ST. LOUIS, Feb. 22, 2012 /PRNewswire/ -- Centene Corporation
(NYSE: CNC) announced today that its subsidiary, Home State Health
Plan, has been selected to contract with the Office of
Administration for Missouri to
serve Medicaid beneficiaries in the Central, Eastern and Western
Managed Care Regions of the state. Approximately 427,000
beneficiaries are eligible to receive services under the MO
HealthNet Managed Care program in 54 counties. This award
represents the 16th state in which Centene has healthplan/hybrid
operations.
We expect to commence operations in the third quarter of this
year. Home State Health Plan will provide coordinated healthcare
and behavioral health services to members enrolled in the MO
HealthNet Managed Care program, including those receiving benefits
under categories of aid for Parents and Caretakers, Children,
Newborns, Pregnant Women and Refugees; Children in the Care and
Custody of the State and Adoption Subsidy; and, Children's Health
Insurance Program.
"We are honored to be awarded a Medicaid managed care contract
to begin serving Managed Care members here in Missouri," said Jesse
N. Hunter, Executive Vice President of Operations of
Centene. "We believe our strategic provider partnerships in
Missouri will help us deliver
improved health outcomes for our members at a lower cost for the
state."
"For more than 15 years, we have called Missouri home to our corporate headquarters.
We have added hundreds of jobs and made significant investments
into the region," said Michael F.
Neidorff, Chairman and Chief Executive Officer of Centene.
"We embrace the opportunity to bring our award-winning quality
programs and healthcare services to our most vulnerable neighbors
across the state."
Updates regarding this award will be provided when additional
material information becomes available. As a reminder,
Centene's 2012 first quarter financial results conference call will
be held on April 24, 2012 at
8:30am (Eastern Time).
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading
multi-line healthcare enterprise that provides programs and
related services to the rising number of under-insured and
uninsured individuals. Many receive benefits provided under
Medicaid, including the Children's Health Insurance Program (CHIP),
as well as Aged, Blind or Disabled (ABD), Foster Care and long-term care, in addition to
other state-sponsored programs, and Medicare (Special Needs Plans).
Centene's CeltiCare subsidiary offers states unique, "exchange
based" and other cost-effective coverage solutions for low-income
populations. The Company 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, life and health management,
managed vision, telehealth services, and pharmacy benefits
management. More information regarding Centene is available at
www.centene.com.
The information provided in this press release contains
forward-looking statements that relate to future events and future
financial performance of Centene. Subsequent events and
developments may cause the Company's estimates to change. The
Company disclaims any obligation to update this forward-looking
financial information in the future. Readers are cautioned that
matters subject to forward-looking statements involve known and
unknown risks and uncertainties, including economic, regulatory,
competitive and other factors that may cause Centene's or its
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Actual results may
differ from projections or estimates due to a variety of important
factors, including Centene's ability to accurately predict and
effectively manage health benefits and other operating expenses,
competition, membership and revenue projections, timing of
regulatory contract approval, changes in healthcare practices,
changes in federal or state laws or regulations, inflation,
provider contract changes, new technologies, reduction in provider
payments by governmental payors, major epidemics, disasters and
numerous other factors affecting the delivery and cost of
healthcare. The expiration, cancellation or suspension of Centene's
Medicaid Managed Care contracts by state governments would also
negatively affect Centene.
Home State Health Plan
16090 Swingley Ridge Road
Chesterfield, MO 63017
SOURCE Centene Corporation