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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.
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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