Elevance CFO Anticipates ‘Tale of Two Halves’ in 2025

Nov 15
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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Tim Casey

Tim has been a reporter and editor for newspapers, websites and magazines for more than 20 years, including 10 years covering health care business topics. He has a deep knowledge of the managed care industry and pharmacy benefit management. He also has experience covering medical conferences and clinical and legislative health care issues. In 2014, the Society for Advancing Business Editing and Writing selected Tim as one of 15 journalists to participate in a national symposium on the Affordable Care Act. Tim has a B.A. in Psychology from the University of Notre Dame and an M.B.A. from Georgetown University.