Anthem Blue Cross and Blue Shield SWOT Analysis, USP & Competitors

Posted in Pharmaceuticals and Healthcare, Total Reads: 483
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SWOT Analysis of Anthem Blue Cross and Blue Shield with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Anthem Blue Cross and Blue Shield

Parent Company

Anthem Inc.

Category

Managed healthcare

Sector

Healthcare

Tagline/ Slogan

Together, we are transforming health care with trusted and caring solutions

USP

Focus on day-to-day execution and capitalizes on new opportunities to drive growth

STP

Segment

Health insurance

Target Group

Families and businesses

Positioning

Health and specialty programs customized for each customer segments

SWOT Analysis

Strengths

1. Brand value of Anthem Inc. and Wellpoint health networks Inc. brought together
2. Diverse and broad portfolio of integrated health care plans and related services
3. Rapid expansion in last decade through merger and acquisition
4. Highly satisfied customers, positively reviewed and well rated

Weaknesses

1. Has been in news for controversies especially in 2009 and 2010
2. Low interest rate scenario in the US hurts the profitability of insurers in the US
3. Unable to secure customer data from hackers, 37.5 million records were recently stolen from database
4. Since 2013 dip in insurance penetration i.e. insurance premiums as a percentage of GDP

Opportunities

1. Further expansion by acquisitions to ensure complete range of managed healthcare services
2. Banking upon market leadership in US to expand into new markets
3. More product offering and services and trying to attain first mover advantage in certain segments

Threats

1. Brand equity may be adversely affected by multiple controversies
2. Highly competitive market makes maintaining market share a major challenge
3. Threat of data breach may lead to apprehension in mind of consumers

Competition

Competitors

1. HealthSpring
2. Centene Corporation
3. Atena



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