Beth Johnson, President and CEO of Coordinated Care. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Centene Corporation provides government-backed high-quality and cost-effective healthcare services to uninsured and underinsured American consumers. (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. 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. Sarah London is Centene Corporations CEO. ST. LOUIS, March 1, 2021 /PRNewswire/ --Centene Corporation (NYSE: CNC) today announced four executive leadership appointments to support the company's continued growth and innovation. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. Centene's key executives include Sarah M. London and 19 others. Since 2019, Dr. Philip Ozuah has served as the President and CEO of Montefiore Medicine, the umbrella organization for the Albert Einstein College of Medicine and Montefiore Health System's 13 member hospitals and 300 . Centene ranked No. 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. Any reduction in the "Incurred related to: Prior period" amount may be offset as Centene actuarially determines the "Incurred related to: Current period." from 8 AM - 9 PM ET. Before joining Centene, he worked as an auditor and accountant for Deloitte & Touche LLP for the first five years. Part of her role involves collaborating with other leaders to develop policies, procedures, and operations addressing various internal and external challenges. Kenneth Burdick is a retired executive vice president of products and markets of Centene Corp and former CEO of WellCare Health Plans, Inc from 2015; until Centene bought it in January 2020. Enter your account data and we will send you a link to reset your password. Jon Dinesman. 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. Cision Distribution 888-776-0942 On average, Men provided higher ratings for their Executive Team compared to Women. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In summary, the 2023 first quarter results were as follows: Premium and service revenues (in millions), Total cash flow provided by operations (in millions). Transforming the health of the community, one person at a time. He served as Senior Vice President of Centene Corp. from November 2006 to November 26, 2012. All forward-looking statements included in this press release are based on information available to us on the date hereof. Medical claims liabilities totaled $17.5 billion. Mark Brooks takes the lead in information technology and systems. The increases were driven by growth in the Marketplace business, which operates at a higher SG&A ratio. Before being appointed to the executive position, Bryant worked as Director of HR Operations leading and managing the daily HR operations. Pay range $60,800 to $109,400 per year. Four executive leadership appointments were made in March 2021, including Brent Layton, Sarah London, Shannon Bagley, and Robert Sanders. 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. As the Vice President of the Human Resources Operation at Centene, Zandra Bryant leads teams responsible for all aspects of HR including employee relations intake, contact center, payroll, claims processing, interview scheduling, acquisitions, and more. Centene's Corporate Sustainability. He started working with Centene in 2006. At Centene, we remain one of the few companies to have successfully navigated the Affordable Care Act. In her management roles, she managed the companies portfolios not under Centene Corps health plans, distributed services and products to third-party clients, and crafted varied platform capabilities. Since becoming appointed as the President and Chief Executive Officer of Coordinated Care in June of 2018, Beth Johnson has also taken over the Medicaid plan. Working at Health Leads kickstarted Londons career in health care. Chief Executive Officer Sarah London runs the day-to-day operation of Centene Corporation. Founded in 1984, it services a range of health care solutions that began in Wisconsin. Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. 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. The company offers healthcare services to Medicaid and Medicare Members, individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. Sarah M. London is the Health Care Enterprises president and executive vice president of Technology. Expertise in government-sponsored programs, Localized approach with centralized support infrastructure, Innovative technology and scalable systems, Purchase Order It operates through the following segments:. Membership includes Medicare Advantage and Medicare Supplement. The program honors female executives who are leading change, developing policy and guiding healthcare delivery improvement. 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. . She was formerly handling the companys IT innovation and modernization before she became the chief executive officer last March 22, 2022. Cash flow provided by operations for the first quarter of 2023 was. Elizabeth Brinn is the founder of Centene Corporation. Mr. Asher joined Centene in conjunction with the closing of the WellCare acquisition in January 2020 where he served as executive vice president. Shannon Bagley is Centene Corporations Chief Administrative Officer responsible for Human Resources, Diversity, Equity and Inclusion, Real Estate, Workplace Resources, and Security. Most recently, she was assigned to be President and CEO of Centenes Missouri subsidiary and before that, as the head of Internal Audit and Enterprise Risk Management. He is also in charge of the companys value-based purchasing, making sure that the organization provides quality health care. ST. LOUIS, April 25, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its financial results for the first quarter ended March31, 2023. FORTUNE magazine continuously ranks us as one of Americas fastest-growing companies. Sign Up Now! Our Environmental, Social, Health, and Governance (ESHG) Strategic Framework expresses our commitments to protect our planet, serve our communities, live our values, and cultivate healthier lives. Mr. Andrew L. Asher has been the Executive Vice President and Chief Financial Officer of the company since 2021. In January 2020, Wayne S. DeVeydt was promoted to the executive chairman position of Surgery Partners, Inc. Therefore, the Company believes that this information is meaningful in addition to the information contained in the GAAP presentation of financial information. Senior executives, directors, and analysts rated enterprises within their own industries and evaluated them on nine criteria, from investment value and quality of management and products, to social responsibly and ability to attract talent. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue," and other similar words or expressions (and the negative thereof). 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. Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. In 1984, Elizabeth Betty Brinn, a hospital bookkeeper at the Milwaukee Family Hospital, founded Family Hospital Physician Associates. 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. For almost 10 years, she led the Internal Audit and Enterprise Risk Management teams. Centene also extends its primary care services to the United Kingdom through its subsidiary, Operose Health. 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. 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. In 2020, London joined Centene Corp. and served as vice chairman in charge of a portfolio of businesses unaffiliated with Centene health plans. It serves as an intermediary for government-sponsored and privately insured health care programs. Her responsibilities include the following: Shannon Bagley joined Centene Corporation in 2003. Centene Corporation's Executive Team at a Glance Based on 211 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. Terms & Conditions, Temporary Assistance for Needy Families (TANF), Childrens Health Insurance Program (CHIP), Intellectually/Developmentally Disabled (IDD), Federal contracts with the Department of Defense (DoD), Managed Behavioral Healthcare Organization, Credentials Verification Organization (CVO) Certification, Best Place to Work for LGBTQ Equality by the Human Rights Campaign Foundation (2022), Top 50 Company for Diversity by DiversityInc (2022), Top Companies for Black Executives by DiversityInc (2022), Top Companies for Latino Executives by DiversityInc (2022), Leading Disability Employer by the National Organization on Disability (2022), Best Place to Work for Disability Inclusion by the DEI (2022). Centene is a leading healthcare enterprise committed to transforming the health of the community, one person at a time. Centene was founded in 1984 as a nonprofit Medicaid plan by a former hospital bookkeeper, Elizabeth "Betty" Brinn. Its operations are primarily divided into two: Managed Care and Specialty Services. Request Investor Materials Media Inquiries Employment Verification He has over two decades of experience with expanding responsibility in public policy and health care sectors. (3) Membership includes Medicare Advantage and Medicare Supplement. Before becoming an independent director of Centene, she handled The United States Northern Command and the North American Aerospace Defense Command. With the use of innovative employee programming, communication, and engagement channels, she hopes to create a workforce strategy that enhances culture. 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. Costs related to the PBM legal settlement of $0.00 ($0.00 after-tax). Specifically, the Company believes the presentation of non-GAAP financial information that excludes amortization of acquired intangible assets and acquisition and divestiture related expenses, as well as other items, allows investors to develop a more meaningful understanding of the Company's core performance over time. It also serves contracts with other health care and commercial organizations providing specialty services to health plan members. Keith Williamson is the president of Centene Charitable Foundation. September 9, 2022, 9:53 am. He spent more than 15 years as Executive Vice President of Markets, Products, International, and Chief Business Development Officer. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. His track record in the managed care market indicates his worth in heading a developing enterprise. [2] History [ edit] In 2004, she ventured into Centenes management team, playing a crucial role in managing the financial reporting, corporate accounting, financial systems, acquisition, and integration work, as well as finance shared service functions. Cision Distribution 888-776-0942 Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Executive Mosaic Prior to joining Centene, Mr. Asher served as chief financial officer at WellCare. -- Diluted EPS of $2.04; Adjusted Diluted EPS of $2.11 --, --Increases 2023 Full Year Guidance and Updates 2024 Target --. Elizabeth Brinn started Centene Corporation in 1984 as a non-profit Medicaid plan. Around August of 2014, Asher joined Wellcare as Senior Vice President. (1) Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare PDP. Membership includes Aged, Blind, or Disabled (ABD), Intellectual and Developmental Disabilities (IDD), Long-TermServices and Supports (LTSS), and Medicare-Medicaid Plans (MMP) Duals. However, he has announced his intention to step down from his position by the 2023 Annual Meeting of Stockholders. 4+ years of progressively responsible administrative experience supporting an Executive team. Leverage your professional network, and get hired. 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. 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. U.S. Air Force General Lori J. Robinson is one of the newly elected board of directors members. Sign Up Now! It caters to uninsured and underinsured individuals, Medicare and Medicaid members, families under the TRICARE program, and federal facilities. Here are the Centene Corporation board members. 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. Leverage your professional network, and get hired. Layton joined Centene in 2006. On average, Men provided higher ratings for their Executive Team compared to Women. 2 years of supervisory experience in the . FORTUNE World's Most Admired Companies(2023). Shannon Bagley is a strong advocate of the people agenda, modernization of Centenes people strategy, and the establishment of Diversity and Inclusion in Centene. 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. Centene Corporation Leaders, Founders, and Executives Team, Centene Corporation Leaders, Founders, Executives: Achievements and Key Responsibilities, Brent Layton, President, and Chief Operating Officer, Shannon Bagley, Chief Administrative Officer, James Dallas, Chairman of the Centene Board of Directors, Retired Senior Vice President and Chief Information Officer of Medtronic, Theodore Samuels, Retired President of Capital Guardian Trust Company. We rank No. Her focus is on innovative care delivery and the development of the Coordinated Care provider network in Washington. The Company takes a local approach - with local brands and local teams - to . Being the leading health care company, it is committed to improving the quality of life for people with chronic illnesses and health challenges. Here is the list of the latest directors and independent directors of the company. He has more than 30 years of finance experience and formerly worked at different companies in the healthcare industry like Aetna and Coventry Health Care. The amount of the "Incurred related to: Prior period" above represents favorable development and includes the effects of reserving under moderately adverse conditions, new markets where we use a conservative approach in setting reserves during the initial periods of operations, receipts from other third party payors related to coordination of benefits and lower medical utilization and cost trends for dates of service March31, 2022, and prior. Sign Up Now! Prior to becoming the Executive Vice President and Chief Administrative Officer, she held executive positions in Home State Health, Integration Management, and Human Resources. Centene Corporation has had modest beginnings. All rights reserved. Centene Corporation's Executive Team at a Glance Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. In February 2023, Fortune named Centene as one of America's Best Large . Serving as the head of Human Resources, Bagley revamped the HR operating model and talent infrastructure. Important URLs: Around 1997, Centene later expanded its corporate office in St. Louis, Missouri headquarters. 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. Mr. Trubeck has a wide range of experience in public company governance and organizations with over $1 billion in revenues. All statements, other than statements of current or historical fact, contained in thispress release are forward-looking statements. Contact Us, 2022 Copyrights Executive Mosaic - All Rights Reserved. (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. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Centene Corporation's Executive Team at a Glance Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. Total debt was $18.3 billion, which included $359 million of borrowings on our $2.0 billion revolving credit facility at quarter end. Acquisitions, divestitures, investments, joint ventures, and Centene partnerships fall under his purview. Mr. DeVeydt is now a Centene Corporations Board of Directors member. corporate governance. These products and services include pharmacy services, vision and dental health, and administrative services for the TRICARE West region. We value diversity. Centene Corporations whole health solutions aim to provide comprehensive treatment to every individual. In addition, for the three months ended March 31, 2023: Magellan Specialty Health divestiture gain of $0.14, for the year ended December 31, 2023, an estimated: $0.14 ($0.12 after-tax) of Magellan Specialty, The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. Theodore Samuels is a retired president of Capital Guardian Trust Company. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. ExecutiveBiz provides you with Daily Updates and News Briefings about Articles, Receive Daily News Briefing And Event Updates Straight to Your Inbox. By continuing to use our site, you agree to our Privacy Policy 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. Layton owned a managed care consulting firm and has created a diverse group of health care in Avesis, Absolute Care and other managed care companies, gathering over 20 years of experience in the managed care industry. He has led the successful integration of two $10+ billion health plans. Articles & Insights Robert Sanders is the current executive vice president of Centene Corporations global human resources. Delivering a full spectrum of care from physical health to emotional wellness. Her primary task is aligning Centenes human capital strategy with its business strategy. Centene Corporation employees rate their Executive Team in the Top 35% of similar size companies on Comparably with 10,000+ Employees. Centene is one of the few selected World Economic Forum Strategic Partners participating in the global initiative in the industry that can help them better understand opportunities outside of the country. healthcare services. Global health company The Cigna Group (NYSE:CI) that Dr. Philip Ozuah has been appointed to the organization's Board of Directors.His appointment is effective June 1, 2023.. In his role, Layton provides strategic advice to state governments as they design Medicaid solutions. After that, he spent nearly 15 years as Senior Vice President of Corporate Finance at Coventry Health Care. 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. Centeneuses its investor relations website to publish important information about the company, including information that may be deemed material to investors. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). (In millions, except shares in thousands and per share data in dollars), LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS ANDSTOCKHOLDERS' EQUITY, Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at March31, 2023 and December31, 2022, Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and 551,714 outstanding at March31, 2023, and 607,847 issued and 550,754 outstanding at December31, 2022, Accumulated other comprehensive earnings (loss), Treasury stock, at cost (62,641 and 57,093 shares, respectively), Total liabilities, redeemable noncontrolling interests and stockholders' equity, Selling, general and administrative expenses, (Earnings) loss attributable to noncontrolling interests, Net earnings attributable to Centene Corporation. The effective tax rate for the first quarter of 2023 reflects the tax effects of the distribution of long-term stock awards to the estate of the Company's former CEO as well as the Magellan Specialty Health gain. Centene's steadfast commitment to our environment, the health and social well-being of our communities, and ethical governance extends far beyond individual programs or initiatives. Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. "Centene remains focused on innovation, growth, and agility and these leadership enhancements align with key areas of growth for the company," saidMr. Neidorff. 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. 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. Voir le profil de Anjali Harikumar sur LinkedIn, le plus grand rseau professionnel mondial. He joined WellCare in August 2014 as senior vice president. Brent Layton, President, and Chief Operating Officer, Shannon Bagley, Executive Vice President, and Chief Administrative Officer, Katie Casso, Senior Vice President, Corporate Controller, and Chief Accounting Officer, Colin Toney, Executive Vice President of Mergers & Acquisitions, Mark Brooks, Executive Vice President, and Chief Information Officer, Zundra Bryant, Vice President of Human Resources Operations, Applied Information Sciences Receives Analytics on Microsoft Azure Advanced Specialization, Maximus, AWS Seek to Help Federal Health Agencies Advance AI, Machine Learning Adoption Via Strategic Partnership, Brian May Promoted to Lead Michael Baker Internationals Federal Programs, Services, Lockheed Books $615M Army Follow-on Award to Build HIMARS Munition Launchers, CSA Finalizes Capstone Integration, Launches Rebranding Effort; Amy Bleken, Ronald Fog Hahn Quoted, L3Harris Q1 Revenue Up 9%; Christopher Kubasik Gives Update on Aerojet Rocketdyne Deal, DCS Wins $2.1B Contract to Support Armys Military Automotive Tech Lab, Industry Veteran Tom McCabe Named Istari COO, General Counsel, GE, Northrop, C-CAT Awarded DOD Contracts to Help Strengthen Hypersonic Supply Chains, Chugach Subsidiary Awarded $114M Contract to Help Operate Air Force Base in Texas, SpaceX Anticipates Spending About $2B on Starship Rocket, John Tierney to Lead L3Harris New Surface & C5 Systems Team, Pentagon Begins Search for Defense Innovation Board Executive Director, NGA Posts Solicitation for Project Maven Supply Chain Risk Management Platform, House Bipartisan Bills Seek to Further Build Up DOEs Research Partnerships With NASA, NSF, Missouri Fire Chief Richard Carrizzo Assumes Chairmanship of FirstNet Board; Gina Raimondo Quoted, CISAs Eric Goldstein: Trusted Public-Private Partnerships Key to Boosting Cyber Defenses, Xages Roman Arutyunov Recommends 10 Actions to Meet CISAs Cross-Sector Cybersecurity Performance Goals, IBM Executive Dan Chenok Outlines Recommendations to Use Cloud for Digital Modernization, Department of the Air Force Justifies Budget Request in Fiscal Year 2024 Posture Statement, HHS CIO Karl Mathias Receives 2023 Wash100 Award From Jim Garrettson, NASA Tests Pivot Capabilities of Aerojet Rocketdynes RS-25 Engine for SLS Missions.
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