Elevance Health Inc.
ELV.US | Life insurance
Elevance Health Inc., formerly known as Anthem, Inc., is a health benefits company in the United States. It operates through various segments, including Commercial & Specialty Business, Government Business, and IngenioRx. The Commercial & Specialty Business segment offers a range of managed care and...Show More
Better Health for All
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Elevance Health's core business as a health benefits company delivers exceptional health benefits, with no revenue derived from products or activities with negative health outcomes. The Elevance Health Foundation awarded $97.3 million in grants by August 2024, exceeding its three-year goal, aimed at improving maternal and child health, reducing substance use disorders, and addressing food insecurity
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. These programs impacted 43 million Americans, achieving an 8.75% pre-term birth rate among participants, which is better than the national average of 10.4%
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. The Foundation also launched a $10 million initiative in May 2024 for low-interest loans to small businesses addressing health equity
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. In December 2023, Elevance Health received Health Equity Accreditation Plus from the NCQA for 21 of its affiliated Medicaid plans, serving over 10 million individuals, recognizing its efforts in addressing health disparities
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. The company offers behavioral health plans as part of its core services. Elevance Health does not hold healthcare-related patents or produce food products.
Fair Money & Economic Opportunity
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Elevance Health serves 112 million consumers.
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The company has no revenue from high-cost financial products or penalty fees. Its Health OS platform adheres to Fast Healthcare Interoperability Resources (FHIR) standards
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, simplifying the confidential sharing of electronic health records for approximately 92% of its Medicare Advantage membership.
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The company operates in 52 jurisdictions, with 23 of these being Medicaid markets.
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Elevance Health does not provide consumer debt products or financial literacy programs for customers, nor is it regulated as a lender. The Elevance Health Foundation has committed $10 million to an impact investing program for loans to small businesses and entrepreneurs in under-resourced communities.
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In January 2025, CMS imposed a Civil Money Penalty of $149,060 for failure to comply with Medicare Part C cost sharing and maximum out-of-pocket limit requirements.
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Fair Pay & Worker Respect
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Elevance Health has demonstrated strong pay equity, with pay among genders within 1%
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and racial equity in pay established
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. The company utilizes a Pay Finder™ tool, which has resulted in a 25% reduction in pay equity remediation costs
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. A 2024 Great Place To Work® survey found that 83% of employees consider it a great place to work
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, with 90% feeling welcomed on onboarding
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and 89% appreciating time-off flexibility
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. Elevance Health was recognized by JUST Capital for its commitment to pay equity and work-life balance, ranking second in the healthcare industry
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. The workforce is 77% female
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and 51% racially or ethnically diverse
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, with 65% female managers
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and 36% diverse managers
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. However, the company has faced legal challenges, including lawsuits alleging misclassification of nursing positions
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and utilization reviewers
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as exempt from overtime pay, and accusations of compelling remote employees to work off the clock
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. In 2024, Elevance Health also announced layoffs impacting thousands of employees
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.
Fair Trade & Ethical Sourcing
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Elevance Health operates primarily in the healthcare plans sector and is not raw material-focused.
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Consequently, the company does not procure physical commodities or high-risk materials, resulting in N/A scores for fair-trade certification and materials risk. In 2022, Elevance Health's Supplier Diversity program invested over $1.2 billion in diverse-owned and small businesses, including those owned by ethnic minorities, women, veterans, people with disabilities, and LGBTQ+ individuals.
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However, the percentage of the total procurement budget directed to these suppliers is not provided, preventing a score for supplier diversity spend. The company also has a Supplier Code of Conduct addressing rights and safety and engages strategic suppliers to set science-based GHG emission targets using CDP Supply Chain, but these do not provide scorable data for other KPIs.
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Honest & Fair Business
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Elevance Health has written policies regarding false claims and the detection and prevention of fraud, waste, and abuse.
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However, the U.S. Department of Justice filed a complaint under the False Claims Act against the company, alleging it paid illegal kickbacks to brokers for Medicare Advantage plan enrollments, potentially violating the Anti-Kickback Statute and the False Claims Act.
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Kind to Animals
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Elevance Health Inc. is a health benefits company, and its core operations do not inherently involve animal exploitation, animal testing, or animal agriculture. The company is listed on CrueltyFreeInvesting.org under "No Animal Exploitation."
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Consequently, KPIs related to cruelty-free certification, alternative testing, humane operations, ethical input substitution, cage-free sourcing, animal testing policy and volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its business model. While the company requires suppliers to have rigorous land management and biodiversity standards, there is no measurable data on Elevance Health's direct wildlife conservation initiatives or their impact, leading to the omission of that KPI.
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No War, No Weapons
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Elevance Health's core business is health benefits, and the company does not directly engage in military activities. This indicates no revenue from arms or defense contracts, no defense business to oversee, no exposure to controversial weapons, and no defense assets requiring divestment. In February 2024, the Elevance Health Foundation awarded an additional $1.2 million in grants for disaster preparedness, response, and recovery, supporting community resiliency.
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The company is also recognized as a Military Friendly employer, demonstrating a commitment to recruiting and supporting veterans.
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Planet-Friendly Business
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Elevance Health achieved 100% renewable electricity for its operations in 2021, four years ahead of schedule
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. This commitment was recognized with a Green Power Leadership Award from the EPA and a Beyond 100% Leadership Award from RE100 in 2023
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. The company has a goal of net-zero emissions by 2050
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and aims to reduce absolute scope 1 GHG emissions by 46.2% by 2030
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. Elevance Health encourages strategic suppliers to set science-based greenhouse gas emissions reduction targets
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. Additionally, over 4.25 million square feet of its office and data center space are ENERGY STAR certified
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, and the company has reduced water consumption by 35 million gallons annually
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.
Respect for Cultures & Communities
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Elevance Health has established formal partnerships with 41 community organizations for initiatives such as food as medicine grants.
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The company states that Free, Prior and Informed Consent (FPIC) processes are not applicable to its operations, nor are cultural impact assessment protocols, cultural site protection, or social license to operate, given its business model as a health benefits company. However, only 0.07% (75 out of 104,856) of its associates have completed an eight-week course on health equity and cultural sensitivity.
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Safe & Smart Tech
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Elevance Health has established an Office of Responsible AI (ORAI) to oversee ethical AI implementation, focusing on AI system fairness, bias, and inclusion
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. The company also collaborates with over 30 partners in the VALID AI initiative for responsible and ethical generative AI development
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. It employs a data quality management framework that uses AI-driven checks to continuously monitor for data inaccuracies, flagging anomalies for human review
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. Regular security audits are conducted to protect patient data and address potential AI biases
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. The company provides annual training on its Code of Conduct, covering social engineering, phishing, password protection, and mobile security
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. Elevance Health states it employs strong encryption standards to protect patient data
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.
Zero Waste & Sustainable Products
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The provided article focuses on Elevance Health's initiatives related to renewable energy and greenhouse gas emission reductions, including achieving 100% renewable electricity for operations in 2021
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and setting a 1.5°C aligned science-based target for Scope 1 emissions and supplier engagement
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. However, the article explicitly states that specific initiatives related to zero waste, sustainable products, or circular economy practices are not prominently featured, and detailed information regarding these areas is not readily available.