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Centene Corporation reports news on its government-sponsored managed care business, including Medicaid, Medicare, individual exchange coverage and Medicare Part D plans. Company updates commonly cover quarterly results, EPS guidance, membership by line of business and health-plan subsidiary activity across state markets.
Centene news also includes initiatives from the Centene Foundation and operating companies such as Health Net, Superior HealthPlan, Home State Health, Sunshine Health, Buckeye Health Plan, Carolina Complete Health and WellCare of Kentucky. Recurring themes include affordable housing, medically tailored meals, provider accessibility, workforce development, community health, social services and programs that address drivers of health for managed care members.
Meridian Health Plan of Illinois, a Centene (NYSE: CNC) company, has announced a partnership with farmers markets across central and southern Illinois to combat food insecurity in 2025. The initiative offers vouchers for fresh produce purchases, with Meridian members receiving $15 in vouchers and non-members receiving $10 per market visit.
The program includes a SNAP/Link benefit doubling feature, where $25 in SNAP benefits converts to $50 for fresh produce purchases. Building on their successful 2024 pilot at Carbondale, which distributed 540 vouchers worth over $3,750 to 321 attendees, the program will expand to multiple locations including Carbondale, Champaign, Murphysboro, Marion, Anna-Jonesboro, and East St. Louis between May and September 2025.
Delaware First Health (DFH) and the Centene Foundation have announced a grant program targeting social drivers of health in Delaware. The initiative will distribute $500,000 in grants over three years, with individual grants starting at $10,000. Applications are open to Delaware-based 501c3 organizations serving the Medicaid population, with submissions accepted through June 13, 2025.
The program prioritizes projects addressing housing instability and transportation accessibility, though applications targeting other social health drivers will be considered. Organizations must demonstrate measurable outcomes and impact over time. Award announcements are scheduled for July 2025.
National Veterinary Associates (NVA) has announced key board appointments ahead of its planned IPO, naming Ken Burdick as Executive Chairman and Dr. Mike McFarland as Director. Burdick brings over 40 years of healthcare experience and currently serves as Executive Chairman at LifeStance Health (NASDAQ: LFST). He previously led WellCare Health Plans as CEO, delivering strong performance in revenue and profit margins before its acquisition by Centene Corporation.
Dr. McFarland contributes more than 40 years of veterinary healthcare expertise, including 11 years in senior leadership at Zoetis, Inc. and previous roles at Pfizer Animal Health. Greg Hartmann will remain on the board as a director, maintaining his investment in the company.
Oklahoma Complete Health, a subsidiary of Centene Corporation (NYSE: CNC), has announced enhanced benefits for SoonerSelect members starting in 2025. Key new benefits include a $30 monthly Diaper Club for infants and expanded prescription limits for essential medicines. Upgraded benefits feature individual $30 quarterly over-the-counter allowances and improved transportation services allowing up to 4 family members per medical appointment, plus 15 rides for essential errands.
The company's first-year achievements include completing 11,651 referrals for social health needs, helping 2,500 members access Food Rx benefits, facilitating 20,684 YMCA visits, and distributing $2.1M in reward dollars for healthy activities.
Centene (NYSE: CNC) reported strong Q1 2025 financial results with adjusted diluted EPS of $2.90, up 28% from $2.26 in Q1 2024. The company achieved 17% year-over-year premium and service revenue growth to $42.5 billion, driven by significant membership increases in Marketplace (29%) and Medicare PDP (22%).
Key metrics include a health benefits ratio of 87.5% and an SG&A expense ratio of 7.9%. Total cash flow from operations was $1.5 billion. The company increased its 2025 premium and service revenues guidance by $6.0 billion to $164.0-166.0 billion, reflecting strong Marketplace enrollment and Medicare Advantage retention.
Notable developments include contract wins in Nevada for Medicaid managed care and Marketplace public option, and in Illinois for dual-eligible services. The company maintains its 2025 adjusted diluted EPS guidance floor of greater than $7.25.
Health Net, a Centene company, has partnered with Dignity Health and Vivant Health to enhance care coordination for Medi-Cal members in Sacramento County hospitals. The collaboration, featuring embedded Vivant Health nurses in Dignity Health facilities, has shown significant results in its first year:
- Prevented over 400 unnecessary hospital inpatient days
- Increased post-discharge follow-up appointments from 76% to 96%
The initiative aligns with California's CalAIM program, focusing on holistic care including mental health, substance use treatment, and social needs like housing. The partnership operates at Mercy San Juan Medical Center and Methodist Hospital of Sacramento, connecting discharged patients with appropriate outpatient services.
Health Net, a Medi-Cal managed care health plan and subsidiary of Centene (NYSE: CNC), has announced a $3.5 million grant to MLK Community Medical Group to expand healthcare services in Los Angeles. The funding will support the hiring of key clinical staff through 2027, including two primary care physicians, one OB/GYN, one bilingual psychologist, and two certified nurse midwives.
The initiative aims to address the growing demand for healthcare services and clinical staff shortages in the region, ensuring more timely access to care. This grant is part of Health Net's broader workforce development commitment, following a recent $9 million investment to expand California's physician pipeline from education through practice.
Health Net and the Centene Foundation (NYSE: CNC) have pledged an additional $750,000 for wildfire recovery efforts in Los Angeles County, bringing their total contribution to $1 million following the Eaton Fire devastation. The funds will support local nonprofits focusing on housing assistance, mental health, healthcare services, and infrastructure rebuilding.
Health Net is organizing a stakeholder meeting with public health departments, community organizations, and healthcare providers to assess community needs and rebuild healthcare infrastructure. The convening, co-hosted with HealthBegins, California Community Foundation, Pasadena Community Foundation, and GRACE, will address four key areas: respiratory health, mental health, children and youth, and housing.
This initiative follows Health Net's recent $9 million investment to strengthen California's physician workforce, aimed at creating medical career pathways and supporting professional development.
Centene (NYSE: CNC) announced that its Nevada subsidiary, SilverSummit Healthplan, has been awarded a five-year Medicaid managed care contract by the Nevada Department of Health and Human Services, starting January 1, 2026, with a possible two-year extension.
The contract marks a significant expansion of Medicaid Managed Care into rural and frontier service areas that were previously fee-for-service. SilverSummit, serving Nevada since 2017 with over 100,000 members, will provide comprehensive services including primary care, telehealth, pharmacy, maternal and behavioral health services.
Additionally, Ambetter from SilverSummit HealthPlan was selected as one of three providers for Nevada's marketplace public option, the Battle Born State Plan (BBSP). This five-year contract, also beginning January 1, 2026, with a potential two-year extension, is expected to serve 16,000 individuals in its first year.