Becker's Healthcare April 18, 2024
Rylee Wilson

Elevance Health hopes to bring more providers into downside risk-sharing arrangements with a new primary care venture.

On an April 18 call with investors, Elevance Health executives touted a new joint venture with private-equity firm Clayton, Dubilier and Rice.

“In time, Elevance Health will have full ownership of what we expect will be a leading platform for value-based care delivery and physician enablement at scale,” CEO Gail Boudreaux said April 18.

Here are five things to know about the venture:

1. Elevance expects its new primary care company to bring in $4 billion in revenue annually, CFO Mark Kaye told investors.

2. The primary care effort is payer agnostic and will serve 1 million members....

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Topics: Insurance, Mergers & Acquisitions / JV, Payer, Primary care, Provider, Trends
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