Centene Corp Del Stock Price, News & Analysis

Centene Corporation (NYSE: CNC) announced the release of its 2022 second quarter financial results on July 26, 2022, at 6 a.m. Eastern Time. A conference call will follow at 8:30 a.m. Eastern Time to discuss the results. Interested parties can participate by calling 1-877-883-0383 in the U.S. or via international dialing. The call will also be available as a live audio webcast on Centene's website, with a replay accessible for 12 months. Centene, a Fortune 500 company, focuses on delivering integrated healthcare services, particularly to under-insured individuals.

Centene Corporation (NYSE: CNC) has updated its 2022 guidance, increasing Premium and Service Revenues by $2.0 billion to a range of $134.3 billion to $136.3 billion and Adjusted Diluted EPS guidance to $5.55 to $5.70. The company plans to reduce its real estate footprint, anticipating one-time costs of $1.5 to $1.65 billion but expects to cut annualized leased real estate expenses by $180 million to $200 million. Additionally, the Board has authorized a $3 billion increase to its stock repurchase program and a $1 billion debt repurchase program.

Health Net, a leading Medi-Cal partner in California, has announced a collaboration with MedArrive to provide in-home COVID-19 vaccinations for vulnerable members and their families. This initiative targets areas like Los Angeles, Sacramento, and Fresno, facilitating access for those facing social and economic barriers. Eligible members can schedule home visits with licensed healthcare professionals. The program is part of Health Net's broader efforts to enhance health equity and increase vaccination rates among underserved populations in California.

Centene Corporation (NYSE: CNC) will hold a virtual Investor Meeting on June 17, 2022. The meeting will feature insights from senior management and will be live-streamed on the Centene website under the Investors section. Centene, a Fortune 25 healthcare leader, focuses on providing high-quality and cost-effective services to under-insured and uninsured individuals. The company serves nearly 1 in 15 people in the U.S. and operates in international markets, ensuring long-term growth and value creation for its members and community.

Health Net has released a report titled Innovating Within Medi-Cal, outlining strategies to improve healthcare access and reduce disparities for vulnerable Californians. The report emphasizes leveraging data to identify at-risk populations and implementing simple solutions to enhance patient engagement. Health Net has invested over $100 million since 2017 in community initiatives. Key recommendations include investing in data infrastructure and designing interventions that minimize complexity, aiming to close health outcome gaps.

The Behavioral Health Center of Excellence (BHCOE) has teamed up with Centene Corporation (NYSE:CNC) to enhance Applied Behavioral Analysis (ABA) treatment delivery, targeting improved access for individuals with autism and related developmental disabilities. This partnership leverages BHCOE's expertise in quality measurement with Centene's commitment to integrated healthcare services. With a reported 18% rise in autism diagnoses among children from 2016 to 2018, this collaboration aims to establish national healthcare quality standards for behavioral health and improve ABA services within a value-based care framework.

Centene Corporation (NYSE: CNC) announced that its Missouri subsidiary, Home State Health, has secured the MO HealthNet Managed Care General Plan and Specialty Plan. This contract allows Home State to serve various Medicaid programs, including 40,000 foster children. The plan aims to provide trauma-informed healthcare services for children in custody. This one-year contract also includes options for four renewals. Currently, Home State Health supports over 300,000 Medicaid enrollees and partners with 25,000 healthcare providers in Missouri.