Elevance CFO Anticipates ‘Tale of Two Halves’ in 2025
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Nov 15, 2024
During the UBS Global Healthcare Conference on Nov. 12, Elevance Health, Inc. Chief Financial Officer Mark Kaye attempted to reassure investors that the company is on the right track despite recent struggles in its managed Medicaid business. However, he said the turnaround would take some time as the insurer works with states to increase reimbursement for treating a sicker pool of Medicaid beneficiaries.
“If I step back, 2025 is going to be a tale of two halves, with continued headwinds in the first half giving way to recovery in business performance and margins in the second half,” Kaye told UBS analyst A.J. Rice.
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