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Centene Corporation (NYSE: CNC), a Fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government-sponsored healthcare programs. The company focuses on under-insured and uninsured individuals, offering benefits under Medicaid, including the State Children's Health Insurance Program (CHIP), aged, blind or disabled (ABD), foster care, long-term care (LTC), and other state-sponsored/hybrid programs as well as Medicare (special needs plans).
Centene operates local health plans and offers an array of health insurance solutions. It contracts with other healthcare and commercial organizations to deliver 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. As of June 2023, Centene served approximately 24 million medical members, with a significant portion enrolled in Medicaid (67%), individual exchanges (14%), and Medicare Advantage (6%) plans.
Recently, Centene has been recognized for its contributions in tackling social issues. For instance, on April 8, 2024, Health Net, a Centene subsidiary, contributed $1.3 million to the Mayor's Fund for Los Angeles' We Are LA program, which aims to prevent evictions and combat homelessness. The program has served over 32,000 individuals and families, helping them avoid eviction and maintain stable housing. Moreover, Centene's financial results for the first quarter of 2024 highlighted the company's robust performance, with medical claims liabilities totaling $18.1 billion and a strategic plan for growth focused on increasing access to affordable, high-quality healthcare.
Furthermore, Centene has entered into significant partnerships to improve healthcare accessibility. For example, in Uvalde, Texas, Centene's subsidiary Superior HealthPlan invested $250,000 to allow students access to virtual healthcare through Hazel Health until the 2028–2029 school year. The company has also initiated the MHS Serves program in Indiana, a $12 million health equity initiative aimed at reducing health disparities.
Centene continues to innovate and expand its healthcare solutions, ensuring that under-insured and uninsured individuals receive comprehensive healthcare services. The company's latest strategic moves and partnerships underscore its commitment to transforming healthcare delivery and improving health outcomes for millions of Americans.
Cityblock and Sunshine Health have announced a partnership to deliver comprehensive care to Medicaid members in 11 Central Florida counties starting May 1, 2024. The partnership aims to provide 24/7 access to care via virtual, at-home, or clinic visits, offering primary care and care coordination services to high-need Medicaid members. This initiative is intended to enhance overall health outcomes and minimize unnecessary emergency visits and inpatient admissions. Cityblock's CEO, Dr. Toyin Ajayi, expressed excitement over expanding operations with Sunshine Health, a subsidiary of Centene (NYSE: CNC). Sunshine Health's CEO, Nathan Landsbaum, emphasized the focus on whole-person health and quality care for Floridians.
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.
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.
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.
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.
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.
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.
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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