CENTENE SUBSIDIARY HEALTH NET SELECTED FOR CALIFORNIA MEDICAID DENTAL AWARD IN LOS ANGELES AND SACRAMENTO COUNTIES
Centene announced that its subsidiary, Health Net Community Solutions, has been selected by the California Department of Health Care Services to provide managed dental health care services to Medi-Cal beneficiaries in Los Angeles and Sacramento counties. The new 54-month contract is set to begin on July 1, 2025.
Health Net currently serves nearly 385,000 members in these counties with over 1,000 dental providers. The company serves a total of nearly 2.2 million Californians, including more than 1.5 million Medi-Cal members. Health Net is one of three managed care organizations chosen to provide dental services through Medi-Cal and is the only plan in Los Angeles and Sacramento counties offering both medical and dental coverage.
Centene ha annunciato che la sua filiale, Health Net Community Solutions, è stata selezionata dal Dipartimento dei Servizi Sanitari della California per fornire servizi di assistenza sanitaria dentale gestita ai beneficiari Medi-Cal nei contee di Los Angeles e Sacramento. Il nuovo contratto di 54 mesi inizierà il 1 luglio 2025.
Health Net attualmente serve quasi 385.000 membri in queste contee con oltre 1.000 fornitori dentali. L'azienda serve un totale di quasi 2,2 milioni di californiani, inclusi oltre 1,5 milioni di membri Medi-Cal. Health Net è una delle tre organizzazioni di assistenza gestita scelte per fornire servizi dentali attraverso Medi-Cal ed è l'unico piano nelle contee di Los Angeles e Sacramento a offrire sia copertura medica che dentale.
Centene anunció que su filial, Health Net Community Solutions, ha sido seleccionada por el Departamento de Servicios de Salud de California para proporcionar servicios de atención dental gestionada a los beneficiarios de Medi-Cal en los condados de Los Ángeles y Sacramento. El nuevo contrato de 54 meses comenzará el 1 de julio de 2025.
Health Net actualmente atiende a casi 385,000 miembros en estos condados con más de 1,000 proveedores dentales. La empresa atiende a un total de casi 2.2 millones de californianos, incluidos más de 1.5 millones de miembros de Medi-Cal. Health Net es una de las tres organizaciones de atención gestionada elegidas para proporcionar servicios dentales a través de Medi-Cal y es el único plan en los condados de Los Ángeles y Sacramento que ofrece cobertura tanto médica como dental.
Centene은 자회사가 Health Net Community Solutions가 캘리포니아 건강 관리 서비스 국으로부터 Medi-Cal 수혜자에게 로스앤젤레스와 새크라멘토 카운티에서 관리 치과 건강 관리 서비스를 제공하도록 선정되었다고 발표했습니다. 새로운 54개월 계약은 2025년 7월 1일에 시작될 예정입니다.
현재 Health Net은 이 카운티에서 385,000명의 회원을, 1,000명 이상의 치과 제공자와 함께 서비스하고 있습니다. 이 회사는 2.2백만 명의 캘리포니아 주민을 서비스하며, 그중 150만 이상의 Medi-Cal 회원을 포함합니다. Health Net은 Medi-Cal을 통해 치과 서비스를 제공하기 위해 선택된 세 개의 관리 의료 조직 중 하나이며, 로스앤젤레스와 새크라멘토 카운티에서 의료 및 치과 보장을 모두 제공하는 유일한 계획입니다.
Centene a annoncé que sa filiale, Health Net Community Solutions, a été sélectionnée par le Département des Services de Santé de Californie pour fournir des services de soins dentaires gérés aux bénéficiaires de Medi-Cal dans les comtés de Los Angeles et Sacramento. Le nouveau contrat de 54 mois doit commencer le 1er juillet 2025.
Health Net sert actuellement près de 385.000 membres dans ces comtés avec plus de 1.000 prestataires dentaires. L'entreprise aide au total près de 2,2 millions de Californiens, dont plus de 1,5 million de membres Medi-Cal. Health Net est l'une des trois organisations de soins gérés choisies pour fournir des services dentaires via Medi-Cal et est le seul plan dans les comtés de Los Angeles et Sacramento à offrir à la fois une couverture médicale et dentaire.
Centene gab bekannt, dass ihre Tochtergesellschaft, Health Net Community Solutions, vom kalifornischen Gesundheitsdienst ausgewählt wurde, um verwaltete Zahnbehandlungsdienste für Medi-Cal Begünstigte in den Landkreisen Los Angeles und Sacramento bereitzustellen. Der neue 54-monatige Vertrag soll am 1. Juli 2025 beginnen.
Health Net betreut derzeit fast 385.000 Mitglieder in diesen Landkreisen mit über 1.000 zahnärztlichen Anbietern. Das Unternehmen bedient insgesamt nahezu 2,2 Millionen Kalifornier, darunter mehr als 1,5 Millionen Medi-Cal-Mitglieder. Health Net ist eine von drei ausgewählten Managed-Care-Organisationen, die Zahnbehandlungen über Medi-Cal anbieten, und ist der einzige Plan in den Landkreisen Los Angeles und Sacramento, der sowohl medizinische als auch zahnärztliche Leistungen anbietet.
- Secured a new 54-month contract for dental services in Los Angeles and Sacramento counties
- Health Net serves nearly 385,000 dental members in the awarded counties
- Health Net is the only Medi-Cal plan in the awarded counties offering both medical and dental coverage
- Total service to 2.2 million Californians, including 1.5 million Medi-Cal members
- None.
Insights
This contract renewal for Health Net, a Centene subsidiary, is a significant development for the company's position in California's Medicaid market. The 54-month contract, starting July 1, 2025, solidifies Centene's presence in two major counties: Los Angeles and Sacramento. With nearly 385,000 dental members and a network of over 1,000 providers, this represents a substantial revenue stream.
The award positions Health Net as one of only three managed care organizations selected for Medi-Cal dental services, potentially increasing its market share. Moreover, being the sole provider offering both medical and dental coverage in these counties gives Centene a competitive advantage in attracting and retaining Medi-Cal beneficiaries.
While specific financial figures aren't provided, the renewal likely ensures a steady, long-term revenue source for Centene, contributing to its overall financial stability. Investors should view this positively, as it demonstrates the company's ability to maintain and potentially grow its government contracts portfolio.
This contract award aligns with the broader trend of integrated care models in Medicaid programs. Health Net's "whole-person model" that addresses social determinants of health is particularly noteworthy, as it reflects a growing focus on comprehensive care approaches in public health policy.
The selection of Health Net for both medical and dental services in Los Angeles and Sacramento counties indicates a shift towards more coordinated care delivery. This approach can potentially lead to better health outcomes and cost efficiencies, which are key objectives for state Medicaid programs.
For investors, this trend suggests that companies like Centene, which can offer integrated services, may have a competitive edge in future Medicaid contracts. The emphasis on reducing health disparities and improving access to care also aligns with evolving healthcare policies, positioning Centene favorably for future opportunities in the Medicaid managed care space.
With over 1,000 dental providers, Health Net delivers comprehensive dental care to nearly 385,000 members in
"Centene appreciates our long and successful partnership with the state of
Health Net is currently the only Medi-Cal plan in
"Health Net is honored to have been selected to continue our partnership with the
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 and the TRICARE program. The Company also 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, http://investors.centene.com/.
About Health Net
Founded in California more than 40 years ago, Health Net believes that every person deserves a safety net for their health, regardless of age, income, employment status or current state of health. Today, we provide health plans for individuals, families, businesses of every size and people who qualify for Medi-Cal or Medicare. Together with our 90,000 network providers, Health Net serves nearly 2.2 million members across the state. We also offer access to substance abuse programs, behavioral health services, employee assistance programs and managed health care products related to prescription drugs. We make these health plans and services available through Health Net, LLC and its subsidiaries: Health Net Life Insurance Company and Health Net Community Solutions, Inc. These entities are wholly owned subsidiaries of Centene Corporation, a leading healthcare enterprise committed to helping people live healthier lives. Health Net and Centene employ more than 6,300 people in California who work at one of five regional Talent Hub offices. For more information, visit www.HealthNet.com.
Forward-Looking Statements
All statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Centene Corporation and its subsidiaries (Centene, the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. In particular, these statements include, without limitation, statements about our expected contract start dates and terms, future operating or financial performance, market opportunity, competition, expected activities in connection with completed and future acquisitions and dispositions, our investments and the adequacy of our available cash resources. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. All forward-looking statements included in this press release are based on information available to us on the date hereof. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to: our ability to design and price products that are competitive and/or actuarially sound including but not limited to any impacts resulting from Medicaid redeterminations; 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; our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates; competition, including for providers, broker distribution networks, contract reprocurements and organic growth; our ability to adequately anticipate demand and provide for operational resources to maintain service level requirements; our ability to manage our information systems effectively; disruption, unexpected costs, or similar risks from business transactions, including acquisitions, divestitures, and changes in our relationships with third parties; impairments to real estate, investments, goodwill, and intangible assets; changes in senior management, loss of one or more key personnel or an inability to attract, hire, integrate and retain skilled personnel; membership and revenue declines or unexpected trends; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; inflation and interest rates; the effect of social, economic, and political conditions and geopolitical events, including as a result of changes in
View original content to download multimedia:https://www.prnewswire.com/news-releases/centene-subsidiary-health-net-selected-for-california-medicaid-dental-award-in-los-angeles-and-sacramento-counties-302255972.html
SOURCE Centene Corporation
FAQ
What new contract did Centene's subsidiary Health Net win in California?
How many dental providers does Health Net (CNC) have in the awarded California counties?
When will Centene's (CNC) new Medi-Cal dental contract in California begin?
How many Medi-Cal members does Health Net (CNC) currently serve in California?
