Anthem Blue Cross 2006 Annual Report Download

Download and view the complete annual report

Please find the complete 2006 Anthem Blue Cross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

A-A
WellPoint, Inc.
2006 Summary Annual Report

Table of contents

  • Page 1
    WellPoint, Inc. 2006 Summary Annual Report A-A

  • Page 2
    ... company, serving more than 34 million Americans, WellPoint connects with more doctors, hospitals and communities than anyone else. By turning our core values into action, we are committed to health care to deliver improved care and better health. By doing our part, we can be the most trusted choice...

  • Page 3
    ..., dental, vision, behavioral health benefit services, as well as long-term care insurance and flexible spending accounts. WellPoint is an independent licensee of the Blue Cross and Blue Shield Association in 14 states and also serves members across the country through UniCare. For more information...

  • Page 4
    ... Chief Executive Officer and a member of the Board of Directors, also effective June 1, 2007. Since 2005, Ms. Braly has served as a WellPoint Executive Vice President, with operational responsibility for the nation's largest Medicare claims processing business, the federal employees' health benefits...

  • Page 5
    ... to making WellPoint the most trusted choice for consumers and the leader in affordable quality care produced very good results in 2006 for customers and shareholders. We achieved continued strong growth in our Anthem National Accounts business, which serves large, multi-state employers. We...

  • Page 6
    ... to local markets across the country. This approach will allow us to offer consumers from coast to coast an unparalleled choice of health care plans, and a full range of benefits and services - including specialty products such as life insurance and dental, vision and behavioral health benefits. It...

  • Page 7
    ... team. I want to thank the Board of Directors for their strategic vision and guidance. I also want to thank our entire management team for their outstanding performance in serving our customers and building our company, and Larry C. Glasscock Chairman, President and Chief Executive Officer...

  • Page 8
    Our vision for transforming health care: We're committed to creating a health care system that provides improved care and better health, and to being a trusted choice for consumers. a future where consumers We can understand the health care system and feel in control, where they don't have to worry ...

  • Page 9
    ... and services. # Choice-based, consumer-driven health plans Give consumers more control over their health care through new coverage options and easy access to price and quality information. Make health care more accessible and affordable Page 12 # Holding down costs and reducing the number of...

  • Page 10
    ...We're taking the lead with health improvement tools tailored to individual members and consumer-driven health plans (CDHPs) that give people greater choice and control. We're also pioneering programs to give consumers clear, useful information about the price and quality of their health care options...

  • Page 11
    ... National Accounts customer, we developed Anthem Care Comparison to drive greater transparency in health care. Launched in Dayton, Ohio, this innovative program allows members to compare cost and quality measures for nearly 40 medical procedures, such as knee replacement surgery, at area hospitals...

  • Page 12
    ...dangerous medication interactions. WellPoint is a leader in making personal health records available to its members. Consumer-focused health care WellPoint's health plans are designed to help our members improve their health and quality of life with a range of programs and services that meet their...

  • Page 13
    ...make informed decisions. Through personalized, state-of-the-art Web sites in both English and Spanish, our CDHP consumers can locate nearby doctors and hospitals, compare hospitals on several quality and cost measures, compare prices of prescription drugs at local pharmacies, research common medical...

  • Page 14
    ... existing public health insurance programs but isn't enrolled. In California, we operate enrollment vans and other community outreach efforts to help eligible individuals and families sign up. Cathy Lurty (at right in photo) is a WellPoint associate involved in enrollment efforts in San Diego. Our...

  • Page 15
    ... in health care costs and reducing the number of uninsured Americans. In the past two years we provided health security to more than 750,000 previously uninsured individuals with innovative and affordable new plans. And we have advanced proposals for a public-private partnership to cover millions...

  • Page 16
    ... account for one in every five dollars WellPoint spends on medical care. We give our members the ability to compare the costs of pharmaceuticals at their local pharmacies and through mail-order services, including the cost advantages of generic options. Attractive and affordable coverage options...

  • Page 17
    ...Illinois. Pathways includes three lower price-point plans, targeting both previously uninsured groups that could not afford health coverage and employees who do not want to pay a high dollar amount for health coverage. In Connecticut, our new Blue Options plans allow employers to select five product...

  • Page 18
    ... requirements, so physicians and hospitals can focus more on providing quality care. And we are reinforcing those initiatives with pay-for-performance programs that reward quality improvements and help support further investments in information technology. WellPoint, Inc. 2006 Summary Annual Report

  • Page 19
    Effective measures to improve quality of care Our Quality-in-Sights Hospital Incentive Program (Q-HIP) rewards hospitals in our network for improvements in patient safety, patient health and patient satisfaction. In 2006, we introduced Q-HIP in New Hampshire. Marion Percy, RN, BSN, is a nurse at ...

  • Page 20
    ... is a partnership between the Blue Cross and Blue Shield Association, Anthem National Accounts, and other Blue plans, which have developed Blue Distinction Centers for Specialty Care in three care-intensive areas: Transplant, Bariatric Surgery and Cardiac Care. These specialty center networks have...

  • Page 21
    ... year. Our Anthem Blue Cross and Blue Shield health plan in Ohio has launched a pilot ePrescribing program in two communities that will help reduce medication errors, improve patient safety, and cut the time physicians spend managing prescriptions and communicating with pharmacists. Technology and...

  • Page 22
    ... Agency for Healthcare Research and Quality, too few Americans are being screened and counseled to prevent cancer, obesity, asthma, and diabetes, among other conditions. This shortfall in quality care is measured in lost lives, in reduced quality of life, and in health care resources spent on fixing...

  • Page 23
    ...participated in a Breast Cancer Care Program introduced by our Blue Cross Blue Shield plan in Georgia. The program is designed to promote discussions between patients and their health care teams, improve appropriate treatment decisions, and provide support. Jenifer has now been cancer-free for three...

  • Page 24
    ... country's largest social legacies dedicated to improving the health of our communities. In 2006, the WellPoint Foundation paid out approximately $20 million in grants, including approximately $9 million to community health clinics, health screenings, children's hospitals, health coverage education...

  • Page 25
    ... and prenatal care Preventive care Lifestyle Behavioral health Morbidity and mortality Rankings of states where WellPoint operates Blue Cross and Blue Shield Association-licensed plans: # 3 # 7 # 8 # 9 #10 #11 #27 Connecticut New Hampshire Wisconsin Colorado California Maine New York #29 #35...

  • Page 26
    ...and State Children's Health Insurance Program (SCHIP) managed care companies. LARGE GROUP 16.0M BLUECARD 4.3M INDIVIDUAL & SMALL GROUP 5.7M STATESPONSORED 1.9M SENIOR 1.2M ANTHEM NATIONAL ACCOUNTS 5.0M BlueCard Through the BlueCard program, WellPoint's 14 Blue Cross and Blue Shield Association...

  • Page 27
    ... wellness to our customers and other health plans. HealthCore employs a staff of health care experts who analyze years of patient data (with no personal identifiers) representing millions of lives. Their research provides important evidence that supports our quality of care initiatives. Social...

  • Page 28
    ... financial results include operations of the former Anthem, Inc. for the full year, and also include operations of the former WellPoint Health Networks Inc. for the one month ended December 31, 2004. $20.7 2004 Total Medical Membership In millions Dollars in millions, except per share data Years...

  • Page 29
    ...19,863.5 4,656.1 - 50.1 24,575.8 $51,759.8 - 6.6 20,915.4 4,173.5 (82.1) (20.3) 24,993.1 $51,287.2 The information presented above should be read in conjunction with the audited consolidated financial statements and accompanying notes included in WellPoint's 2006 Annual Report on Form 10-K. 26-27

  • Page 30
    ... 142.3 61.4 61.5 146.1 19,264.6 1,443.3 483.2 960.1 3.15 3.05 The information presented above should be read in conjunction with the audited consolidated financial statements and accompanying notes included in WellPoint's 2006 Annual Report on Form 10-K. WellPoint, Inc. 2006 Summary Annual Report

  • Page 31
    ... long-term borrowings Repayment of long-term borrowings Changes in securities lending payable Changes in bank overdrafts Repurchase and retirement of common stock Proceeds from exercise of employee stock options and employee stock purchase plan Proceeds from sale of put options Excess tax benefits...

  • Page 32
    ... and Chief Executive Officer Mays Chemical Company, Inc. Ramiro G. Peru Executive Vice President and Chief Financial Officer Phelps Dodge Corporation Jane G. Pisano, Ph.D. President and Director The Natural History Museum of Los Angeles County Senator Donald W. Riegle, Jr. Chairman APCO Government...

  • Page 33
    ... Operations, Technology and Government Services and Executive Vice President Angela F. Braly* Executive Vice President, General Counsel and Chief Public Affairs Officer Randal L. Brown Executive Vice President and Chief Human Resources Officer David C. Colby Vice Chairman and Chief Financial Officer...

  • Page 34
    ... are also available on WellPoint's Investor Relations Web site at www.wellpoint.com. To request a Summary Annual Report, Form 10-K or additional information, please choose from one of the following: Market Price of Common Stock The Company's Common Stock, par value $0.01 per share, is listed on...

  • Page 35
    Our Vision WellPoint will transform health care and become the most valued company in our industry. Our Mission Improve the lives of the people we serve and the health of our communities. This report was printed on FSC certified Mohawk Paper Mills Options 100% PC Recycled stock. The papers were ...

  • Page 36
    WellPoint, Inc. 120 Monument Circle, Indianapolis, IN 46204 www.wellpoint.com WLP-AR-2007