Welcome to our dedicated page for Centene Del news (Ticker: CNC), a resource for investors and traders seeking the latest updates and insights on Centene Del stock.
Centene Corporation (NYSE: CNC) news coverage tracks developments from the largest Medicaid managed care organization in the United States. As a Fortune 500 healthcare company managing coverage for tens of millions of Americans through government-sponsored programs, Centene's announcements carry implications for state healthcare policy, Medicare beneficiaries, and the managed care industry.
The company's news flow reflects its diverse operations across Medicaid, Medicare Advantage, and marketplace exchange businesses. Subsidiary announcements from Wellcare regarding Medicare enrollment periods and plan offerings appear regularly, as do updates from regional health plans like Health Net, Meridian, and Ambetter regarding community investments and local market initiatives. State contract awards, renewals, and Medicaid program developments generate coverage given their direct impact on the company's membership and revenue.
Earnings reports reveal segment performance across Centene's government program mix and specialty services businesses. Investor attention focuses on medical cost trends, membership growth, quality ratings, and contract developments. Material events disclosed through SEC filings—including executive changes, litigation developments, and strategic transactions—surface through this news feed alongside company announcements.
Community health initiatives represent a consistent theme in Centene's communications, reflecting the company's focus on social determinants of health. Partnerships addressing food insecurity, housing stability, and healthcare access for underserved populations demonstrate the company's approach to member engagement and state contract requirements. Follow this page for Centene earnings, contract announcements, subsidiary developments, and healthcare policy news affecting managed care organizations.
Superior HealthPlan, a Texas managed care organization and Centene (NYSE: CNC) subsidiary, has awarded a $25,000 grant to NAMI El Paso as part of its 25-year anniversary celebration. The grant will support mental health programs for children and youth in the El Paso area.
NAMI El Paso will use the funding to expand its youth outreach through free, evidence-based, 50-minute learning sessions for middle and high school students. Since 2020, Superior has provided over $600,000 in grant funding to hundreds of community organizations. The company is also offering additional $10,000 grants to be awarded in April 2025, with applications due by March 31, 2025.
NAMI El Paso, established in 1986, has grown from a grassroots organization to become a important part of the community's mental health support system, offering peer-led support groups, educational programs, and advocacy initiatives.
Centene (NYSE: CNC) has announced its 2025 financial guidance, projecting adjusted diluted EPS of greater than $7.25, representing over 6% year-over-year growth. The company also reaffirmed its 2024 adjusted diluted EPS guidance of greater than $6.80.
Key 2025 projections include: total revenues of $166.5-169.5 billion, premium and service revenues of $154.0-156.0 billion, health benefits ratio of 88.4-89.0%, and SG&A expense ratio of 8.1-8.7%. The company serves more than 28 million members and maintains its 2024 premium and service revenues guidance of $143.5-144.5 billion.
Centene (NYSE: CNC) has announced that its upcoming Investor Day will be held virtually on Thursday, December 12, 2024, at 8:30 a.m. Eastern Time. The change to a virtual format comes following the tragic loss of UnitedHealthcare's CEO Brian Thompson.
CEO Sarah M. London expressed condolences, noting Thompson's contributions to healthcare access and his impact on industry professionals. The virtual event will be accessible through a live webcast on Centene's website, with a replay available for 12 months following the presentation.
Centene Foundation announces a $3 million, three-year partnership with the National Association of Community Health Centers (NACHC) to strengthen Community Health Centers (CHCs) nationwide. The initiative focuses on two main areas: enhancing value-based care adoption and improving maternal-child health outcomes.
The partnership includes a national value-based care strategy starting with an annual survey to assess CHCs' participation in value-based payment models, followed by a tailored learning curriculum through NACHC's Elevate platform. Additionally, it will launch a Maternal Health Innovation Exchange, implementing an 18-month quality improvement program in up to 20 health centers.
NACHC represents nearly 1,500 CHCs operating across 16,000 clinics, serving 32.5 million people nationwide, including one in five Medicaid beneficiaries. The centers provide comprehensive primary care services to historically underserved populations.
Centene (NYSE: CNC) has announced plans to host an investor day event on Thursday, December 12, 2024, beginning at 8:30 a.m. Eastern Time. The healthcare enterprise will make the event accessible through a live webcast on their website's Investors section. Interested parties can access the event directly through a provided webcast link, and a replay will be available for on-demand viewing for 12 months following the event.
Meridian Health Plan of Illinois, a Centene company (NYSE:CNC), has partnered with Liberty Bank and Trust to launch a small business loan program in Illinois. The initiative features a $500,000 grant from Meridian that will support $2.5 million in lending power, offering loans ranging from $10,000 to $50,000 to small businesses, particularly diverse and minority-owned enterprises. The Liberty's Lighting Loan Program provides fast application processing within 48 hours and includes supplemental educational programming. The program, which began accepting applications in October, aims to enhance business capabilities and improve operations across Illinois communities.
Sunshine Health, Florida's largest managed care organization and a Centene company (NYSE: CNC), announced the appointment of Charlene Zein as Plan President and CEO, effective Nov. 3, 2024.
Zein brings nearly two decades of healthcare industry experience, having held various leadership roles at Sunshine Health since joining in 2019. Most recently, she served as Chief Product President, overseeing Medicaid, Marketplace, and Medicare products. Zein played a key role in driving growth in the Marketplace product and was instrumental in Florida's successful Medicaid contract reprocurement.
Centene CEO of Markets and Medicaid, Nathan Landsbaum, expressed confidence in Zein's leadership to further expand Sunshine Health's impact and growth. Zein stated her commitment to ensuring high-quality healthcare access for Floridians and collaborating with government, provider, and community partners.
Sunshine Health provides health coverage to over 2.5 million Floridians through its Medicaid, Marketplace, and Medicare products.
Centene (NYSE: CNC) announced that its subsidiary, Buckeye Health Plan, has been selected by the Ohio Department of Medicaid to continue providing Medicare and Medicaid services through a Fully Integrated Dual Eligible Special Needs Plan (FIDE SNP). The program will transition to Next Generation MyCare plans in January 2026, covering 29 counties initially with planned statewide expansion by 2027. Buckeye, one of four selected health plans, currently serves over 9,000 members across 12 counties. The new contract focuses on addressing healthcare barriers and social drivers of health. Additionally, Centene's Meridian Health Plan was selected for a similar program in Michigan.
AcariaHealth, a Centene specialty pharmacy, received multiple recognitions at the 2024 National Association of Specialty Pharmacy (NASP) Annual Meeting. Notable achievements include John Nguyen winning the NASP Specialty Pharmacist of the Year Award, while the company and two other team members were named finalists in their respective categories. The company also presented research findings on patient adherence through two poster abstracts focusing on improving therapy persistence and enhancing medication adherence in oncology. AcariaHealth's leadership team was featured in the NASP 2024 Spotlight Series podcast, discussing industry insights and patient care initiatives.
Ambetter of Illinois, a Centene product managed by Meridian Health Plan, has expanded its provider network by adding Advocate Health Care. This expansion gives Ambetter members immediate access to Advocate's 11 hospitals, 300 sites of care, 6,500 physicians, and 11,000 nurses in the Chicagoland area. Members can access various specialties including cancer care, heart & vascular care, orthopedics, and women's health. The network expansion is effective immediately for current members and those enrolling during the Open Enrollment period from November 1, 2024, through January 15, 2025.
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