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.
On April 5, 2023, Canada Nickel Company announced the appointment of Cutfield Freeman & Co. as project debt advisors to assist with financing for the Crawford Nickel Sulphide project. The company also revealed a change in its Board of Directors, with David Smith assuming the role of Chairman, effective April 7, 2023. This restructuring aims to enhance corporate governance practices. Smith, who recently retired as EVP Finance and CFO at Agnico Eagle Mines, brings extensive industry experience. This move aligns with Canada Nickel's strategy to advance its flagship project, hinting at a push towards becoming a significant player in the nickel market.
Superior HealthPlan's STAR+PLUS Medicare-Medicaid Plan (MMP) received a remarkable score of 90 out of 100 in a recent survey by the Centers for Medicare & Medicaid Services (CMS). This achievement places the plan among the top four nationally and highlights its commitment to quality healthcare. For the third consecutive year, Superior ranked in the top 10 plans in the country, demonstrating its dedication to serving over 2 million members across Texas. The CMS survey reflects consumer feedback, emphasizing accessibility and quality of care. The STAR+PLUS MMP serves eligible individuals in Bexar, Dallas, and Hidalgo Counties, focusing on those with disabilities and low-income resources.
Centene Corporation (NYSE: CNC) announced leadership changes effective March 31, 2023. Fred Eppinger will become Chairman of the Board, succeeding James Dallas, who will remain on the Board. Wayne DeVeydt has been appointed Chairman of the Audit and Compliance Committee. Board members Orlando Ayala, Richard Gephardt, and William Trubeck will retire on May 10, 2023. Eppinger brings over 30 years of industry experience and is focused on enhancing shareholder value while fulfilling Centene's mission to serve underserved communities. CEO Sarah London expressed confidence in Eppinger's leadership for long-term growth.
Centene Corporation (NYSE: CNC) will release its 2023 Q1 financial results on April 25, 2023, at 6 a.m. ET, followed by a conference call at 8:30 a.m. ET. Interested parties can listen by calling 1-877-883-0383 in the U.S. or via a live audio webcast on the Company’s website. A replay will be available for 12 months after the call. Centene is a major healthcare provider focused on underinsured and uninsured individuals, offering services under various government-sponsored programs. The company emphasizes long-term growth and community engagement.
Health Net is providing special assistance to members in Alameda, Marin, Modoc, and Shasta counties in response to the state of emergency declared by Gov. Gavin Newsom due to winter storms. Members can obtain emergency prescription supplies and access 24/7 mental health support through MHN. Additionally, telehealth services are available at no cost if primary care providers are unreachable. Health Net is committed to ensuring that its approximately 3 million members have access to essential healthcare services during this crisis, leveraging over 40 years of experience in transforming community health.
Evolent Health (NYSE: EVH) announced on March 29, 2023, an agreement with Centene Corporation (NYSE: CNC) to enhance its Technology and Services solution for oncology care. This partnership will extend Evolent's oncology services to Centene’s Medicare Advantage members across the nation, deepening their existing collaboration in the specialty care market. Both companies aim to optimize oncology outcomes while managing costs effectively. Evolent's established platform, backed by scientific advisory boards, focuses on clinical quality and financial accountability, ensuring improved care delivery for patients.
On March 27, 2023, Centene Corporation (NYSE: CNC) appointed Tanya McNally as Senior Vice President and Chief People Officer. Ms. McNally will oversee Human Resources and enhance employee talent management for Centene's workforce of over 74,000. Previously, she was Regional Vice President of HR at Centene since 2022 and held senior HR roles at WellCare, Citigroup, and Lehman Brothers. CEO Sarah M. London expressed confidence in McNally's leadership to drive talent growth and innovation. Centene, a Fortune 500 company, focuses on integrated healthcare services, covering government-sponsored and commercial programs.
Superior HealthPlan, a Medicaid managed care organization in Texas, is urging its members to update their eligibility information as the Medicaid redetermination process resumes on April 1, 2023. This follows a pause in eligibility verifications due to the COVID-19 Public Health Emergency starting in March 2020. Superior is providing resources and reminders to assist members in maintaining their health coverage. CEO Mark Sanders emphasized the importance of sustained health coverage for Texans and highlighted partnerships with local health providers to spread this message. Members can find guidance on YourTexasBenefits.com.
Health Net is offering essential support to members in six California counties—Calaveras, Del Norte, Glenn, Kings, San Benito, and San Joaquin—affected by winter storms. This initiative follows the state of emergency declared by Governor Gavin Newsom on March 17, 2023. Members can access emergency supplies of their prescription medications and assistance via Health Net's hotline at 1-800-400-8987. Additionally, Health Net provides 24/7 mental health support through MHN, and telehealth services at no cost for those unable to reach their primary care providers. The company emphasizes its commitment to ensuring healthcare access during emergencies.
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?
