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福利视频 was founded in 1984 as a nonprofit Medicaid plan by a former hospital bookkeeper, Elizabeth 鈥淏etty鈥� Brinn. The business, operated in the basement of Family Hospital in Milwaukee, built its guiding principles on Brinn鈥檚 experiences growing up in a Milwaukee County orphanage.
With more than three decades of experience operating government-sponsored programs, 福利视频 remains as dedicated as ever to the health and unique needs of the communities it serves. In addition to being the largest Medicaid Managed Care Organization in the country, we are proud to be the largest carrier on the Health Insurance Marketplace and a national leader in managed long-term services and support. Our work with the healthcare programs of the Department of Defense has positioned 福利视频 as one of the nation's largest providers of managed care services for military families and veterans. Through all of our efforts, we hold firm to our belief that every individual deserves access to high-quality healthcare with dignity.
1984:听Founded as Family Hospital Physician Associates, the company is established by hospital bookkeeper Elizabeth 鈥淏etty鈥� Brinn in Wisconsin.
1995鈥�1996:听Healthcare executive Michael Neidorff is named President and Chief Executive Officer and expands the company into Indiana.
1997:听The company is renamed 福利视频 Corporation,听and its听corporate office is established in St. Louis, Missouri. NurseWise,听a nurse triage company and 福利视频's first subsidiary, is established.
2001:听With three health plans, $327 million in revenue and 235,000 members, 福利视频 becomes a publicly traded company.
2003:听Adds听Cenpatico, a behavioral health services company; 福利视频 debuts on the New York Stock Exchange.
2004:听福利视频 reports $1 billion in revenue; expands in Ohio as Buckeye Health Plan.
2006:听Acquires additional nurse triage services; Opticare, a vision management services company; US Script,听a pharmacy benefit management services company; and Cardium, a disease management services company.听 These companies currently operate as Envolve.听Establishes health plans in Georgia and Arizona.
2007:听Absolute Total Care in South Carolina becomes 福利视频鈥檚 eighth managed care company.
2008:听Acquires听Celtic Group, Inc., a commercial insurance product company.
2009:听Expands into Florida and Massachusetts.
2010: Joins听the list of largest U.S. corporations by revenue; adds听NovaSys Health听 in Arkansas.
2011: Adds Illinois and Mississippi health plans. Forms a correctional healthcare services company,听Centurion, a joint venture with MHM Services, Inc.
2012: Operations for correctional healthcare services begin. Company expands health plans in Louisiana, Washington and Missouri.
2013: Grows听to $10 billion in revenue and 2.7 million members. Acquires听AcariaHealth, a specialty pharmacy benefit management services company.听Adds Kansas, New Hampshire and California health plans.
2014:听Ambetter听brand introduced for Health Insurance Marketplace products; enters two international markets, Spain and the United Kingdom; adds听U.S. Medical Management (USMM), an in-home health services company.
2015:听Acquires health plans in Michigan and Oregon.
2016: Acquires听Health Net听 and launches the Envolve听 brand for specialty whole-health solution companies.
2017: Expands operational footprint in Nebraska, Nevada, Maryland and New York. Listed No. 66 on the FORTUNE 500 list and No. 244 on the FORTUNE Global 500 list, 福利视频 becomes the largest Medicaid managed care company in the U.S., as well as the No. 1 insurer in the nation on the Health Insurance Marketplace.
2018:听Adds Pennsylvania and New York health plans; launches the Allwell听 Medicare Advantage brand.
2019: Continued growth and innovation leads to being listed No. 51 on the FORTUNE 500 list., No. 168 on the FORTUNE Global 500 list, and No. 7 on the FORTUNE Change the World list.
2020: Combines with WellCare to create a premier healthcare enterprise serving more than 23 million members across all 50 states in the U.S.
As we鈥檝e grown, 福利视频 has never lost its focus on the individual. We have built a portfolio of health solutions that allow us to provide effective and accessible healthcare for the people we serve. Our Envolve family of specialty companies helps deliver a full spectrum of care, from physical health to emotional wellness. Meanwhile, cutting-edge research and insights from the 福利视频 Center for Health Transformation鈩�听鈥� a unique partnership between 福利视频, the Brown School at Washington University in St. Louis, and the Center for Advanced Hindsight at Duke University 鈥� is showing us new ways to influence health behaviors in the millions of individuals we serve.
Honoring Michael F. Neidorff: A Business and Community Leader
Michael F. Neidorff served as 福利视频鈥檚 President and CEO for nearly 25 years, helping build our company into a national healthcare leader. Hear from colleagues, friends and 福利视频 health plan members who share their memories of Michael and detail his impact on our communities.
