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Elevance Well being, previously Anthem, is poised to accumulate Blue Cross Blue Protect of Louisiana, having entered right into a definitive settlement this week to snag the insurer, with BCBSLA becoming a member of Elevance Well being’s affiliated Anthem Blue Cross Blue Protect household of manufacturers.
The 2 organizations stated they’re “aligned in a mission” to enhance entry, high quality and affordability for Louisianans.
The mix builds on the prevailing collaboration in Louisiana by way of joint possession of Wholesome Blue, which serves Medicaid and Medicare Twin Eligible members.
BCBSLA will serve greater than 1.9 million members with capabilities developed by Elevance Well being and its healthcare providers group, Carelon. With greater than $4 billion invested over the previous a number of years, Carelon delivers behavioral well being, advanced and continual care applications, in addition to digital fashions, the businesses stated.
WHAT’S THE IMPACT
The Louisiana plan headquarters will stay in Baton Rouge, and can proceed to serve its clients regionally by way of its workforce of about 3,000 staff.
A further advantage of the transaction, the businesses stated, would be the creation of a multibillion-dollar basis, the Speed up Louisiana Initiative. The inspiration is being created, stated Elevance, to “handle the distinctive and sophisticated wants” of the folks of Louisiana by addressing well being inequities and strengthening native communities.
The acquisition is anticipated to shut later this 12 months and is topic to customary closing circumstances and receipt of sure required approvals.
Upon closing, Elevance Well being’s affiliated Anthem Blue Cross Blue Protect plans will now function inside 15 states throughout the nation.
“Elevance Well being and Blue Cross and Blue Protect of Louisiana will mix strengths to supply providers distinctive to the wants of Louisiana to raised serve members by way of a complete well being customized strategy,” stated Elevance Well being President and CEO Gail Boudreaux.
THE LARGER TREND
Elevance Well being introduced the launch of healthcare services brand Carelon in June 2022; over the subsequent two years, it would consolidate its present broad portfolio of capabilities and providers companies. Carelon providers vary from analysis to built-in whole-person care supply, pharmacy, behavioral well being to digitally enabled options.
The earlier acquisition that had been introduced by Elevance was that of BioPlus, a complete specialty pharmacy, in November. BioPlus offers a variety of specialty pharmacy providers for sufferers residing with advanced and continual circumstances, reminiscent of most cancers, a number of sclerosis, hepatitis C, autoimmune ailments and rheumatology.
Elevance took in $1.6 billion in profit within the third quarter of this 12 months, marking a 7.2% acquire from the identical interval in 2021. Revenues reached $39.9 billion, up 11.5% from the $35.8 billion in income posted a 12 months in the past.
ON THE RECORD
“Blue Cross and Blue Protect of Louisiana is a powerful and vibrant firm with a historical past of serving Louisianians for nearly 90 years,” stated Dr. I. Steven Udvarhelyi, president and CEO of Blue Cross and Blue Protect of Louisiana. “Nevertheless, to stay robust in right this moment’s atmosphere with a capability to supply main improvements, merchandise and capabilities, we concluded that we wanted a associate that might assist us ship these sooner and higher than we might alone. Aligning with Elevance Well being – a nationwide healthcare group that has been our trusted associate since 2017 – will enable us to speed up our mission of enhancing the well being and lives of Louisianians.”
E mail the author: Jeff.Lagasse@himssmedia.com