GuideWell

{{Short description|Health insurer in Florida, United States}}

{{more citations needed|date=January 2015}}

{{Infobox company

| name = GuideWell

| logo =

| image = File:BCBSBldgJacksonville-2010-07-b.JPG

| image_caption = Florida Blue Cross Blue Shield Tower, Jacksonville, Florida

| former_name =

| type = Mutual

| industry = Insurance and Healthcare Solutions

| fate =

| predecessor =

| successor =

| founded = {{Start date and age|1944|04|27}} in Jacksonville, Florida, U.S.

| founder =

| defunct =

| hq_location_city = Jacksonville, Florida

| hq_location_country = U.S.

| area_served =

| key_people = Patrick J. Geraghty (President and CEO)
Thurman Justice (CFO)
Charles Joseph (General Counsel)
Gary Anderson (CIO)

| products = Health Insurance

| revenue = {{Increase}} {{US$|32.4 billion|link=yes}}{{cite web | url=https://www.jaxdailyrecord.com/news/2023/oct/06/guidewell-reaches-30-billion-in-revenue-ice-black-knight-deal-helps-mortgage-ecosystem/ | title=GuideWell reaches $30 billion in revenue; ICE: Black Knight deal helps mortgage 'ecosystem' | Jax Daily Record | date=2023-10-06 }}

| revenue_year = 2024

| net_income = {{Decrease}} {{US$|211 million|link=yes}}{{Cite web|url=https://www.jaxdailyrecord.com/article/jacksonville-based-guidewell-had-dollar19-billion-in-revenue|title=Jacksonville-based GuideWell had $19 billion in revenue|website=www.jaxdailyrecord.com|date=19 July 2019 }}

| net_income_year = 2024

| owner =

| num_employees = ~18,000{{Cite web|url=https://careers.guidewell.com/us/en/our-story|title=Our Story|publisher=GuideWell}}

| num_employees_year = 2023

| parent =

| divisions =

}}

GuideWell, formally GuideWell Mutual Holding Corporation (holding company for Florida Blue), is a mutual insurance holding company primarily focused on health insurance in Florida. It was created in 2013 by a reorganization initiated by Florida Blue, a member company of the Blue Cross Blue Shield Association.{{Cite web|url=https://www.palmbeachpost.com/story/news/2013/08/16/state-approves-florida-blue-reorganization/6814551007/|title=State approves Florida Blue reorganization but bars stock sale|last=Elmore|first=Charles|website=The Palm Beach Post|language=en|access-date=2023-01-03}} By health insurance premiums written, it is 10th largest in providing health insurance in the United States with about $15b in health insurance sales.{{Cite web|url=https://www.treasury.gov/initiatives/fio/reports-and-notices/Documents/2018_FIO_Annual_Report.pdf|title=Annual Report on the Insurance Industry (September 2018)|publisher=FEDERAL INSURANCE OFFICE, U.S. DEPARTMENT OF THE TREASURY}}{{Rp|70}}

History

It originally formed out of Florida Hospital Service Corporation founded in 1944, which became Blue Cross of Florida, and Florida Medical Services Corporation in 1946, which became Blue Shield of Florida.{{Citation needed|date=February 2020}} These merged in 1980 into Blue Cross and Blue Shield of Florida,{{Cite web|url=https://www.bcbsfl.com/DocumentLibrary/AboutOurCompany/BCBSF_FactSheet.pdf|title=BCBSF COMPANY FACTS|publisher=BCBSF}} which was renamed Florida Blue in 2012.{{Cite web|url=https://www.floridablue.com/newsroom/florida-blue-new-name-blue-cross-and-blue-shield-florida-changes-mark-new-era-expanded|title=Florida Blue –New Name of Blue Cross and Blue Shield of Florida Changes mark a new era, expanded focus for Florida's health leader|website=Florida Blue|access-date=2019-06-24}} In 2009, Florida Blue acquired Florida Health Care Plans.https://www.fhcp.com/about-us/ In 2022, GuideWell acquired Triple-S, which operated Blue Cross Blue Shield plans in Puerto Rico.https://www.fiercehealthcare.com/payers/florida-blue-parent-guidewell-closes-acquisition-triple-s-management

Subsidiaries

The holding company controls corporations operating in insurance, health care providers, consumerism, and government.{{Cite web|url=http://www.guidewell.com/our-companies|title=Guidewell {{!}} Our Companies|website=www.guidewell.com|access-date=2019-06-24}}

Subsidiaries include:

  • GuideWell Source - Medicare administrator
  • Novitas Solutions
  • First Coast Service Options
  • WebTPA - third-party administrator
  • Capital Health Plan
  • Florida Health Care Plans

References