Carelon Behavioral Health, formerly known as Beacon Health Options, is a
behavioral health
Mental health is often mistakenly equated with the absence of mental illness. However, mental health refers to a person's overall emotional, psychological, and social well-being. It influences how individuals think, feel, and behave, and how t ...
company based in
Boston, Massachusetts
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
.
On Jun. 6, 2019, Anthem, Inc. (now
Elevance Health
Elevance Health, Inc. is an American for-profit health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disabi ...
) announced that it had entered into a definitive agreement to acquire Beacon Health Options. The acquisition was completed on Mar. 2, 2020. Prior to the acquisition, Beacon Health was the largest
privately held company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equi ...
of its kind in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
. The company is the product of a 2014
merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...
between Beacon Health Strategies, LLC and ValueOptions, Inc. The company rebranded as Carelon Behavioral Health in 2023.
The company currently employs 4,700 people nationwide, serving over 40 million people.
Description
In recent years, Carelon company provided behavioral healthcare management to 41
''Fortune'' 500 companies, national and regional health plans, and federal, state, and local governments. It also serves over 45 million people in the United States. As of 2017, most Carelon locations were accredited by
URAC
URAC is a Washington, DC–based non-profit organization that provides accreditation of organizations involved in medical care services, as well as education and measurement programs. Founded under the name Utilization Review Accreditation Commi ...
(formerly the Utilization Review Accreditation Commission). Many Beacon locations also hold
National Committee for Quality Assurance (NCQA) accreditation. Carelon is led by president Glenn MacFarlane.
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References
External links
Company website
Companies based in Boston
Medical and health organizations based in Massachusetts
Insurance companies of the United States