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Superior HealthPlan Invested $43 Million in Services to Support Healthy Living

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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.

Superior HealthPlan, una società Centene (NYSE: CNC), ha investito 43,3 milioni di dollari in benefici aggiuntivi di Medicaid e CHIP dal 2019 al 2023. Questi Servizi Aggiuntivi forniscono ulteriore supporto per le famiglie a basso reddito in tutti i 254 distretti del Texas. I benefici aggiuntivi includono:

  • Fino a 250 dollari all'anno in benefici dentali per i membri in gravidanza di 21 anni e oltre
  • Fino a 35 dollari all'anno per visite mediche scolastiche o sportive per i membri di età compresa tra 4 e 18 anni
  • Fino a 30 dollari trimestrali per articoli da banco
  • Programma di gestione dell'asma con biancheria da letto anallergica
  • Animali da compagnia per i partecipanti al programma di gestione delle malattie mentali

Nel corso di cinque anni, quasi la metà della spesa (15,5 milioni di dollari) è stata destinata alla cura della vista, seguita da 12 milioni di dollari per articoli da banco e 11 milioni di dollari per la cura dentale.

Superior HealthPlan, una empresa de Centene (NYSE: CNC), ha invertido 43.3 millones de dólares en beneficios adicionales de Medicaid y CHIP desde 2019 hasta 2023. Estos Servicios de Valor Agregado proporcionan apoyo adicional para las familias de bajos ingresos en los 254 condados de Texas. Los beneficios adicionales incluyen:

  • Hasta 250 dólares anuales en beneficios dentales para miembros embarazadas de 21 años o más
  • Hasta 35 dólares por año para exámenes físicos escolares o deportivos para miembros de 4 a 18 años
  • Hasta 30 dólares trimestrales para artículos de venta libre
  • Programa de gestión del asma con ropa de cama hipoalergénica
  • Mascotas de compañía para participantes del programa de gestión de enfermedades mentales

En cinco años, casi la mitad del gasto (15.5 millones de dólares) se destinó al cuidado de la vista, seguido de 12 millones de dólares en artículos de venta libre y 11 millones de dólares en cuidado dental.

Superior HealthPlan은 Centene (NYSE: CNC) 소속으로, 2019년부터 2023년까지 Medicaid 및 CHIP의 추가 혜택에 4천3백30만 달러를 투자했습니다. 이러한 부가 가치 서비스는 텍사스의 모든 254개 카운티에서 저소득 가정에 추가적인 지원을 제공합니다. 추가 혜택에는 다음이 포함됩니다:

  • 임신한 회원(21세 이상)에 대해 연간 최대 250달러의 치과 혜택
  • 4세에서 18세 사이의 회원에 대해 학교 또는 스포츠 신체검사에 연간 최대 35달러
  • 일반 약품 구입을 위한 분기별 최대 30달러
  • 알레르기 없는 침구가 포함된 천식 관리 프로그램
  • 정신 건강 관리를 위한 동반 동물 제공

5년 동안, 지출의 거의 절반(1550만 달러)이 시력 관리에 할당되었고, 그 다음으로 1200만 달러가 일반 약품에, 1100만 달러가 치과 치료에 들어갔습니다.

Superior HealthPlan, une société de Centene (NYSE: CNC), a investi 43,3 millions de dollars dans des avantages supplémentaires Medicaid et CHIP de 2019 à 2023. Ces Services à Valeur Ajoutée offrent un soutien additionnel aux familles à faible revenu dans les 254 comtés du Texas. Les prestations supplémentaires comprennent :

  • Jusqu'à 250 dollars par an en avantages dentaires pour les membres enceintes de 21 ans et plus
  • Jusqu'à 35 dollars par an pour des examens médicaux scolaires ou sportifs pour les membres de 4 à 18 ans
  • Jusqu'à 30 dollars par trimestre pour des articles en vente libre
  • Programme de gestion de l'asthme avec literie hypoallergénique
  • Animaux de compagnie pour les participants à la gestion des maladies comportementales

Sur cinq ans, près de la moitié des dépenses (15,5 millions de dollars) ont été consacrées aux soins de la vue, suivies de 12 millions de dollars pour des articles en vente libre et 11 millions de dollars pour les soins dentaires.

Superior HealthPlan, ein Unternehmen von Centene (NYSE: CNC), hat von 2019 bis 2023 43,3 Millionen Dollar in zusätzliche Medicaid- und CHIP-Leistungen investiert. Diese Wertschöpfungsdienste bieten zusätzliche Unterstützung für Familien mit niedrigem Einkommen in allen 254 Bezirken von Texas. Zu den zusätzlichen Leistungen gehören:

  • Bis zu 250 Dollar jährlich für zahnärztliche Leistungen für schwangere Mitglieder ab 21 Jahren
  • Bis zu 35 Dollar pro Jahr für Schul- oder Sportuntersuchungen für Mitglieder im Alter von 4 bis 18 Jahren
  • Bis zu 30 Dollar vierteljährlich für rezeptfreie Waren
  • Asthma-Management-Programm mit allergiefreier Bettwäsche
  • Begleittiere für Teilnehmer des Programms zur Behandlung von psychischen Erkrankungen

Über fünf Jahre entfielen fast die Hälfte der Ausgaben (15,5 Millionen Dollar) auf die Augenpflege, gefolgt von 12 Millionen Dollar für rezeptfreie Waren und 11 Millionen Dollar für zahnärztliche Versorgung.

Positive
  • Investment of $43.3 million in extra Medicaid and CHIP benefits from 2019 to 2023
  • Provision of Value-added Services to support low-income families across all 254 Texas counties
  • Diverse range of extra benefits promoting healthy behaviors
  • Significant spending on vision care ($15.5 million), over-the-counter items ($12 million), and dental care ($11 million)
Negative
  • None.

Insights

Superior HealthPlan's $43.3 million investment in Value-added Services over five years demonstrates a significant commitment to enhancing member benefits beyond standard Medicaid and CHIP coverage. This strategy likely aims to improve member satisfaction and retention, potentially leading to increased market share in Texas's competitive managed care landscape.

The allocation of funds, with 47% spent on vision care, suggests a focus on addressing high-demand services. This targeted approach could result in improved health outcomes and reduced long-term healthcare costs, positively impacting Superior's financial performance and Centene 's bottom line.

However, investors should consider the cost-benefit ratio of these additional services and their impact on profit margins. While they may drive growth, the return on investment should be closely monitored to ensure it translates into tangible financial benefits for Centene

Superior HealthPlan's investment in Value-added Services aligns with the broader healthcare industry trend towards preventive care and holistic health management. By offering benefits like dental care for pregnant women and asthma management programs, Superior is potentially reducing future healthcare costs associated with complications.

This approach could position Superior favorably in the eyes of state regulators and policymakers, potentially leading to expanded contracts or preferential treatment in future Medicaid managed care bids. The comprehensive nature of these benefits, covering all 254 Texas counties, demonstrates Superior's commitment to equitable healthcare access, a key focus in current healthcare policy discussions.

Investors should note that such initiatives often lead to improved quality metrics, which can result in performance bonuses from state Medicaid programs, providing an additional revenue stream for Centene

The extra benefits are in addition to regular Medicaid and CHIP coverage, helping support low-income individuals and families across the state.

AUSTIN, Texas, Sept. 12, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization in Texas and a company of Centene Corporation (NYSE: CNC), announced today it invested $43.3 million in extra Medicaid and Children's Health Insurance Program (CHIP) benefits from 2019 through 2023. Known as Value-added Services, the extra benefits help provide additional support for low-income families and individuals across all 254 Texas counties.

"For 25 years, Superior HealthPlan has looked for ways to support our members by providing them with extra benefits not covered by Medicaid or CHIP," said President and CEO of Superior HealthPlan, Mark Sanders. "This investment is yet another example of how we do more for our members to improve the health of each individual we serve."

Value-added Services* from Superior include a variety of extra benefits that are designed to promote healthy behaviors. *Restrictions and limitations may apply.

These extra benefits include:

  • Up to $250 annually in extra dental benefits for pregnant members who are 21 and over. This includes a routine exam and cleanings, x-rays and fluoride application.
  • Up to $35 per year for an annual school or sports physical for members 4 to 18 years old. The physical must be provided by a contracted Superior provider.
  • Up to $30 every quarter, per member, for commonly used over-the-counter items. These can be mailed directly to a member's home or bought at participating stores.
  • An Asthma Care Management program that provides support to help reduce asthma attacks. Participating members get an allergy-free mattress cover and pillowcase once every 2 years.
  • A Joy for All™ battery-operated plush companion pet for members enrolled in Behavioral Health Disease Management for at least 30 days.

Over a five-year period, nearly half of spending – or $15.5 million – for Value-added Services was on vision care. Superior spent another $12 million on over-the-counter items, $11 million on dental care, and $2.5 million on sports physicals.

"Medicaid and CHIP coverage is a lifeline for millions of Texans each year," said Superior's Senior Vice President of Population Health & Clinical Operations, Dr. Susan Mills. "We're proud to add on to those benefits with these Value-added Services because we know they make a real difference in people's lives."

Value-added Services are updated each year on September 1. To see a full list, visit SuperiorHealthPlan.com/VAS.

About Superior HealthPlan
Founded in 1999, Superior HealthPlan is a managed care company that delivers quality healthcare throughout Texas. Committed to transforming the health of the community, one person at a time, Superior supports active local involvement in all 254 Texas counties with more than 3,200 employees throughout the state. Superior is a company of Centene Corporation, a leading healthcare enterprise that is committed to helping people live healthier lives. For more information visit www.SuperiorHealthPlan.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/superior-healthplan-invested-43-million-in-services-to-support-healthy-living-302246771.html

SOURCE Superior HealthPlan

FAQ

What is the total investment made by Superior HealthPlan in extra Medicaid and CHIP benefits from 2019 to 2023?

Superior HealthPlan invested $43.3 million in extra Medicaid and Children's Health Insurance Program (CHIP) benefits, known as Value-added Services, from 2019 through 2023.

What are some of the Value-added Services offered by Superior HealthPlan (CNC)?

Superior HealthPlan offers several Value-added Services, including up to $250 annually in extra 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, an Asthma Care Management program, and companion pets for Behavioral Health Disease Management participants.

How much did Superior HealthPlan (CNC) spend on vision care as part of their Value-added Services from 2019 to 2023?

Superior HealthPlan spent $15.5 million on vision care as part of their Value-added Services from 2019 to 2023, which represents nearly half of the total spending on these extra benefits.

When are the Value-added Services updated by Superior HealthPlan (CNC)?

Superior HealthPlan updates its Value-added Services each year on September 1st.

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