Analysing Anthem Mission And Vision Statements 2021

Anthem Mission And Vision Statement 2021

Anthem Mission Statement: Anthem, Inc. is a health insurance company located in the United States. It is the Blue Cross Blue Shield Association’s leading for-profit planned healthcare services firm. The firm has roughly 40 million participants as of 2018. Anthem is positioned 29th among the Fortune 500 companies.

Previously until 2014, the company was known as WellPoint, Inc. After both firms bought numerous different healthcare insurance firms, WellPoint, located in California, and Anthem, located in Indianapolis, merged in 2004 to become a multinational company.

In California, where it employs nearly 800,000 consumers and seems to be the top health coverage, the corporation is known as Anthem Blue Cross. In New York, it is known as Empire Blue Cross BlueShield, and in ten other regions, it is known as Anthem Blue Cross and Blue Shield.

In this Analysis, we will discuss Anthem’s Mission statement aiming to deliver the best healthcare insurance services aiming to better life and safety. On the other side, Anthem’s Vision Statement describes collaboration to enhance facility and productivity.

Overview of the Anthem Company

Anthem was established in 1946 as Mutual Hospital Insurance Inc. as well as Mutual Medical Insurance Inc. in Indianapolis, Indiana. Even by the 1970s, the corporations had grown tremendously, dominating 80 percent of the health insurance business in Indiana.

The two businesses, originally called Blue Cross of Indiana & Blue Shield of Indiana, formed a collaborative operational deal in 1972.

The two organizations unified in 1985 to become Associated Insurance Companies, Inc., afterward known as The Associated Group, an investment group, however, the trademark “Anthem” was retained.

In 1989, the business paid $150 million acquiring American General Insurance Co., and then in 1991, it paid $125 million again For Shelby Insurance Co., headquartered in Shelby, Ohio.

The Associated Group established Acordia, an agency that marketed and operated insurance and workplace compensation packages, in 1989.

Acordia purchased American Business Insurance worth $130 million and Federal Kemper Insurance Company for $100 million in 1993. Southeastern Mutual Insurance Company, the operating company of Blue Cross and Blue Shield of Kentucky, was purchased by the Associated Group.

Raffensperger, Hughes & Co., Inc., Indiana’s top investment financial institution was auctioned to National City Corp. in 1994.

Anthem Mission And Vision Statement

The Associated Group bought Community Mutual Insurance, leading Ohio supplier of Blue Cross as well as Blue Shield healthcare plans including approximately 1.9 million members, during 1995, which subsequently established Anthem Blue Cross as well as Blue Shield.

The Associated Group was renamed Anthem Insurance Company in 1996. Anthem purchased Blue Cross as well as Blue Shield of Ct in August 1997. Acordia was ultimately auctioned to the administration.

Anthem purchased Blue Cross and Blue Shield of New Hampshire as well as of Colorado and Nevada, in 1999.

During 1996, 850,000 new consumers were recruited as a result of deals. There were 2.4 million PPO as well as 964,000 HMO subscribers within its client pool.

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Anthem purchased Blue Cross Blue Shield of Maine in 2000.

Anthem demutualized and decided to go public in October 2001, becoming the fourth biggest publicly regulated healthcare insurance firm in the United States through an introductory public selling.

Anthem invested $4.04 billion buying Trigon Healthcare of Virginia, a Blue Cross and Blue Shield plan, and Virginia’s leading healthcare provider. Anthem Insurance Company has 11.9 million customers.

Name of the Company Anthem, Inc.
Industry Served Managed HealthCare, Insurance
Geography areas served Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), and Wisconsin.
Headquarters Indianapolis, Indiana, United States
Current CEO Gail Koziara Boudreaux
Revenue US $121.9 billion (2020)

Significance of the Mission & Vision Statement

Anthem understands that everyone’s wellness binds us together. It offers an effect on those all over the United States of America. As a result, Anthem is committed to offering good healthcare to its members, promoting adequate quality products and services, and contributing to the overall wellbeing of its communities.

There might be some instances whenever the contract with other organizations to offer specific operations to our consumers and professionals, such as Utilization Management as well as Case Management. They would definitely end up making sure that it was legal and permitted under our agreements prior proceeding.

The Mission statement of Anthem

“Improving Lives and Communities. Simplifying Healthcare. Expecting More.”

Analyzing the Mission statement

The mission is to help the members we support to live healthier lives. At Anthem, users believe that the strongest medical insurance can definitely help individuals remain fit and active. That is why the brand goes above and beyond essentially offering medical insurance.

It facilitates participants’ health by doing the four things:

  • Providing extensive networking of several of the area’s top doctors, professionals, and healthcare facilities.
  • Reminding users of the importance of fundamental precautionary checkups.
  • Delivering services as well as relevant data to assist in the management of chronic medical problems.
  • Dentistry care, healthcare benefits, as well as pharmaceutical advantage management are among the amenities provided.

Anthem collaborates with healthcare professionals, healthcare facilities, as well as other authorities to maintain that treatment is available, synchronized, promptly, and delivered in a surrounding that fosters positive therapeutic patient interactions.

The Vision statement of Anthem

“To be the most innovative, valuable, and inclusive partner.”

Analyzing the Vision Statement

At Anthem Blue Cross and Blue Shield, they are committed to assisting their customers in achieving and remaining strong. Annually, experts examine the healthcare services and initiatives users employ to determine their health and reliability.

Users often evaluate the standards of benefits clients obtain. The findings indicate what is most effective in improving our individuals’ quality of life and facility, as well as where researchers must focus with full efforts.

Objectives for Improving Quality

They continuing to collaborate aggressively towards:

  • Working collaboratively with healthcare professionals to enhance productivity.
  • Learning about the traditions and ethnicities of our partners.
  • Assist in improving our customers’ comprehensive quality of life satisfaction.
  • Assist all customers in staying healthy and managing overall healthcare insurance.

Core Values

  • Leadership

Excellent leadership abilities may end up making a significant impact in patients’ treatment as well as how the personnel perceives his or her work. This level of excellence in healthcare administration and workforce leadership generates an environment that cultivates enthusiasm, loyalty, and commitment in patients and families.

Leadership must develop successful teams in order to be taken seriously as organizational members and promote patient-centered therapy. Executives must also consistently encourage individuals to collaborate in order for them to work effectively together again and benefit from one another.

  • Community

Qualities of community-based healthcare programs.  A scheme is a prepaid system that involves the sharing of health consequences and finances at the community level as well as among a grouping of participants who have unique features including locality or profession.

A public health insurance plan expands accessibility for poor countryside individuals who require affordable health care but are not eligible for, do not get direct exposure to, or cannot purchase traditional private medical insurance. It also supports people who live in remote regions that don’t have employer-sponsored healthcare insurance.

  • Integrity

Integrity is the regulations that really govern how healthcare services are structured as well as how users get access to medical care and professionals.

  • It safeguards your earnings against unforeseen bills.
  • It safeguards the funds you’ve set up for upcoming goals.
  • It provides you the ability to safeguard your family even though you’re not present.
  • It safeguards your psychological health and provides you with personal satisfaction.
  • Agility

Agility can support payers and companies in dealing with not just the organization’s continuous uncertainty, but increasingly much additional operational difficulties such as:

  • In order to boost development, they are exploring different configuration approaches and creative collaborations.
  • Spending in features or goods that allow for marketplace distinction.
  • Resulting in more efficiency and lowering costs via increased production, while maintaining local attentiveness to client demands.
  • Strengthening medical and non – medical operational accountability.
  • Providing front-line personnel with the tools they ought to respond relatively quickly to modifying customer requirements and desires.
  • Diversity

Diversity in the workplace entails possessing a team that is made up of people of different backgrounds, religions, personalities, nationalities, and preferences. In other terms, it indicates whether a health insurance facility’s clinical and administrative personnel has a diverse set of life experiences and backgrounds.

Diversity in health coverage helps both healthcare professionals and indeed the communities to which they belong. Healthcare inequalities are being narrowed: Improving intercultural communication and ethnic and religious diversification can aid in the reduction of healthcare inequities and the improvement of healthcare systems in varied patient groups.

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