CENTENE CORPORATION ANNOUNCES LEADERSHIP CHANGES AND APPOINTMENTS FOR NEXT PHASE OF GROWTH

CENTENE CORPORATION ANNOUNCES LEADERSHIP CHANGES AND APPOINTMENTS FOR NEXT PHASE OF GROWTH

Health Information Technology

Ken Fasola named President of Centene

Jim Murray named Chief Working Officer

Brent Layton turns into Senior Advisor to the CEO 

Dave Thomas turns into Chief Government Officer of Markets and Medicaid 

Moreover, Firm appoints Alice H. Chen, MD, MPH as Chief Well being Officer and Brian LeClaire, MBA, PhD, as Chief Data Officer

ST. LOUIS, Dec. 14, 2022 /PRNewswire/ — Centene Company (NYSE: CNC) introduced immediately management modifications and senior administration appointments to place the Firm for its subsequent stage of development.

“With these appointments, Centene is aligning the excellent expertise inside our senior government crew with the Firm’s worth creation mission and long-term technique for development,” mentioned Centene Chief Government Officer (CEO) Sarah London. “Moreover, we’re excited to welcome two new leaders to our senior administration crew. Collectively, immediately’s appointments reinforce and speed up Centene’s longstanding dedication to offering high-quality, low-cost healthcare to members and rising worth to shareholders.”

Ken Fasola, at the moment Government Vice President (EVP) of Well being Care Enterprises, will turn into President of Centene, persevering with to report back to Sarah London. In his function as President, Mr. Fasola brings greater than three a long time of profitable management within the healthcare trade, together with CEO roles at a number of medical insurance corporations. He will probably be accountable for Centene’s well being plans, all traces of enterprise and core operations.

Jim Murray, at the moment EVP, Chief Transformation Officer, will turn into EVP, Chief Working Officer (COO), reporting to Mr. Fasola. Geared up with deep expertise in operations spanning a profession of practically three a long time, Mr. Murray will probably be essential to Centene’s efforts in worth creation, high quality, and core enterprise operations.

Brent Layton will turn into Senior Advisor to the CEO, as he begins his transition in direction of retirement. Over the following yr, Mr. Layton will proceed to play a pivotal function in creating and increasing key strategic partnerships for Centene and driving the Firm’s enterprise improvement technique.

Dave Thomas, at the moment EVP, Markets, will turn into CEO of Markets and Medicaid, reporting into Mr. Fasola. With intensive management and greater than 20 years of expertise within the managed care trade, Mr. Thomas will tackle an expanded scope and duty for the Medicaid product and enterprise improvement.

The appointments of Messrs. Fasola, Murray, Layton and Thomas to their new roles are efficient immediately.

Moreover, the Firm introduced the appointment of Alice H. Chen, MD, MPH, as Chief Well being Officer (CHO), efficient January 1, 2023, and Brian LeClaire, MBA, PhD, as Chief Data Officer (CIO), efficient December 5, 2022. Each people will report back to Sarah London.

As CHO, Dr. Chen will probably be accountable for Centene’s methods, insurance policies, and packages in help of enhancing inhabitants well being for Centene’s greater than 26 million members.

As CIO, Mr. LeClaire will probably be accountable for Centene’s info know-how technique, guaranteeing its alignment with the Firm’s enterprise technique, and delivering safe, differentiated technology-enabled experiences to members.

Related bios are outlined beneath.

Ken Fasola, President, Centene Company

Ken Fasola brings greater than three a long time of profitable management within the healthcare trade, having most not too long ago served as Centene’s Government Vice President of Well being Care Enterprises and a member of the Workplace of the CEO. He joined Centene by means of the acquisition of Magellan Well being Inc (MGLN) the place he served as CEO and a member of the Board of Administrators. Previous to that, he was Chairman, President, and CEO of HealthMarkets, Inc., one of many largest medical insurance businesses and supplemental insurance coverage corporations within the U.S. HealthMarkets was acquired by UnitedHealth Group in 2019. Previous to becoming a member of HealthMarkets, Mr. Fasola spent practically twenty years in government management roles at UnitedHealth Group and Humana. He served as CEO of Safe Horizons, a division of UnitedHealth Group and the nation’s largest Medicare Benefit insurer. Previous to that he served as CEO of UnitedHealth Care’s Central Area, President of UnitedHeathcare traces of enterprise and Nationwide Gross sales Officer. At Humana Mr. Fasola was the COO of Market Operations and previously a member of the Workplace of the Chairman, a task he assumed after 13 years main numerous divisions throughout the firm.

Mr. Fasola holds a Bachelor of Science in Well being Planning and Administration from Pennsylvania State College and was named an Alumni Fellow in 2010.

Jim Murray, EVP, Chief Working Officer, Centene Company

Jim Murray most not too long ago served as Centene’s Chief Transformation Officer, the place he led Centene’s Worth Creation Workplace and its Conduct Well being enterprise and was a member of the workplace of the CEO. Beforehand, he was President and COO for Magellan Well being the place he oversaw the Magellan Behavioral and Specialty Well being and Magellan Full Care enterprise segments. Previous to his roles at Magellan, Mr. Murray served as President of PrimeWest Well being, a Dallas-based firm which helps doctor shift to value-based care and Chief Government Officer of LifeCare HealthPartners, a Dallas-based hospital system. Murray additionally served as Government Vice President and Chief Working Officer for Humana and held different vital management roles over a profession spanning practically three a long time.

Mr. Murray obtained his bachelor’s diploma in accounting from the College of Dayton and is a licensed public accountant.

Brent Layton, Senior Advisor to CEO, Centene Company

Brent Layton has greater than 30 years of expertise with rising duty within the healthcare and public coverage sectors, with explicit experience in creating, scaling, and working enterprise in a extremely regulated setting. Mr. Layton most not too long ago served as President and Chief Working Officer for Centene Company the place he oversaw the corporate’s healthcare choices, together with 30 State Medicaid Well being plans, the nation’s largest Trade supplier, Ambetter, and the WellCare model of Medicare merchandise, and was a member of the Workplace of the CEO. Since becoming a member of Centene in 2006, he has overseen the event and implementation of recent well being plans in additional than 25 states, supplied strategic steering to state governments to assist them develop efficient Medicaid options, and developed new enterprise contracting with suppliers and well being methods the place he led the corporate’s effort in value-based buying.

Mr. Layton obtained his bachelor’s diploma from the College of Georgia.

David P. Thomas, CEO, Markets and Medicaid, Centene Company

Dave Thomas most not too long ago served as Centene’s Government Vice President, Markets the place he was accountable for the oversight of Centene’s 31 well being plans nationwide. Beforehand, he was President and CEO of Fidelis Care the place he led oversight throughout all divisions of Fidelis Care. Dave joined Fidelis in 1999 as Director of Strategic Planning and Growth and held positions of accelerating duty throughout his tenure – from Vice President, Senior Vice President of Operations, Senior Vice President and Chief Administrative Officer, and Government Vice President and Chief Working Officer – culminating in main the group.

Mr. Thomas obtained a bachelor’s diploma in Sociology from the College at Albany and a Grasp of Enterprise Administration from the Zicklin Faculty of Enterprise at Baruch Faculty in Manhattan.

Alice H. Chen, MD, MPH, Chief Well being Officer, Centene Company

Previous to becoming a member of Centene, Dr. Chen was Chief Medical Officer at Lined California, the state’s medical insurance market, the place she was accountable for healthcare technique targeted on high quality, fairness, and supply system transformation. She beforehand served as Deputy Secretary for Coverage and Planning and Chief of Medical Affairs for the California Well being and Human Companies Company, the place she led signature well being coverage initiatives on affordability and entry and performed a management function within the state’s response to the COVID-19 pandemic. Dr. Chen was additionally a professor of drugs on the College of California San Francisco Faculty of Drugs, primarily based on the Zuckerberg San Francisco Basic Hospital, the place she served as its Chief Integration Officer and founding director of the eConsult program. 

Dr. Chen obtained a Bachelor of Science in Environmental Biology from Yale College and has a Physician of Drugs from the Stanford College Faculty of Drugs. She additionally has a Grasp of Public Well being in Well being Care Administration and Coverage from Harvard Faculty of Public Well being. A major care internist by coaching, she supplies medical care at Zuckerberg San Francisco Basic Hospital.

Brian LeClaire, Chief Data Officer, Centene Company

Previous to becoming a member of Centene, Brian LeClaire was Director, Know-how, for the healthcare crew at Arsenal Capital Companions, a personal fairness agency specializing in investments in healthcare and industrial development corporations. At Arsenal, he led info know-how due diligence, advisory and oversight for the agency’s healthcare sector, and aided portfolio corporations within the improvement and supply of their know-how technique and worth seize initiatives. Beforehand he served as Senior Vice President and Chief Data Officer for Humana, the place he spent greater than 20 years in numerous know-how and operational management roles. Previous to that he was a Vice President of Product Growth at Alltel, a wi-fi service supplier acquired by Verizon Wi-fi.

Mr. LeClaire obtained a Bachelor of the Arts in Psychology from Ripon Faculty; a Grasp of Enterprise Administration in Accounting from the College of Wisconsin, Oshkosh; and a PhD in Administration Data Programs, with a minor in Laptop Science, from Oklahoma State College.

About Centene Company 

Centene Company, a Fortune 500 firm, is a number one healthcare enterprise that’s dedicated to serving to folks stay more healthy lives. The Firm takes a neighborhood method – with native manufacturers and native groups – to offer absolutely built-in, high-quality, and cost-effective companies to government-sponsored and business healthcare packages, specializing in under-insured and uninsured people. Centene presents reasonably priced and high-quality merchandise to almost 1 in 15 people throughout the nation, together with Medicaid and Medicare members (together with Medicare Prescription Drug Plans) in addition to people and households served by the Well being Insurance coverage Market, the TRICARE program, and people in correctional amenities. The Firm additionally contracts with different healthcare and business organizations to offer a wide range of specialty companies targeted on treating the entire particular person. Centene focuses on long-term development and worth creation in addition to the event of its folks, methods, and capabilities in order that it might probably higher serve its members, suppliers, native communities, and authorities companions.

Centene makes use of its investor relations web site to publish essential details about the Firm, together with info that could be deemed materials to buyers. Monetary and different details about Centene is routinely posted and is accessible on Centene’s investor relations web site, https://buyers.centene.com/. 

Ahead-Trying Statements

All statements, apart from statements of present or historic truth, contained on this press launch are forward-looking statements. With out limiting the foregoing, forward-looking statements typically use phrases similar to “consider,” “anticipate,” “plan,” “anticipate,” “estimate,” “intend,” “search,” “goal,” “purpose,” “could,” “will,” “would,” “might,” “ought to,” “can,” “proceed” and different related phrases or expressions (and the destructive thereof). Centene (the Firm, our, or we) intends such forward-looking statements to be lined by the safe-harbor provisions for forward-looking statements contained within the Non-public Securities Litigation Reform Act of 1995, and we’re together with this assertion for functions of complying with these safe-harbor provisions. Particularly, these statements embody, with out limitation, statements about our future working or monetary efficiency, market alternative, worth creation technique, competitors, anticipated actions in reference to accomplished and future acquisitions and tendencies, our investments and the adequacy of our out there money assets. These forward-looking statements replicate our present views with respect to future occasions and are primarily based on quite a few assumptions and assessments made by us in gentle of our expertise and notion of historic tendencies, present situations, enterprise methods, working environments, future developments and different components we consider applicable. By their nature, forward-looking statements contain identified and unknown dangers and uncertainties and are topic to vary as a result of they relate to occasions and depend upon circumstances that may happen sooner or later, together with financial, regulatory, aggressive and different components that will trigger our or our trade’s precise outcomes, ranges of exercise, efficiency or achievements to be materially completely different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. These statements usually are not ensures of future efficiency and are topic to dangers, uncertainties and assumptions. All forward-looking statements included on this press launch are primarily based on info out there to us on the date hereof. Besides as could also be in any other case required by legislation, we undertake no obligation to replace or revise the forward-looking statements included on this press launch, whether or not because of new info, future occasions or in any other case, after the date hereof. You shouldn’t place undue reliance on any forward-looking statements, as precise outcomes could differ materially from projections, estimates, or different forward-looking statements on account of a wide range of essential components, variables and occasions together with, however not restricted to: our capacity to precisely predict and successfully handle well being advantages and different working bills and reserves, together with fluctuations in medical utilization charges as a result of ongoing influence of COVID-19; our capacity to keep up or obtain enchancment within the Facilities for Medicare and Medicaid Companies (CMS) Star rankings and preserve or obtain enchancment in different high quality scores in every case that may influence income and future development; the danger that the election of recent administrators, modifications in senior administration, and any incapability to retain key personnel could create uncertainty or negatively influence our capacity to execute rapidly and successfully; uncertainty as to the anticipated monetary efficiency of the mixed firm following the latest completion of the acquisition of Magellan Well being, Inc. (the Magellan Acquisition); the chance that the anticipated synergies and worth creation from the Magellan Acquisition or the acquisition of WellCare Well being Plans, Inc. (the WellCare Acquisition) (or different acquired companies) won’t be realized, or won’t be realized throughout the respective anticipated time durations; disruption from the combination of the Magellan Acquisition or from the combination of the WellCare Acquisition; surprising prices, or related dangers, from different acquisitions or tendencies we could announce or full infrequently, together with potential adversarial reactions or modifications to enterprise relationships with prospects, staff, suppliers or regulators, making it harder to keep up enterprise and operational relationships; the danger that the closing situations, together with relevant regulatory approvals, for the pending disposition of Magellan Specialty Well being could also be delayed or not obtained; impairments to actual property, investments, goodwill and intangible property; a downgrade of the credit standing of our indebtedness; competitors; membership and income declines or surprising tendencies; modifications in healthcare practices, new applied sciences, and advances in medication; elevated healthcare prices; modifications in financial, political or market situations; modifications in federal or state legal guidelines or rules, together with modifications with respect to revenue tax reform or authorities healthcare packages in addition to modifications with respect to the Affected person Safety and Reasonably priced Care Act and the Well being Care and Schooling Affordability Reconciliation Act (collectively known as the ACA) and any rules enacted thereunder that will outcome from altering political situations, the present administration or judicial actions; fee cuts or different fee reductions or delays by governmental payors and different dangers and uncertainties affecting our authorities companies; our capacity to adequately worth merchandise; tax issues; disasters or main epidemics; modifications in anticipated contract begin dates; supplier, state, federal, overseas and different contract modifications and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (together with, however not restricted to, Medicaid, Medicare, TRICARE or different prospects); the issue of predicting the timing or final result of authorized or regulatory proceedings or issues, together with, however not restricted to, our capacity to resolve claims and/or allegations made by states with regard to previous practices, together with at Envolve Pharmacy Options, Inc. (Envolve), as our pharmacy advantages supervisor (PBM) subsidiary, throughout the reserve estimate we beforehand recorded and on different acceptable phrases, or in any respect, or whether or not extra claims, opinions or investigations regarding our PBM enterprise will probably be introduced by states, the federal authorities or shareholder litigants, or authorities investigations; the timing and extent of advantages from our worth creation technique, together with the chance that the advantages obtained could also be decrease than anticipated, could not happen, or won’t be realized throughout the anticipated time durations; challenges to our contract awards; cyber-attacks or different privateness or information safety incidents; the exertion of administration’s time and our assets, and different bills incurred and enterprise modifications required in reference to complying with the undertakings in reference to any regulatory, governmental or third occasion consents or approvals for acquisitions or tendencies; any modifications in anticipated time limits, estimated buy worth and accretion for acquisitions or tendencies; restrictions and limitations in reference to our indebtedness; the supply of debt and fairness financing on phrases which are favorable to us; inflation; overseas forex fluctuations; and dangers and uncertainties mentioned within the reviews that Centene has filed with the Securities and Trade Fee. This listing of essential components shouldn’t be supposed to be exhaustive. We focus on sure of those issues extra absolutely, in addition to sure different components that will have an effect on our enterprise operations, monetary situation and outcomes of operations, in our filings with the Securities and Trade Fee (SEC), together with our annual report on Kind 10-Okay, quarterly reviews on Kind 10-Q and present reviews on Kind 8-Okay. As a consequence of these essential components and dangers, we can not give assurances with respect to our future efficiency, together with with out limitation our capacity to keep up satisfactory premium ranges or our capacity to manage our future medical and promoting, basic and administrative prices.

CENTENE CORPORATION ANNOUNCES LEADERSHIP CHANGES AND APPOINTMENTS FOR NEXT PHASE OF GROWTH View unique content material:https://www.prnewswire.com/news-releases/centene-corporation-announces-leadership-changes-and-appointments-for-next-phase-of-growth-301703385.html

SOURCE Centene Company