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Elevance Health has announced management changes it said are designed to strengthen execution across Carelon and Health Benefits.
Mark Kaye, executive vice president and CFO, will expand his responsibilities to include oversight of Carelon, the healthcare services company launched by Elevance in 2022 that includes pharmacy services, behavioral health, specialty benefits management and research. CarelonRx is the company's pharmacy benefit manager.
Executive Vice President and President of Carelon Peter D. Haytaian will transition to serve the company as special advisor through Dec. 31. Effective May 4, Haytaian will devote more time to family commitments, the company said.
Carelon focuses on improving health outcomes, particularly those with complex or chronic conditions, and reducing costs.
Carelon plays a critical role in advancing the company’s strategy to lower the cost of care, according to an Elevance press release. Carelon’s operating priorities and client commitments remain unchanged.
During a January earnings call of decreased revenue and earnings expectations, Elevance CEO Gail Boudreaux said, "As we enter 2026, our focus is on advancing affordability and making healthcare easier to access and navigate for the members we serve."
In other leadership changes, Felicia Norwood, executive vice president and chief health benefits officer, will assume responsibility for the company’s consolidated Health Benefits organization.
Health Benefits is composed of Individual, Employer Group risk-based, Employer Group fee-based, BlueCard, Medicare, Medicaid and Federal Employee Program businesses.
Norwood will bring together the company's major Health Benefits businesses and core operating functions under a single accountable structure, Elevance said. This consolidation will enhance coordination across Commercial and Government health benefits and supports a more consistent operating structure across product, operations and growth priorities.
"Bringing Health Benefits together under a single accountable structure strengthens coordination and execution as we continue delivering for members and customers," Norwood said.
Boudreaux said: "Over the last several years, we have continued to evolve how we operate to meet the changing needs of healthcare and deliver for our customers, members, and clients. These management changes support disciplined execution and help us move with greater clarity and coordination as we continue to scale. I also want to thank Pete for his leadership and his commitment to supporting a smooth transition."
Email the writer: SMorse@himss.org