Anthem, Inc.’s (Anthem) acquisition of Beacon Health Options (Beacon) will help the company expand its Differentiated Business Group’s businesses and deliver integrated solutions and care delivery models that personalize care for people with complex and chronic conditions. Anthem’s Behavioral Health business will now play a key role in this expansion strategy.
Beacon is the largest independently held behavioral health organization in the country. Beacon currently serves more than 36 million individuals across all 50 states, including nearly 3 million individuals under comprehensive risk-based behavioral programs.
The acquisition of Beacon will offer Anthem the opportunity to combine its existing behavioral health business with Beacon’s model and support services to fully scale integrated behavioral and physical health capabilities to customers and consumers nationwide.
Upon completion, Beacon, combined with Anthem’s behavioral health business, will operate as an integrated team. Russell C. Petrella, Ph.D., Beacon Health Options President and CEO, as well as other key members of Beacon’s senior team, will join Anthem’s Diversified Business Group to lead the efforts to offer innovative behavioral health solutions and further expand this business.
Anthem is one of the largest health benefits companies in the United States in terms of medical membership, serving approximately 40 million medical members through its affiliated health plans. Anthem, an independent licensee of the Blue Cross and Blue Shield Association, serves customers in over 25 states across the country.
Anthem offers a broad spectrum of network-based managed care plans to Large Group, Small Group, Individual, Medicaid and Medicare markets. Anthem also provides a provide a broad array of managed care services to self-funded customers
Anthem provides an array of specialty and other insurance products and services such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal healthcare. Anthem also provides services to the federal government in connection with the Federal Employee Program®, or FEP®.