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GuideWell

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GuideWell
Company typeMutual
IndustryInsurance and Healthcare Solutions
FoundedApril 27, 1944; 80 years ago (1944-04-27) in Jacksonville, Florida, U.S.
Headquarters,
U.S.
Key people
Patrick J. Geraghty (President and CEO)
Thurman Justice (CFO)
Charles Joseph (General Counsel)
Gary Anderson (CIO)
ProductsHealth Insurance
RevenueIncrease US$30 billion[1] (2022)
Increase US$1 billion[2] (2018)
Number of employees
~18,000[3] (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]: 70 

History

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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] 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

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

Subsidiaries include:

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

References

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  1. ^ "GuideWell reaches $30 billion in revenue; ICE: Black Knight deal helps mortgage 'ecosystem' | Jax Daily Record". 2023-10-06.
  2. ^ "Jacksonville-based GuideWell had $19 billion in revenue". www.jaxdailyrecord.com. 19 July 2019.
  3. ^ "Our Story". GuideWell.
  4. ^ Elmore, Charles. "State approves Florida Blue reorganization but bars stock sale". The Palm Beach Post. Retrieved 2023-01-03.
  5. ^ "Annual Report on the Insurance Industry (September 2018)" (PDF). FEDERAL INSURANCE OFFICE, U.S. DEPARTMENT OF THE TREASURY.
  6. ^ "BCBSF COMPANY FACTS" (PDF). BCBSF.
  7. ^ "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. Retrieved 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. ^ "Guidewell | Our Companies". www.guidewell.com. Retrieved 2019-06-24.