JACKSONVILLE, Fla., June 19, 2020 /PRNewswire/ -- GuideWell Mutual Holding Corporation (GuideWell), the parent to a family of forward-thinking companies focused on transforming health care; Florida Blue, the state's leading health insurer; and Florida Blue Foundation, the philanthropic arm of Florida Blue, today announced $25 million in investments over five years to organizations focused on diversity and inclusion and health equity in the communities the organizations serve. The commitment coincided with the launch of the company's Equity Alliance, an initiative focused on addressing systemic racism and resulting health disparities for Black Americans.
The new financial commitment builds upon the organizations' existing contributions and programs to support economic, social and health causes in their communities. In 2019, the enterprise donated more than $1.2 million in grants to more than 80 Black and community development organizations.
"We are at a turning point in the historical fight for equal justice, opportunity and better health care for Black people," said Pat Geraghty, president and CEO of GuideWell and Florida Blue. "We cannot fulfill our mission of helping people and communities achieve better health without doing the urgent and necessary work to end systemic racism. Equity Alliance represents our long-term commitment and responsibility to accelerate support of our Black employees, members and communities. We have a long history of standing up for social and racial equality, but we need to do more. Our strength lies in our diversity and ability to solve problems together. We will make financial and operational investments to foster unity and an equal playing field and create a meaningful and lasting impact in the communities we serve."
Equity Alliance will be led by a task force of internal stakeholders and outside advisors and work in conjunction with ASPIRE, the company's employee affinity group for people of color, to develop and implement efforts to combat systemic racism and improve health care outcomes in underprivileged communities. Initial efforts include:
GuideWell Mutual Holding Corporation (GuideWell) is a not-for-profit mutual holding company and the parent to a family of forward-thinking companies focused on transforming health care. The GuideWell organization includes the leading health insurance company in Florida; a portfolio of clinical delivery organizations; a health care consumer marketing, sales and engagement company; a provider of administrative services to state and federal health care programs; and a leader in risk adjustment and population care management. The GuideWell enterprise serves 27 million people in 35 states and is headquartered in Jacksonville, Fla. For more information, visit www.guidewell.com.
SOURCE GuideWell; Florida Blue; Florida Blue Foundation