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.
Centene Corporation (NYSE: CNC) will host its 2022 Annual Meeting of Stockholders on April 26, 2022, at 11:00 a.m. ET, following the release of its first-quarter financial results. The meeting will be held at Centene's headquarters in St. Louis, Missouri. Attendees can access a live audio webcast via the company's investor relations website. Centene emphasizes its commitment to providing integrated healthcare services, focusing on underserved populations, including Medicaid and Medicare members.
Welsh, Carson, Anderson & Stowe (WCAS) announced the appointment of Jesse Hunter as an Operating Partner in its Healthcare Group. Hunter, a former executive at Centene Corporation (NYSE: CNC), brings over 20 years of leadership experience, particularly in Mergers & Acquisitions and strategic growth. During his tenure at Centene, he played a key role in expanding the company into a $125 billion enterprise focused on government healthcare programs. His addition is expected to enhance WCAS's portfolio in managed care and population health.
Centene Corporation (NYSE: CNC) has appointed Sarah London as Chief Executive Officer, effective immediately, succeeding Michael Neidorff, who is on medical leave. London, previously Vice Chairman, will focus on enhancing integrated, value-based care. Her leadership in technology and corporate strategy is expected to drive innovation within the company. The Board praised her strategic insight and commitment to member care. Centene serves over 26 million Americans, focusing on providing high-quality, affordable healthcare.
Centene Corporation (NYSE: CNC) announced it will release its 2022 first quarter financial results on April 26, 2022, at 6 a.m. ET. A conference call to discuss the results will follow at 8:30 a.m. ET. Interested parties can join the call by dialing the provided numbers or via a live audio webcast on Centene's website. A replay will be available shortly after the call for 12 months. The Company, a leader in healthcare, focuses on integrated services for government-sponsored programs and emphasizes local outreach to support under-insured individuals.
Centene Corporation (NYSE: CNC) has received the Innovation Award for Health Equity from the National Committee for Quality Assurance (NCQA) for its Health Equity Improvement Model. This model integrates quantitative and qualitative data to enhance healthcare quality and address disparities. Key results include improved colorectal cancer screenings for American Indian/Alaska Native members, better immunization rates for Latino children, and enhanced maternal health outcomes for African American members. Centene plans to expand this model nationwide.
Centene Corporation's Indiana subsidiary, Managed Health Services (MHS), has secured a four-year contract to continue providing Medicaid and managed care services to Hoosier Healthwise and Healthy Indiana Plan members. This contract, awarded by the Indiana Department of Administration, includes options for two additional one-year renewals. MHS has served over 400,000 members in Indiana since 1995, focusing on enhancing healthcare access and reducing delivery costs through a network of local providers, emphasizing holistic patient care.
Health Net Federal Services, a subsidiary of Centene Corporation (NYSE:CNC), has been certified as a Center of Excellence by BenchmarkPortal for the tenth consecutive year. This prestigious recognition places HNFS among the top 10% of call centers in the healthcare industry, acknowledging their commitment to superior customer service and operational efficiency. The call center serves TRICARE beneficiaries, reflecting HNFS's dedication to enhancing healthcare for military families. The certification is based on rigorous performance metrics, signifying a strong operational foundation and customer focus.
Centene Corporation (NYSE: CNC) will present at the Barclays Global Healthcare Conference from March 15-17, 2022, at the Loews Miami Beach Hotel. The presentation is scheduled for 9:00 a.m. ET on March 15. A live audio webcast will be available at this link, with a replay accessible via the Company’s website afterwards. Centene is a Fortune 25 healthcare enterprise focused on providing integrated, affordable services for under-insured and uninsured individuals across various programs.
On February 24, 2022, Centene Corporation (NYSE: CNC) announced that its CEO, Michael Neidorff, is taking a medical leave of absence. James Dallas will act as Chairman of the Board during this period, with day-to-day management handled by a team including Sarah London, Brent Layton, Drew Asher, and Shannon Bagley. Neidorff led Centene for 26 years, growing it to a Fortune 24 company with revenues exceeding $125 billion. The Board aims to appoint a new CEO by Q2 2022.
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