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Intellectia

ELV News

Elevance Health Shares Rise as CMS Delays Sanctions

1d agoseekingalpha

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ELV Events

05/29 14:00
CMS Notifies Elevance Health Completed Step 2 of Corrective Action Plan
The Centers for Medicare & Medicaid Services notified Elevance Health that the company has completed Step 2 of its corrective action plan related to potential Medicare Advantage enrollment sanctions. In a letter dated May 29, CMS said it received Elevance's attestation confirming the company has submitted required data through the Risk Adjustment Processing System, Encounter Data Processing System, and the Risk Adjustment Overpayment Reporting module; remitted a wire transfer covering all auditable overpayment estimates, and uploaded supporting documentation, including overpayment IDs and estimates, to the Health Plan Management System's Compliance Activity Module. Based on the attestation, CMS said it will not impose intermediate sanctions at this time. However, the agency outlined two upcoming deadlines, namely June 30, when Elevance must complete Steps 3 and 4 of the corrective action plan to avoid sanctions taking effect July 1; and July 31 for the remaining Step 2 tasks - including resolving RAPS/EDPS errors, addressing issues identified during CMS technical assistance, and submitting a second attestation - must be completed to avoid sanctions effective August 1. CMS added that any unresolved items after these dates would trigger intermediate sanctions.

ELV Monitor News

Elevance Health Inc. reaches 20-day high amid market weakness

May 12 2026

Elevance Health Stock Rises Amid Health Insurance Sector Rally

Apr 29 2026

Elevance Health Exceeds Q1 2026 Earnings Expectations

Apr 27 2026

Elevance Health Exceeds Q1 2026 Earnings Expectations

Apr 23 2026

Elevance Health Exceeds Q1 2026 Earnings Expectations

Apr 22 2026

Elevance Health Faces Legal Challenges Amid Market Gains

Apr 21 2026

Elevance Health Rises Following Medicare Advantage Payment Increase

Apr 07 2026

Elevance Health Faces Regulatory Scrutiny and Stock Decline

Mar 09 2026

ELV Earnings Analysis

Elevance Health Q3 2025 Earnings: Growth & Strategic Focus- Intellectia AI™
7 months ago
Elevating Healthcare Solutions - Intellectia AI™
1 years ago
Elevance Health Reports Third Quarter Financial Results
1 years ago

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