Independence Health Group

Independence Health Group, a Philadelphia, Pennsylvania-based health insurance provider, offers managed care and traditional indemnity plans through its subsidiary, Independence Blue Cross. The organization serves seven million members nationwide, with particular strength in the Philadelphia region, supported by a network of nearly 180 area hospitals and over 60,000 physicians. Employing more than 10,000 people, the parent company posted a $239 million loss for 2024, citing increased care and drug costs. Gregory Deavens leads Independence Health Group as CEO, with Ken DeFurio serving as President and CEO of Independence Blue Cross and Thomas Albanesi Jr. as CFO. The Independence Blue Cross Foundation has also awarded over $85 million in grants to support nonprofits and research. Founded in 1938 as the Associated Hospital Service of Philadelphia, it established the region's first prepaid hospitalization plan.