| Market Capitalization (Millions $) |
33,362 |
| Shares
Outstanding (Millions) |
498 |
| Employees |
61,100 |
| Revenues (TTM) (Millions $) |
202,938 |
| Net Income (TTM) (Millions $) |
-5,106 |
| Cash Flow (TTM) (Millions $) |
6,888 |
| Capital Exp. (TTM) (Millions $) |
798 |
Business Description
Company Profile: Centene Corporation
Overview:
Centene Corporation is a diversified, multinational healthcare enterprise dedicated to providing healthcare programs and services to government-sponsored healthcare initiatives. Our primary focus is on serving under-insured and uninsured individuals through a member-centric approach, which emphasizes local care and accessibility.
Mission:
At Centene, we strive to offer accessible, quality, and culturally sensitive healthcare coverage to our communities. We believe that our localized services empower members by helping them navigate the healthcare system, access necessary care, and address specific health and social needs. Our initiatives, including health management and educational outreach, are designed to optimize healthcare utilization and enhance overall health outcomes for our members.
Segments:
Centene operates through two primary segments:
1. Managed Care: This segment provides comprehensive health coverage through government programs, including Medicaid, the State Childrens Health Insurance Program (CHIP), Long Term Care (LTC), Foster Care, and services for dual-eligible individuals. Additionally, since 2014, we have expanded our Managed Care services to cater to individuals enrolled in Health Insurance Marketplaces.
2. Specialty Services: This segment encompasses our diverse range of specialty companies that deliver targeted healthcare services and products. Our clients include state programs, correctional facilities, healthcare organizations, and employer groups, as well as our own subsidiaries.
Market Presence:
Centene’s services primarily support Medicaid, CHIP, LTC, Foster Care, Medicare, and other state and federal programs aimed at the uninsured populace. The total Medicaid and CHIP market, estimated at approximately $449 billion in 2013, is projected to grow significantly, reflecting our strategic focus in this arena.
History:
Founded in 1965, Centene has evolved to become the largest publicly funded healthcare program in the United States through its management of Medicaid. Our commitment to addressing the healthcare needs of low-income families and individuals with disabilities underlies our operational framework, which adapts to regulatory environments across different states.
Strategic Objectives:
To solidify our position as a leading multinational healthcare enterprise, we are guided by several strategic initiatives:
1. Increase Penetration of Existing Markets: We focus on expanding our Medicaid membership through partnerships with key providers and targeted outreach efforts.
2. Diversify Business Lines: By broadening our offerings, we aim to enhance revenue streams and create additional value for our members.
3. Address Emerging State Needs: We assist states in navigating operational challenges, ensuring that we can continue to deliver vital services sustainably and effectively.
4. Develop and Acquire Additional Markets: Our strategy includes seeking new opportunities in both domestic and international markets, enabling us to grow our footprint strategically.
5. Enhance Operating Efficiencies: Continued investment in information technology and centralized operations is essential to improving service delivery and maintaining cost-effectiveness.
6. Maintain Operational Discipline: We monitor key performance metrics to rigorously assess our market viability and financial health, ensuring that we remain aligned with our long-term strategic goals.
Recent Developments:
In a significant move to enhance our service capabilities and broaden our market reach, Centene entered into a merger agreement with Health Net, Inc. in July 2015. This merger is one of several strategic acquisitions that bolster our extensive healthcare service offerings to a broader population.
Conclusion:
Centene Corporation remains committed to leading the way in providing diverse and effective healthcare solutions to the under-insured and uninsured segments of the population. Through our community-centered approach, strategic expansion, and operational efficiencies, we continue to focus on driving positive health outcomes for all members we serve.
Company Address: 7700 Forsyth Boulevard Zagreb 63105 City of Zagreb
Company Phone Number: 725-4477 Stock Exchange / Ticker: NYSE CNC
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