STOCK TITAN

Centene Corporation - CNC STOCK NEWS

Welcome to our dedicated page for Centene Corporation news (Ticker: CNC), a resource for investors and traders seeking the latest updates and insights on Centene Corporation stock.

Centene Corporation (NYSE: CNC), a Fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government-sponsored healthcare programs. The company focuses on under-insured and uninsured individuals, offering benefits under Medicaid, including the State Children's Health Insurance Program (CHIP), aged, blind or disabled (ABD), foster care, long-term care (LTC), and other state-sponsored/hybrid programs as well as Medicare (special needs plans).

Centene operates local health plans and offers an array of health insurance solutions. It contracts with other healthcare and commercial organizations to deliver specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy, and telehealth services. As of June 2023, Centene served approximately 24 million medical members, with a significant portion enrolled in Medicaid (67%), individual exchanges (14%), and Medicare Advantage (6%) plans.

Recently, Centene has been recognized for its contributions in tackling social issues. For instance, on April 8, 2024, Health Net, a Centene subsidiary, contributed $1.3 million to the Mayor's Fund for Los Angeles' We Are LA program, which aims to prevent evictions and combat homelessness. The program has served over 32,000 individuals and families, helping them avoid eviction and maintain stable housing. Moreover, Centene's financial results for the first quarter of 2024 highlighted the company's robust performance, with medical claims liabilities totaling $18.1 billion and a strategic plan for growth focused on increasing access to affordable, high-quality healthcare.

Furthermore, Centene has entered into significant partnerships to improve healthcare accessibility. For example, in Uvalde, Texas, Centene's subsidiary Superior HealthPlan invested $250,000 to allow students access to virtual healthcare through Hazel Health until the 2028–2029 school year. The company has also initiated the MHS Serves program in Indiana, a $12 million health equity initiative aimed at reducing health disparities.

Centene continues to innovate and expand its healthcare solutions, ensuring that under-insured and uninsured individuals receive comprehensive healthcare services. The company's latest strategic moves and partnerships underscore its commitment to transforming healthcare delivery and improving health outcomes for millions of Americans.

Rhea-AI Summary

Centene (NYSE: CNC), a leading healthcare enterprise, has announced it will release its 2024 third quarter financial results on Friday, October 25, 2024, at approximately 6:00 a.m. ET. The company will host a conference call at 8:30 a.m. ET to review the results. Investors can join the call by dialing 1-877-883-0383 in the U.S. and Canada or +1-412-902-6506 from abroad, using the Elite Entry Number: 1267976. A live audio webcast will be available on Centene's website.

A webcast replay will be accessible for 12 months after the call, until October 24, 2025. Additionally, a digital audio playback will be available until November 1, 2024, by dialing specific numbers provided for U.S., Canada, and international callers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
conferences earnings
-
Rhea-AI Summary

Astrana Health, Inc. (NASDAQ: ASTH) has completed its acquisition of Collaborative Health Systems (CHS), previously a Centene (NYSE:CNC) company. This strategic move expands Astrana's provider network and value-based care capabilities across 17 states, serving over 129,000 beneficiaries. The acquisition aims to:

1. Enhance payer-agnostic care delivery across all business lines
2. Integrate complementary provider footprints in key markets
3. Leverage Astrana's Care Enablement platform to improve patient outcomes

Brandon Sim, CEO of Astrana Health, emphasized that this acquisition will strengthen the company's position in delivering high-quality, accessible healthcare. The transaction has received necessary regulatory approvals, with updated financial outlooks to be provided in Astrana's Q3 2024 earnings call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
-
Rhea-AI Summary

Ambetter from Arkansas Health & Wellness, a product offered by a Centene (NYSE: CNC) company, will provide statewide health insurance coverage in Arkansas for plan year 2025. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15.

Key features of Ambetter plans include:

  • Coverage for all essential health benefits
  • Virtual 24/7 Care for remote medical consultations
  • Convenient online enrollment process
  • My Health Pays program, offering up to $500 in rewards for healthy activities
  • Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)

Ambetter from Arkansas Health & Wellness has been serving Arkansas since 2014 and will be available in all 75 counties for 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
Rhea-AI Summary

Ambetter from WellCare of Kentucky, a Centene (NYSE: CNC) product, will offer affordable health insurance plans in 107 Kentucky counties for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, to Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15, 2024.

Key benefits include:

  • Coverage for all essential health benefits
  • Virtual 24/7 Care for remote medical consultations
  • Convenient online enrollment process
  • My Health Pays program, offering up to $500 in rewards for healthy activities
  • Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)

Ambetter aims to provide comprehensive, affordable healthcare coverage to under-insured and uninsured populations through the State Based Exchange.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
-
Rhea-AI Summary

Ambetter Health of Delaware, a product offered by a Centene (NYSE: CNC) company, will provide health insurance plans to Delaware residents for the 2025 plan year. Open enrollment runs from Nov. 1, 2024, through Dec. 15, 2024, for coverage starting Jan. 1, 2025. The plans offer affordable and reliable coverage, including all essential health benefits, virtual 24/7 care, and convenient online enrollment.

Members can access the My Health Pays® program, earning up to $500 in rewards for healthy activities. The provider network will be renamed the Premier Network starting Jan. 1, 2025. Ambetter Health of Delaware will be available in New Castle, Kent, and Sussex counties in 2025, providing accessible healthcare options for Delawareans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
-
Rhea-AI Summary

Ambetter of Alabama, a Centene (NYSE: CNC) product, will offer affordable health insurance plans in 39 Alabama counties for the 2025 plan year. Open enrollment runs from Nov. 1, 2024, to Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15.

Key offerings include:

  • Coverage for essential health benefits
  • Virtual 24/7 Care for remote medical consultations
  • Convenient online enrollment process
  • My Health Pays® program, allowing members to earn up to $500 in rewards
  • Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)

Ambetter of Alabama aims to provide accessible, quality healthcare coverage to under-insured and uninsured populations through the federal Health Insurance Marketplace®.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
Rhea-AI Summary

Ambetter from Meridian, a Centene (NYSE: CNC) product, is expanding its health insurance offering to 34 counties across Michigan for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025. The company aims to provide affordable, comprehensive health coverage to under-insured and uninsured populations through the federal Health Insurance Marketplace®.

Key features of Ambetter from Meridian plans include:

  • Coverage of all essential health benefits
  • Virtual 24/7 Care for telehealth services
  • Convenient online enrollment process
  • My Health Pays® program offering up to $500 in rewards for healthy behaviors
  • Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)

The expansion covers various counties, including Allegan, Barry, Berrien, Calhoun, and Wayne, among others. Interested Michigan residents can visit ambetterhealth.com/en/mi/ for more information and enrollment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
-
Rhea-AI Summary

Ambetter from PA Health & Wellness, a Centene (NYSE: CNC) product, is expanding its health insurance offerings to 30 counties across Pennsylvania for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, to Jan. 15, 2025. The expansion includes 11 new central and western Pennsylvania counties.

Key features of Ambetter's 2025 plans include:

  • Coverage of all essential health benefits
  • Virtual 24/7 Care for telehealth services
  • Convenient online enrollment
  • My Health Pays program offering up to $500 in rewards
  • Premier Network (formerly Ambetter Health Bronze|Silver|Gold network)

The expansion aims to provide affordable and reliable coverage options to Pennsylvanians, with plans designed to fit various budgets and lifestyles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
-
Rhea-AI Summary

Ambetter from Home State Health, a Centene (NYSE: CNC) product, will offer health insurance plans across 109 Missouri counties for the 2025 plan year. Open enrollment runs from Nov. 1, 2024, to Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15, 2024.

Key offerings include:

  • Comprehensive coverage of essential health benefits
  • Virtual 24/7 Care for remote medical consultations
  • Convenient online enrollment process
  • My Health Pays® program with up to $500 in rewards
  • New Ambetter Health Solutions product for ICHRA arrangements
  • Rebranded Premier Network (formerly Bronze|Silver|Gold network)

Ambetter from Home State Health has been serving Missourians since 2018, providing affordable and reliable coverage to under-insured and uninsured populations through the federal Health Insurance Marketplace®.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
Rhea-AI Summary

Ambetter Health, a Centene (NYSE: CNC) product, will offer affordable health insurance plans to residents in 63 Florida counties for the 2025 plan year. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025. Ambetter Health provides coverage for all essential health benefits and offers additional features such as:

  • Virtual 24/7 Care
  • Convenient online enrollment
  • My Health Pays rewards program
  • Walgreens discounts on health products
  • Specific plan design changes for members with diabetes
  • Premier Network (formerly Bronze|Silver|Gold network)

The company aims to accommodate different budgets and provide access to services, benefits, and rewards tailored to Floridians' needs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none

FAQ

What is the current stock price of Centene Corporation (CNC)?

The current stock price of Centene Corporation (CNC) is $72.35 as of October 9, 2024.

What is the market cap of Centene Corporation (CNC)?

The market cap of Centene Corporation (CNC) is approximately 38.1B.

What services does Centene Corporation provide?

Centene offers a wide range of services including Medicaid, Medicare, specialty services like behavioral health management, dental benefits management, and telehealth services.

Who are Centene Corporation’s primary service recipients?

Centene primarily serves under-insured and uninsured individuals. This includes members enrolled in Medicaid, Medicare Advantage, and individual exchanges.

What recent financial achievements has Centene Corporation reported?

For the first quarter of 2024, Centene reported robust financial performance, with medical claims liabilities totaling $18.1 billion and a strategic growth plan aimed at expanding access to affordable, high-quality healthcare.

How is Centene addressing social issues such as homelessness?

Centene, through its subsidiary Health Net, donated $1.3 million to the We Are LA program to prevent evictions and combat homelessness, helping over 32,000 individuals and families maintain stable housing.

What partnerships has Centene recently formed to improve healthcare accessibility?

Centene partnered with Hazel Health to provide virtual healthcare access to students in Uvalde, Texas, and launched the MHS Serves initiative in Indiana to address health disparities.

How does Centene Corporation support state-sponsored healthcare programs?

Centene supports various state-sponsored healthcare programs, including Medicaid, CHIP, ABD, foster care, and LTC, ensuring comprehensive coverage for under-insured and uninsured populations.

What is the significance of Centene’s MHS Serves program?

The MHS Serves program is a $12 million initiative focused on health equity, aiming to reduce health disparities by supporting community-based programs and resources across Indiana.

How many medical members does Centene serve?

As of June 2023, Centene served approximately 24 million medical members, with a majority being part of Medicaid, individual exchanges, and Medicare Advantage plans.

What are some of the specialty services provided by Centene?

Centene provides specialty services such as behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, and telehealth services.

How does Centene ensure a local approach in its services?

Centene operates local health plans and teams to provide fully integrated, high-quality, and cost-effective services tailored to the specific needs of various communities.

Centene Corporation

NYSE:CNC

CNC Rankings

CNC Stock Data

38.06B
526.03M
0.27%
101.05%
1.99%
Healthcare Plans
Hospital & Medical Service Plans
Link
United States of America
ST LOUIS