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Wellcare Health Plans inc   (WCG)
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Wellcare Health Plans Inc 's Suppliers Performance

WCG's Supply Chain

 
WCG Costs vs Sales of Suppliers Growth Wellcare Health Plans Inc 's Suppliers recorded increase in sales by 16.95 % year on year in Q3 2019, sequentially sales grew by 2.43 %, Wellcare Health Plans Inc 's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 4.63 % in Q3.

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Wellcare Health Plans Inc 's Suppliers recorded increase in sales by 16.95 % year on year in Q3 2019, sequentially sales grew by 2.43 %, Wellcare Health Plans Inc recorded increase in cost of sales by 284.78 % year on year, sequentially cost of sales grew by 4.63 % in Q3.

More on WCG Suppliers




Wellcare Health Plans Inc 's Comment on Supply Chain


We have determined based on an evaluation of factors, including cost, compliance, quality and procurement success, that it is more efficient to use third parties instead of our personnel for certain functions. As a result, we have contracted with a number of vendors to provide significant operational support including, but not limited to, pharmacy benefit management for our members as well as certain enrollment, billing, call center, benefit administration, claims processing, mail order pharmacy, sales and marketing and certain aspects of utilization management. For example, in November 2014, we outsourced our mail order pharmacy and we changed our pharmacy benefit manager as of January 1, 2016. Where a vendor provides services that we are required to provide under a contract with a government customer, we are responsible for such performance and will be held accountable by our government customers for any failure of performance by our vendors. We evaluate the competency and solvency of our third-party vendors prior to execution of contracts and include service level guarantees in our contracts, where appropriate. Additionally, we perform ongoing vendor oversight activities to identify any performance or other issues related to our vendors.


Wellcare Health Plans Inc 's Comment on Supply Chain


We have determined based on an evaluation of factors, including cost, compliance, quality and procurement success, that it is more efficient to use third parties instead of our personnel for certain functions. As a result, we have contracted with a number of vendors to provide significant operational support including, but not limited to, pharmacy benefit management for our members as well as certain enrollment, billing, call center, benefit administration, claims processing, mail order pharmacy, sales and marketing and certain aspects of utilization management. For example, in November 2014, we outsourced our mail order pharmacy and we changed our pharmacy benefit manager as of January 1, 2016. Where a vendor provides services that we are required to provide under a contract with a government customer, we are responsible for such performance and will be held accountable by our government customers for any failure of performance by our vendors. We evaluate the competency and solvency of our third-party vendors prior to execution of contracts and include service level guarantees in our contracts, where appropriate. Additionally, we perform ongoing vendor oversight activities to identify any performance or other issues related to our vendors.



WCG's Suppliers Net profit fell by WCG's Suppliers Net margin fell in Q3 to
-3.22 % 13.64 %


Wellcare Health Plans Inc 's Suppliers Sales Growth in Q3 2019 by Industry

Suppliers in Legacy Industry -19.16 %   
Suppliers in Consumer Financial Services Industry      22.6 %
Suppliers in Accident & Health Insurance Industry      188.61 %
Suppliers in Life Insurance Industry      5.16 %
Suppliers in Insurance Brokerage Industry      9.88 %
Suppliers in Property & Casualty Insurance Industry      3.27 %
Suppliers in Money Center Banks Industry      0.73 %
Suppliers in Biotechnology & Drugs Industry -19.76 %   
Suppliers in Healthcare Facilities Industry      1.85 %
Suppliers in Major Pharmaceutical Preparations Industry      3.46 %
Suppliers in Professional Services Industry      35.41 %
Suppliers in Print Media & Newspaper Publishing Industry      0.08 %
Suppliers in Computer processing and cloud services Industry      121.53 %
Suppliers in Software & Programming Industry      8.13 %
Suppliers in Pharmacy Services & Retail Drugstore Industry      37.11 %
     
• WCG Suppliers Valuation • WCG Segment Rev. Growth • WCG Segment Inc. Growth • WCG Suppliers Mgmt. Effect.





WCG's vs. Suppliers, 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
Abbvie Inc ABBV 143,622 34,300 7,573 26,000
Abbott Laboratories ABT 165,665 32,095 3,579 77,000
Arch Capital Group Ltd ACGL 11,195 6,739 1,109 2,030
Aci Worldwide Inc ACIW 2,911 1,344 69 3,979
Actavis Plc ACT 3,990 10,573 -751 19,200
Allergan plc AGN 64,063 16,096 -2,479 10,500
Aspen Insurance Holdings Ltd AHL 0 2,593 -242 1,121
American International Group Inc AIG 26,463 51,733 4,886 65,000
Amerinst Insurance Group Ltd AIGT 0 16 -4 22
Alexion Pharmaceuticals Inc ALXN 24,223 5,296 2,374 2,273
Amgen Inc AMGN 147,930 32,341 7,675 17,900
Aon Plc AON 46,335 11,097 1,688 69,000
Allied World Assurance Co Holdings, Ag AWH 121 2,122 157 1,433
Axis Capital Holdings Ltd AXS 3,128 5,022 37 1,225
Blue Capital Reinsurance Holdings Ltd. BCRH 62 35 -29 1
Biogen Inc BIIB 48,274 14,422 5,872 7,550
Bristol Myers Squibb Co BMY 130,907 31,006 979 25,000
Benefitfocus inc BNFT 350 294 -42 1,450
Berkshire Hathaway Inc BRKA 436,200 255,203 10,363 0
Chubb Ltd CB 59,105 34,007 3,666 10,200
Celgene Corp CELG 78,961 16,982 1,834 6,012
Cephalon, Inc. CEPH 0 0 0 0
Countrywide Financial Corporation CFC 0 0 0 0
Cigna Corporation CI 65,750 154,089 4,937 37,200
Connecture Inc CNXR 8 77 -16 320
Cognizant Technology Solutions Corporation CTSH 30,456 16,898 1,768 211,500
Cvs Health Corporation CVS 81,921 261,885 7,216 217,800
Deluxe Corporation DLX 819 1,996 -301 5,328
Davita Inc DVA 10,585 11,388 1,021 57,400
Ehealth Inc EHTH 2,819 544 75 869
Ellie Mae Inc ELLI 3,524 442 41 1,480
Emc Insurance Group Inc. EMCI 780 722 32 1
Endurance Specialty Holdings Ltd. ENH 0 2,539 283 1,154
Bottomline Technologies Inc EPAY 1,966 440 -3 1,600
Enstar Group Ltd ESGR 3,397 1,417 22 1,327
Essent Group Ltd ESNT 3,096 896 578 366
Fidelity National Information Services Inc FIS 85,563 11,354 172 40,000
Fiserv Inc FISV 66,341 12,623 1,066 21,000
Global Indemnity Ltd GBLI 319 551 6 460
Gilead Sciences Inc GILD 96,926 22,716 4,934 7,000
Greenlight Capital Re Ltd GLRE 223 538 -4 30
Genworth Financial Inc GNW 1,046 8,051 228 5,300
Hi crush Inc HCR 16 623 -554 0
Benefytt Technologies Inc HIIQ 329 365 -15 192
Inspro Technologies Corp ITCC 0 15 -1 62
Johnson and Johnson JNJ 380,484 82,729 17,166 126,500
Loews Corp L 9,909 14,273 -569 17,510
Eli Lilly And Company LLY 148,954 23,087 5,533 39,135
Mbia Inc MBI 519 224 -675 252
MEDIMMUNE, INC. MEDI 0 0 0 0
Maiden Holdings Ltd MHLD 107 430 -74 204
Markel Corporation MKL 12,477 7,389 -179 10,600
Marsh and Mclennan Companies Inc MMC 55,799 17,238 1,813 57,000
Merck and Co Inc MRK 196,027 48,081 10,134 70,000
Mylan N v MYL 8,324 11,535 63 25,000
Oxbridge Re Holdings Ltd OXBR 6 1 -1 2
Pfizer Inc PFE 189,888 50,660 15,823 78,300
Partnerre Ltd PRE 0 7,876 937 1,035
Everest Reinsurance Holdings Inc RE 8,025 6,595 695 1,207
Regions Financial Corporation RF 9,889 5,155 1,468 23,723
Reinsurance Group Of America Incorporated RGA 4,217 14,084 612 2,201
Rli Corp RLI 3,392 858 65 902
Renaissancere Holdings Ltd RNR 7,240 4,291 622 376
Safeco Corporation SAFC 0 0 0 0
SCHERING-PLOUGH CORPORATION SGP 0 0 0 0
Ss and c Technologies Holdings Inc SSNC 14,967 4,669 457 8,287
Synchrony Financial SYF 13,041 11,841 2,915 12,000
Tenet Healthcare Corp THC 1,883 18,454 248 108,000
Third Point Reinsurance Ltd TPRE 665 636 -116 26
Unum Group UNM 3,350 11,882 980 9,500
Validus Holdings Ltd VR 5,393 2,817 -478 876
Watson Pharmaceuticals Inc WPI 0 0 0 0
Wyeth WYE 0 0 0 0
Xl Group Ltd XL 15,041 11,388 -543 4,663
Alleghany Corp Y 6,797 9,041 890 3,135
SUBTOTAL 2,945,784 1,438,719 127,587 1,557,719


       
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