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Centene Corporation - $CNC STOCK NEWS

Welcome to our dedicated page for Centene Corporation news (Ticker: $CNC), a resource for investors and traders seeking the latest updates and insights on Centene Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Centene Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Centene Corporation's position in the market.

Rhea-AI Summary

Centene (NYSE: CNC) has been named one of the Top 50 Companies for Diversity by Fair360 for the fourth consecutive year. This year, Centene ranked No. 26, an improvement from No. 37 last year. The company also secured top spots in three specialty categories: No. 7 for Talent Acquisition for Women of Color, No. 9 for Executive Women, and No. 18 for People with Disabilities. This recognition reflects Centene's ongoing commitment to diversity, equity, and inclusion (DEI), reinforced by their recent Sustainability & DEI Report. Additionally, Centene received accolades from Forbes, Newsweek, and Bloomberg for their efforts in diversity and gender equality.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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Rhea-AI Summary

Oklahoma Complete Health, part of Centene (NYSE: CNC), urges SoonerSelect members to complete the My Health Screening form to maximize their healthcare benefits. Since launching on April 1, 2024, the organization has reached out to all new members to ensure access to quality healthcare services. The screening form helps members work with care managers to identify necessary services and connect to community resources. As of now, Oklahoma Complete Health has provided over 4,200 rides through their transportation benefit. Members also receive $10 in My Health Pays rewards for completing the form.

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1.59%
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Rhea-AI Summary

Centene announced that its subsidiary, Sunflower Health Plan, has been selected by the Kansas Department of Administration to continue providing managed healthcare services through KanCare, Kansas' Medicaid and CHIP program. The new three-year contract begins January 1, 2025, with potential for two additional 12-month extensions. Sunflower currently serves over 141,000 Kansans, including 7,900 LTSS members. This award places Sunflower among three Medicaid managed care organizations chosen. Centene affiliates service over 13 million Medicaid members across 31 states, making it a leader in Medicaid, CHIP, and LTSS programs.

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-0.36%
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Managed Health Services (MHS), a subsidiary of Centene (NYSE: CNC), has launched MHS Serves, a $12 million health equity program in Indiana. Over six years, the program will invest a minimum of $2 million annually to support health equity-focused initiatives. Key partners include Indiana Minority Health Coalition (IMHC) and Black Onyx Management. The first partnership, Broadband Access Strategic Partnership, aims to enhance internet and technology adoption in underserved communities, increasing the number of Broadband Ready Communities. Applications for funding open on May 14, 2024, and close on June 21, 2024. MHS Serves will work with various stakeholders to identify health disparities and support community-based solutions.

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-0.36%
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Uvalde Consolidated Independent School District (UCISD) partners with Hazel Health and Superior HealthPlan to provide virtual healthcare services to all students through 2028-2029. The $250,000 investment from Superior allows students access to high-quality care at no cost, removing health barriers to learning. Hazel Health's culturally humble approach matches students with providers who reflect their community. The partnership aims to promote student well-being and academic success, with proven clinical improvements.

Rhea-AI Impact
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-0.07%
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Meridian in Michigan, a Centene subsidiary, and the Centene Foundation announced a $1.1 million grant to the Neighborhood Service Organization in Detroit. The grant supports the Medical Respite program for Detroit's homeless, focusing on healthcare and housing stability.

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1.01%
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Wellcare, the Medicare business of Centene , and Wellvana have announced a partnership to expand patient-centered primary care for Wellcare Medicare Advantage members in Georgia, Tennessee, and Texas. The collaboration aims to improve clinical outcomes and provides affordable healthcare to thousands of members. Wellvana's value-based care model, supported by high-performing primary care providers, will enhance the quality of care and health of the members served.

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Rhea-AI Sentiment
End-of-Day
2.88%
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partnership
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Rhea-AI Summary
Centene reported strong first-quarter 2024 results with increased adjusted diluted EPS, premium and service revenues, and membership growth. The company raised its 2024 full-year guidance, showcasing positive momentum in its core businesses. Centene also announced various new contracts and community engagement initiatives. The company's financials and operational updates reflect a robust performance in the healthcare sector.
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-2.22%
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Mahmee collaborates with Health Net, a Centene subsidiary, to offer maternal healthcare services to over 25,000 Californians. The Mahmee Membership provides comprehensive maternity support, including doula services, lactation consultants, mental health coaches, and nutrition coaches. The program aims to reduce medical interventions, cesarean sections, and preterm births while addressing health disparities in maternal care, particularly for Black mothers.
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-0.84%
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Centene 's subsidiary, Meridian in Michigan, secures a Medicaid health plan contract to serve nearly 2 million Michiganders until 2029, emphasizing quality care and community partnerships.
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-0.63%
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Centene Corporation

NYSE:CNC

CNC Rankings

CNC Stock Data

41.66B
532.40M
0.3%
98.09%
1.53%
Direct Health and Medical Insurance Carriers
Finance and Insurance
Link
United States of America
ST LOUIS

About CNC

centene corporation, a fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. many receive benefits provided under medicaid, including the state children's health insurance program (chip), as well as aged, blind or disabled (abd), foster care and long term care (ltc), in addition to other state-sponsored/hybrid programs, and medicare (special needs plans). the company operates local health plans and offers a range of health insurance solutions. it also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.