STOCK TITAN

WellCare of North Carolina and Reinvestment Partners Join to Improve the Health of North Carolinians

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
WellCare of North Carolina, a subsidiary of Centene Corporation (NYSE: CNC), partners with Reinvestment Partners to launch the Eat Well Program, providing financial assistance to over 1,600 Medicaid members for purchasing fruits and vegetables. The program offers a prepaid credit card worth $80 a month to promote healthier living and food security, with an estimated purchase value of $700,000. This initiative aims to address food insecurity, promote a 'Food as Medicine' approach, and enhance health equity in North Carolina.
Positive
  • None.
Negative
  • None.

Insights

The partnership between WellCare of North Carolina and Reinvestment Partners to provide financial assistance for Medicaid members to purchase fruits and vegetables represents a strategic investment in preventive health measures. From an economic standpoint, this initiative could potentially reduce healthcare costs in the long term by mitigating the risks and severity of chronic conditions that are often exacerbated by poor nutrition.

By allocating an $80 monthly credit for the purchase of healthy foods, the program directly addresses food insecurity and the social determinants of health, which play a significant role in health disparities. The economic implications are multi-fold: it could lead to a decrease in medical expenses for both individuals and the healthcare system and potentially lower insurance premiums if the program proves effective in improving health outcomes.

The anticipated $700,000 expenditure on fruits and vegetables could also stimulate local agriculture and retail sectors, creating a positive economic ripple effect. However, the success of such initiatives depends on the proper utilization of the funds by the recipients and the long-term sustainability of the program's funding.

The 'Eat Well Program' is a practical application of the 'Food as Medicine' philosophy, which is gaining traction in public health policy. By providing an $80 monthly credit to Medicaid members, the program not only aims to alleviate immediate food insecurity but also serves as a preventive health measure against diet-related chronic diseases such as diabetes, heart disease and obesity.

Programs like these can lead to improved clinical outcomes for individuals with complex health needs. The focus on fruits and vegetables is consistent with dietary guidelines that emphasize plant-based diets for better health. For public health stakeholders, the key to measuring the program's impact will be monitoring health outcomes and healthcare cost savings over time.

Moreover, the initiative aligns with broader efforts to improve health equity by targeting populations that have historically had limited access to nutritious food options. The success of this program could serve as a model for other states and potentially influence national health policy.

The collaboration between WellCare of North Carolina and Reinvestment Partners is a significant social innovation, with implications for corporate social responsibility (CSR) and the role of private entities in addressing public health issues. By investing in the health of Medicaid members, WellCare is not only contributing to the welfare of individuals but also aligning its business practices with broader societal goals.

This program could serve as a benchmark for other companies looking to enhance their CSR profile and could positively impact WellCare's reputation among consumers and investors. The partnership also reflects a growing trend where private and public sectors converge to tackle complex societal challenges such as health equity and food insecurity.

However, it will be crucial to assess the program's effectiveness in achieving its intended social outcomes and to ensure that the investment translates into tangible benefits for the target population. Long-term commitment and evaluation will be essential to uphold the credibility and integrity of such CSR initiatives.

Eat Well Program to Provide Financial Assistance for over 1,600 Medicaid Members to Purchase Fruits and Vegetables

DURHAM, N.C., Feb. 13, 2024 /PRNewswire/ -- WellCare of North Carolina, a wholly owned subsidiary of Centene Corporation (NYSE: CNC) announced today a partnership with Reinvestment Partners, a North Carolina non-profit organization dedicated to enhancing health by enrolling WellCare members in the Eat Well Program (Eat Well).

Eat Well will provide eligible WellCare Medicaid members with a prepaid credit card worth $80 a month to use for the purchase of nutritious fruits and vegetables. WellCare is planning to enroll more than 1,600 North Carolinians with complex health needs and chronic conditions in the program.

"Providing individuals with necessary funds to purchase the healthy fruits and vegetables they want allows them to live healthier lives, improves food security and gives them greater agency over their well-being," said Sam Hoeffler, Director of Food Programs at Eat Well. "In total, we anticipate that participants will purchase approximately $700,000 of fruits and vegetables through this partnership."

Eat Well reflects the state's commitment to addressing food insecurity and providing a healthier well-being for the people of North Carolina. Additionally, the Eat Well Program is part of a "Food as Medicine" approach, which provides access to a healthy, well-balanced diet in an effort to reduce chronic diseases and improve health equity.  

"WellCare is pleased to work with Reinvestment Partners to support the dual mission of enhancing the health of North Carolinians," said Frances Johnson, RN, Vice President, Population Health & Quality Improvement for WellCare of North Carolina. "For many years, we have known that addressing disease prevention through diet is an effective strategy. This partnership provides WellCare Medicaid members, who cannot afford healthy foods, with prepaid credit cards worth $80.00 a month for 6 months, to purchase fruits and vegetables at almost any grocery store in North Carolina."

Reinvestment Partners, the organization behind Eat Well, received $5M in funding from the 2022 N.C. General Assembly's budget to expand the program through partnerships and collaborations with insurance companies, healthcare providers, and other organizations to improve access to nutritious food.

About Eat Well
Eat Well  is a program of Durham, North Carolina-based nonprofit Reinvestment Partners. Reinvestment Partners developed the program to help improve the health and well-being of food-insecure people by integrating healthy food into healthcare. Eat Well provides monthly funds for fruits and vegetables to eligible patients. Healthy food prescriptions are 'Food is Medicine' interventions that can improve health, increase customer satisfaction, and lower healthcare costs. Eat Well leverages technology to distribute healthy food funds at scale.

About WellCare of North Carolina
Headquartered in Raleigh, WellCare of North Carolina provides government-sponsored managed care services to families, children, seniors, and individuals with complex needs primarily through Medicaid as one of the state's Medicaid Prepaid Health Plans (WellCare of North Carolina), Marketplace (WellCare of North Carolina by Celtic Insurance Company), Medicare Advantage (Wellcare), and Medicare Prescription Drug Plans (Wellcare). WellCare of North Carolina is a wholly owned subsidiary of Centene Corporation, a leading healthcare enterprise committed to helping people live healthier lives. For more information, visit www.WellCareNC.com.

About Reinvestment Partners
Reinvestment Partners (RP) is a non-profit that addresses the problems of poverty and social injustice. RP works in the areas of food, housing, community development, health, and financial services. Reinvestment Partners' mission is to foster healthy and just communities by empowering people, improving places, and influencing policy.

Any reference in this press release to any person, organization, activity, or services related to North Carolina Medicaid does not constitute or imply the endorsement, recommendation, or favoring by the North Carolina Department of Health and Human Services.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wellcare-of-north-carolina-and-reinvestment-partners-join-to-improve-the-health-of-north-carolinians-302060445.html

SOURCE WellCare of North Carolina

FAQ

How many Medicaid members will receive financial assistance through the Eat Well Program?

Over 1,600 Medicaid members will receive financial assistance through the Eat Well Program.

What is the value of the prepaid credit card provided to eligible WellCare Medicaid members?

Eligible WellCare Medicaid members will receive a prepaid credit card worth $80 a month.

How much is the estimated purchase value of fruits and vegetables through the Eat Well Program partnership?

Participants are anticipated to purchase approximately $700,000 worth of fruits and vegetables through the partnership.

What is the goal of the 'Food as Medicine' approach within the Eat Well Program?

The 'Food as Medicine' approach aims to provide access to a healthy, well-balanced diet to reduce chronic diseases and improve health equity.

How much funding did Reinvestment Partners receive to expand the Eat Well Program?

Reinvestment Partners received $5M in funding from the 2022 N.C. General Assembly's budget to expand the Eat Well Program.

Centene Corporation

NYSE:CNC

CNC Rankings

CNC Latest News

CNC Stock Data

30.17B
504.87M
0.27%
103.47%
1.59%
Healthcare Plans
Hospital & Medical Service Plans
Link
United States of America
ST LOUIS