Business Intelligence
SimplePay Health is intended to further reduce costs and improve outcomes, company says.
The company says there's opportunity to enhance its value proposition in the realm of virtual care.
However, health systems didn't fare as well, seeing operating margins drop for a third consecutive month in September.
The revenue is a year-over-year increase from Q3 2023, during which the insurer's revenue capped at about $25.4 billion.
Elevance Health CEO Gail Boudreaux said it will serve as the foundation for subsidiary Carelon's home health business.
Tiered networks, value-based formularies and direct contracting with providers were correlated with lower costs.
According to the AMA, this has undercut fair payment for out-of-network healthcare services and eliminated market competition.
Oscar is launching a multi-condition plan for members with diabetes and pulmonary and cardiovascular disease.
The layoffs come on the heels of an earnings call in which the company said it was exploring options after a star ratings hit.
The end-to-end program is meant to help employees more seamlessly access and manage their GLP-1 prescriptions.