GuideWell explained

GuideWell
Type:Mutual
Industry:Insurance and Healthcare Solutions
Predecessors:-->
Successors:-->
Founded: in Jacksonville, Florida, U.S.
Founders:-->
Hq Location City:Jacksonville, Florida
Hq Location Country:U.S.
Areas Served:-->
Key People:Patrick J. Geraghty (President and CEO)
Thurman Justice (CFO)
Charles Joseph (General Counsel)
Gary Anderson (CIO)
Products:Health Insurance
Revenue: [1]
Revenue Year:2022
Net Income: [2]
Net Income Year:2018
Owners:-->
Num Employees:~18,000[3]
Num Employees Year:2023

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.[4] By health insurance premiums written, it is 10th largest in providing health insurance in the United States with about $15b in health insurance sales.[5]

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. These merged in 1980 into Blue Cross and Blue Shield of Florida,[6] which was renamed Florida Blue in 2012.[7] In 2009, Florida Blue acquired Florida Health Care Plans.[8] In 2022, GuideWell acquired Triple-S, which operated Blue Cross Blue Shield plans in Puerto Rico.[9]

Subsidiaries

The holding company controls corporations operating in insurance, health care providers, consumerism, and government.[10]

Subsidiaries include:

Notes and References

  1. Web site: GuideWell reaches $30 billion in revenue; ICE: Black Knight deal helps mortgage 'ecosystem' | Jax Daily Record . 2023-10-06 .
  2. Web site: Jacksonville-based GuideWell had $19 billion in revenue. www.jaxdailyrecord.com. 19 July 2019 .
  3. Web site: Our Story. GuideWell.
  4. Web site: State approves Florida Blue reorganization but bars stock sale. Elmore. Charles. The Palm Beach Post. en. 2023-01-03.
  5. Web site: Annual Report on the Insurance Industry (September 2018). FEDERAL INSURANCE OFFICE, U.S. DEPARTMENT OF THE TREASURY.
  6. Web site: BCBSF COMPANY FACTS. BCBSF.
  7. Web site: Florida Blue –New Name of Blue Cross and Blue Shield of Florida Changes mark a new era, expanded focus for Florida's health leader. Florida Blue. 2019-06-24.
  8. https://www.fhcp.com/about-us/
  9. https://www.fiercehealthcare.com/payers/florida-blue-parent-guidewell-closes-acquisition-triple-s-management
  10. Web site: Guidewell Our Companies. www.guidewell.com. 2019-06-24.