Our local approach allows us to help members access high-quality, culturally sensitive 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. Sign Up Now! 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. Join to apply for the Senior Digital Portfolio Architect --Remote role at Centene Corporation. Membership includes Medicare Advantage and Medicare Supplement. He also serves as the chief attorney for Centenes legal department and was the previous senior vice president. 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. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions. 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. On average, Men provided higher ratings for their Executive Team compared to Women. Also, he served as executive vice president and chief financial officer of WellCare Health Plans beginning in October 2014. Elizabeth Brinns experiences during her younger years in a Milwaukee Country orphanage inspired Centenes guiding principles of providing solutions to unique health care needs. Mr. Layton also ran health care enterprises before joining Centene. As the chief financial officer, Drew Asher is responsible for Centenes Accounting, Treasury, Capital Markets, Tax, Actuarial Services, Health Economics, Financial Planning, Investor Relations, and Procurement. The adjusted SG&A expense ratio was 8.5% for the first quarter of 2023, compared to 7.7% in the first quarter of 2022. 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. 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. September 9, 2022, 9:53 am. 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. 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. Frederick H. Eppinger is president and CEO of Stewart Title Guaranty Company. In July 2021, Colin Toney joined the executive team as the Executive Vice President of M&A of St. Louis, Missouri headquarters. Jon Dinesman. 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. Latest Federal & Government Contracting Companies' News Coverage, by International stock quotes are delayed as per exchange requirements. Request Investor Materials Media Inquiries Employment Verification For corporate inquiries, please contact us at 314-725-4477. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. She oversees corporate strategy, internal audit, compliance and risk management, and digital strategy. Centene Corporation posted $1.1 billion in profit for the first quarter of 2023, . Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. (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. The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. Our Managed Care segment provides health plan coverage to individuals through government-subsidized and commercial programs. The SG&A expense ratio was 8.6% for the first quarter of 2023, compared to 8.0% in the first quarter of 2022. 2 years of supervisory experience in the . ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. The business used to operate in the basement of Family Hospital in Milwaukee. Copyrights Executive Mosaic - All Rights Reserved. Leadership as Individual as the People We Serve. Centene Corporation Leaders Founders Executives and other members of the executive and leadership team pave the way for the company successfully reach its goals. 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. Centene ranked No. Membership includes Temporary Assistance for Needy Families (TANF), Medicaid Expansion, Children's Health, Membership includes Aged, Blind, or Disabled (ABD), Intellectual and Developmental Disabilities (IDD), Long-Term, Medicaid and Medicare membership includes 1,323,000 and 1,231,500 Dual Eligible Special Needs Plans (D-SNP). Conditions. Mark Brooks is Centene Corporations chief information officer and president. Transforming the health of the community, one person at a time. Enter your account data and we will send you a link to reset your password. He started working with Centene in 2006. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. Centene also extends its primary care services to the United Kingdom through its subsidiary, Operose Health. Centene believes it has consistently applied its claims reserving methodology. The company continued to grow and was later renamed Centene Corporation around 1997. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Helping our neighbors create stronger, healthier communities. Prior to joining Centene, Mr. Asher served as chief financial officer at WellCare. GovCon Wire provides you with Daily Updates and News Briefings about Articles. List of Centene Corporation Leaders and Executives, Brent Layton, President of U.S. Health Plans, Products, and International and Chief Operating Officer, Mark Brooks, Executive Vice President, Chief Information Officer, Shannon Bagley, EVP, Chief Administrative Officer, Robert Sanders, Executive Vice President of Global Human Resources, Keith Williamson, President of Centene Charitable Foundation, List of Centene Corporation Board of Directors. 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. Centene Corporation is a healthcare company that serves quality and affordable healthcare programs to over 26 million Americans. The changes in medical claims liability are summarized as follows (in millions): Centene's claims reserving process utilizes a consistent actuarial methodology to estimate Centene's ultimate liability. (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. Steady, organic growth and a series of strategic acquisitions have transformed us from a regional player to a national powerhouse. At Centene, we embrace a multi-business line approach to diversify revenues, control medical costs, improve the quality of care that our members receive, and improve outcomes. ExecutiveBiz provides you with Daily Updates and News Briefings about Articles, Receive Daily News Briefing And Event Updates Straight to Your Inbox. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, growth strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of our proposed acquisition of Magellan Health (the Magellan Acquisition), our recently completed acquisition of WellCare Health Plans, Inc. (WellCare and such acquisition, the WellCare Acquisition), other recent and future acquisitions, investments and the adequacy of our available cash resources. 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. 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. In 2020, London joined Centene Corp. and served as vice chairman in charge of a portfolio of businesses unaffiliated with Centene health plans. Total debt was $18.3 billion, which included $359 million of borrowings on our $2.0 billion revolving credit facility at quarter end. "Brent, Sarah, Shannon and Bob have been integral to our leadership team and, with their new roles, will help us further our commitment to transforming our healthcare model to meet the evolving needs of our members, providers, customers and shareholders.". With the use of innovative employee programming, communication, and engagement channels, she hopes to create a workforce strategy that enhances culture. Elizabeth Brinn is the founder of Centene Corporation. Before being appointed to the executive position, Bryant worked as Director of HR Operations leading and managing the daily HR operations. 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. 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 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. Rachel Ann Chua 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. Services include clinical healthcare and a cutting-edge healthcare analytics company. 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. 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'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.
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