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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.

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.

News

DELAWARE FIRST HEALTH PARTNERS WITH PYX HEALTH TO TACKLE LONELINESS EPIDEMIC

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Delaware First Health, a subsidiary of Centene Corporation, partners with Pyx Health to offer a social health platform to address loneliness, depression, and anxiety. The Pyx Health program provides an interactive technology platform and human support to detect loneliness and connect users with resources for improved mental and social health. Loneliness, exacerbated by the Covid-19 pandemic, can lead to chronic illnesses, obesity, anxiety, and mortality. The partnership aims to reduce these rates by offering the mobile app to all Delaware First Health members in 2024.
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Sunflower Health Plan, Centene Foundation and KU Endowment Announce $500,000 Grant to the Kansas Nursing Workforce Center

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Sunflower Health Plan, a subsidiary of Centene Corporation, partners with KU Endowment to provide $500,000 grant to Kansas Nursing Workforce Center to address healthcare workforce shortages in Kansas, especially in rural areas.
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California Schools, Health Net & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day

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Health Net, a Medi-Cal managed care health plan and subsidiary of Centene Corporation, supported No One Eats Alone® Day to combat social isolation in middle schools. Over 2,000 schools participated nationwide, emphasizing community building and mental well-being for youth.
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Sunshine Health Offers $200,000 in Grants to 53 Florida Nonprofits

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Sunshine Health, a subsidiary of Centene Corporation (CNC), awards grants to support storm relief and social services in Florida. The grants aim to assist communities impacted by Hurricane Idalia and address food insecurity, housing, and other needs. Sunshine Health provided funds to nonprofit organizations for storm recovery, disaster preparedness, and social/environmental health factors. The grants totaled $800,000, benefiting various organizations across Florida.
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Miami Dolphins and Ambetter from Sunshine Health Tackle Food Insecurity to Serve 500 Meals to South Florida Families

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Ambetter from Sunshine Health, in collaboration with the Miami Dolphins, addresses food insecurity in South Florida by distributing food to local families in need. The initiative aims to reduce social determinants of health like food insecurity, homelessness, and job loss to promote better health outcomes.
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Missouri Schools and Home State Health Create a Culture of Belonging Through National No One Eats Alone® Day

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Home State Health, a Centene Corporation subsidiary, supports No One Eats Alone® Day to promote inclusion in schools, with over 2,000 schools participating nationwide. The event aims to address social isolation among students, highlighting the importance of mental wellbeing.
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Meridian in Michigan and the Centene Foundation Announce $1.1 Million Grant to Wayne Mobile Health Unit

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Meridian in Michigan, a subsidiary of Centene Corporation, partners with Wayne Mobile Health Unit to address maternal and infant health disparities by deploying mobile vans to maternal health equity zones. The $1.1 million funding aims to reduce maternal mortality rates, particularly among Black and Hispanic women in Detroit, by connecting them to OB/GYN specialists for follow-up care. The initiative also includes geospatial analysis to target neighborhoods with health inequities and plans to expand to rural areas. The program focuses on proactive outreach, routine health screenings, and aims to increase attendance at pre- and postnatal appointments by 10-20% in the first year.
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WellCare of North Carolina and Reinvestment Partners Join to Improve the Health of North Carolinians

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WellCare of North Carolina, a subsidiary of Centene Corporation (NYSE: CNC), partners with Reinvestment Partners to launch the Eat Well Program, providing financial assistance to over 1,600 Medicaid members for purchasing fruits and vegetables. The program offers a prepaid credit card worth $80 a month to promote healthier living and food security, with an estimated purchase value of $700,000. This initiative aims to address food insecurity, promote a 'Food as Medicine' approach, and enhance health equity in North Carolina.
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Superior HealthPlan Recognized as a Best Place for Working Parents® in Texas

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Superior HealthPlan, a subsidiary of Centene Corporation (NYSE: CNC), has been named a Best Place for Working Parents® for the fourth consecutive year. The company has implemented various family-friendly policies and benefits, including expanded parental and caregiver leave, workplace flexibility, adoption reimbursement program, and volunteering opportunities. Superior's commitment to supporting working parents and providing quality healthcare to the nearly two million people they serve across Texas is evident in their efforts to create a family-friendly workplace.
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CENTENE CORPORATION REPORTS 2023 RESULTS

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Centene Corporation (NYSE: CNC) announced a 2023 full year diluted EPS of $4.95 and an adjusted diluted EPS of $6.68, up over 15% from 2022. The health benefits ratio was 87.7%, and the company executed $1.6 billion of share repurchases in 2023. Centene completed the final two international divestitures and increased its 2024 premium and service revenues guidance by $2.5 billion. The company's membership, premium and service revenues, and cash flow provided by operations also saw significant changes.
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FAQ

What is the current stock price of Centene Corporation (CNC)?

The current stock price of Centene Corporation (CNC) is $64.58 as of January 24, 2025.

What is the market cap of Centene Corporation (CNC)?

The market cap of Centene Corporation (CNC) is approximately 32.5B.

What services does Centene Corporation provide?

Centene offers a wide range of services including Medicaid, Medicare, specialty services like behavioral health management, dental benefits management, and telehealth services.

Who are Centene Corporation’s primary service recipients?

Centene primarily serves under-insured and uninsured individuals. This includes members enrolled in Medicaid, Medicare Advantage, and individual exchanges.

What recent financial achievements has Centene Corporation reported?

For the first quarter of 2024, Centene reported robust financial performance, with medical claims liabilities totaling $18.1 billion and a strategic growth plan aimed at expanding access to affordable, high-quality healthcare.

How is Centene addressing social issues such as homelessness?

Centene, through its subsidiary Health Net, donated $1.3 million to the We Are LA program to prevent evictions and combat homelessness, helping over 32,000 individuals and families maintain stable housing.

What partnerships has Centene recently formed to improve healthcare accessibility?

Centene partnered with Hazel Health to provide virtual healthcare access to students in Uvalde, Texas, and launched the MHS Serves initiative in Indiana to address health disparities.

How does Centene Corporation support state-sponsored healthcare programs?

Centene supports various state-sponsored healthcare programs, including Medicaid, CHIP, ABD, foster care, and LTC, ensuring comprehensive coverage for under-insured and uninsured populations.

What is the significance of Centene’s MHS Serves program?

The MHS Serves program is a $12 million initiative focused on health equity, aiming to reduce health disparities by supporting community-based programs and resources across Indiana.

How many medical members does Centene serve?

As of June 2023, Centene served approximately 24 million medical members, with a majority being part of Medicaid, individual exchanges, and Medicare Advantage plans.

What are some of the specialty services provided by Centene?

Centene provides specialty services such as behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, and telehealth services.

How does Centene ensure a local approach in its services?

Centene operates local health plans and teams to provide fully integrated, high-quality, and cost-effective services tailored to the specific needs of various communities.
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Centene Corporation

NYSE:CNC

CNC Rankings

#382 Ranked by Market Cap
N/A Ranked by Dividends

CNC Stock Data

32.53B
503.47M
0.26%
99.62%
3.81%
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