ST. LOUIS, Oct. 18, 2016 /PRNewswire/ -- Centene Corporation
(NYSE: CNC) today announced the State of
Missouri has selected its Missouri subsidiary, Home State Health, to
provide managed care services to MO HealthNet Managed Care
beneficiaries. Home State will serve MO HealthNet Managed
Care beneficiaries in all 114 Missouri counties and the City of St. Louis. The contract is expected to
commence May 1, 2017.
Home State Health has operated as a MO HealthNet Managed Care
health plan since July 2012. Since
inception, Home State's membership has increased 100 percent,
102,900 members at June 30, 2016, and
its network of providers has grown to over 20,000 primary care
physicians and specialists. Whole-person care management programs
launched by the health plan have delivered strong quality
improvement results.
"With our global headquarters in Clayton, Missouri, Centene is particularly
pleased about this opportunity to expand our healthcare services
across the State of Missouri,
reaching families in each of the state's 114 counties, and the
City of St. Louis," said
Michael F. Neidorff, Chairman,
President and CEO of Centene, and Chairman of the Board for Home
State Health. "Over the past four years, Home State Health
has partnered with the state to empower members to engage in
healthy behaviors that promote wellness, prevention and the early
diagnosis and management of disease."
"We look forward to continuing our work with the state and the
healthcare providers in our network to improve health outcomes and
reduce the cost of healthcare delivery in Missouri," said Kimberly Tuck, Home State Health's President and
CEO. "We are honored to expand our services into every Missouri
County, and the City of St. Louis,
opening the door for many more families to experience our local
approach to delivering integrated, quality access to
healthcare."
About Centene Corporation
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. Many receive benefits provided under
Medicaid, including the State Children's Health Insurance Program
(CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long Term Care (LTC), in
addition to other state-sponsored programs, Medicare (including the
Medicare prescription drug benefit commonly known as "Part D"), as
well as programs with the U.S. Department of Defense and U.S.
Department of Veterans Affairs. Centene operates local health plans
and offers a range of health insurance solutions. It also contracts
with other healthcare and commercial organizations to provide
specialty services including behavioral health management, care
management software, correctional healthcare services, dental
benefits management, in-home health services, life and health
management, managed vision, pharmacy benefits management, specialty
pharmacy and telehealth services.
Centene uses its investor relations website to publish important
information about the Company, including information that may be
deemed material to investors. Financial and other information about
Centene is routinely posted and is accessible on Centene's investor
relations website, http://www.centene.com/investors.
The information provided in this press release may contain
certain forward-looking statements with respect to the financial
condition, results of operations and business
of Centene and certain plans and objectives
of Centene with respect thereto, including the expected
benefits of the acquisition of Health Net. These forward-looking
statements can be identified by the fact that they do not relate
only to historical or current facts. Forward-looking statements
often use words such as "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", "hope", "aim",
"continue", "will", "may", "would", "could" or "should" or other
words of similar meaning or the negative thereof. There are several
factors which could cause actual plans and results to differ
materially from those expressed or implied in forward-looking
statements. Such factors include, but are not limited to, the
possibility that the expected synergies and value creation from the
acquisition will not be realized, or will not be realized within
the expected time period, including, but not limited to, as a
result of conditions, terms, obligations or restrictions imposed by
regulators in connection with their approval of, or consent to, the
acquisition; the exertion of management's time
and Centene's resources, and other out-of-pocket expenses
incurred in connection with complying with the undertakings in
connection with certain regulatory approvals; the risk that the
businesses will not be integrated successfully; disruption from the
acquisition making it more difficult to maintain business and
operational relationships; the risk that unexpected costs will be
incurred; changes in economic conditions or political conditions;
changes in federal or state laws or regulations, including the
Patient Protection and Affordable Care Act and the Health Care
Education Affordability Reconciliation Act and any regulations
enacted thereunder; provider and state contract changes; the
outcome of pending legal or regulatory proceedings; reduction in
provider payments by governmental payors; the expiration or
termination of
Centene's Medicare or Medicaid managed care
contracts with federal or state governments; tax matters; increased
health care costs; and risks and uncertainties discussed in the
reports that Centene has filed with the Securities
and Exchange Commission (the "SEC"). These forward-looking
statements reflect Centene's current views with respect
to future events and are based on numerous assumptions and
assessments made by Centene in light of its experience
and perception of historical trends, current conditions, business
strategies, operating environments, future developments and other
factors it believes appropriate. By their nature, forward-looking
statements involve known and unknown risks and uncertainties
because they relate to events and depend on circumstances that will
occur in the future. The factors described in the context of such
forward-looking statements in this announcement could
cause Centene's plans with respect to the acquisition,
actual results, performance or achievements, industry results and
developments to /differ materially from those expressed in or
implied by such forward-looking statements. Although it is believed
that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations
will prove to have been correct and persons reading this
announcement are therefore cautioned not to place undue reliance on
these forward-looking statements which speak only as of the date of
this announcement. Centene does not assume any obligation
to update the information contained in this announcement (whether
as a result of new information, future events or otherwise), except
as required by applicable law. This list of important factors is
not intended to be exhaustive. We discuss certain of these matters
more fully, as well as certain risk factors that may affect our
business operations, financial condition and results of operations,
in our filings with the Securities and Exchange Commission,
including our annual reports on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K.
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SOURCE Centene Corporation