Centene Corporation Reports First Quarter 2023 Results 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. 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. The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. 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. Articles & Insights removing social barriers to health, and prioritizing responsible He also serves as the chief attorney for Centenes legal department and was the previous senior vice president. 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. Costs related to the PBM legal settlement of $2 million. Casso started her career as a public accountant at Ernst & Young. The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. healthcare services. Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. We rank No. Toney also was responsible for the acquisition of Wellcare, Magellan, and HealthSmart. 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. Over his 35-year career in finance, he has gained experience in company finance, economics, capital markets, and investment strategy. The Company is unable to provide a reconciliation of its 2024 adjusted EPS target to the corresponding GAAP measure without unreasonable effort due to the difficulty of predicting the timing and amounts of various items within a reasonable range. Community Health Care | Public Private Partnerships - Centene She was previously the companys vice chairman. In January 2020, Wayne S. DeVeydt was promoted to the executive chairman position of Surgery Partners, Inc. 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. Layton was promoted as the COO of Centene around September 2021. Brent Layton managed the implementation and development of the latest health plans and global operations. Previously, he was the general counsel, executive vice president, and corporate secretary at Centene Corp. As a general counsel, he has helped Centene strengthen its internal legal sources and face new challenges tied to its fast growth. 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Before Centene, Brinn worked as a bookkeeper at a hospital. Brent Layton oversees the management team in creating health plans, products, business marketing, and business development. Her focus is on innovative care delivery and the development of the Coordinated Care provider network in Washington. After that, he spent nearly 15 years as Senior Vice President of Corporate Finance at Coventry Health Care. Submit your news In 2020, London joined Centene Corp. and served as vice chairman in charge of a portfolio of businesses unaffiliated with Centene health plans. Some of these care organizations are in the fields of ophthalmology, dentistry, chiropractic, and mental health were among them, as was Georgias largest HIV medical center, Absolute Care. We regularly earn recognition for growth and innovation, as well as for our commitment to equity, diversity, and inclusion. Shannon Bagley is a strong advocate of the people agenda, modernization of Centenes people strategy, and the establishment of Diversity and Inclusion in Centene. 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. Executive Vice President; Chief Financial Officer Senior Management Since: 2021 Age: 54. 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. It also serves contracts with other health care and commercial organizations providing specialty services to health plan members. Ms. Bagley works closely with leadership to set the companys people agenda and goals. Mr. Andrew L. Asher has been the Executive Vice President and Chief Financial Officer of the company since 2021. Ayala was Global Executive vice president of Sales, Marketing, and Services for Bill Gatess company, responsible for all activities in 115 countries. Staying in line with Executive Mosaics dedication to covering all angles of GovCon, ExecutiveBiz also helps paint a more complete picture of the government contracting industry by featuring medium-sized business news and significant state and foreign contracting developments. Services include clinical healthcare and a cutting-edge healthcare analytics company. She oversaw the health insurers corporate strategy, quality operations, internal audit, compliance, and risk management in addition to leading the companys technology and digital strategy. He spent more than 15 years as Executive Vice President of Markets, Products, International, and Chief Business Development Officer. Contact Information | Centene Corporation James Dallas is the Centene board of directors chairman. Its operations are primarily divided into two: Managed Care and Specialty Services. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Centene aims to extend its global presence in Europe by partnering with Ribera Salud to provide high-quality and efficient health care to professionals, citizens, and institutions. The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. Associates degree, in related field or equivalent experience. All forward-looking statements included in this press release are based on information available to us on the date hereof. Centene is a leading healthcare enterprise committed to transforming the health of the community, one person at a time. She is responsible for overseeing Centenes day-to-day activities, and commanding the overall Centene Corp leadership. Shannon Bagleys responsibilities include human resources, workplace resources, equity and inclusion, real estate, and physical safety. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. Eppinger has worked in the insurance business for over 35 years and has a lot of experience in the industry. 938 Engineering jobs in Grenoble, Auvergne-Rhne-Alpes - LinkedIn List of Centene Corporation Leaders and Executives Brent Layton, President of U.S. Health Plans, Products, and International and Chief Operating Officer Sarah London, Chief Executive Officer. The increases were driven by growth in the Marketplace business, which operates at a higher SG&A ratio. First name. 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. Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. Guest Contributions Sarah London is Centene Corporations CEO. Membership includes Aged, Blind, or Disabled (ABD), Intellectual and Developmental Disabilities (IDD), Long-TermServices and Supports (LTSS), and Medicare-Medicaid Plans (MMP) Duals. She works closely with other executives to establish the companys agenda and create opportunities to ensure the alignment of strategies between the business and human capital. This section lists the Centene executives. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE CORPORATION REPORTS FIRST QUARTER 2023 RESULTS, CENTENE CORPORATION NAMES ANIKA GARDENHIRE CHIEF CUSTOMER EXPERIENCE OFFICER. Centene launching organizational restructuring effort, will cull 3K 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. 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. 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). Also, he served as executive vice president and chief financial officer of WellCare Health Plans beginning in October 2014. Around 1997, Centene later expanded its corporate office in St. Louis, Missouri headquarters. Sarah London is Centenes Vice Chair become becoming a chief executive officer. Four executive leadership appointments were made in March 2021, including Brent Layton, Sarah London, Shannon Bagley, and Robert Sanders. Financial and other information aboutCenteneis routinely posted and is accessible onCentene'sinvestor relations website,http://investors.centene.com/. 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. Centene Corporation Leaders, Founders, Executive Members Before becoming a chief operating officer, he used to be responsible for creating new health plans for their clients worldwide. Mr. Samuels is also an independent Bristol Myers Squibb and Perrigo board member. Today's top 938 Engineering jobs in Grenoble, Auvergne-Rhne-Alpes, France. Centene Corporations whole health solutions aim to provide comprehensive treatment to every individual. Being the leading health care company, it is committed to improving the quality of life for people with chronic illnesses and health challenges. Request Investor Materials Media Inquiries Employment Verification William Trubeck is now a member of the boards of Centene Corp and the Monmouth University Alumni Association. 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. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions. 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. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. 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. In February 2023, Fortune named Centene as one of America's Best Large . It was meant to be a nonprofit Medicaid plan whose sole purpose was to ensure that everyone has access to healthcare. I have experience at branch level as well as Head Office. Before becoming an independent director of Centene, she handled The United States Northern Command and the North American Aerospace Defense Command. Additionally, approximately $193 million was recorded as a reduction to premium revenues resulting from development within "Incurred related to: Prior period" due to minimum HBR and other return of premium programs. 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 strive to offer services that other Medicaid and Medicare managed care companies do not. Prior to joining Centene, Mr. Asher served as chief financial officer at WellCare. History of Centene Corporation | Community Healthcare It caters to uninsured and underinsured individuals, Medicare and Medicaid members, families under the TRICARE program, and federal facilities. Centene Corporation Leaders Founders Executives and other members of the executive and leadership team pave the way for the company successfully reach its goals. (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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. I have worked across various industries in Global organisations including Pharmaceutical, Manufacturing, Energy, Business Services and Building Distribution. The health of individuals drives our focus on the environment, In 1984, Elizabeth Betty Brinn, a hospital bookkeeper at the Milwaukee Family Hospital, founded Family Hospital Physician Associates. Before joining Centene, he worked as an auditor and accountant for Deloitte & Touche LLP for the first five years. Christopher Coughlin Retired Chief Financial Officer and Executive Vice President of Tyco International, Ltd. Wayne DeVeydt Executive Chairman of Surgery Partners, Inc. 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, Lori J. Robinson Former United States Air Force General, Theodore Samuels Former President of Capital Guardian Trust Company, William Trubeck Former Director, Chief Financial Officer, and Executive Vice President of YRC Worldwide. 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. Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare Prescription Drug Plan (PDP). Why Centene Stock Is Trading Higher Today - Yahoo Finance CNC Company Profile & Executives - Centene Corp. - The Wall Street Journal Centene launching organizational restructuring effort, will cull 3K employees, 1.5K open jobs | Fierce Healthcare Fierce Pharma Fierce Biotech Fierce Healthcare Fierce Life Sciences Events. Our specialty companies provide a variety of products and services to deliver integrated healthcare to our members and other organizations. 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. This information reflects . By continuing to use our site, you agree to our Privacy Policy (2) Membership includes ABD, IDD, LTSS, and MMP Duals. Ken Fasola named President of Centene Jim Murray named Chief Operating Officer Brent Layton becomes Senior Advisor to the CEO Dave Thomas becomes Chief Executive Officer of Markets and Medicaid. and Terms and The Centene Corporation Executive Team is rated a "B" and led by CEO Michael Neidorff. Our Health Care Enterprises companies focus on developing more efficient care models to reduce healthcare costs and improve patient outcomes. Centene Corp Executive & Employee Information - GlobalData The business used to operate in the basement of Family Hospital in Milwaukee. Drew Asher joined Centene in January 2020, bringing his technological and financial expertise to managed care. 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.. We value diversity. Centene Corporation is a leading provider of high-quality health care services to the United States. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition, and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, other quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs. He has over two decades of experience with expanding responsibility in public policy and health care sectors. Total debt was $18.3 billion, which included $359 million of borrowings on our $2.0 billion revolving credit facility at quarter end. Centene Corporation hiring Senior Digital Portfolio - LinkedIn Centene has served its communities health and special needs for over 30 years through government-sponsored programs. In February 2023, Fortune named Centene as one of America's Best Large . Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. September 9, 2022, 9:53 am. 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. Membership includes Medicare Advantage and Medicare Supplement. Elizabeth Brinn is the founder of Centene Corporation. All statements, other than statements of current or historical fact, contained in thispress release are forward-looking statements. 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. 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. Centene is a leading healthcare enterprise committed to transforming the health of the community, one person at a time. Delivering a full spectrum of care from physical health to emotional wellness. 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. Layton joined Centene in 2006. She was also the senior vice president of Technology Innovation and Modernization responsible for health care enterprises-wide execution and technology strategy, especially for state-of-the-art services and products. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. As such, this has been excluded from the reconciliation below. (2) Adjusted SG&A expense ratio excludes acquisition and divestiture related expenses of approximately $35 million to $40 million. Sarah M. London is the Health Care Enterprises president and executive vice president of Technology. Asher aspired to provide Centene Corporation stockholders with long-term value as Centenes appointed CFO.
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