Carelon Behavioral Health
 | This article needs additional citations for verification. (August 2013) |
| Company type | Subsidiary |
|---|---|
| Industry | health insurance |
| Headquarters | Boston, Massachusetts |
Area served | United States |
Key people | Russel C. Petrella(Chief Executive Officer) |
| Parent | Elevance Health |
Beacon Health Options, Inc. is a behavioral health company based in Boston, Massachusetts. On Jun. 6, 2019, Anthem, Inc. (now Elevance Health) announced that it had entered into a definitive agreement to acquire Beacon Health Options.[1] The acquisition was completed on Mar. 2, 2020.[2] Prior to the acquisition, Beacon Health was the largest privately held company of its kind in the United States. The company is the product of a 2014 merger between Beacon Health Strategies, LLC and ValueOptions, Inc.[3]
The company currently employs 4,700 people nationwide, serving over 40 million people.
Description
Beacon Health Options is a subsidiary of FHC Health Systems, Inc. The company provides behavioral healthcare management to 41 Fortune 500 companies, national and regional health plans, and federal, state, and local governments. Overall, the company serves over 45 million people in the United States. Most Beacon Health Options locations are accredited by URAC (formerly the Utilization Review Accreditation Commission). Many Beacon locations also hold National Committee for Quality Assurance (NCQA) accreditation.[4] Prior to joining with Beacon Health Strategies, ValueOptions was the product of a 1998 merger of two smaller companies, Value Behavioral Health and Options Health Care.[5] Today, Beacon Health Options is led by Russell C. Petrella Ph.D., Chief Executive Officer.[6]
References
- ^ "Anthem, Inc. to Acquire Beacon Health Options". www.antheminc.com. Archived from the original on 2019-08-25. Retrieved 2021-09-16.
- ^ "Anthem, Inc. Completes Acquisition of Beacon Health Options". www.beaconhealthoptions.com. Retrieved 2021-09-16.
- ^ Lascara, Virginia. "ValueOptions to merge with Boston firm". pilotonline.com/inside-business. Retrieved 2021-09-16.
- ^ "Who We Are | Beacon Health Options". www.beaconhealthoptions.com. Retrieved 2017-12-11.
- ^ Joyce, Marie (June 19, 1998). "HEALTH CARE COMPANIES MERGE FHC HEALTH SYSTEMS BUYS FALLS CHURCH OPERATION MENTAL HEALTH BUSINESS WILL BE NATION'S 2ND-LARGEST". Virginian Pilot. Archived from the original on April 13, 2016. Retrieved August 14, 2013.
- ^ "Russell Petrella, Ph.D., Chief Executive Officer | Beacon Health Options". www.beaconhealthoptions.com. Retrieved 2017-12-11.