Mission Statement, Vision, & Core Values of Elevance Health Inc. (ELV)

Are you curious about what drives a major health organization like Elevance Health? Have you ever wondered what principles guide their decisions and strategies? In 2024, Elevance Health generated $175.2 billion in operating revenue and served approximately 112 million consumers. Understanding their mission, vision, and core values can provide insight into how they operate and their goals for the future.

What exactly does Elevance Health aim to achieve, and what values underpin their approach to healthcare? Keep reading to explore the mission, vision, and core values that shape Elevance Health's path in the ever-evolving healthcare landscape.

Elevance Health Inc. (ELV) An Overview of

Elevance Health Inc., formerly known as Anthem, Inc., stands as a major health insurance provider in the United States. Tracing its origins back to the 1940s, the company has evolved through numerous mergers and acquisitions to become the entity it is today. Elevance Health provides a range of managed healthcare plans, including health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point-of-service (POS) plans, as well as specialty products such as pharmacy, vision, and dental benefits. As of April 2025, Elevance Health continues to serve tens of millions of medical members across its various plans.

In the 2024 fiscal year, Elevance Health has demonstrated strong financial performance. The company reported a record-breaking revenue of $170 billion, driven significantly by its main product sales in health insurance and related services. Elevance Health has also experienced growth in key markets, expanding its reach and solidifying its position in the competitive healthcare industry. This growth reflects the increasing demand for comprehensive healthcare solutions and the company's ability to meet diverse customer needs.

Elevance Health operates through a diverse portfolio of brands and subsidiaries, each catering to specific segments of the healthcare market. These include:

• Anthem Blue Cross and Blue Shield: Provides health insurance plans in various states.
• Wellpoint: Focuses on government-sponsored healthcare programs, including Medicaid and Medicare.
• Carelon: Offers healthcare services and solutions, including pharmacy benefits management and care delivery.

Elevance Health's success can be attributed to several factors, including its extensive network of providers, its focus on innovation and technology, and its commitment to improving the health and well-being of its members. The company continues to adapt to the changing healthcare landscape, investing in new technologies and expanding its services to meet the evolving needs of its customers.

Elevance Health stands as one of the leading companies in the health insurance industry. Want to understand why it is successful? Find out more here: Breaking Down Elevance Health Inc. (ELV) Financial Health: Key Insights for Investors

Elevance Health Inc. (ELV) Mission Statement

Elevance Health's mission is centered around improving lives and communities. This mission is brought to life by approximately 100,000 associates. The company aims to reimagine the health system by adopting a holistic approach to enhance outcomes, equity, and accessibility. Their purpose is to improve the health of humanity, transitioning from a traditional health benefits organization into a lifetime trusted health partner. Elevance Health serves over 100 million people, addressing various needs through an integrated whole-health approach, leveraging industry-leading capabilities and a digital health platform.

Core Components of Elevance Health's Mission Statement

Elevance Health's mission statement encompasses several core components that drive its strategic initiatives and daily operations:

• Improving Lives and Communities: Elevance Health is dedicated to making a positive impact on the health and well-being of the individuals and communities it serves.
• Expecting More: This reflects the company's commitment to continuous improvement and exceeding expectations in healthcare delivery.
• Reimagining the Health System: Elevance Health aims to transform the healthcare experience through innovative solutions and comprehensive care delivery.
• Whole Health Approach: This involves addressing physical, behavioral, and social needs to improve health, affordability, quality, equity, and access.

Vision Statement

Elevance Health's vision emphasizes delivering personalized, accessible healthcare solutions. As of Q4 2023, the company had a total healthcare membership of 47.8 million individuals and total annual revenue of $156.7 billion. They operate across 20 states in the United States. The company focuses on patient-centered care, with 97.3% claims processing accuracy and $1.4 billion invested in preventive care programs, utilizing 42 advanced telehealth service platforms.

Core Values

Elevance Health's core values are integral to its culture and guide its interactions with stakeholders:

• Community: Putting people first and focusing on community welfare.
• Diversity: Valuing differences and promoting an inclusive environment.
• Integrity: Building trust through ethical practices.
• Agility: Embracing change and adapting to new challenges.
• Leadership: Leading by example and inspiring others.

Financial Performance and Strategic Focus

Elevance Health reported nearly $6 billion in profits for 2024, including $418 million in the fourth quarter. Total revenue for 2024 rose by 3.3% to $177 billion. The company's Carelon business reported a 19% increase in operating revenue to $14.7 billion in the fourth quarter of 2024, and $53.9 billion for the full year, a 12% increase. Despite these gains, Elevance Health faces rising medical expenses, particularly within its Medicaid plans. The benefit expense ratio was 88.5% for the full year, an increase of 150 basis points year-over-year.

Elevance Health is committed to corporate responsibility, working to improve communities and the world. The Elevance Health Foundation has invested over $90 million in partnerships and initiatives promoting health equity for underserved individuals. The company also focuses on expanding services like behavioral health and telemedicine, with plans to grow geographically and improve service quality through staff training and technology upgrades.

Explore further insights into Elevance Health's financial standing and strategic moves:

Breaking Down Elevance Health Inc. (ELV) Financial Health: Key Insights for Investors

Elevance Health Inc. (ELV) Vision Statement

Elevance Health Inc. aims to improve health and promote access to affordable, high-quality healthcare. The company focuses on innovation, leveraging technology, and data analytics to offer personalized and integrated healthcare solutions. Elevance Health's vision reflects a commitment to transforming healthcare by addressing not only medical needs but also the social drivers of health, striving for a future where everyone has the opportunity to lead a healthier life. More information on the company's financial standing can be found at Breaking Down Elevance Health Inc. (ELV) Financial Health: Key Insights for Investors.

Elevance Health's mission is to improve the health of those they serve. This involves:

• Enhancing access to care
• Lowering costs
• Improving health outcomes
• Advancing health equity

The company focuses on:

• Providing integrated and holistic healthcare solutions
• Using technology and data analytics
• Addressing social drivers of health to create a healthcare system that is more responsive to individual needs

In 2024, Elevance Health reported operating revenue of $170.2 billion, reflecting its extensive reach and impact on the healthcare sector.

Elevance Health envisions a future where healthcare is more:

• Personalized
• Proactive
• Affordable

The company aims to lead the way in:

• Redefining health
• Addressing the full spectrum of health-related needs
• Creating a system that is more equitable and accessible for all

By focusing on innovation and collaboration, Elevance Health seeks to transform healthcare and improve lives. In 2024, Elevance Health's benefit expense was $138.7 billion.

Elevance Health's core values include:

• Integrity
• Innovation
• Excellence
• Caring
• Inclusion

These values guide the company's actions and decisions, shaping its culture and approach to healthcare. Elevance Health is committed to:

• Operating with the highest ethical standards
• Driving innovation to improve healthcare delivery
• Providing exceptional service to its members and partners
• Creating a diverse and inclusive workplace

As of 2024, Elevance Health has 47.1 million medical members.

Elevance Health Inc. (ELV) Core Values of

Elevance Health operates with a mission focused on improving the health of humanity, a vision to be the most innovative, valuable and inclusive healthcare partner, and a set of core values that guide its actions and decisions. These values are integral to how Elevance Health serves its customers, engages with its communities, and fosters its internal culture. Here's an exploration of some of Elevance Health's key core values:

Integrity

Integrity is a cornerstone of Elevance Health's operations. This value emphasizes the company's commitment to ethical behavior, honesty, and transparency in all its dealings. Elevance Health strives to maintain the highest standards of conduct, ensuring that trust is preserved with customers, partners, and stakeholders.

An example of Elevance Health's commitment to integrity can be seen in its compliance programs. These programs are designed to prevent fraud, waste, and abuse within the healthcare system. By adhering to strict ethical guidelines and regulations, Elevance Health ensures that it operates responsibly and in the best interests of its members and the broader community.

Diversity and Inclusion

Elevance Health values diversity and inclusion, recognizing that a diverse workforce and inclusive culture are essential to driving innovation and meeting the needs of a diverse customer base. The company is committed to creating an environment where all employees feel valued, respected, and have the opportunity to succeed.

Elevance Health’s focus on diversity and inclusion is evident in its various initiatives, such as employee resource groups and diversity training programs. These efforts aim to promote understanding, respect, and equity within the workplace. Additionally, Elevance Health actively seeks to engage with diverse communities and address health equity disparities through targeted programs and partnerships.

Innovation

Innovation is a driving force at Elevance Health, pushing the company to continuously seek new and better ways to serve its members and improve healthcare outcomes. This value encourages employees to think creatively, challenge the status quo, and embrace new technologies and approaches.

Elevance Health demonstrates its commitment to innovation through investments in research and development, as well as partnerships with technology companies and healthcare providers. For example, Elevance Health has collaborated with various entities to develop digital health solutions that make healthcare more accessible, affordable, and personalized. These innovations range from telehealth platforms to AI-powered diagnostic tools, all aimed at enhancing the patient experience and improving health outcomes.

Community Engagement

Elevance Health is deeply committed to the communities it serves, recognizing that its success is closely tied to the well-being of those communities. This value emphasizes the importance of giving back, supporting local initiatives, and addressing social determinants of health.

Elevance Health engages with communities through various philanthropic efforts, volunteer programs, and partnerships with local organizations. For instance, the Elevance Health Foundation focuses on addressing critical health issues such as food insecurity, maternal health, and substance use disorders. In 2024, the foundation invested millions of dollars in programs aimed at improving community health and reducing health disparities. These investments reflect Elevance Health's commitment to creating healthier communities and a more equitable healthcare system.

Agility

Agility is crucial in the rapidly evolving healthcare industry. Elevance Health embraces change and adapts quickly to new challenges and opportunities. This value enables the company to stay ahead of the curve and deliver innovative solutions that meet the changing needs of its members and customers.

Elevance Health's agility is demonstrated through its ability to quickly respond to market trends and regulatory changes. For example, during the COVID-19 pandemic, Elevance Health rapidly expanded its telehealth capabilities and implemented new programs to support members and healthcare providers. This agility allowed the company to continue providing high-quality care and support during a time of unprecedented disruption.

To delve deeper into Elevance Health Inc.'s financial performance, you might find valuable insights here: Breaking Down Elevance Health Inc. (ELV) Financial Health: Key Insights for Investors