Centene Notified by State of Kansas Regarding Selection of New Medicaid Providers
August 25 2006 - 3:43PM
Business Wire
Centene Corporation (NYSE: CNC) today announced that FirstGuard
Health Plan Kansas, Inc., its wholly owned subsidiary, has received
notification from the Kansas Health Policy Authority that its
contract will end December 31, 2006. Michael F. Neidorff, Chairman
and Chief Executive Officer of Centene, stated, "We are deeply
disappointed by this decision given our long-standing involvement
and tenure in the State of Kansas. We are currently reviewing the
notification received from the state and are evaluating all options
available to us under the appeal process. We will provide more
details as they become available." FirstGuard accounted for $240
million of Centene's 2005 revenue. For the first 6 months of 2006,
FirstGuard contributed $111 million to revenue and had 117,100
members. About Centene Corporation Centene Corporation provides
multi-line managed care programs and related services to
individuals receiving benefits under Medicaid, including
Supplemental Security Income (SSI), and the State Children's Health
Insurance Program (SCHIP). The Company operates health plans in
Georgia, Indiana, Kansas, Missouri, New Jersey, Ohio, Texas and
Wisconsin. In addition, the Company contracts with other healthcare
organizations to provide specialty services, including behavioral
health, disease management, nurse triage, pharmacy benefit
management and treatment compliance. Information regarding Centene
is available via the Internet at www.centene.com.
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