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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

Health Net Providing Special Assistance to Members Affected by Severe Winter Storms Throughout California

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Health Net, a Medi-Cal managed care health plan and subsidiary of Centene Corporation, is providing special assistance to members affected by the severe winter storms in several California counties. This includes emergency prescription medications, coping support, and access to telehealth services. Healthcare providers are also offered guidelines and approvals for out-of-network treatments if necessary.
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Sunflower Health Plan and Centene Foundation Announce $390,000 Grant to LADD Smart Living

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Sunflower Health Plan and Centene Foundation announced a $390,000 grant to Living Arrangements for the Developmentally Disabled to bring the Smart Living Model to Kansans with intellectual and developmental disabilities. The partnership aims to offer technology and support to give members with IDD more options for living in the most integrated setting possible, in a community of their choice. The Smart Living Model enables participants to safely have more control over how they live through intentional design, smart technology, and an innovative staffing model. The partnership will involve initial collaborative efforts with Johnson County Developmental Supports and Cottonwood, Inc., to oversee the implementation through their residential services.
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Oklahoma Complete Health SoonerSelect Open Enrollment Begins Feb. 1

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Oklahoma Complete Health, a subsidiary of Centene Corporation, has announced the Open Enrollment for eligible SoonerCare members from Feb. 1 – March 10, 2024. The plans include telehealth services, rewards for healthy living, programs for new parents, enhanced vision coverage, and access to a broad network of healthcare providers. The organization aims to improve health outcomes for Oklahomans and deliver improved member satisfaction. Members are encouraged to update their contact information on the official website.
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CENTENE NAMED TO FORTUNE® 2024 LIST OF THE WORLD'S MOST ADMIRED COMPANIES™

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Centene Corporation (CNC) has been recognized by Fortune magazine as one of the World's Most Admired Companies for the sixth consecutive year. This recognition is based on rankings by industry peers and highlights Centene's commitment to delivering access to high-quality care for members across its Medicaid, Medicare, and Marketplace businesses. The company has expanded its focus on addressing social determinants of health and has introduced innovative programs and services to serve its local communities.
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Health Net Awards $2 Million to Support 47 California Independent Physician Practices, Complementing Initiative from Department of Health Care Services

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Health Net, a Medi-Cal managed care health plan, announced $2 million in grants to 47 independent physician practices throughout California to support their implementation of the DHCS Equity and Practice Transformation Directed Payment Program. The grants aim to remove barriers faced by physician practices in accessing available funding and will be used to improve practices through the implementation of electronic health records, care coordination, processes, infrastructure, and technology. Health Net's partnership with Physicians for a Healthy California has been instrumental in supporting these independent physician practices.
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Superior HealthPlan Celebrates 25 Years of Putting Members First

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Superior HealthPlan, a subsidiary of Centene Corporation (NYSE: CNC), celebrates 25 years of delivering high-quality healthcare services to over 2 million members in Texas. With a focus on Medicaid, CHIP, Medicare, and the Health Insurance Marketplace, the organization has grown from serving 3,400 members in El Paso to becoming the largest Medicaid managed care organization in Texas. Superior has maintained a rating of 3.5 or higher on a 5.0 scale according to the National Committee for Quality Assurance (NCQA) Medicaid Health Insurance Plan Ratings since 2015. The company's continued assistance, innovative programs, and local involvement have positively impacted Texas communities, exemplified by partnerships with Centene Charitable Foundation, Start Smart for Your Baby® program, Good Measures' Food is Medicine program, MedArrive's home health program, and Hazel Health's physical and mental health program. Superior has also provided significant funding to community-based organizations, demonstrating its commitment to transforming the health of the communities it serves.
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Peach State Health Plan and the Centene Foundation Announce $2.2 Million Commitment to Augusta University

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Peach State Health Plan, a subsidiary of Centene Corporation, and the Centene Foundation have announced a $2.2 million funding commitment to Augusta University. This funding will support the expansion of the University's Medical College of Georgia 3+ Primary Care Pathway Program and the launch of a new loan forgiveness program for dental students who commit to practicing in rural and underserved areas of Georgia. The collaboration aims to address the ongoing shortages of physicians and dentists in rural areas of the state, as per the 2022 Georgia Board of Health Care Workforce Report.
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CENTENE CORPORATION TO HOST 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS EARNINGS CALL

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Centene Corporation (CNC) will release its 2023 fourth-quarter and full-year financial results on February 6, 2024. The company will host a conference call to review the results, and interested parties can listen via phone or webcast. A webcast replay will be available for on-demand listening, and a digital audio playback will be accessible for a limited time after the call.
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CENTENE CORPORATION ANNOUNCES APPOINTMENT OF MICHAEL A. CARSON AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF ITS MEDICARE BUSINESS

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Centene Corporation (NYSE: CNC) announced the appointment of Michael A. Carson as President and CEO of its Medicare business, Wellcare, and the transfer of Richard Fisher to the Operations leadership team under Centene COO Susan Smith. Carson will be responsible for Medicare business performance, strategy, and growth, reporting to Centene President Ken Fasola. Fisher will oversee key financial and operational processes across Shared Services and lead enterprise development and management of Centene's vendor partnerships.
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CENTENE SUBSIDIARY NH HEALTHY FAMILIES AWARDED STATEWIDE MEDICAID CONTRACT

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Centene Corporation (NYSE: CNC) announced that its subsidiary, NH Healthy Families, has been selected to provide physical health, behavioral health, and pharmacy services for New Hampshire's Medicaid managed care program, supporting approximately 178,000 members. The contract will be effective from September 1, 2024, through August 31, 2029. Centene aims to continue supporting the health care needs of Medicaid members in New Hampshire and looks forward to continued partnership with state partners, providers, and communities.
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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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