The U.S. health insurance industry, referred to as Health Maintenance Organization (“HMO”), is poised to benefit from an expanding customer base, ensuring a steady stream of premium income for its participants. Anticipated interest rate cuts in 2025 are likely to revive merger and acquisition (M&A) activity within the sector. While investments in technology aim to enhance operational efficiency, they often lead to increased costs for industry players. Additionally, the persistent shortage of medical personn ...

New leadership role reflects Centene's focus on ICHRA growthST LOUIS, Jan. 9, 2025 /PRNewswire/ -- Centene Corporation ("Centene") [NYSE: CNC], a leading healthcare enterprise committed to helping people live healthier lives, is pleased to announce that Alan Silver has joined the organization as the President of its Ambetter Health Solutions business, which focuses on ICHRA (Individual Coverage Health Reimbursement Arrangements). This newly created role reflects Centene's belief that consumers increasingly ...

Emergency Response and Member Support - Health Net is providing special assistance to members affected by the Palisades Fire and windstorm conditions in Los Angeles and Ventura Counties, ensuring uninterrupted access to essential prescription medications, critical information, and healthcare services [1] - Members have access to Health Net Behavioral Health Services for coping support, including referrals to mental health counselors, local services, and phone consultations, available 24/7 [2] - Health Net offers telehealth services at no cost during the State of Emergency, allowing members to access video medical appointments if they cannot reach their primary care provider [3] Healthcare Provider Support - Doctors and nurse practitioners can call Health Net for assistance with various needs, including emergency prescription refill guidelines and escalating approvals to reduce turnaround times [4][7] - Health Net may take additional steps to ensure members have access to necessary healthcare services depending on the duration of the emergency [4] Company Overview - Health Net, a subsidiary of Centene Corporation, has been operating in California for over 45 years and serves more than three million members across the state [5] - The company provides health plans for individuals, families, businesses, and those who qualify for Medi-Cal or Medicare, with a network of over 90,000 providers [5] - Health Net offers access to substance abuse programs, behavioral health services, employee assistance programs, and managed healthcare products related to prescription drugs [5] Emergency Medication Access - Members affected by the Palisades Fire and windstorm conditions can obtain an emergency supply of medication from their original drug store, or call Health Net for assistance if the store is closed [6]

MHS Serves supports the advancement of programs and innovations to improve health equity efforts statewide. INDIANAPOLIS, Jan. 7, 2025 /PRNewswire/ -- MHS Serves, a health equity program from Managed Health Services (MHS), a managed care entity that has been proudly serving the state of Indiana for over 25 years and a Centene Corporation company (NYSE: CNC), announced today the next funding opportunity for community organizations focused around youth mental health. This new partnership opportunity, Youth Me ...

Centene Corporation (CNC) currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.CNC’s Zacks Rank & Price PerformanceCentene currently carries a Zacks Rank #3 (Hold).The stock has gained 5.1% in the past month against the industry’s 8.3% decline. The Zacks Medical sector declined 6.1% while the S&P 500 composite decreased 1.4% in the same time frame.Image Source: Zacks Investment ResearchCentene’s Robust Growth Pro ...

Health Net Assisting Members During State of EmergencySACRAMENTO, Calif., Dec. 18, 2024 /PRNewswire/ -- In response to Gov. Gavin Newsom's declared state of emergency in California, Health Net, one of the state's most experienced Medi-Cal managed care health plans and company of Centene Corporation (NYSE: CNC), is providing special assistance to members affected by the Bird Flu. Health Net is committed to ensuring its members have uninterrupted access to essential prescription medications, critical Health N ...

The funding will help address the mental health needs of local children and youth. AUSTIN, Texas, Dec. 16, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization in Texas and a company of Centene Corporation (NYSE: CNC), announced today that National Alliance on Mental Illness (NAMI) El Paso has been awarded a $25,000 grant in recognition of Superior's 25-year anniversary celebration. The funding will be used to help support the mental health needs of children and youth i ...

Centene Corporation (CNC) recently revealed its 2025 outlook at its investor day, reaffirming its 2024 guidance.The company continues to expect premium and service revenues within $143.5-$144.5 billion, up from the 2023 figure of $140.1 billion.Adjusted earnings per share (EPS) is projected to be at least $6.80, suggesting a significant improvement from the 2023 reported figure of $6.68. The Zacks Consensus Estimate for the same is currently pegged at $6.83 per share. The company also reiterated its HBR gui ...

Financial Guidance - For fiscal year 2025, Centene Corporation expects total revenues between $166.5 billion and $169.5 billion, slightly above the consensus of $166.58 billion [1] - The guidance includes premium and service revenues projected at $154.0 billion to $156.0 billion [1] - The company anticipates GAAP EPS greater than $6.19 and adjusted EPS greater than $7.25, compared to the consensus of $6.97 [1] Health Benefits Ratio and Expenses - Centene expects a Health Benefits Ratio (HBR) of 88.4% to 89.0% for 2025 [2] - The forecast for selling, general, and administrative (SG&A) expense ratio is between 8.1% and 8.7%, with an adjusted SG&A expense ratio also in the same range [2] 2024 Guidance Reaffirmation - The company reaffirms its 2024 premium and service revenues guidance of $143.5 billion to $144.5 billion [3] - HBR guidance for 2024 is set at 88.3% to 88.5% [3] - Adjusted diluted EPS guidance for 2024 is greater than $6.80 [3] Company Mission and Operations - Centene is dedicated to delivering high-quality outcomes for over 28 million members, focusing on medically complex and historically underserved populations [4] - The company has improved core operations and invested in customer and provider experiences while meeting financial commitments [4] Stock Performance - CNC stock increased by 1.92%, reaching $57.99 during the last check on Thursday [6]

-- 2025 adjusted diluted EPS of greater than $7.25 ---- Reaffirms 2024 adjusted diluted EPS guidance of greater than $6.80 --ST. LOUIS, Dec. 12, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("the Company"), a leading healthcare enterprise committed to helping people live healthier lives, today will host its investor day to outline its 2025 financial guidance."Centene is a mission driven organization, dedicated to delivering high quality outcomes for more than 28 million members, many of whom are amo ...