CENTENE'S DELAWARE SUBSIDIARY AWARDED STATEWIDE MEDICAID CONTRACT
Centene Corporation announced the intent to award a contract to its subsidiary, Delaware First Health, to manage Medicaid services in Delaware, marking its 30th state in the Medicaid managed care sector. The contract, effective January 1, 2023, includes providing integrated services for physical and behavioral health. With nearly 40 years of Medicaid experience, Centene aims to enhance health outcomes for Delaware residents while focusing on value-based care.
- Awarded a Medicaid contract in Delaware, expanding to 30 managed care states.
- Focus on integrated services for physical and behavioral health improves care delivery.
- Experience in managed care positions Centene to enhance health outcomes effectively.
- None.
Award Marks Centene's 30th Medicaid Managed Care State
ST. LOUIS, July 12, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that its subsidiary Delaware First Health has been notified of an intent to award by the State of Delaware's Department of Health and Social Services (DHSS), Division of Medicaid & Medical Assistance (DMMA), to serve its statewide Medicaid Managed Care programs.
Delaware First Health will be one of three managed care organizations that will provide integrated services for physical health, behavioral health, and long-term services and supports through the new contracts for DMMA's statewide Medicaid Managed Care programs including Diamond State Health Plan and Diamond State Health Plan-Plus (DSHP-Plus).
"We look forward to building on our nearly 40 years of Medicaid experience to improve health outcomes for Delaware residents and provide better value to the state," said Sarah London, CEO of Centene.
Centene is the largest Medicaid managed care company in the U.S. With the award of Delaware, Centene is entering its 30th Medicaid managed care state, delivering hyper-local care while focusing on provider partnerships, value-based care, and, most of all, improving health outcomes for Medicaid recipients.
"It is a privilege to be selected by the state of Delaware to provide local healthcare services and programs that address social determinants of health and remove barriers to care for Medicaid members across the state," said Brent Layton, President and Chief Operating Officer of Centene. "We are excited to work with the state and providers on proven models of value-based care to deliver transformative healthcare and improve the health of Diamond State Health enrollees across the state."
DMMA's statewide Medicaid Managed Care programs Diamond State Health Plan and Diamond State Health Plan-Plus (DSHP-Plus) are expected to commence on January 1, 2023.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and value creation as well as the development of its people, systems, and capabilities so that it can better serve its members, providers, local communities, and government partners.
Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/.
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(Envolve), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we recorded in 2021 and on other acceptable terms, or at all, or whether additional claims, reviews or investigations relating to our PBM business will be brought by states, the federal government or shareholder litigants, or government investigations; timing and extent of benefits from strategic value creation initiatives, including the possibility that these initiatives will not be successful, or will not be realized within the expected time periods; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions; changes in expected closing dates, estimated purchase price and accretion for acquisitions; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. 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SOURCE Centene Corporation
FAQ
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