← Home
🚀 Sign up Free for Company Insights & Valuation!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free
Elevance Health
-4.06%
Insurance and reinsurance / Health insurance
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Elevance Health is a healthcare technology and consulting company based in Charlotte, North Carolina. The company was founded in 2019 and is focused on creating innovative solutions to improve the overall healthcare experience for patients and providers.
Products and services
Elevance Health provides a variety of products and services related to healthcare technology and consulting. These include:
1. Electronic Health Records (EHR) and Practice Management Software: Elevance Health offers customizable EHR and practice management software solutions for healthcare providers. These systems are designed to streamline administrative tasks, improve patient care, and enhance the overall efficiency of a healthcare practice.
2. Revenue Cycle Management: The company offers revenue cycle management services to help healthcare organizations optimize their revenue and reimbursement processes. This includes services such as claims processing, insurance verification, and payment posting.
3. Healthcare Analytics: Elevance Health’s healthcare analytics solution provides insights into patient populations, healthcare trends, and financial performance. This information can help providers make more informed decisions about patient care and business operations.
4. Telehealth Services: Elevance Health provides telehealth services that enable healthcare providers to conduct virtual appointments with patients. This includes secure video conferencing, virtual waiting rooms, and digital charting.
5. Consulting Services: The company offers consulting services to healthcare organizations to help them improve their operations, increase efficiency, and enhance the patient experience. This includes guidance on implementing new technologies, optimizing workflows, and developing patient engagement strategies.
Partnerships and collaborations
Elevance Health has various partnerships and collaborations with other healthcare organizations and technology companies. Some of these include:
1. Microsoft: Elevance Health is a Microsoft Partner and uses the company’s cloud services for its healthcare technology solutions.
2. eClinicalWorks: Elevance Health is a certified reseller of eClinicalWorks’ Electronic Health Record and Practice Management software.
3. AWS: Elevance Health uses Amazon Web Services (AWS) to provide secure and reliable cloud hosting for its healthcare technology solutions.
4. MedCore Partners: Elevance Health has partnered with MedCore Partners, a real estate and healthcare development company, to help healthcare organizations optimize their financial performance.
Innovations and awards
Elevance Health has been recognized for its innovative solutions and services in the healthcare industry. Some of its achievements include:
1. 2021 Best in KLAS for Ambulatory RCM Services: Elevance Health received the Best in KLAS award for Ambulatory Revenue Cycle Management Services in 2021.
2. 2020 Charlotte Top Tech Company Award: The company was recognized as one of the top tech companies in Charlotte, North Carolina by the Charlotte Business Journal in 2020.
3. Innovation in Technology Award: Elevance Health received the Innovation in Technology Award at the 2019 Excellence in Healthcare Awards presented by the North Carolina Healthcare Information and Communications Alliance (NCHICA).
4. 2019 Most Disruptive Start-up Award: The company was named the Most Disruptive Start-up at the NC Tech Awards in 2019.
Overall, Elevance Health is dedicated to using innovation and technology to transform the healthcare industry and improve the overall patient experience.
Products and services
Elevance Health provides a variety of products and services related to healthcare technology and consulting. These include:
1. Electronic Health Records (EHR) and Practice Management Software: Elevance Health offers customizable EHR and practice management software solutions for healthcare providers. These systems are designed to streamline administrative tasks, improve patient care, and enhance the overall efficiency of a healthcare practice.
2. Revenue Cycle Management: The company offers revenue cycle management services to help healthcare organizations optimize their revenue and reimbursement processes. This includes services such as claims processing, insurance verification, and payment posting.
3. Healthcare Analytics: Elevance Health’s healthcare analytics solution provides insights into patient populations, healthcare trends, and financial performance. This information can help providers make more informed decisions about patient care and business operations.
4. Telehealth Services: Elevance Health provides telehealth services that enable healthcare providers to conduct virtual appointments with patients. This includes secure video conferencing, virtual waiting rooms, and digital charting.
5. Consulting Services: The company offers consulting services to healthcare organizations to help them improve their operations, increase efficiency, and enhance the patient experience. This includes guidance on implementing new technologies, optimizing workflows, and developing patient engagement strategies.
Partnerships and collaborations
Elevance Health has various partnerships and collaborations with other healthcare organizations and technology companies. Some of these include:
1. Microsoft: Elevance Health is a Microsoft Partner and uses the company’s cloud services for its healthcare technology solutions.
2. eClinicalWorks: Elevance Health is a certified reseller of eClinicalWorks’ Electronic Health Record and Practice Management software.
3. AWS: Elevance Health uses Amazon Web Services (AWS) to provide secure and reliable cloud hosting for its healthcare technology solutions.
4. MedCore Partners: Elevance Health has partnered with MedCore Partners, a real estate and healthcare development company, to help healthcare organizations optimize their financial performance.
Innovations and awards
Elevance Health has been recognized for its innovative solutions and services in the healthcare industry. Some of its achievements include:
1. 2021 Best in KLAS for Ambulatory RCM Services: Elevance Health received the Best in KLAS award for Ambulatory Revenue Cycle Management Services in 2021.
2. 2020 Charlotte Top Tech Company Award: The company was recognized as one of the top tech companies in Charlotte, North Carolina by the Charlotte Business Journal in 2020.
3. Innovation in Technology Award: Elevance Health received the Innovation in Technology Award at the 2019 Excellence in Healthcare Awards presented by the North Carolina Healthcare Information and Communications Alliance (NCHICA).
4. 2019 Most Disruptive Start-up Award: The company was named the Most Disruptive Start-up at the NC Tech Awards in 2019.
Overall, Elevance Health is dedicated to using innovation and technology to transform the healthcare industry and improve the overall patient experience.
What is special about the company?
1. Focus on value-based care: Elevance Health is a leader in value-based care, which focuses on providing high-quality care at lower costs. This approach aligns with the current trend in the healthcare industry towards value-based reimbursement, where providers are incentivized to improve the health outcomes of their patients.
2. Data-driven analytics: The company utilizes advanced data analytics and technology to measure and track patient outcomes, identify care gaps, and improve the overall quality of care. This allows them to make data-driven decisions, optimize resource utilization, and reduce unnecessary costs.
3. Comprehensive care coordination: Elevance Health provides comprehensive care coordination services for patients, which includes coordinating specialist appointments, managing medications, and ensuring follow-up care, among other services. This helps to improve patient outcomes and reduce hospital readmissions.
4. Collaborative partnerships: Elevance Health works closely with healthcare providers, insurance companies, and employers to develop customized solutions that meet the needs of their clients. This collaborative approach ensures that all stakeholders are aligned and working towards the common goal of improving patient outcomes.
5. Expertise in managing high-risk populations: Elevance Health has extensive experience in managing high-risk and complex patient populations, such as those with chronic conditions or multiple comorbidities. They have developed specialized programs and protocols to address the unique needs of these patients.
6. Patient-centric approach: The company puts the needs and preferences of patients at the center of all their services. Their focus on patient engagement and empowerment helps to improve patient satisfaction and adherence to treatment plans.
7. Proven results: Elevance Health has a track record of delivering tangible results for their clients, including reductions in healthcare costs, improved patient outcomes, and increased provider satisfaction. Their approach has been validated through numerous case studies and client testimonials.
2. Data-driven analytics: The company utilizes advanced data analytics and technology to measure and track patient outcomes, identify care gaps, and improve the overall quality of care. This allows them to make data-driven decisions, optimize resource utilization, and reduce unnecessary costs.
3. Comprehensive care coordination: Elevance Health provides comprehensive care coordination services for patients, which includes coordinating specialist appointments, managing medications, and ensuring follow-up care, among other services. This helps to improve patient outcomes and reduce hospital readmissions.
4. Collaborative partnerships: Elevance Health works closely with healthcare providers, insurance companies, and employers to develop customized solutions that meet the needs of their clients. This collaborative approach ensures that all stakeholders are aligned and working towards the common goal of improving patient outcomes.
5. Expertise in managing high-risk populations: Elevance Health has extensive experience in managing high-risk and complex patient populations, such as those with chronic conditions or multiple comorbidities. They have developed specialized programs and protocols to address the unique needs of these patients.
6. Patient-centric approach: The company puts the needs and preferences of patients at the center of all their services. Their focus on patient engagement and empowerment helps to improve patient satisfaction and adherence to treatment plans.
7. Proven results: Elevance Health has a track record of delivering tangible results for their clients, including reductions in healthcare costs, improved patient outcomes, and increased provider satisfaction. Their approach has been validated through numerous case studies and client testimonials.
What the company's business model?
Elevance Health is a healthcare technology company that offers a variety of innovative solutions to improve patient care and drive efficiency in the healthcare industry. Their business model is centered around providing digital health platforms and services to healthcare providers, insurance companies, and employers.
The company's main source of revenue comes from subscription fees for their software platforms, which include electronic health records (EHR), telehealth, and population health management tools. They also generate revenue from consulting and professional services, such as implementation, training, and support for their technology solutions.
Elevance Health's business model is focused on leveraging technology to improve clinical workflows, increase patient engagement, and reduce costs for healthcare organizations. They also partner with healthcare providers and employers to create customized solutions that meet their specific needs and improve overall health outcomes for patients.
In addition, the company has a data analytics platform that helps providers and payers understand and use data to make informed decisions and improve patient outcomes. This data-driven approach enables Elevance Health to continuously improve their products and services and stay ahead of industry trends.
Overall, Elevance Health's business model revolves around providing cutting-edge technology and data-driven solutions to help improve healthcare delivery and outcomes for all stakeholders involved.
The company's main source of revenue comes from subscription fees for their software platforms, which include electronic health records (EHR), telehealth, and population health management tools. They also generate revenue from consulting and professional services, such as implementation, training, and support for their technology solutions.
Elevance Health's business model is focused on leveraging technology to improve clinical workflows, increase patient engagement, and reduce costs for healthcare organizations. They also partner with healthcare providers and employers to create customized solutions that meet their specific needs and improve overall health outcomes for patients.
In addition, the company has a data analytics platform that helps providers and payers understand and use data to make informed decisions and improve patient outcomes. This data-driven approach enables Elevance Health to continuously improve their products and services and stay ahead of industry trends.
Overall, Elevance Health's business model revolves around providing cutting-edge technology and data-driven solutions to help improve healthcare delivery and outcomes for all stakeholders involved.
Interesting facts about the company
1. Elevance Health was founded in 2015 and is headquartered in Denver, Colorado.
2. The company offers a comprehensive integrated healthcare solution, including health plan administration, population health management, and healthcare provider services.
3. Elevance Health is a privately-held company and is not publicly traded.
4. The company is the result of a joint venture between two healthcare industry titans, New Century Health and Touchstone Health.
5. In 2016, the company received a significant investment from Clayton, Dubilier & Rice, a leading private equity firm.
6. Elevance Health has a network of over 36,000 healthcare providers, serving over 1.5 million patients across the United States.
7. The company leverages advanced data analytics and technology to help healthcare providers deliver high-quality, cost-effective care to patients.
8. Elevance Health was named one of the top 50 most innovative companies by the Colorado Technology Association in 2017.
9. In 2018, the company was recognized as a top 10 healthcare IT solution provider by Healthcare Tech Outlook magazine.
10. Elevance Health is committed to improving healthcare outcomes and reducing costs through its innovative solutions and partnerships with healthcare providers and plans.
See Company Due Diligence:
2. The company offers a comprehensive integrated healthcare solution, including health plan administration, population health management, and healthcare provider services.
3. Elevance Health is a privately-held company and is not publicly traded.
4. The company is the result of a joint venture between two healthcare industry titans, New Century Health and Touchstone Health.
5. In 2016, the company received a significant investment from Clayton, Dubilier & Rice, a leading private equity firm.
6. Elevance Health has a network of over 36,000 healthcare providers, serving over 1.5 million patients across the United States.
7. The company leverages advanced data analytics and technology to help healthcare providers deliver high-quality, cost-effective care to patients.
8. Elevance Health was named one of the top 50 most innovative companies by the Colorado Technology Association in 2017.
9. In 2018, the company was recognized as a top 10 healthcare IT solution provider by Healthcare Tech Outlook magazine.
10. Elevance Health is committed to improving healthcare outcomes and reducing costs through its innovative solutions and partnerships with healthcare providers and plans.
See Company Due Diligence:
Wait! There's more — sign up for free or log in