Submit your news 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. Centenes vision is a world where all individuals have access to affordable health care services regardless of their circumstances. In addition, a digital audio playback will be available until 9:00 AM (Eastern Time) on Tuesday, May 2, 2023, by dialing 1-877-344-7529 in the U.S., 1-855-669-9658 in Canada, or +1-412-317-0088 from abroad, and entering access code 7234123. 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. This 2022, there are changes in Centene Corp leaders and directors as part of its current board renewal and collaboration agreement with Politan Capital Management. For corporate inquiries, please contact us at 314-725-4477. In May of 2013, Aetna acquired Coventry and Drew Asher was promoted as the Chief Financial Officer. Costs related to the PBM legal settlement of $0.00 ($0.00 after-tax). Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. 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. Our broad portfolio of approximately 500 product solutions and services includes the following: Our specialty services are a key component of our healthcare strategy and complement our core Managed Care business. After that, he spent nearly 15 years as Senior Vice President of Corporate Finance at Coventry Health Care. She was formerly handling the companys IT innovation and modernization before she became the chief executive officer last March 22, 2022. The Centene Corporation Executive Team is rated a "B" and led by CEO Michael Neidorff. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, value creation strategy, competition, expected activities in connection with completed and future acquisitions and dispositions, our investments, and the adequacy of our available cash resources. Sarah M. London is the Health Care Enterprises president and executive vice president of Technology. 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. Our specialty services help diversify our revenue stream, manage costs, and enhance the quality of health outcomes for our members and others. FORTUNE World's Most Admired Companies(2023). CASH, INVESTMENTS AND RESTRICTED DEPOSITS (in millions). He served as President of the Capital Services Division of Pitney Bowes Inc., from 1999 to November 2006. . He joined the company in 2003 as the director of Compensation and Benefits before getting promoted to vice president of Compensation and Benefits and senior vice president of Centenes Human Resources. 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. 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. build and develop consensus with business unit executives and the ability to . 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: our ability to design and price products that are competitive and/or actuarially sound including but not limited to any impacts resulting from Medicaid redeterminations; 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; our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates; competition, including our ability to reprocure our contracts and grow organically; the timing and extent of benefits from our value creation strategy, including the possibility that the benefits received may be lower than expected, may not occur, or will not be realized within the expected time periods; our ability to manage our information systems effectively; disruption, unexpected costs, or similar risks from business transactions, including acquisitions, divestitures, and changes in our relationships with third parties; impairments to real estate, investments, goodwill, and intangible assets; the risk that the election of new directors, changes in senior management, and any inability to retain key personnel may create uncertainty or negatively impact our ability to execute quickly and effectively;membership and revenue declines or unexpected trends; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; inflation; 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 and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder; 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 legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Centene Pharmacy Services (formerly Envolve Pharmacy Solutions, Inc. (Envolve)), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we previously recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations will be brought by states, the federal government or shareholder litigants, or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; 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 or dispositions; any changes in expected closing dates, estimated purchase price, or accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; a downgrade of the credit rating of our indebtedness; the availability of debt and equity financing on terms that are favorable to us; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. The Centene Corporation Leaders and Executives Are Behind the Companys Vision, Air Force Conducts 1st Operational Mission With Joint Light Tactical Vehicle, IARPA Selects Teams for AGILE Predictive Data Analysis Program, CISA Seeks Public Input on Proposed Self-Attestation Forms to Improve Software Security, ODNIs 10th Annual Intelligence Transparency Report Notes Continued Decline in FISA Targets, Kathleen Hicks Discusses DODs Mission to Advance US Battery Supply Chain, Carahsoft to Offer Nok Noks Passwordless Authentication Tool to Government Customers, DARPA Launches Market Research for Business Process Logic Initiative, NSF Calls for Collaborators on Advanced Networking Systems Research, Sierra Nevada, BIRD Aerosystems Form Airborne Missile Protection System Delivery Partnership, NASA Solicits Proposals for Space Flight, Aerospace Hardware Modeling Requirements, Dewberry EVP Phil Thiel to Serve on National Geospatial Advisory Committee, 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, Centenes development of NextGen programs, Supervising the agile transformation of delivery teams with a goal to deliver a 30% increase in delivery efficiency, Integrating technology of two health plans worth over $10 billion, Implementing and developing services and software for Centenes health plan members. For Health Net of California only must obtain State Life, Health & Disability license within 90 days of hire. First name. Fundamental company data and analyst estimates provided by FactSet. 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. Shannon Bagley is a strong advocate of the people agenda, modernization of Centenes people strategy, and the establishment of Diversity and Inclusion in Centene. He served as Senior Vice President of Centene Corp. from November 2006 to November 26, 2012. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Prior to becoming the Executive Vice President and Chief Administrative Officer, she held executive positions in Home State Health, Integration Management, and Human Resources. 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. Sarah M. London Chief Executive Officer, Director Drew Asher Chief Financial Officer Jim Murray Chief Operating Officer Alice H. Chen Chief Health Officer Brian LeClaire Chief Information Officer Jessica L. Blume Director H. James Dallas Chairman of the Centene Board of Director Elizabeth Brinn started Centene Corporation in 1984 as a non-profit Medicaid plan. About usGovernment Contracting FAQGuest Contributions2022 Events, Your Direct Source for Government Contracting News. The HBR for the first quarter of 2023 was favorably impacted by continued disciplined Marketplace pricing and lower utilization in Medicare, partially offset by updated Medicaid return of premium payable revenue estimates related to prior periods. 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. He previously led the company as CEO in February 2020. Join to apply for the Senior Digital Portfolio Architect --Remote role at Centene Corporation. Shannon Bagley serves as chief administrative officer for Centene Corporation. 26 on the 2022 FORTUNE 500 list of largest U.S. corporations by revenue. He has led the successful integration of two $10+ billion health plans. 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. Also, the Communications department thinks more highly of the Executive Team relative to the Executive department. William Trubeck is now a member of the boards of Centene Corp and the Monmouth University Alumni Association. Before becoming a chief operating officer, he used to be responsible for creating new health plans for their clients worldwide. Corporate citizenship is a key component of our success. and Terms and The company continued to grow and was later renamed Centene Corporation around 1997. 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). 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. Her responsibilities include the following: Shannon Bagley joined Centene Corporation in 2003.