Centene Corporation - CNC STOCK NEWS

The Centene Foundation and McCormack Baron Salazar (MBS) have announced a multiyear partnership to construct affordable housing in eight states.

The Foundation will provide below market-rate loans to MBS, enabling approximately $900 million in construction-related activity. This partnership aims to create thousands of affordable housing units in distressed communities.

Affordable housing is recognized as a key driver of health equity. This initiative will focus on Medicaid-eligible populations, helping to improve health outcomes by integrating health-related services within the housing developments.

MBS estimates that each dollar from the Foundation will enable it to secure $30 or more in permanent financing from various sources. This innovative approach is expected to stabilize households, improve public health, and save public healthcare costs.

The partnership reflects Centene’s and MBS’s longstanding commitment to community health and revitalization.

Cityblock and Sunshine Health have announced a partnership to deliver comprehensive care to Medicaid members in 11 Central Florida counties starting May 1, 2024. The partnership aims to provide 24/7 access to care via virtual, at-home, or clinic visits, offering primary care and care coordination services to high-need Medicaid members. This initiative is intended to enhance overall health outcomes and minimize unnecessary emergency visits and inpatient admissions. Cityblock's CEO, Dr. Toyin Ajayi, expressed excitement over expanding operations with Sunshine Health, a subsidiary of Centene (NYSE: CNC). Sunshine Health's CEO, Nathan Landsbaum, emphasized the focus on whole-person health and quality care for Floridians.

Centene (NYSE: CNC) has been named one of the Top 50 Companies for Diversity by Fair360 for the fourth consecutive year. This year, Centene ranked No. 26, an improvement from No. 37 last year. The company also secured top spots in three specialty categories: No. 7 for Talent Acquisition for Women of Color, No. 9 for Executive Women, and No. 18 for People with Disabilities. This recognition reflects Centene's ongoing commitment to diversity, equity, and inclusion (DEI), reinforced by their recent Sustainability & DEI Report. Additionally, Centene received accolades from Forbes, Newsweek, and Bloomberg for their efforts in diversity and gender equality.

Oklahoma Complete Health, part of Centene (NYSE: CNC), urges SoonerSelect members to complete the My Health Screening form to maximize their healthcare benefits. Since launching on April 1, 2024, the organization has reached out to all new members to ensure access to quality healthcare services. The screening form helps members work with care managers to identify necessary services and connect to community resources. As of now, Oklahoma Complete Health has provided over 4,200 rides through their transportation benefit. Members also receive $10 in My Health Pays rewards for completing the form.

Centene announced that its subsidiary, Sunflower Health Plan, has been selected by the Kansas Department of Administration to continue providing managed healthcare services through KanCare, Kansas' Medicaid and CHIP program. The new three-year contract begins January 1, 2025, with potential for two additional 12-month extensions. Sunflower currently serves over 141,000 Kansans, including 7,900 LTSS members. This award places Sunflower among three Medicaid managed care organizations chosen. Centene affiliates service over 13 million Medicaid members across 31 states, making it a leader in Medicaid, CHIP, and LTSS programs.

Managed Health Services (MHS), a subsidiary of Centene (NYSE: CNC), has launched MHS Serves, a $12 million health equity program in Indiana. Over six years, the program will invest a minimum of $2 million annually to support health equity-focused initiatives. Key partners include Indiana Minority Health Coalition (IMHC) and Black Onyx Management. The first partnership, Broadband Access Strategic Partnership, aims to enhance internet and technology adoption in underserved communities, increasing the number of Broadband Ready Communities. Applications for funding open on May 14, 2024, and close on June 21, 2024. MHS Serves will work with various stakeholders to identify health disparities and support community-based solutions.

Uvalde Consolidated Independent School District (UCISD) partners with Hazel Health and Superior HealthPlan to provide virtual healthcare services to all students through 2028-2029. The $250,000 investment from Superior allows students access to high-quality care at no cost, removing health barriers to learning. Hazel Health's culturally humble approach matches students with providers who reflect their community. The partnership aims to promote student well-being and academic success, with proven clinical improvements.

Meridian in Michigan, a Centene subsidiary, and the Centene Foundation announced a $1.1 million grant to the Neighborhood Service Organization in Detroit. The grant supports the Medical Respite program for Detroit's homeless, focusing on healthcare and housing stability.

Wellcare, the Medicare business of Centene , and Wellvana have announced a partnership to expand patient-centered primary care for Wellcare Medicare Advantage members in Georgia, Tennessee, and Texas. The collaboration aims to improve clinical outcomes and provides affordable healthcare to thousands of members. Wellvana's value-based care model, supported by high-performing primary care providers, will enhance the quality of care and health of the members served.