Anthem


At a Glance

  • Rollout of PBM solution moves forward. 
  • Revenue flat but EBIDTA sharp increase quarter over quarter
  • Increased market interest end of Q2

Rolling 12 months financials


Stock Performance


Earnings Call Summary

Latest available call date: 1/30/2019

  • The IngenioRx launch moved forward, with members migrating May 1st. 14 states have approved the transition on the commercial side; most Medicaid markets have approved. BC Idaho contracted to use IngenioRx starting in 2020.
  • Anthem launching personal health record for Medicare members early 2020.
  • Added 65,000 Medicaid members in Q2. Won FL CHIP contract; to start Jan 21, 2020.
  • MLR of 86.7% for Q2 driven by increased costs in Medicaid business. Medicaid business within target margins but at lower end of range.
    Emphasized that Medicaid challenges are isolated to a few states.
  • Challenges in Medicaid include states that have decreased enrollment after eligibility re-verification projects.  Medicaid challenges also include rates in some states that are not aligned with risks / costs.



END OF REPORT

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