Centene Subsidiary Chosen to Proceed Serving Mississippi’s Medicaid Managed Care Members

Centene Subsidiary Chosen to Proceed Serving Mississippi’s Medicaid Managed Care Members

Health Care Financing

ST. LOUIS, Aug. 10, 2022 /PRNewswire/ — Centene Company (NYSE: CNC) introduced right this moment its Mississippi subsidiary, Magnolia Well being Plan (Magnolia), has been awarded the Mississippi Division of Medicaid (DOM) contract. Underneath the brand new contract, Magnolia will proceed serving the state’s Coordinated Care Group Program, which is able to encompass the Mississippi Coordinated Entry Community (MSCAN) and the Mississippi Youngsters’s Well being Insurance coverage Program (CHIP). The brand new contract time period is 4 (4) years and consists of the choice for 2, 1-year renewals.

“We’re honored to have the chance to proceed serving our state companions to assist construct a more healthy Mississippi,” stated Brent Layton, Centene’s President and Chief Working Officer. “We stay up for persevering with our long-standing partnerships with our community of native suppliers and neighborhood companions, to ship member-focused care and enhance well being outcomes whereas strengthening communities all through Mississippi.”

Almost 1 in 4 Mississippians’ healthcare is roofed by means of the state’s Medicaid managed care program, which offers entry to bodily well being, behavioral well being, pharmacy, hospital, and different providers. At present, Magnolia serves greater than 150,000 Medicaid enrollees and companions with 30,850 healthcare suppliers statewide.

“For greater than a decade, Magnolia has been dedicated to rising entry to high-quality healthcare for Mississippians,” stated Aaron Sisk, Magnolia President and CEO. “We imagine our concentrate on the wellness of the entire individual, together with our native presence in Mississippi, permits Magnolia to uniquely tackle the well being wants of our communities.”

Magnolia has served the Medicaid inhabitants in partnership with DOM since 2011. The group additionally focuses on under-insured and uninsured people by means of its federal insurance coverage market plan, Ambetter. Moreover, Magnolia offers insurance coverage for the Medicare inhabitants by means of its Medicare Benefit plan, WellCare.

About Centene Company
Centene Company, a Fortune 500 firm, is a number one healthcare enterprise that’s dedicated to serving to folks dwell more healthy lives. The Firm takes an area strategy – with native manufacturers and native groups – to supply absolutely built-in, high-quality, and cost-effective providers to government-sponsored and business healthcare applications, specializing in under-insured and uninsured people. Centene provides 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 services. The Firm additionally serves a number of worldwide markets, and contracts with different healthcare and business organizations to supply quite a lot of specialty providers targeted on treating the entire individual. Centene focuses on long-term development and worth creation in addition to the event of its folks, programs, and capabilities in order that it could 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, aside from statements of present or historic reality, contained on this press launch are forward-looking statements. With out limiting the foregoing, forward-looking statements typically use phrases resembling “imagine,” “anticipate,” “plan,” “anticipate,” “estimate,” “intend,” “search,” “goal,” “purpose,” “might,” “will,” “would,” “may,” “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 coated by the safe-harbor provisions for forward-looking statements contained within the Personal Securities Litigation Reform Act of 1995, and we’re together with this assertion for functions of complying with these safe-harbor provisions. Specifically, these statements embrace, 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 inclinations, together with statements in regards to the impression of our lately accomplished acquisition of Magellan Well being, Inc. (the Magellan Acquisition), different latest and future acquisitions and inclinations, our investments and the adequacy of our out there money sources. These forward-looking statements mirror our present views with respect to future occasions and are primarily based on quite a few assumptions and assessments made by us in mild of our expertise and notion of historic tendencies, present circumstances, enterprise methods, working environments, future developments and different elements we imagine acceptable. 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 can happen sooner or later, together with financial, regulatory, aggressive and different elements that will trigger our or our business’s precise outcomes, ranges of exercise, efficiency or achievements to be materially totally 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 regulation, we undertake no obligation to replace or revise the forward-looking statements included on this press launch, whether or not on account 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 might differ materially from projections, estimates, or different forward-looking statements because of quite a lot of essential elements, variables and occasions together with, however not restricted to: our means to precisely predict and successfully handle well being advantages and different working bills and reserves, together with fluctuations in medical utilization charges because of the ongoing impression of COVID-19; the chance that the election of latest administrators, adjustments in senior administration, and any incapability to retain key personnel might create uncertainty or negatively impression our means to execute shortly and successfully;  uncertainty as to the anticipated monetary efficiency of the mixed firm following the latest completion of 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 intervals; disruption from the mixing of the Magellan Acquisition or the WellCare Acquisition, sudden prices, or related dangers from different acquisitions or inclinations we might announce or full infrequently, together with potential antagonistic reactions or adjustments to enterprise relationships with prospects, workers, suppliers or regulators, making it tougher to keep up enterprise and operational relationships; the chance that the closing circumstances, together with relevant regulatory approvals, for the pending inclinations of Magellan Rx and our Spanish and Central European companies, could also be delayed or not obtained; impairments to actual property, investments, goodwill and intangible belongings; a downgrade of the credit standing of our indebtedness; competitors; membership and income declines or sudden tendencies; adjustments in healthcare practices, new applied sciences, and advances in medication; elevated healthcare prices; adjustments in financial, political or market circumstances; adjustments in federal or state legal guidelines or rules, together with adjustments with respect to earnings tax reform or authorities healthcare applications in addition to adjustments with respect to the Affected person Safety and Reasonably priced Care Act and the Well being Care and Training Affordability Reconciliation Act (collectively known as the ACA) and any rules enacted thereunder that will outcome from altering political circumstances, the brand new administration or judicial actions; price cuts or different cost reductions or delays by governmental payors and different dangers and uncertainties affecting our authorities companies; our means to adequately value merchandise; tax issues; disasters or main epidemics; adjustments in anticipated contract begin dates; supplier, state, federal, overseas and different contract adjustments 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 end result of authorized or regulatory proceedings or issues, together with, however not restricted to, our means 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 recorded in 2021 and on different acceptable phrases, or in any respect, or whether or not further claims, opinions or investigations referring to our PBM enterprise can be introduced by states, the federal authorities or shareholder litigants, or authorities investigations; the timing and extent of advantages from strategic worth creation initiatives, together with the chance that these initiatives won’t achieve success, or won’t be realized throughout the anticipated time intervals; challenges to our contract awards; cyber-attacks or different privateness or information safety incidents; the exertion of administration’s time and our sources, and different bills incurred and enterprise adjustments required in reference to complying with the undertakings in reference to any regulatory, governmental or third occasion consents or approvals for acquisitions or inclinations; any adjustments in anticipated cut-off dates, estimated buy value and accretion for acquisitions or inclinations; restrictions and limitations in reference to our indebtedness; our means to keep up or obtain enchancment within the Facilities for Medicare and Medicaid Providers (CMS) Star rankings and keep or obtain enchancment in different high quality scores in every case that may impression income and future development; the supply of debt and fairness financing on phrases which might be favorable to us; inflation; overseas forex fluctuations; and dangers and uncertainties mentioned within the reviews that Centene has filed with the Securities and Change Fee. This checklist of essential elements is just not supposed to be exhaustive. We talk about sure of those issues extra absolutely, in addition to sure different elements that will have an effect on our enterprise operations, monetary situation and outcomes of operations, in our filings with the Securities and Change Fee (SEC), together with our annual report on Kind 10-Ok, quarterly reviews on Kind 10-Q and present reviews on Kind 8-Ok. Attributable to these essential elements and dangers, we can not give assurances with respect to our future efficiency, together with with out limitation our means to keep up enough premium ranges or our means to manage our future medical and promoting, basic and administrative prices.

Centene Subsidiary Chosen to Proceed Serving Mississippi’s Medicaid Managed Care Members

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SOURCE Centene Company