| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
51 |
| Employees |
6,900 |
| Revenues (TTM) (Millions $) |
26,983 |
| Net Income (TTM) (Millions $) |
631 |
| Cash Flow (TTM) (Millions $) |
-1,023 |
| Capital Exp. (TTM) (Millions $) |
224 |
Business Description
Wellcare Health Plans Inc. is a leading provider of managed care services for government-sponsored healthcare programs in the United States. The company is based in Tampa, Florida and serves approximately4 million members across 50 states and the District of Columbia. Their services primarily focus on Medicaid and Medicare plans, as well as prescription drug plans, Medicare Advantage plans, and other ancillary services.
The company was founded in 1985 as Healthease of Florida, and began as a regional Medicaid health plan. In the years that followed, the company grew steadily, expanding its reach and scope of services. In 2002, the company acquired Wellcare Management Group, a Medicare Advantage plan provider, and subsequently changed its name to Wellcare Health Plans Inc.
Wellcare's services are primarily targeted towards low-income families and individuals who cannot afford traditional healthcare services. They offer a variety of plans that provide coverage for a wide range of services, including doctor visits, hospital stays, prescription drugs, dental and vision care, mental health services, and more. In addition, they also provide care coordination services for individuals with chronic conditions or complex medical needs.
The company has a strong commitment to innovation and technology, and has developed several proprietary tools and programs to improve the quality and efficiency of their services. For example, they have developed a telehealth platform, named Wellcare Now, which allows members to access healthcare services from the comfort of their own homes.
Wellcare has a strong reputation for providing high-quality healthcare services, which has been recognized by numerous industry awards and accolades. In 2019, the company was named to Fortune's list of Most Admired Companies in the Healthcare category.
In 2020, Wellcare was acquired by Centene Corporation, a leading provider of healthcare services in the US. The combined company, now known as Centene, is one of the largest healthcare providers in the country, with a mission to provide affordable and accessible healthcare services to all Americans.
Company Address: 8735 Henderson Road, Renaissance One Tampa 33634 FL
Company Phone Number: 290-6200 Stock Exchange / Ticker: NYSE WCG
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