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) generates a steady flow of news related to government-sponsored healthcare programs, local health plans, and community health initiatives. As a Fortune 500 healthcare enterprise, Centene and its subsidiaries regularly issue updates on Medicaid and Medicare activities, Marketplace products, investor communications, and efforts to address social drivers of health such as food insecurity.
News items for Centene often feature announcements from local health plans that are companies of Centene Corporation. Examples include Health Net in California, Meridian Health Plan of Illinois, Ambetter Health Marketplace offerings, Coordinated Care in Washington, and specialty pharmacy activities from AcariaHealth. These stories cover topics such as value-based care partnerships, emergency assistance for members during natural disasters, public service announcements promoting preventive care, and investments in food banks and mobile pantry programs.
Investors and analysts following CNC can also find coverage of earnings-related events and financial communications. Centene files Form 8-K reports on quarterly results, updates to financial guidance, participation in healthcare conferences, and changes in board composition. These disclosures provide insight into the company’s financial outlook, use of non-GAAP measures, and governance developments.
For stakeholders interested in public health and community impact, Centene-related news highlights grants and collaborations with food banks, community organizations, and nutrition programs across multiple states. These initiatives illustrate how the enterprise and the Centene Foundation seek to improve access to nutritious food and support whole-person health. This news page brings together such corporate, financial, and community-focused updates for Centene Corporation and its affiliated health plans.
Centene Corporation (NYSE: CNC) reported a 2022 full year diluted EPS of $2.07 and adjusted diluted EPS of $5.78, reflecting a 12% growth. Total revenues rose 15% to $144.5 billion. The health benefits ratio stood at 87.7%. Centene executed $3.0 billion in share repurchases and completed five divestitures, including Magellan Rx and HealthSmart. For 2023, Centene increased its premium and service revenues guidance by $2.0 billion. The company also noted leadership changes and received recognition for gender equality and diversity.
Superior HealthPlan, a Texas-based managed care company and subsidiary of Centene Corporation (CNC), has been recognized as a Best Place for Working Parents for the third consecutive year. This accolade highlights Superior's commitment to workplace flexibility and family-friendly policies. Key benefits include up to 14 weeks of paid parental leave, expanded remote work options for over 90% of staff, and an adoption reimbursement program. Mark Sanders, President and CEO, emphasized the importance of a supportive work environment since the pandemic. Superior has previously earned the Family-Friendly Workplace designation, underscoring its commitment to employee engagement.
Health Net, a leading partner in Medi-Cal, announced the launch of its Review to Renew campaign to assist Medi-Cal members in California as annual redetermination resumes on April 1, 2023. This campaign aims to educate approximately 13 million Medi-Cal beneficiaries about the importance of updating their eligibility information to maintain coverage. During the public health emergency, the federal government waived eligibility checks, causing many to retain coverage without verification. The initiative will utilize various communication methods, including mailers, digital ads, and community events.
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In 2022, Superior HealthPlan, a subsidiary of Centene Corporation (NYSE:CNC), engaged in extensive community support across Texas, addressing healthcare challenges like COVID-19 and mental health issues. The organization's Community Investment Report highlights partnerships with over 425 organizations and participation in more than 1,100 events. Superior allocated a total of $8.8 million for various initiatives, including the New Uvalde Community Center project worth $7.9 million. Their efforts also included funding hygiene closets, sensory-friendly events, and supporting United Way chapters, reinforcing their commitment to improving community health and well-being.
Health Net Federal Services (HNFS), a subsidiary of Centene Corporation (NYSE:CNC), announced the arrival of three Military Transition Interns starting in January 2023. This initiative, in partnership with the Department of Defense SkillBridge Program and Hiring our Heroes, allows active-duty service members to gain industry experience during their transition to civilian life. The interns include Air Force Colonel Pedro Burton-Taylor, Army Major Sara Skiles, and Senior Master Sergeant Roxanne Cristobal. HNFS has been servicing nearly 2.9 million beneficiaries in the TRICARE West Region, contributing to military healthcare advancements.
Centene Corporation (NYSE: CNC) has successfully completed the divestiture of Magellan Specialty Health to Evolent Health, receiving approximately $660 million at closing. The proceeds include $400 million in cash and the rest in Evolent stock, with potential additional payments of up to $150 million in 2024 based on performance metrics. This transaction marks a key milestone in Centene's portfolio review and value creation strategy. The partnership with Evolent is expected to enhance access to integrated specialty solutions for members and providers.
Centene Corporation (NYSE: CNC) has announced it will release its 2022 fourth quarter and full year financial results on February 7, 2023, at approximately 6 a.m. ET. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can join the call by dialing 1-877-883-0383 (U.S.) or +1-412-902-6506 (international), with an Elite Entry Number of 6826970. A replay will be available for 12 months post-call. Centene is committed to providing integrated, cost-effective healthcare services to underserved populations, emphasizing long-term growth and value creation.
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Centene Corporation (NYSE: CNC) announced that its California subsidiary, Health Net, has been awarded direct contracts by the California Department of Health Care Services, allowing them to serve Medi-Cal members in 10 counties, including Los Angeles and Sacramento. The new contracts will commence on January 1, 2024. Health Net aims to improve healthcare delivery and health equity for millions of members. The company lifted its projected 2024 adjusted EPS floor to $7.15 from $7.00.