Centene Corporation - CNC STOCK NEWS

Health Net has launched special assistance for its members in Siskiyou County following a state of emergency declared by Governor Gavin Newsom due to wildfires. Key services include emergency prescription supplies, telehealth access at no cost, and coping support through the MHN hotline. Members can obtain emergency medications from their pharmacies or contact Health Net for help if their pharmacy is closed. Healthcare providers can reach out for guidance on emergency prescriptions and treatment approvals. Health Net aims to ensure seamless access to healthcare services during the crisis.

Centene Corporation (NYSE: CNC) announced its participation in the Morgan Stanley 20^th Annual Global Healthcare Conference in New York City from September 12^th to 14^th, 2022. The company will present on September 13^th at 8:35 a.m. ET. A live audio webcast is available for listeners, and a replay can be accessed later on Centene's investor relations website.

Centene is a leading healthcare provider, serving millions through government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals.

Centene Corporation (NYSE: CNC) announced the appointment of Ashlee Knuckey as Chief Ethics and Compliance Officer on September 1, 2022. With nearly 13 years of experience, Knuckey has a strong background in healthcare regulations and compliance, previously serving as a partner at Locke Lord LLP. CEO Sarah London emphasized Knuckey's expertise in enhancing Centene's commitment to integrity and regulatory compliance. This strategic hire aims to improve relations with government clients and providers, ultimately benefiting member health outcomes.

Centene Corporation (NYSE: CNC) announced its Medi-Cal Managed Care contract awards from the California Department of Health Care Services. The company will continue to serve nine counties but expressed disappointment over losing contracts in Los Angeles, Sacramento, and Kern counties. Centene has provided quality healthcare for 25 years through its local brand, Health Net, and believes the exit from these counties will disrupt services for members. The company is considering appeal options to protect its members' access to healthcare.

Centene Corporation's subsidiary, Magnolia Health Plan, has secured a four-year contract with the Mississippi Division of Medicaid to continue providing services for the state's Coordinated Care Organization Program. This program includes both the Mississippi Coordinated Access Network (MSCAN) and the Children's Health Insurance Program (CHIP). Magnolia currently serves over 150,000 Medicaid enrollees and has partnerships with nearly 31,000 healthcare providers in Mississippi.

Centene Corporation (NYSE: CNC) has filed a preliminary proxy statement with the SEC for a special stockholders meeting aimed at enhancing corporate governance. Key proposals include declassifying the Board for annual director elections and allowing stockholders holding at least 10% of shares to call special meetings. The Board’s Chairman, James Dallas, plans to step down after overseeing these amendments. The special meeting is expected to occur in late Q3 or early Q4 2022. Overall, the changes are intended to benefit shareholders and improve governance practices.

Health Net is responding to the state of emergency declared by Gov. Gavin Newsom in Siskiyou County due to ongoing wildfires. The company is providing special assistance to members, ensuring access to prescription medications and healthcare services to help them cope with stress and trauma. Members can obtain emergency supplies directly from their pharmacies or call Health Net for assistance. The company also offers 24/7 mental health support through MHN and telehealth services at no cost. This initiative underlines Health Net’s commitment to member welfare during crises.

In response to Governor Newsom's state of emergency in Mariposa County, Health Net is assisting its members affected by wildfires. The company is ensuring access to essential prescription medications and healthcare services to help members cope with stress or trauma. Members can obtain emergency supplies from their pharmacies, access telehealth services at no cost, and receive mental health support through MHN. Health Net is committed to providing necessary healthcare services during this crisis.

Centene Corporation (CNC) reported a diluted loss per share of $(0.29) for Q2 2022, influenced by a $1.45 billion real estate impairment charge. Adjusted diluted EPS rose to $1.77, up from $1.25 in Q2 2021. Total revenues increased 16% year-over-year to $35.9 billion, driven by organic Medicaid and Medicare growth. The Health Benefits Ratio improved to 86.7%. Centene raised its full-year adjusted EPS guidance to $5.60-$5.75, marking a cumulative increase of $0.20 since April. Strategic divestitures and real estate optimization are central to its Value Creation Plan.