‘Not medically necessary': Inside the company helping America's biggest health insurers deny coverage for care [CNN]
Elevance Health, Inc. (ELV)
Company Research
Source: CNN
Sign up to receive its biggest stories as soon as they're published. Every day, patients across America crack open envelopes with bad news. Yet another health insurer has decided not to pay for a treatment that their doctor has recommended. Sometimes it's a no for an MRI for a high school wrestler with a strained back. Sometimes for a cancer procedure that will help a grandmother with a throat tumor. Sometimes for a heart scan for a truck driver feeling short of breath. But the insurance companies don't always make these decisions. Instead, they often outsource medical reviews to a largely hidden industry that makes money by turning down doctors' requests for payments, known as prior authorizations. Call it the denials for dollars business. The biggest player is a company called EviCore by Evernorth, which is hired by major American insurance companies and provides coverage to 100 million consumers — about 1 in 3 insured people. It is owned by the insurance giant Cigna. Ad Fee
Show less
Read more
Impact Snapshot
Event Time:
ELV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ELV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ELV alerts
High impacting Elevance Health, Inc. news events
Weekly update
A roundup of the hottest topics
ELV
News
- Award-Winning Advocacy: AAFA Campaigns Earn Recognition for Social Impact [Yahoo! Finance]Yahoo! Finance
- Investors Will Want Elevance Health's (NYSE:ELV) Growth In ROCE To Persist [Yahoo! Finance]Yahoo! Finance
- OPEN MINDS & Qualifacts Partner on Data Innovation Masterclass Live on December 4 [Yahoo! Finance]Yahoo! Finance
- Elevance Health, Inc. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their LossesGlobeNewswire
- Insiders At Elevance Health Sold US$12m In Stock, Alluding To Potential Weakness [Yahoo! Finance]Yahoo! Finance
ELV
Earnings
- 10/17/24 - Miss
ELV
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- ELV's page on the SEC website