Toney also was responsible for the acquisition of Wellcare, Magellan, and HealthSmart. Frederick H. Eppinger is president and CEO of Stewart Title Guaranty Company. The company continued to grow and was later renamed Centene Corporation around 1997. As previously announced, the Company will host a conference call Tuesday, April25, 2023, at approximately 8:30 AM (Eastern Time) to review the financial results for the first quarter ended March31, 2023. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. and during the company's earnings call Tuesday Centene executives offered a peek behind the curtain at ho . For corporate inquiries, please contact us at 314-725-4477. He spent more than 15 years as Executive Vice President of Markets, Products, International, and Chief Business Development Officer. The Company takes a local approach - with local brands and local teams - to . Financial and other information aboutCenteneis routinely posted and is accessible onCentene'sinvestor relations website,http://investors.centene.com/. The Company's days in claims payable was 54 days, which is flat as compared to the fourth quarter of 2022, and an increase of one day as compared to the first quarter of 2022. Fundamental company data and analyst estimates provided by FactSet. With its most recent Medicaid contract win in Delaware, Centene now has business in 30 states. Mr. Trubeck has a wide range of experience in public company governance and organizations with over $1 billion in revenues. Elizabeth Brinn is the founder of Centene Corporation. Currently, Centene Corp headquarters is located in St. Louis, Missouri. Below, we get to see the leaders and executives who with their expertise and fresh perspectives drive the company in the right direction. Total debt was $18.3 billion, which included $359 million of borrowings on our $2.0 billion revolving credit facility at quarter end. After 36 years in the military, Gen. Robinson left the Air Force in July 2018. Therefore, the Company believes that this information is meaningful in addition to the information contained in the GAAP presentation of financial information. He is also in charge of the companys value-based purchasing, making sure that the organization provides quality health care. Services include clinical healthcare and a cutting-edge healthcare analytics company. In addition, the, Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or, Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and, Net increase (decrease) in cash, cash equivalents, and restricted cash and cash, The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the Consolidated, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE CORPORATION NAMES ANIKA GARDENHIRE CHIEF CUSTOMER EXPERIENCE OFFICER, CENTENE ANNOUNCES CHANGES TO BOARD OF DIRECTORS, For the first quarter of 2023, premium and service revenues increased 2% to. Some of her previous positions in the company include vice president for internal audit and risk management in 2003, president and chief executive officer for Home State Health in 2012, senior vice president for integration management in 2015, senior vice president for human resource in 2017, and now as Chief Administrative Officer since 2021 to present. All forward-looking statements included in this press release are based on information available to us on the date hereof. Around 1997, Centene later expanded its corporate office in St. Louis, Missouri headquarters. In 2003, Shannon Bagley began working for Centene Corporation. He primarily works with providers and health systems to make new commercial contracts. (1) Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare PDP. At March31, 2023, the Company had cash, investments and restricted deposits of $35.1 billion and maintained $242 million of cash and cash equivalents in our unregulated entities, including $51 million in our international subsidiaries. Layton joined Centene in 2006. CASH, INVESTMENTS AND RESTRICTED DEPOSITS (in millions). Around March 2021, he was promoted to President of the U.S. Health Plans, Products, and International in March 2021. The effective tax rate was 18.8% for the first quarter of 2023, compared to 25.8% in the first quarter of 2022. James Dallas is the Centene board of directors chairman. Starting in January 2023, Delaware will give contracts to Delaware Health First, a subsidiary of Centene, along with the two existing MCOs. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, growth strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of our proposed acquisition of Magellan Health (the Magellan Acquisition), our recently completed acquisition of WellCare Health Plans, Inc. (WellCare and such acquisition, the WellCare Acquisition), other recent and future acquisitions, investments and the adequacy of our available cash resources. She has held various positions such as assisting the CEO and president of Centenes Missouri subsidiary and being a leader of Internal Audit and Enterprise Risk Management for several years. With more than 35 years of experience in health care, Centene Corporation is doing its best to leverage its technologies, expertise, analytics, and systems to come up with innovative solutions worldwide. Consultez le profil complet sur LinkedIn et dcouvrez les relations de Anjali, ainsi que des emplois dans des entreprises similaires. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Centene Plaza 7700 Forsyth Boulevard St. Louis, MO 63105 For member and provider inquiries and contact phone numbers, please contact the health plan in your state. Steady, organic growth and a series of strategic acquisitions have transformed us from a regional player to a national powerhouse. Centene (the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Source: FactSet. Bagley helped provide solutions to redesign the human resources operating model and talent infrastructure to allow business leaders to utilize talent initiatives for the company efficiently. "Our updated 2024 adjusted EPS target incorporates thoughtful recalibration of several factors, including our updated view of Medicaid redeterminations, our 2024 Medicare bid strategy, and high-impact investments in the business. Between 2011 and 2020, Centene grew from 1.8M members in 12 states to 25.5M members nationwide. Working at Health Leads kickstarted Londons career in health care. Associates degree, in related field or equivalent experience. corporate governance. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive, and other factors that may cause our or our industry's actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Important URLs: Mr. Layton has worked in the health care and public policy fields for over 20 years, gaining more senior roles. It was meant to be a nonprofit Medicaid plan whose sole purpose was to ensure that everyone has access to healthcare. James Dallas Chairman of the Centene Board of Directors, Sarah M. London Chief Executive Officer, Orlando Ayala Former Corporate Vice President and Chairman of Emerging Businesses for Microsoft Corporation, Jessica L. Blum Former Vice Chairman of Deloitte LLP, Kenneth Burdick Retired Executive Vice President of Products and Markets of Centene Corporation. Throughout the years of dedication and commitment to quality health care, Centene received health plan accreditations and program awards. Change value during other periods is calculated as the difference between the last trade and the most recent settle. from 8 AM - 9 PM ET. Under his management, Centene won contracts from Delaware. The tables below provide reconciliations of non-GAAP items ($ in millions, except per share data): GAAP net earnings attributable to Centene, Amortization of acquired intangible assets, Acquisition and divestiture related expenses. The business, operated in the basement of Family Hospital in Milwaukee, built its guiding principles on Brinn's experiences growing up in a Milwaukee County orphanage. He has stayed at Centene Corporation for more than two decades where he acquired previous positions as a consultant for five years and later as an employee in 2016. GAAP diluted earnings per share attributable to Centene. Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare Prescription Drug Plan (PDP). removing social barriers to health, and prioritizing responsible The Company also contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. We ensure quality care while reducing and managing costs, representing significant cost savings and budget predictability over state-paid programs. As Centenes Chief Information Officer, Brooks is responsible for leading a team of more than 6000 employees and contractors that develops and implements software and services for health plan members. LOUIS, March 1, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced four executive leadership appointments to support the company's continued growth and innovation. (4)Medicaid and Medicare membership includes 1,323,000, 1,291,300, 1,285,600, 1,252,600, and 1,231,500 D-SNP beneficiaries for the periods endingMarch31, 2023, December31, 2022, September30, 2022, June30, 2022, and March31, 2022, respectively. In February 2023, Fortune named Centene as one of America's Best Large . Richard A. Gephardt started Gephardt Group in 2005 after serving for 28 years in the U.S. Congress. 2 years of supervisory experience in the . This list of important factors is not intended to be exhaustive. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to: the impact of COVID-19 on global markets, economic conditions, the healthcare industry and our results of operations and the response by governments and other third parties; the risk that regulatory or other approvals required for the Magellan Acquisition may be delayed or not obtained or are obtained subject to conditions that are not anticipated that could require the exertion of management's time and our resources or otherwise have an adverse effect on us; the risk that Magellan Health's stockholders do not approve the definitive merger agreement; the possibility that certain conditions to the consummation of the Magellan Acquisition will not be satisfied or completed on a timely basis and accordingly the Magellan Acquisition may not be consummated on a timely basis or at all; uncertainty as to the expected financial performance of the combined company following completion of the Magellan Acquisition; the possibility that the expected synergies and value creation from the Magellan Acquisition or the WellCare Acquisition will not be realized, or will not be realized within the applicable expected time periods; the exertion of management's time and our resources, and other expenses incurred and business changes required, in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for the Magellan Acquisition; the risk that unexpected costs will be incurred in connection with the completion and/or integration of the Magellan Acquisition or that the integration of Magellan Health will be more difficult or time consuming than expected; the risk that potential litigation in connection with the Magellan Acquisition may affect the timing or occurrence of the Magellan Acquisition or result in significant costs of defense, indemnification and liability; a downgrade of the credit rating of our indebtedness, which could give rise to an obligation to redeem existing indebtedness; the possibility that competing offers will be made to acquire Magellan Health; the inability to retain key personnel; disruption from the announcement, pendency and/or completion and/or integration of the Magellan Acquisition or the integration of the WellCare Acquisition, or similar risks from other acquisitions we may announce or complete from time to time, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates due to the impact of COVID-19; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act (ACA) and the Health Care and Education Affordability Reconciliation Act, collectively referred to as the ACA and any regulations enacted thereunder that may result from changing political conditions, the new administration or judicial actions, including the ultimate outcome in "Texas v. United States of America" regarding the constitutionality of the ACA; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of pending or future legal and regulatory proceedings or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the possibility that the expected synergies and value creation from acquired businesses, including businesses we may acquire in the future, will not be realized, or will not be realized within the expected time period; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions; disruption caused by significant completed and pending acquisitions making it more difficult to maintain business and operational relationships; the risk that unexpected costs will be incurred in connection with the completion and/or integration of acquisition transactions; changes in expected closing dates, estimated purchase price and accretion for acquisitions; the risk that acquired businesses will not be integrated successfully; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. Centenes healthcare program mainly focuses on government healthcare programs for underinsured and uninsured individuals with a mission to make healthcare accessible to everyone. Executive Gov provides you with Free Daily Updates and News Briefings about Articles, Receive the Daily News Briefing And Events Updates Straight to Your Inbox. Centeneoffers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by theHealth Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. Sign Up Now! Any reduction in the "Incurred related to: Prior period" amount may be offset as Centene actuarially determines the "Incurred related to: Current period." Centeneoffers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by theHealth Insurance Marketplace and the TRICARE program. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Brent Layton oversees the management team in creating health plans, products, business marketing, and business development. [2] History [ edit] She also worked as chief product officer for Optum Analytics, where she is in charge of the strategy and commercialization of the companys integrated data and analytics. As of April25, 2023, the Company has a remaining amount of $2.2 billion available under the stock repurchase program. As the president and chief operating officer at Centene Corporation, Layton is responsible for all aspects of Health Plans, Products, Business Operations, Population Health and Clinical Operations, Marketing, Health Plan Medical, Specialty, International, and Business Development. Important URLs: Theodore Samuels is a retired president of Capital Guardian Trust Company. He served as Senior Vice President of Centene Corp. from November 2006 to November 26, 2012. In 1984, Elizabeth Betty Brinn, a hospital bookkeeper at the Milwaukee Family Hospital, founded Family Hospital Physician Associates. ExecutiveBiz follows the executive-level business activity that drives the government contracting industry. Net earnings per common share attributable to Centene Corporation: Weighted average number of common shares outstanding: Adjustments to reconcile net earnings to net cash provided by operating activities, Net cash provided by operating activities, Divestiture proceeds, net of divested cash, Payments and repurchases of long-term debt, Effect of exchange rate changes on cash, cash equivalents, and restricted cash, Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents, Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period, Cash, cash equivalents, and restricted cash and cash equivalents, end of period. Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. Supplemental disclosures of cash flow information: The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the ConsolidatedBalance Sheets to the totals above: Restricted cash and cash equivalents, included in restricted deposits, Total cash, cash equivalents, and restricted cash and cash equivalents. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. (1) A full reconciliation of the adjusted diluted earnings per share (EPS) and adjusted selling, general and administrative (SG&A) expenses is shown in the Non-GAAP Financial Presentation section of this release. I have worked across various industries in Global organisations including Pharmaceutical, Manufacturing, Energy, Business Services and Building Distribution. Being the leading health care company, it is committed to improving the quality of life for people with chronic illnesses and health challenges. The ranking recognizes our response to COVID-19 including our investment in infrastructure that helps Medicaid members access telehealth and removing barriers (like prior authorizations) to COVID-19 testing and care. The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. DeVeydt is also a former executive vice president and CFO of Anthem, Inc. Orlando Ayala is a retired chairman and corporate vice president of emerging businesses for Microsoft Corporation. In addition,the three months ended March 31, 2023, includes a one-time income tax benefit of $69 million resulting from the distribution of long-term stock awards to the estate of the Company's former CEO. Delivering a full spectrum of care from physical health to emotional wellness. International stock quotes are delayed as per exchange requirements. Centene Corporation, a Fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government-sponsored healthcare programs, focusing on under-insured and uninsured individuals. For example, she created the Employee Inclusion Groups, which aim to improve employee development, retention, and community engagement. The business used to operate in the basement of Family Hospital in Milwaukee. Through strategic care management programs and enhanced collaboration, we're working to improve the health of the community one person at a time. Centene Corporation is a publicly traded managed care company based in St. Louis, Missouri. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Empowering people to create and maintain lifelong healthy habits. Centene Corporation Executive Team Sarah M. London, Chief Executive Officer Brent Layton, President, and Chief Operating Officer Drew Asher, Chief Financial Officer Shannon Bagley, Executive Vice President, and Chief Administrative Officer Centene Corporation Leadership Here is the list of the latest directors and independent directors of the company. Its operations are primarily divided into two: Managed Care and Specialty Services. Mr. Asher joined Centene in conjunction with the closing of the WellCare acquisition in January 2020 where he served as executive vice president. When typing in this field, a list of search results will appear and be automatically updated as you type. build and develop consensus with business unit executives and the ability to . Mark Brooks is Centene Corporations chief information officer and president. Her responsibilities include the following: Shannon Bagley joined Centene Corporation in 2003. This list of important factors is not intended to be exhaustive. Brent Layton also marked a notable contribution to the government by helping them to do Medicaid reform. In January 2020, Wayne S. DeVeydt was promoted to the executive chairman position of Surgery Partners, Inc. Health benefits ratio (HBR) of 87.0% for the first quarter of 2023 represents a decrease from 87.3% in the comparable period in 2022. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Centene Corporation Leaders Founders Executives and other members of the executive and leadership team pave the way for the company successfully reach its goals. Chris Coughlin is the former executive vice president and CFO of Tyco International, Ltd. Chris Coughlin has vast experience producing shareholder value as a senior finance and operations executive at a wide range of global public firms.
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