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CareMore introduced a number of Special Needs Plans in 2007 that were aimed at high-cost, high-need patients with chronic diseases. By 2010, CareMore had expanded to Northern California, Arizona, and Nevada. Serving over 50,000 patients, CareMore was acquired by WellPoint – now Anthem – in 2011 for $800 million.
In 2002, WellPoint acquired RightChoice Managed Care, a Missouri-based company that ran Blue Cross and Blue Shield for part of the state, for $1.5 billion. [36] [37] RightChoice also owned provider network company HealthLink. [38] WellPoint also acquired MethodistCare of Houston, Texas [39] and HealthLink.
Angela Fick Braly (born July 2, 1961) is an American executive. She served as president and chief executive officer of WellPoint (now Elevance Health), a large U.S.-based provider of health insurance, and was a member of the company's board of directors.
WellCare began operations in 1985 in Tampa, Florida as a Medicaid provider for the State of Florida. [5] In 1992, Kiran Patel, a cardiologist and entrepreneur, purchased the company. [6] [7] In 2002, Patel sold it to a New York investment group led by George Soros and Todd Farha. [7] Also in 2002, Todd Farha joined the company as CEO. [8] [9]
Most provider markets (especially hospitals) are also highly concentrated—roughly 80%, according to criteria established by the FTC and Department of Justice [137] —so insurers usually have little choice about which providers to include in their networks, and consequently little leverage to control the prices they pay. Large insurers ...
Founded in 1948, [26] Arkansas Blue Cross Blue Shield (ABCBS) [27] is an independent licensee of the Blue Cross Blue Shield Association, and the largest healthcare provider in the state. [28] It donated $1.98 million to The Walton College of Business toward founding its Robert L. Shoptaw Master of Healthcare Business Analytics Program. [ 29 ]
It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. HCSC is the fifth-largest health insurer in the US overall and employs more than 23,000 people. As of 2019, it was noted to be the third-largest commercial health insurer in the United States [1] It serves nearly 16 million members.
WellPoint was recently ranked 249th on the 2008 Deloitte Technology Fast 500, [10] a ranking of the 500 fastest growing technology, media, telecommunication and life sciences companies in North America; 28th on the Canadian Technology Fast 50, [11] a ranking of the 50 fastest growing technology firms in Canada; 6th in the Over $20 Million Group for Alberta Venture's 2009 Fast Growth 50 list, a ...