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Centene

Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Managed Care and Specialty Services. The Medicaid Managed Care segment provides health plan coverage to individuals through government subsidized programs through Medicaid. The Specialty Services segment offers healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company was founded in 1984 and is headquartered in St. Louis, MO.

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Centene exceeds earnings guidance, eyes growth in Marketplace products

Centene's Q4 2022 earnings call highlighted robust financial performance, successful execution of value-creation plans, and a focus on operational efficiency. While challenges in Medicare Advantage margins are anticipated, opportunities in the Marketplace business and cost-cutting initiatives offer avenues for growth. Strategic initiatives to address demographic shifts and enhance care relationships position Centene for future success.

Centene reports strong Q1 earnings, focuses on growth opportunities

Centene's Q1 performance reflects strength in financial results and a strategic outlook for future growth.
Despite challenges in Medicare profitability and Medicaid redeterminations, Centene remains focused on maximizing membership and maintaining high margins.
Opportunities in enhancing relationships, investing in infrastructure, and updating margin assumptions position Centene for long-term success.

Centene reports strong Q2 earnings, raises 2023 outlook amidst challenges

Centene's Q2 earnings call showcased robust financial performance, operational efficiencies, and strategic wins in Medicaid and Marketplace segments. While facing challenges in cost trends and Star ratings strategy, the company is well-positioned for growth through revenue expansion and value-creation initiatives. Opportunities for engagement with key stakeholders and successful outreach efforts present avenues for continued success.

Centene exceeds Q3 earnings expectations, eyes growth opportunities in 2024

Centene's Q3 2023 earnings call highlighted strong financial performance, progress in Medicaid redeterminations, and operational advancements. The company anticipates continued growth in adjusted EPS for 2023 and 2024, with a focus on margin expansion and operational efficiencies. Challenges include managing membership declines and addressing questions on business plans and cost implications.

Centene exceeds 2023 expectations, poised for growth in 2024

Centene's 2023 performance was strong, exceeding expectations and positioning the company for continued growth. Key initiatives in Medicaid, Medicare Advantage, and Marketplace are driving revenue growth and operational efficiency. Challenges in managing utilization trends and achieving target margins require ongoing attention.

Centene surpasses Q1 earnings expectations, eyes growth in Medicaid and Marketplace

Centene's Q1 performance exceeded expectations, showcasing strength in Medicaid and Marketplace segments.
While facing challenges in contract protests and operational clarity, the company's strategic focus on Medicare Advantage and growth opportunities remain key strengths.
With a robust financial outlook and ongoing initiatives for optimization, Centene is well-positioned for continued success in the healthcare market.
Investors can be optimistic about Centene's growth trajectory, supported by strong operational performance and strategic initiatives.

Centene reports robust Q2 earnings, eyes Medicaid rebound and Medicare growth

Centene's Q2 2024 earnings call highlighted strong performance, Medicaid challenges, and growth opportunities in Medicaid and Medicare markets. Leadership transitions and focus on program innovation are key areas of development for the company.

Centene surpasses Q3 earnings expectations, eyes growth amid challenges

Centene's Q3 performance exceeded expectations, driven by improvements in Medicaid and strong Medicare and Marketplace segments.
Despite challenges in Medicaid and competitive pressures, Centene remains confident in its future growth and operational enhancements.
The company's strategic focus on AI, margin expansion, and quality improvement positions it well for continued success and profitability.
Analyst inquiries and company responses highlighted key areas of focus and potential areas for improvement and growth.

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Centene Corp. is a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment includes the Temporary Assistance for Needy Families program, Medicaid Expansion programs, the Aged, Blind or Disabled program, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans, which cover beneficiaries who are dually eligible for Medicaid and Medicare, and other state-based programs. The Medicare segment consists of Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans, and Medicare Prescription Drug Plans. The Commercial segment is involved in the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products. The Other segment refers to pharmacy operations, Envolve Benefit Options’ vision and dental services, clinical healthcare, behavioral health, international operations, and corporate management companies. The company was founded in 1984 and is headquartered in St. Louis, MO.

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Centene Corporation is a successful company in the government-sponsored healthcare sector, experiencing revenue and profit growth. The company's Medicaid segment generates the most revenue, followed by Medicare and the Commercial segment. While some parts of the business have seen declines, the growth aspects of the company have robust profit margins and show promising growth potential.

Centene Corporation: A Great Business At A Great Price

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Managed care health insurance company Centene Inc. NYSE: CNC recently saw its share rebound after reaffirming its guidance. This move came just after UnitedHealth Group Inc. NYSE: UNH made bearish comments regarding disturbance going forward in Medicaid utilization and pay rates.

Centene Reaffirms Guidance, But Is it Too Late?

Health insurer Centene's Chief Executive Sarah London said on Friday that turnover in people enrolled in Medicaid plans had led to a shift in its membership health profile, to patients who were sicker, but stood by its 2024 earnings and cost forecasts.

Centene CEO says Medicaid redetermination shifted member profile-conference

Centene said on Wednesday the health insurer had higher-than-expected claims receipts in April for the first quarter as well as April 2024, indicating continued medical costs in Medicaid.

Centene sees higher-than-expected medical costs in Medicaid

Investment will Support Development of Family Justice Center and Vital Services for Those Impacted by Domestic Violence, Sexual Assault and Other Abuses  CHARLOTTE, N.C., May 29, 2024 /PRNewswire/ -- WellCare of North Carolina  (WellCare), a provider of Medicaid healthcare coverage in North Carolina, and the Centene Foundation, the philanthropic arm of Centene Corporation (NYSE: CNC), today announced a $1.95 million investment in The Umbrella Center, a comprehensive family justice center providing holistic services to those impacted by domestic violence, sexual assault, elder abuse, human trafficking and child abuse.

WellCare of North Carolina and the Centene Foundation Announce $1.95 Million Investment in The Umbrella Center

Centene's (CNC) subsidiaries, CHS and AcariaHealth, enhance patient outcomes with CHS' CIPA entering Virginia and AcariaHealth's pharmacy facility relocating to Chesterfield, thereby expanding CNC's capabilities.

Centene (CNC) Expands CHS Network, Shifts AcariaHealth Facility

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Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago.

US health insurer shares fall after UnitedHealth flags Medicaid enrollment issues

New Market Gives More Providers Opportunity to Participate in Value-Based Care Programs TAMPA, Fla. , May 28, 2024 /PRNewswire/ -- Collaborative Health Systems (CHS), a management services organization for providers and wholly owned subsidiary of Centene Corporation (NYSE: CNC), recently announced expansion into a new market, offering providers in Virginia an opportunity to join Chesapeake Independent Physician Association (CIPA) to drive greater collaboration around value-based care.

Chesapeake Independent Physician Association Expands into Virginia

The "Be the One" initiative raises awareness of resources available to support veterans The initiative also focuses on education and seeks to reduce the stigma associated with seeking mental health services TAMPA, Fla. , May 28, 2024 /PRNewswire/ -- Wellcare, the Medicare business of Centene Corporation (NYSE: CNC) and the American Legion, the nation's largest wartime veterans services organization, launched a veteran suicide prevention initiative.

Wellcare and The American Legion Partner on Initiative to Prevent Veteran Suicides

The Facility Relocation Represents Commitment to Enhanced Patient Care, Employee Well-being and Community Engagement ST. LOUIS, May 28, 2024 /PRNewswire/ --  AcariaHealth , a national specialty pharmacy focused on improving care and outcomes for patients living with complex medical conditions and a wholly owned subsidiary of Centene Corporation  (NYSE: CNC), announced the relocation of its St. Louis-area pharmacy facility to Chesterfield, Missouri.

AcariaHealth Opens Modern Specialty Pharmacy Facility in Chesterfield, Missouri

ST. LOUIS , May 27, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today it will present at the Bernstein 40th Annual Strategic Decisions Conference 2024. Centene will present on Friday, May 31 st at 8:00 a.m.

CENTENE TO PRESENT AT BERNSTEIN 40TH ANNUAL SDC CONFERENCE 2024

Centene (CNC) collaborates with Cityblock to provide comprehensive care services to Central Florida's Medicaid members.

Centene (CNC), Cityblock Partner to Enhance Value-Based Care

Multiyear partnership will focus on predevelopment loans to enable approximately $900 million in planning activity and construction Partnership expected to create thousands of housing units and drive improved health outcomes for Medicaid-eligible populations through increased access to health-related services ST. LOUIS , May 21, 2024 /PRNewswire/ -- The Centene Foundation ("the Foundation"), the philanthropic arm of Centene Corporation ("Centene") [NYSE: CNC] – a leading healthcare enterprise focused on transforming the health of the communities it serves, and McCormack Baron Salazar ("MBS"), one of the nation's leading developers of affordable housing, announced they have entered into a multiyear partnership to construct new affordable housing communities in eight states.

Centene Foundation Announces Partnership with Affordable Housing Leader McCormack Baron Salazar to Increase Access to Affordable Housing

Members will benefit from 24/7 access to care teams virtually, at home or in a clinic. BROOKLYN, N.Y.

Cityblock and Sunshine Health Announce Partnership to Deliver Comprehensive Care to Medicaid Members in Central Florida

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Here's Why Centene (CNC) is a Strong Momentum Stock

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Centene's (CNC) subsidiary wins contract from the Kansas Department of Administration to continue providing comprehensive healthcare services to the KanCare program's members.

Centene (CNC) to Continue Serving Kansas' Medicaid Members

ST. LOUIS , May 15, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today it was named one of the Top 50 Companies for Diversity by Fair360 (formerly DiversityInc) for the fourth consecutive year. Centene ranked No.

CENTENE CORPORATION NAMED ONE OF TOP 50 COMPANIES FOR DIVERSITY BY FAIR360

OKLAHOMA CITY , May 15, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with a range of health insurance solutions, and a subsidiary of Centene Corporation (NYSE: CNC), encourages SoonerSelect members to complete the My Health Screening forms to fully leverage their comprehensive healthcare benefit. Oklahoma Complete Health has reached out to every new member since the plan launch on April 1, 2024.

Oklahoma Complete Health Encourages Members to Complete Health Risk Screening Form to Access Additional Services

ST. LOUIS , May 14, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that the Kansas Department of Administration has selected its Kansas-based subsidiary, Sunflower Health Plan (Sunflower) to continue providing managed health care services through KanCare, the State of Kansas' Medicaid and Children's Health Insurance Program (CHIP). The new three-year contract is expected to take effect on January 1, 2025, with the option to renew for up to two, 12-month extensions.

CENTENE SUBSIDIARY SUNFLOWER HEALTH PLAN SELECTED FOR KANSAS MEDICAID AWARD

Centene (CNC) remains well-poised for growth on the back of sound growth in membership, divestitures and a growing cash balance.

Here's Why You Should Retain Centene (CNC) Stock for Now

MHS Serves will support the advancement of programs and innovations to improve health equity efforts statewide MHS Serves will be a collaboration with Indiana Minority Health Coalition and Black Onyx Management First partnership opportunity will support internet and technology adoption for partner organizations in underserved communities INDIANAPOLIS , May 14, 2024 /PRNewswire/ -- Managed Health Services (MHS), a managed care entity that has been proudly serving the state of Indiana for over 25 years and a wholly owned subsidiary of Centene Corporation (NYSE: CNC), announced today the creation of MHS Serves, a $12 million dollar health equity program  focused on reducing and eliminating health disparities by supporting key community-based programs and resources across Indiana. Over the next six years, MHS Serves will provide a minimum of two million dollars annually to institute health equity-focused partnerships and innovations.

MHS Launches MHS Serves, a $12 Million Statewide Health Equity Program

Funding provides access to telehealth services for all students enrolled in the district at no cost through the 2028-29 school year. UVALDE, Texas , May 8, 2024 /PRNewswire/ -- Uvalde Consolidated Independent School District (UCISD) today announced that students will have access to virtual health care through a partnership with Hazel Health , a leading telehealth provider, and Superior HealthPlan (Superior), the Texas-based subsidiary of Centene Corporation (NYSE: CNC).

News for Centene Stock (CNC)