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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 -46.75 % in Q3 compare to a year ago, sequentially costs of revenue grew by 2.21 %, 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 -46.75 % in Q3 compare to a year ago, sequentially costs of revenue grew by 2.21 %, 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 grew in Q3 by Customers Net margin fell to %
3.16 % 1.88 %



Wellcare Health Plans Inc 's Customers, Q3 2019 Revenue Growth By Industry
Customers in Legacy Industry -19.16 %   
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 Healthcare Facilities Industry      1.85 %
Customers in Department & Discount Retail Industry      7.83 %
Customers in Pharmacy Services & Retail Drugstore Industry      21.95 %
     
• 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 17,792 26,983 631 6,900
Amerisourcebergen Corp ABC 20,095 186,159 1,592 14,000
Big Lots Inc BIG 1,587 5,467 276 36,100
Cullen CFR 4,157 1,284 382 4,211
Cvs Health Corporation CVS 81,921 261,885 7,216 217,800
Dollar General Corporation DG 48,123 29,579 1,978 0
Davita Inc DVA 10,585 11,388 1,021 57,400
Express Scripts Holding Co. ESRX 52,360 100,179 4,607 29,500
First Mid Bancshares Inc FMBH 382 170 45 513
Hi crush Inc HCR 16 623 -554 0
Marsh and Mclennan Companies Inc MMC 55,799 17,238 1,813 57,000
Old National Bancorp ONB 2,090 791 205 2,652
Summit Financial Group Inc SMMF 183 93 29 231
SAFEWAY INC. SWY 0 0 0 137,000
Tenet Healthcare Corp THC 1,883 18,454 248 108,000
Univest Financial Corporation UVSP 384 211 50 717
WALGREEN CO. WAG 0 0 0 251,000
West End Indiana Bancshares, Inc. WEIN 36 12 1 70
SUBTOTAL 279,602 633,533 18,910 916,194


       
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