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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 19.58 % year on year in Q3 2019, sequentially sales grew by 1 %, Wellcare Health Plans inc.'s cost of sales deteriorated by % year on year, sequentially cost of sales grew by 4.63 % in Q3.

More on WCG Suppliers




Wellcare Health Plans inc.'s Suppliers recorded increase in sales by 19.58 % year on year in Q3 2019, sequentially sales grew by 1 %, 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
-10.88 % 10.46 %


Wellcare Health Plans, inc.'s Suppliers Sales Growth in Q3 2019 by Industry

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      9.46 %
Suppliers in Property & Casualty Insurance Industry      3.73 %
Suppliers in Biotechnology & Drugs Industry -29.68 %   
Suppliers in Major Pharmaceutical Preparations Industry      5.41 %
Suppliers in Print Media & Newspaper Publishing Industry      0.08 %
Suppliers in Software & Programming Industry      6.42 %
     
• 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 16,180 26,983 631 6,900
Abbvie Inc. ABBV 132,106 32,624 4,118 26,000
Abbott Laboratories ABT 150,387 31,355 3,292 77,000
Arch Capital Group Ltd. ACGL 17,147 6,537 1,437 2,030
Aci Worldwide, Inc. ACIW 4,323 1,069 83 3,979
Actavis Plc ACT 4,288 10,573 -751 19,200
Allergan plc AGN 60,752 15,818 -9,244 10,500
Aspen Insurance Holdings Ltd AHL 0 2,454 -166 1,121
American International Group, Inc. AIG 47,845 50,491 2,740 65,000
Amerinst Insurance Group Ltd AIGT 0 17 2 22
Alexion Pharmaceuticals, Inc. ALXN 24,841 4,736 1,470 2,273
Amgen Inc. AMGN 135,149 32,341 8,067 17,900
Aon Plc AON 47,729 10,898 1,544 69,000
Allied World Assurance Co Holdings, Ag AWH 1,677 2,122 157 1,433
Axis Capital Holdings Ltd AXS 4,976 5,083 136 1,225
Blue Capital Reinsurance Holdings Ltd. BCRH 62 26 -11 1
Biogen Inc. BIIB 52,576 14,182 5,428 7,550
Bristol Myers Squibb Co BMY 92,069 24,173 5,678 25,000
Benefitfocus,inc. BNFT 762 283 -55 1,450
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Chubb Ltd CB 70,058 33,074 3,636 10,200
Celgene Corp CELG 78,881 16,982 1,834 6,012
Cephalon, Inc. CEPH 0 0 0 0
Countrywide Financial Corporation CFC 0 0 0 0
Cigna Corporation CI 75,694 129,657 4,283 37,200
Connecture Inc CNXR 8 77 -16 320
Cognizant Technology Solutions Corporation CTSH 35,220 16,596 2,131 211,500
Cvs Health Corp CVS 98,106 227,255 4,327 217,800
Deluxe Corporation DLX 2,136 2,005 -260 5,328
Davita Inc. DVA 12,078 8,638 318 57,400
Ehealth, Inc. EHTH 1,929 314 1 869
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 2,016 428 9 1,600
Enstar Group Ltd ESGR 4,384 1,978 432 1,327
Essent Group Ltd. ESNT 5,332 832 537 366
Fidelity National Information Services, Inc. FIS 45,015 8,420 777 40,000
Fiserv Inc FISV 46,370 5,977 961 21,000
FOREST LABORATORIES, INC. FRX 0 0 0 0
Global Indemnity Ltd GBLI 372 542 -32 460
GENZYME CORPORATION. GENZ 0 0 0 0
Gilead Sciences, Inc. GILD 82,355 22,365 2,678 7,000
Greenlight Capital Re, Ltd. GLRE 378 373 -151 30
Genworth Financial Inc GNW 2,040 8,393 179 5,300
Hi-crush Inc. HCR 77 3,063 -5 0
Health Insurance Innovations, Inc. HIIQ 228 359 15 192
HEALTH MANAGEMENT ASSOCIATES, INC. HMA 0 0 0 0
Inspro Technologies Corp ITCC 1 16 -2 62
Johnson & Johnson JNJ 359,956 81,706 14,151 126,500
King Pharmaceuticals, Inc. KG 0 0 0 0
Loews Corp L 15,172 14,342 449 17,510
Lilly Eli & Co LLY 105,719 23,341 7,132 39,135
Mbia Inc MBI 751 224 -123 252
MEDIMMUNE, INC. MEDI 0 0 0 0
Maiden Holdings, Ltd. MHLD 64 679 -380 204
Markel Corporation MKL 16,548 7,988 535 10,600
Marsh & Mclennan Companies, Inc. MMC 54,769 16,181 1,536 57,000
Merck & Co., Inc. MRK 217,459 45,971 9,191 70,000
Mylan N.v. MYL 0 11,535 34 25,000
Oxbridge Re Holdings Ltd OXBR 0 2 -7 2
Pfizer Inc PFE 213,608 53,657 12,684 78,300
Partnerre Ltd. PRE 0 5,590 -86 1,035
Everest Reinsurance Holdings Inc RE 10,889 4,109 -849 1,207
Regions Financial Corporation RF 16,718 5,465 1,754 23,723
Reinsurance Group Of America, Incorporated RGA 10,453 13,794 745 2,201
Rli Corp RLI 4,499 911 118 902
Renaissancere Holdings Ltd RNR 8,259 2,880 1,341 376
Safeco Corporation SAFC 0 0 0 0
SCHERING-PLOUGH CORPORATION SGP 0 0 0 0
Ss&c Technologies Holdings Inc SSNC 15,660 4,540 356 8,287
Synchrony Financial SYF 24,367 12,906 3,799 12,000
Tenet Healthcare Corp THC 3,323 18,213 344 108,000
Third Point Reinsurance Ltd. TPRE 887 580 -125 26
Unum Group UNM 6,106 11,845 1,053 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 11,324 7,967 150 3,135
SUBTOTAL 2,460,636 1,094,459 98,717 1,873,719


             
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