Home Health Care News July 17, 2024
Elevance Health Inc. (NYSE: ELV) has raised red flags surrounding its Medicaid business this year, while also signaling its commitment to home-based care ventures.
On its second-quarter earnings call, company leaders touted Carelon, Elevance’s health care services division.
“In our health services businesses, we are making progress on our key strategic priority to scale our enterprise flywheel for growth,” Elevance CEO Gail Boudreaux said on the earnings call. “Carelon Services delivered robust growth in operating revenue and earnings in the quarter as we gained traction with external clients both through new business wins and the expansion of risk-based services to existing customers.”
Elevance’s Medicaid woes are derived from the “attrition” of healthier members, according to the company, which has led...
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