Centene's Corporate Sustainability. Financial and other information aboutCenteneis routinely posted and is accessible onCentene'sinvestor relations website,http://investors.centene.com/. Centene Corporation provides government-backed high-quality and cost-effective healthcare services to uninsured and underinsured American consumers. 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. She was previously the companys vice chairman. Consultez le profil complet sur LinkedIn et dcouvrez les relations de Anjali, ainsi que des emplois dans des entreprises similaires. Brent Layton managed the implementation and development of the latest health plans and global operations. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments, and other factors we believe appropriate. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Investors and other interested parties are invited to listen to the conference call by dialing 1-877-883-0383 in the U.S. and Canada; +1-412-902-6506 from abroad, including the following Elite Entry Number: 8655989 to expedite caller registration; or via a live, audio webcast on the Company's website at www.centene.com, under the Investors section. (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. 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. Our commitment to quality improvement has earned us numerous health plan accreditations and program awards. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. -- Diluted EPS of $2.04; Adjusted Diluted EPS of $2.11 --, --Increases 2023 Full Year Guidance and Updates 2024 Target --. Brent Layton also marked a notable contribution to the government by helping them to do Medicaid reform. Centene Corporation's Executive Team ranks in the Top 40% of other companies in Saint Louis, MO and Top 35% of other companies on Comparably . Brent Layton became the president of the U.S. Health plans, Products, and International. 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. To provide clarity on the way management defines certain key metrics and ratios, the Company is providing a description of how the metric or ratio is calculated as follows: In addition, the following terms are defined as follows: Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. Her primary task is aligning Centenes human capital strategy with its business strategy. Biography. for the three months ended March 31, 2023: Magellan Specialty Health divestiture gain of $0.14 ($0.12 after-tax) and real estate impairments of $0.05 ($0.04 after-tax). All statements, other than statements of current or historical fact, contained in thispress release are forward-looking statements. BOSTON, Dec 14 (Reuters) - Centene Corp (CNC.N) reached a deal with activist investment firm Politan Capital Management in which five new directors will join the managed care company's board. Our specialty companies provide a variety of products and services to deliver integrated healthcare to our members and other organizations. Centene Corporation employees rate their Executive Team in the Top 35% of similar size companies on Comparably with 10,000+ Employees. Who Is the Founder of Centene Corporation? These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Through executive interviews, policy spotlights and news stories on corporate activity, ExecutiveBiz stays on top of whats shaping the industry and how GovCon leaders are positioning their businesses to win the federal business of tomorrow. He has led the successful integration of two $10+ billion health plans. Effective March 1, 2021, the following appointments have been made: Mr. Layton, Ms. London, and Ms. Bagley will continue to report toMichael Neidorff, Chairman, President and Chief Executive Officer ofCentene. The increases were driven by growth in the Marketplace business, which operates at a higher SG&A ratio. 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. He has over two decades of experience with expanding responsibility in public policy and health care sectors. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. 2 years of supervisory experience in the . The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. New Engineer jobs added daily. ST. LOUIS, April 25, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its financial results for the first quarter ended March31, 2023. In February 2023, Fortune named Centene as one of America's Best Large . The following table sets forth our membership by line of business: Membership includes Temporary Assistance for Needy Families (TANF), Medicaid Expansion, Children's Health Insurance Program (CHIP), Foster Care, and Behavioral Health. He joined WellCare in August 2014 as senior vice president. Executive Mosaic 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. 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. The New Jersey Chapter recently named Mr. Coughlin a 2022 Director of the Year. 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. Centene ranked No. The premier source of breaking business news for the government contracting industry, GovCon Wire provides informative, to-the-point stories of the most significant contract awards, top-level executive moves, M&A activities and financial results of the sectors most notable players. Ms. London . The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. Keith Williamson is the president of Centene Charitable Foundation. 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 Leadership Team Katie Casso, Senior Vice President, Corporate Controller, and Chief Accounting Officer The company continued to grow and was later renamed Centene Corporation around 1997. Executive Vice President; Chief Financial Officer Senior Management Since: 2021 Age: 54. Also, he served as executive vice president and chief financial officer of WellCare Health Plans beginning in October 2014. Serving as the head of Human Resources, Bagley revamped the HR operating model and talent infrastructure. In addition, the three months ended March 31, 2023, includes a one-time income tax benefit $0.13 resulting from the distribution of long-term stock awards to the estate of the Company's former CEO. 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. To use social login you have to agree with the storage and handling of your data by this website. These products and services include pharmacy services, vision and dental health, and administrative services for the TRICARE West region. I'm a HR Business Change Manager specialising in organisation design, digitalisation and analytics. Our core philosophy is that quality healthcare is best delivered locally. for the year ended December 31, 2023, an estimated: $0.14 ($0.12 after-tax) of Magellan SpecialtyHealth divestiture gain and real estate impairments of $0.10 ($0.08 after-tax). . Ms. London has extensive experience in the industry. Also, the Communications department thinks more highly of the Executive Team relative to the Executive department. Sign Up Now! He has gathered over 25 years of expertise in core management, network management, web/mobile, and infrastructure solutions, and deep expertise in Customer Relationship Management, eCommerce, ERP, and Custom Application. She propels Centenes health care innovation with her innovative thinking and utilizes the capabilities of Centene in changing healthcare services into a value-based care model placing more importance on the quality of services than on their quantity. Mr. Andrew L. Asher has been the Executive Vice President and Chief Financial Officer of the company since 2021. Sarah London is Centenes Vice Chair become becoming a chief executive officer. In July 2021, Colin Toney joined the executive team as the Executive Vice President of M&A of St. Louis, Missouri headquarters. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events, or otherwise, afterthe date hereof. International stock quotes are delayed as per exchange requirements. Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare Prescription Drug Plan (PDP). Rachel Ann Chua Fundamental company data and analyst estimates provided by FactSet. We're proud of our history as an innovative, mission-driven organization. Theodore Samuels is a retired president of Capital Guardian Trust Company. from 8 AM - 9 PM ET. Steady, organic growth and a series of strategic acquisitions have transformed us from a regional player to a national powerhouse. Today we offer affordable and high-quality products to nearly 1 in 15 individuals in all 50 states, including Medicaid and Medicare members (as well as Medicare Prescription Drug Plans), individuals and families served by the Health Insurance Marketplace and the TRICARE program. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. Conditions. Centeneuses its investor relations website to publish important information about the company, including information that may be deemed material to investors. Katie Casso, who has been with Centene for the past 16 years, joins the management team and assumes the Senior Vice President, Corporate Controller, and Chief Accounting Officer role. Centene Corporations whole health solutions aim to provide comprehensive treatment to every individual. Centenefocuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners. Prior to joining the company in 2016, Mark Brooks worked as CIO and Chief Technology Officer at Health Net for more than 12 years and as Senior Director for the Front Office Systems at Veritas. Chief Development Officer & Executive VP, Centene Corp. Brent Davis Layton is on the board of Operose Health Ltd. and Chief Development Officer & Executive VP at Centene Corp. Mr. Layton. Centene Corporation is a leading provider of high-quality health care services to the United States. What Are Centene Corporations Products and Services? Our seasoned leadership team offers a host of experience in government, healthcare, and other complex industriesalong with a proven record of success in challenging business environments. 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. Sign Up Now! Mr. Trubeck has a wide range of experience in public company governance and organizations with over $1 billion in revenues. He previously led the company as CEO in February 2020. Eppinger has worked in the insurance business for over 35 years and has a lot of experience in the industry. Therefore, the Company believes that this information is meaningful in addition to the information contained in the GAAP presentation of financial information. As Centenes CFO, He is responsible for managing the accounting, treasury, capital markets, tax, actuarial services, health economics, financial planning, investor relations, and procurement departments. (3) Membership includes Medicare Advantage and Medicare Supplement. The Company takes a local approach - with local brands and local teams - to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. Elizabeth Brinns experiences during her younger years in a Milwaukee Country orphanage inspired Centenes guiding principles of providing solutions to unique health care needs. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. On average, Men provided higher ratings for their Executive Team compared to Women. 26 on the 2022 FORTUNE 500 list of largest U.S. corporations by revenue. 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. Voir le profil de Anjali Harikumar sur LinkedIn, le plus grand rseau professionnel mondial. Helping our neighbors create stronger, healthier communities. The program honors female executives who are leading change, developing policy and guiding healthcare delivery improvement. By continuing to use our site, you agree to our Privacy Policy Through the years, it grew as a publicly traded company, earning a billion in revenue in its 20th year expanding its services to Ohio, Florida, and Massachusetts consumers. 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. Membership includes Aged, Blind, or Disabled (ABD), Intellectual and Developmental Disabilities (IDD), Long-TermServices and Supports (LTSS), and Medicare-Medicaid Plans (MMP) Duals. For the first quarter of 2023, our effective tax rate on adjusted earnings was 24.3%, compared to 25.1% in the first quarter of 2022. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Idemia NSS Appraised at CMMI Maturity Level 3; Patrick Clancey Quoted, Executive Spotlight: Marion Kennedy, SVP of Intelligence Market at LMI. She is also responsible for the financing integration of acquired companies, which has helped Centene grow. The Company uses the presented non-GAAP financial measures internally in evaluating the Company's performance and for planning purposes, by allowing management to focus on period-to-period changes in the Company's core business operations, and in determining employee incentive compensation. Her responsibilities include the following: Shannon Bagley joined Centene Corporation in 2003. 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. Request Investor Materials Media Inquiries Employment Verification Its operations are primarily divided into two: Managed Care and Specialty Services. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. (2) Membership includes ABD, IDD, LTSS, and MMP Duals. Kenneth Burdick, Retired Executive Vice President of Products and Markets of Centene Corporation; Former Chief Executive Officer of WellCare Health Plans, Inc. Christopher Coughlin, Former Executive Vice President and Chief Financial Officer of Tyco International, Ltd. Wayne DeVeydt, Executive Chairman of Surgery Partners, Inc.; Former Executive Vice President and Chief Financial Officer of Anthem, Inc. Orlando Ayala, Retired Chairman and Corporate Vice President of Emerging Businesses for Microsoft Corporation, Jessica L. Blume, Retired Vice Chairman of Deloitte LLP, Frederick H. Eppinger, President and Chief Executive Officer of Stewart Title Guaranty Company, Richard A. Gephardt, Chief Executive Officer and President of Gephardt Group, LLC; Former Majority Leader of the U.S. House of Representatives, Lori J. 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