Welcome to our dedicated page for Centene news (Ticker: CNC), a resource for investors and traders seeking the latest updates and insights on Centene stock.
Centene Corporation reports news on its government-sponsored managed care business, including Medicaid, Medicare, individual exchange coverage and Medicare Part D plans. Company updates commonly cover quarterly results, EPS guidance, membership by line of business and health-plan subsidiary activity across state markets.
Centene news also includes initiatives from the Centene Foundation and operating companies such as Health Net, Superior HealthPlan, Home State Health, Sunshine Health, Buckeye Health Plan, Carolina Complete Health and WellCare of Kentucky. Recurring themes include affordable housing, medically tailored meals, provider accessibility, workforce development, community health, social services and programs that address drivers of health for managed care members.
Superior HealthPlan, a Texas-based managed care organization and subsidiary of Centene (NYSE: CNC), has announced its annual grant program offering $200,000 in total funding. The program will select 20 recipients - ten community-based organizations and ten providers - each receiving $10,000 to address non-medical health drivers in low-income Texas neighborhoods.
Applications are open until March 31, 2025, with funding disbursement scheduled for April. Since 2020, Superior has provided over $740,000 through this initiative. The grants target social determinants of health, including food access, economic stability, housing, and education.
Eligible recipients must serve the Medicaid population in Texas, complete required documentation by April 30, 2025, and participate in an end-of-term follow-up visit by December 15. The funding cannot be used for staff salaries or benefits.
Superior HealthPlan, a Centene company (NYSE: CNC), celebrated its ninth consecutive year of No One Eats Alone® Day across Texas schools in February 2025. The initiative, sponsored by the Centene Foundation and organized by Beyond Differences, reached thousands of students across 16 Texas schools.
The program aims to combat social isolation and build a culture of belonging in schools. This year's nationwide event saw participation from 1.5 million students who engaged in lessons, interactive exercises, and creative art projects designed to make schools more welcoming for everyone.
The initiative aligns with CDC findings that social isolation and loneliness can lead to serious mental and physical health conditions. Former U.S. Surgeon General Dr. Vivek Murthy has endorsed Beyond Differences' peer-to-peer support programs for their role in building connection and self-esteem in schools.
Centene (NYSE: CNC) has appointed Kenneth Y. Tanji to its Board of Directors, effective February 20, 2025, expanding the board to 12 members. Tanji will serve on the Company's Audit and Compliance Committee.
Tanji brings over three decades of financial expertise, including experience in capital optimization strategies, strategic acquisitions, and JV partnership models. He previously served as Executive Vice President and CFO of Prudential Financial from 2018 to 2024, where he held various leadership roles since 1988 across insurance, health insurance, annuities, and investment management divisions.
Currently, Tanji serves on the Board of The Public Service Enterprise Group, a $10.4 billion diversified energy services company, and teaches Corporate Finance at Rutgers University.
Health Net, a Medi-Cal managed care health plan and Centene (NYSE: CNC) company, is supporting No One Eats Alone® Day on February 14, 2025, a prevention initiative aimed at fostering inclusion and ending social isolation in schools. The program, reaching over 1.5 million students nationwide, is sponsored by the Centene Foundation.
The initiative provides participating schools with free Belonging Boxes containing lesson plans, student leadership guides, and materials for art projects in both English and Spanish. In 2024, the Centene Foundation registered 443 schools across 12 states, and Sandy Hook Promise will distribute over 3,200 Belonging Boxes to schools in all 50 states for the 2025 event.
The program addresses social isolation, which the CDC identifies as a risk factor for mental and physical health conditions. Beyond Differences, which established the initiative, merged with Sandy Hook Promise in September 2024 to strengthen their youth-centered missions.
Superior HealthPlan, a Texas-based managed care organization and Centene (NYSE: CNC) subsidiary, has earned the Best Place for Working Parents® designation for the fifth consecutive year. The recognition, supported by Early Matters Greater Austin, highlights Superior's commitment to family-friendly workplace policies.
The company has implemented several key benefits including:
- Up to 14 weeks of fully paid parental leave for birthing employees and 6 weeks for caregiving
- Remote and hybrid work arrangements for over 90% of employees
- Up to $7,500 reimbursement per child for adoption and surrogacy expenses
- 8 hours of paid volunteer time off annually
- Comprehensive health and wellness programs
Superior, which serves nearly two million people across Texas, was among the first organizations in Austin to be recognized as a Family-Friendly Workplace in 2019, demonstrating its ongoing dedication to supporting working parents through comprehensive workplace policies and benefits.
'Ohana Health Plan and the Centene Foundation have awarded a $550,000 grant to Hawai'i Island Community Health Center (HICHC) to fund their 'Gateway to Health' project. The initiative will provide a new mobile health clinic to expand school-based health services for children in rural Hawai'i Island over two years.
The mobile clinic will complement HICHC's existing School-Based Health Centers (SBHC) across five locations serving eight schools, bringing medical, dental, and mental health services directly to students in underserved areas. This approach aims to meet state health requirements, reduce absenteeism, and enhance academic performance by eliminating barriers to care such as transportation and time constraints.
The mobile health clinic is scheduled to begin operations at the start of the 2025-2026 school year, helping families avoid missed work and transportation challenges while reducing long-term healthcare costs for the community.
Superior HealthPlan, a Texas-based managed care organization and Centene (NYSE: CNC) subsidiary, has released its 2024 community investment report. The company collaborated with 759 community partners, participated in 2,200 events, and contributed $1.2 million in grants, sponsorships, and employee donations throughout Texas.
Key initiatives included funding 20 hygiene closets with a $145,000 investment, providing personal care items and necessities. The company also invested $250,000 in virtual care access for Uvalde school district students through Hazel Health, and continued supporting sensory-friendly movie screenings for families affected by autism.
Centene (NYSE: CNC) reported strong financial results for 2024, with adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. The company saw significant membership growth with 12% increase in Marketplace and 50% in Medicare PDP compared to Q4 2023.
Total revenues reached $163.1 billion for the full year, with premium and service revenues of $145.5 billion, representing a 4% increase from 2023. The company executed $3.0 billion in share repurchases during 2024.
Key performance metrics include an 88.3% health benefits ratio and 8.5% SG&A expense ratio for the full year. The company increased its 2025 premium and service revenues guidance by $4.0 billion, driven by Medicaid revenue and better-than-expected Medicare Advantage and PDP membership performance.
Centene (NYSE: CNC) has announced it will release its 2024 fourth quarter and year-end financial results on Tuesday, February 4, 2025, at approximately 6:00 a.m. ET. The company will host a conference call at 8:30 a.m. ET to discuss the results.
Investors can join the call by dialing 1-877-883-0383 (U.S. and Canada) or +1-412-902-6506 (international) with Elite Entry Number 1342288. Alternatively, they can access a live audio webcast on Centene's website. The webcast replay will be available for 12 months until February 3, 2026. A digital audio playback will be accessible until February 11, 2025, using specific dial-in numbers and access code 8418535.
'Ohana Health Plan, a Centene (NYSE: CNC) company, has partnered with Hope Services Hawaii to launch a first-of-its-kind residential program for integrated clinical care in Hilo, Hawaii. The program features a six-bed facility exclusively for 'Ohana members experiencing homelessness with complex behavioral and medical needs.
The program provides comprehensive care including behavioral health case management, licensed BH clinician services, APRN medication management, and housing case managers. Members receive integrated, sustained clinical care and case management during an average one-year stay. The facility is located on County of Hawaii property, leased to Hope Services.
This innovative model aims to reduce emergency room visits and inpatient care expenses while improving overall health outcomes by providing concentrated access to care for vulnerable members.