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.
Oklahoma Complete Health, a subsidiary of Centene (NYSE: CNC), has announced a $75,000 donation to the Foster Care Association of Oklahoma (FCAO) to support foster families. This investment will help grow the Foster Parent Mentoring Program, which has served 200 foster families since its creation in 2021. The program aims to support new foster families during their first 12 months.
Oklahoma Complete Health CEO Clay Franklin emphasized the importance of supporting community needs and enriching the lives of children in foster care. FCAO Executive Director Sarah Herrian highlighted the program's role in providing experienced support to new foster families. Since 2021, Oklahoma Complete Health has donated a total of $150,000 to launch and sustain this mentoring program.
Centene 's subsidiary, Meridian Health Plan of Michigan, has been selected by the Michigan Department of Health and Human Services to provide integrated Medicare and Medicaid services for dually eligible Michiganders through a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). The plan will launch on Jan. 1, 2026, transitioning from the MI Health Link pilot program to MI Coordinated Health.
Meridian is one of nine managed care organizations chosen for this program. It currently serves over 540,000 members in Michigan, including approximately 6,000 MMP members and over 13,500 Medicare Dual Eligible Special Needs (D-SNP) members. The new HIDE SNP product will ensure continuity of care for existing members and enhance services for dual Medicare and Medicaid eligibles.
Centene (NYSE: CNC), a leading healthcare enterprise, has announced it will release its 2024 third quarter financial results on Friday, October 25, 2024, at approximately 6:00 a.m. ET. The company will host a conference call at 8:30 a.m. ET to review the results. Investors can join the call by dialing 1-877-883-0383 in the U.S. and Canada or +1-412-902-6506 from abroad, using the Elite Entry Number: 1267976. A live audio webcast will be available on Centene's website.
A webcast replay will be accessible for 12 months after the call, until October 24, 2025. Additionally, a digital audio playback will be available until November 1, 2024, by dialing specific numbers provided for U.S., Canada, and international callers.
Astrana Health, Inc. (NASDAQ: ASTH) has completed its acquisition of Collaborative Health Systems (CHS), previously a Centene (NYSE:CNC) company. This strategic move expands Astrana's provider network and value-based care capabilities across 17 states, serving over 129,000 beneficiaries. The acquisition aims to:
1. Enhance payer-agnostic care delivery across all business lines
2. Integrate complementary provider footprints in key markets
3. Leverage Astrana's Care Enablement platform to improve patient outcomes
Brandon Sim, CEO of Astrana Health, emphasized that this acquisition will strengthen the company's position in delivering high-quality, accessible healthcare. The transaction has received necessary regulatory approvals, with updated financial outlooks to be provided in Astrana's Q3 2024 earnings call.
Ambetter from Arkansas Health & Wellness, a product offered by a Centene (NYSE: CNC) company, will provide statewide health insurance coverage in Arkansas for plan year 2025. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15.
Key features of Ambetter plans include:
- Coverage for all essential health benefits
- Virtual 24/7 Care for remote medical consultations
- Convenient online enrollment process
- My Health Pays program, offering up to $500 in rewards for healthy activities
- Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)
Ambetter from Arkansas Health & Wellness has been serving Arkansas since 2014 and will be available in all 75 counties for 2025.
Ambetter from WellCare of Kentucky, a Centene (NYSE: CNC) product, will offer affordable health insurance plans in 107 Kentucky counties for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, to Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15, 2024.
Key benefits include:
- Coverage for all essential health benefits
- Virtual 24/7 Care for remote medical consultations
- Convenient online enrollment process
- My Health Pays program, offering up to $500 in rewards for healthy activities
- Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)
Ambetter aims to provide comprehensive, affordable healthcare coverage to under-insured and uninsured populations through the State Based Exchange.
Ambetter Health of Delaware, a product offered by a Centene (NYSE: CNC) company, will provide health insurance plans to Delaware residents for the 2025 plan year. Open enrollment runs from Nov. 1, 2024, through Dec. 15, 2024, for coverage starting Jan. 1, 2025. The plans offer affordable and reliable coverage, including all essential health benefits, virtual 24/7 care, and convenient online enrollment.
Members can access the My Health Pays® program, earning up to $500 in rewards for healthy activities. The provider network will be renamed the Premier Network starting Jan. 1, 2025. Ambetter Health of Delaware will be available in New Castle, Kent, and Sussex counties in 2025, providing accessible healthcare options for Delawareans.
Ambetter of Alabama, a Centene (NYSE: CNC) product, will offer affordable health insurance plans in 39 Alabama counties for the 2025 plan year. Open enrollment runs from Nov. 1, 2024, to Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15.
Key offerings include:
- Coverage for essential health benefits
- Virtual 24/7 Care for remote medical consultations
- Convenient online enrollment process
- My Health Pays® program, allowing members to earn up to $500 in rewards
- Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)
Ambetter of Alabama aims to provide accessible, quality healthcare coverage to under-insured and uninsured populations through the federal Health Insurance Marketplace®.
Ambetter from Meridian, a Centene (NYSE: CNC) product, is expanding its health insurance offering to 34 counties across Michigan for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025. The company aims to provide affordable, comprehensive health coverage to under-insured and uninsured populations through the federal Health Insurance Marketplace®.
Key features of Ambetter from Meridian plans include:
- Coverage of all essential health benefits
- Virtual 24/7 Care for telehealth services
- Convenient online enrollment process
- My Health Pays® program offering up to $500 in rewards for healthy behaviors
- Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)
The expansion covers various counties, including Allegan, Barry, Berrien, Calhoun, and Wayne, among others. Interested Michigan residents can visit ambetterhealth.com/en/mi/ for more information and enrollment.
Ambetter from PA Health & Wellness, a Centene (NYSE: CNC) product, is expanding its health insurance offerings to 30 counties across Pennsylvania for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, to Jan. 15, 2025. The expansion includes 11 new central and western Pennsylvania counties.
Key features of Ambetter's 2025 plans include:
- Coverage of all essential health benefits
- Virtual 24/7 Care for telehealth services
- Convenient online enrollment
- My Health Pays program offering up to $500 in rewards
- Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)
The expansion aims to provide affordable and reliable coverage options to Pennsylvanians, with plans designed to fit various budgets and lifestyles.
FAQ
What is the current stock price of Centene Corporation (CNC)?
What is the market cap of Centene Corporation (CNC)?
What services does Centene Corporation provide?
Who are Centene Corporation’s primary service recipients?
What recent financial achievements has Centene Corporation reported?
How is Centene addressing social issues such as homelessness?
What partnerships has Centene recently formed to improve healthcare accessibility?
How does Centene Corporation support state-sponsored healthcare programs?
What is the significance of Centene’s MHS Serves program?
How many medical members does Centene serve?
What are some of the specialty services provided by Centene?
How does Centene ensure a local approach in its services?
