Centene Corporation - CNC STOCK NEWS

Centene Corporation (NYSE: CNC) will present at the Barclays 2023 Global Healthcare Conference in Miami Beach, Florida, from March 14-16, 2023. The presentation is scheduled for March 14 at 9:00 a.m. ET. A live audio webcast will be available, and a replay can be accessed later on the Company's website.

Centene, a Fortune 500 company, focuses on providing integrated healthcare services to under-insured and uninsured individuals, serving nearly 1 in 15 individuals across the nation.

Centene Corporation (NYSE: CNC) sponsored the National No One Eats Alone® Day on February 17, 2023, engaging 14 local health plans across 220 schools nationwide. This initiative aims to combat social isolation among students by promoting inclusive environments. Dr. Alice Hm Chen, Centene's Chief Health Officer, highlighted the significance of addressing social isolation, which can lead to anxiety and depression. The Beyond Differences nonprofit, in partnership with Centene since 2017, expanded its reach to 1 million students this year. The program has successfully engaged thousands of children over the years, promoting empathy and connection in schools.

On February 14, 2023, Health Net announced a $1.5 million grant to Keck School of Medicine of USC for establishing street medicine workforces across California. The funding, distributed over three years, aims to enhance care for unsheltered populations by training medical professionals to meet them in their communities. With over 20 street medicine programs started in the last four years, the initiative responds to rising homelessness in the state. The grant will also support the development of an intensive course titled "Foundations in Street Medicine" aimed at improving healthcare accessibility for vulnerable populations.

On February 10, 2023, Peach State Health Plan and the Centene Charitable Foundation announced a $1 million donation to the Georgia Primary Care Association aimed at enhancing school-based health centers (SBHC) in Georgia. This funding will help address critical healthcare needs for underserved families, focusing on prevention and early detection of health issues. Additionally, Georgia Governor Brian Kemp previously allocated $125 million for SBHC infrastructure. Currently, only 114 of nearly 2,200 public schools in Georgia have health centers on campus.

On February 8, 2023, Superior HealthPlan announced a partnership with eFamilyCare to support family caregivers of high-risk, chronically ill adults and children in Texas. Utilizing the eFamilyCare telehealth platform, caregivers will receive expert coaching and access to necessary resources. A pilot program initiated in 2022 yielded positive results, with 100% of participants reporting responsive care advisors and 91% expressing high satisfaction. The program will expand in 2023 to benefit Medicaid members enrolled in CHIP and STAR programs. This initiative aims to reduce hospital readmission rates by providing essential support to caregivers.

Centene Corporation (NYSE: CNC) reported a 2022 full year diluted EPS of $2.07 and adjusted diluted EPS of $5.78, reflecting a 12% growth. Total revenues rose 15% to $144.5 billion. The health benefits ratio stood at 87.7%. Centene executed $3.0 billion in share repurchases and completed five divestitures, including Magellan Rx and HealthSmart. For 2023, Centene increased its premium and service revenues guidance by $2.0 billion. The company also noted leadership changes and received recognition for gender equality and diversity.

Superior HealthPlan, a Texas-based managed care company and subsidiary of Centene Corporation (CNC), has been recognized as a Best Place for Working Parents for the third consecutive year. This accolade highlights Superior's commitment to workplace flexibility and family-friendly policies. Key benefits include up to 14 weeks of paid parental leave, expanded remote work options for over 90% of staff, and an adoption reimbursement program. Mark Sanders, President and CEO, emphasized the importance of a supportive work environment since the pandemic. Superior has previously earned the Family-Friendly Workplace designation, underscoring its commitment to employee engagement.

Health Net, a leading partner in Medi-Cal, announced the launch of its Review to Renew campaign to assist Medi-Cal members in California as annual redetermination resumes on April 1, 2023. This campaign aims to educate approximately 13 million Medi-Cal beneficiaries about the importance of updating their eligibility information to maintain coverage. During the public health emergency, the federal government waived eligibility checks, causing many to retain coverage without verification. The initiative will utilize various communication methods, including mailers, digital ads, and community events.