Behavioral Health Business January 24, 2024
Laura Lovett

Behavioral health is at the heart of Elevance’s (NYSE:ELV) plans to increase its at-risk offerings.

Specifically, Elevance plans to focus on rolling out its Medicaid behavioral health offering focused on serious mental illness care.

“We have new offerings that are whole health full-risk opportunities, like assuming full-risk in oncology, as well as in Medicaid with behavioral health with the seriously mentally ill population,” Gail Boudreaux, president and CEO of Elevance, said during the company’s Q4 earnings call. “So, these are significant initiatives that are really propelling the trajectory of our business.”

Elevance has been interested in the behavioral health space for some time. In 2020, its health service division Carelon purchased behavioral health operator Beacon Health Options. It has since...

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