Centene Corporation - CNC STOCK NEWS

Wellcare, a Centene company, will offer Medicare Advantage (MA) products in 32 states and 102 Prescription Drug Plans (PDP) nationwide during the 2025 Medicare Annual Enrollment Period. Key highlights include:

- Expansion to Iowa and 126 new counties across seven states
- $22 million investment in digital tools and resources
- Member onboarding videos in eight languages
- Wellcare Spendables™ card for multiple benefits
- $0 copay for primary care visits on all plans
- New Twill by Dario platform for behavioral health support
- Three PDP products offered in all 34 regions across 50 states and D.C.
- $0 copay for Medicare-covered Part D vaccines and max $35 for 30-day insulin supply
- $2,000 cap on out-of-pocket prescription costs

The enrollment period runs from Oct. 15 to Dec. 7, 2024, for coverage starting Jan. 1, 2025.

Superior HealthPlan, a leading managed care organization in Texas and a Centene company (NYSE: CNC), has launched a new screening tool to help Texans access community resources more easily. The assessment, introduced on September 1, 2024, measures non-medical drivers of health and aims to connect members with support for transportation, housing, food, education, and other factors impacting overall well-being.

The screening is now part of a health risk assessment for members with complex care needs. After completion, Superior HealthPlan employees assist members in finding community resources through superiorhealthplan.findhelp.com, an online portal available to all Texans seeking free or reduced-cost services.

Since January 2024, over 800 Superior HealthPlan members have found support through the FindHelp platform, nearly tripling the number from 2023. The new assessment is expected to significantly increase the utilization of this online resource, demonstrating Superior HealthPlan's commitment to addressing barriers to care and improving members' lives through local healthcare solutions.

Centene announced that its subsidiary, Health Net Community Solutions, has been selected by the California Department of Health Care Services to provide managed dental health care services to Medi-Cal beneficiaries in Los Angeles and Sacramento counties. The new 54-month contract is set to begin on July 1, 2025.

Health Net currently serves nearly 385,000 members in these counties with over 1,000 dental providers. The company serves a total of nearly 2.2 million Californians, including more than 1.5 million Medi-Cal members. Health Net is one of three managed care organizations chosen to provide dental services through Medi-Cal and is the only plan in Los Angeles and Sacramento counties offering both medical and dental coverage.

Meridian, a managed care organization in Michigan and a Centene company (NYSE: CNC), has partnered with Mae to improve maternal outcomes and reduce disparities across the state. The partnership aims to provide supplementary support for Medicaid members during pregnancy and postpartum, connecting them with over 50 Michigan-based doulas for virtual and in-person support.

Key points:

• Meridian is responsible for nearly 10% of all births in Michigan
• Black women in Michigan are more than twice as likely to die from maternal-related complications compared to white women
• Doula services have been shown to reduce cesarean births, shorten labor duration, and improve spontaneous vaginal birth rates
• The partnership addresses the rise in maternity care deserts, with 16% of Black babies born in areas with or no access to maternity care services

Health Net, a Medi-Cal managed care health plan and subsidiary of Centene (NYSE: CNC), is providing special assistance to members affected by the Bridge and Airport fires in Southern California. This comes in response to Gov. Gavin Newsom's declared state of emergency in Los Angeles, Orange, Riverside, and San Bernardino counties.

The company is ensuring uninterrupted access to essential prescription medications, critical information, and healthcare services. Members can obtain emergency medication supplies, access behavioral health services for coping support, and use telehealth services at no cost. Health Net is also assisting healthcare providers with emergency prescription refills, expedited approvals, and out-of-network treatment authorizations when necessary.

Superior HealthPlan, a Centene (NYSE: CNC) company, has invested $43.3 million in extra Medicaid and CHIP benefits from 2019 to 2023. These Value-added Services provide additional support for low-income families across all 254 Texas counties. The extra benefits include:

• Up to $250 annually in dental benefits for pregnant members 21 and over
• Up to $35 per year for school or sports physicals for members 4-18 years old
• Up to $30 quarterly for over-the-counter items
• Asthma Care Management program with allergy-free bedding
• Companion pets for Behavioral Health Disease Management participants

Over five years, nearly half of the spending ($15.5 million) was on vision care, followed by $12 million on over-the-counter items and $11 million on dental care.

Centene (NYSE: CNC) has been named one of the Best Workplaces in Health Care 2024™ by Fortune magazine for the third consecutive year. This recognition in the Large Company category highlights Centene's commitment to fostering a positive workplace culture and delivering quality care to its 28.5 million members.

The ranking is based on confidential employee surveys conducted by Great Place to Work®, assessing factors such as workplace experience, trust in management, and collegial culture. Centene's success is attributed to its innovative talent programs, strong employee engagement efforts, and unique benefit offerings that support employees' whole health and professional development.

CEO Sarah M. London emphasized the importance of the company's 'One CenTeam' culture in delivering compassionate care to members and communities nationwide. Centene's workplace culture promotes transparency, openness, and integrity, encouraging employees to leverage their unique perspectives and skills.

Centene (NYSE: CNC), a leading healthcare enterprise, has announced its participation in the Bank of America 2024 Global Healthcare Conference in London. The company is scheduled to present on Wednesday, September 18, 2024, at 5:50 am EDT / 10:50 am BST.

A live audio webcast of the presentation will be available simultaneously at the provided link. For those unable to attend in real-time, a webcast replay will be accessible on Centene's official website, www.centene.com, under the Investors section following the presentation.

This event provides an opportunity for investors and analysts to gain insights into Centene's strategies, performance, and outlook within the global healthcare landscape.

WellCare of North Carolina, a Medicaid health plan and Centene (NYSE: CNC) subsidiary, has donated $100,000 to support Camp HOPE America across nine Family Justice Centers in North Carolina. The funds will aid a week-long overnight camp for youth affected by domestic violence and trauma. This donation is part of WellCare's ongoing community support initiatives, which include a $1.95 million investment in The Umbrella Center and support for The Hope Center at Pullen's Effective Communication and Life Skills Workshop. WellCare has also implemented a microgrant program with Communities in Schools of North Carolina to enhance family engagement in high-risk areas.