Elevance Health confirmed it had made “adjustments” to its resources after some employees reported job cuts at the company and its subsidiaries on social media.
The job cuts affected workers with various titles, including software engineer, project manager, and pharmacy benefit specialist, at Elevance or its pharmacy services division, ZipDrug, according to posts on LinkedIn.
Elevance did not address questions from Healthcare Dive on whether there were official layoffs, or the number of employees affected.
Instead, a company spokesperson said:
“We know the healthcare landscape is competitive, dynamic, and ever-changing, and it challenges us to drive solutions that will deliver transformational impact and value to those we are privileged to serve.”
“As a result, we have made some adjustments to our resources to better position our company," the spokesperson added. "However, these recent changes are limited in scope and will not impact our customers’ benefits, services or interrupt any continuity in their access to care.”
Elevance, formerly known as Anthem, employs nearly 100,000 associates and serves more than 117 million customers, according to the company. It operates plans under the Anthem Blue Cross, Anthem Blue Cross and Blue Shield and Wellpoint brands, and runs its Carelon health services subsidiary.
The insurer, one of the largest in the U.S., beat Wall Street expectations in the second quarter with revenue of $43.7 billion, up 13% year over year, and profit of $1.9 billion.
Elevance raised its full-year earnings guidance on the results, and reported a lower medical loss ratio even as some health insurers raised red flags over fears of higher-than-anticipated outpatient utilization earlier in the summer.
But the insurer also reported its Medicaid membership fell by 135,000 in the second quarter as states resumed eligibility checks after a period of continuous enrollment during the COVID-19 pandemic.
The company reports third quarter financial results next week.
Fellow health insurer Centene recently said it was laying off about 3% of its workforce totaling 2,000 employees. CVS Health, which owns insurer Aetna, confirmed earlier this summer it would lay off 5,000 workers.
