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Wellcare Health Plans, inc.  (WCG)
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Wellcare Health Plans inc.'s Customers Performance

WCG

 
WCG's Source of Revenues Customers of Wellcare Health Plans, inc. saw their costs of revenue drop by -63.38 % in Q3 compare to a year ago, sequentially costs of revenue grew by 1.01 %, for the same period Wellcare Health Plans, inc. recorded revenue increase by 41.16 % year on year, sequentially revenue grew by 1.86 %.

List of WCG Customers




Customers of Wellcare Health Plans, inc. saw their costs of revenue drop by -63.38 % in Q3 compare to a year ago, sequentially costs of revenue grew by 1.01 %, for the same period Wellcare Health Plans, inc. recorded revenue increase by 41.16 % year on year, sequentially revenue grew by 1.86 %.

List of WCG Customers


   
Customers Net Income fell in Q3 by Customers Net margin fell to %
-2.23 % 1.31 %



Wellcare Health Plans inc.'s Customers, Q3 2019 Revenue Growth By Industry
Customers in Insurance Brokerage Industry      15.2 %
Customers in Money Center Banks Industry      16.8 %
Customers in Regional Banks Industry      11.81 %
Customers in Commercial Banks Industry      2.31 %
Customers in Pharmacy Services & Retail Drugstore Industry      5.41 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Wellcare Health Plans inc.'s Comment on Sales, Marketing and Customers



Pharmacy services are reimbursed based on a fixed fee for dispensing medication and a separate payment for the ingredients. Ingredients produced by multiple manufacturers are reimbursed based on a maximum allowable cost for the ingredient. Ingredients produced by a single manufacturer are reimbursed as a percentage of the average wholesale price. In certain instances, we may contract directly with the sole-source manufacturer of an ingredient to receive a rebate, which may vary based upon volumes dispensed during the year. Effective April 1, 2015, we outsourced pharmacy rebate management to a third party. As of January 1, 2016, we expanded the vendor relationship to include all pharmacy benefit management services, including rebates processing, claims processing, pre-authorization, utilization management and other related services.

We credential physicians, hospitals and other health care professionals in our participating provider networks using quality criteria, which meet or exceed the standards of external accreditation or state regulatory agencies, or both. Typically, most health care professionals are re-credentialed every three years, depending on applicable state laws.


Wellcare Health Plans inc.'s Comment on Sales, Marketing and Customers


Pharmacy services are reimbursed based on a fixed fee for dispensing medication and a separate payment for the ingredients. Ingredients produced by multiple manufacturers are reimbursed based on a maximum allowable cost for the ingredient. Ingredients produced by a single manufacturer are reimbursed as a percentage of the average wholesale price. In certain instances, we may contract directly with the sole-source manufacturer of an ingredient to receive a rebate, which may vary based upon volumes dispensed during the year. Effective April 1, 2015, we outsourced pharmacy rebate management to a third party. As of January 1, 2016, we expanded the vendor relationship to include all pharmacy benefit management services, including rebates processing, claims processing, pre-authorization, utilization management and other related services.

We credential physicians, hospitals and other health care professionals in our participating provider networks using quality criteria, which meet or exceed the standards of external accreditation or state regulatory agencies, or both. Typically, most health care professionals are re-credentialed every three years, depending on applicable state laws.








WCG's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Wellcare Health Plans, inc. WCG 16,180 26,983 631 6,900
Amerisourcebergen Corp ABC 18,411 179,589 854 14,000
Big Lots Inc BIG 755 5,296 123 36,100
Cullen CFR 5,980 1,329 459 4,211
Cvs Health Corp CVS 98,106 227,255 4,327 217,800
Dollar General Corporation DG 41,050 26,492 1,651 0
Davita Inc. DVA 12,078 8,638 318 57,400
Express Scripts Holding Co. ESRX 52,360 100,179 4,607 29,500
Family Dollar Stores Inc FDO 0 0 0 55,000
First Mid Bancshares, Inc. FMBH 592 168 44 513
Hi-crush Inc. HCR 77 3,063 -5 0
HEALTH MANAGEMENT ASSOCIATES, INC. HMA 0 0 0 0
MEDCO HEALTH SOLUTIONS, INC. MHS 0 0 0 0
Marsh & Mclennan Companies, Inc. MMC 54,769 16,181 1,536 57,000
Old National Bancorp ONB 3,150 788 232 2,652
Summit Financial Group Inc SMMF 327 93 31 231
SAFEWAY INC. SWY 0 0 0 137,000
Tenet Healthcare Corp THC 3,323 18,213 344 108,000
Univest Financial Corporation UVSP 760 225 69 717
WALGREEN CO. WAG 0 0 0 251,000
West End Indiana Bancshares, Inc. WEIN 35 12 1 70
SUBTOTAL 291,772 587,520 14,592 971,194


             
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