How three major LBMs became affiliated with insurance companies over time
CARELON MEDICAL BENEFITS MANAGEMENT
| Date | Event | |
|---|---|---|
| July 2007 | Anthem’s Wellpoint buys American Imaging Management, a radiology benefits manager, to form AIM Specialty Health | |
| May 2016 | AIM Specialty Health partners with InformedDNA to help payers manage genetic testing costs and coverage | |
| August 2017 | Anthem launches Genetic Testing Solution for payers, with AIM Specialty Health administering the program | |
| February 2023 | Elevance Health (formerly known as Anthem) renames AIM Specialty Health to Carelon Medical Benefits Management | |
EVICORE HEALTHCARE
| Date | Event | |
|---|---|---|
| December 2014 | Diagnostic management company MedSolutions and imaging management provider CareCore merge to form EviCore healthcare | |
| December 2017 | Pharmacy benefit manager Express Scripts buys EviCore | |
| December 2018 | Cigna buys Express Scripts | |
| September 2019 | Cigna launches Embarc Benefit Protection, which consolidates EviCore’s lab benefit management services with Cigna’s specialty pharmacy management services | |
AVALON HEALTHCARE SOLUTIONS
| Date | Event | |
|---|---|---|
| June 2013 | Former Centers for Medicare and Medicaid Services Deputy Administrator Adam Boehler co-founds Avalon Healthcare Solutions | |
| February 2017 | Avalon raises $29.3 million in a Series C funding round, led by three investors including Blue Cross Blue Shield South Carolina | |
| October 2022 | Avalon partners with UnitedHealth Group to offer a lab benefit tool for payers | |