March 14, 2025

America’s ‘Beef Deal’ With U.K. Frightens British Shoppers

Officials in Britain are expressing concerns about the potential influx of contaminated beef from the…

May 15, 2025

Novak Djokovic sends word of caution to Carlos Alcaraz over ‘thinking about history’

Novak Djokovic, the legendary tennis player, recently shared his thoughts on the rising star Carlos…

January 19, 2025

Oprah Winfrey Surprises Gayle King For Her Birthday at NYC Restaurant

Oprah Winfrey and Gayle King recently celebrated Gayle's 70th birthday in style in New York…

December 14, 2024

Connor McDavid’s wife Lauren drops 2-word reaction as Oilers punch Stanley Cup Final tickets after Game 5 win over Stars

The Edmonton Oilers, led by Connor McDavid, have secured their spot in the Stanley Cup…

May 29, 2025

You Might Also Like

RFK Jr. needs Congress to help create new MAHA agency
Health and Wellness

RFK Jr. needs Congress to help create new MAHA agency

June 11, 2025
A Better Way Of Managing Chronic Pain—Courtesy Of Pavlov
Health and Wellness

A Better Way Of Managing Chronic Pain—Courtesy Of Pavlov

June 10, 2025
Vijay Pande, founding partner of a16z bio and health strategy, steps down
Tech and Science

Vijay Pande, founding partner of a16z bio and health strategy, steps down

June 10, 2025
Q&A with ousted CDC vaccine adviser Helen Chu
Health and Wellness

Q&A with ousted CDC vaccine adviser Helen Chu

June 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?