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

ST. LOUIS, Sept. 26, 2022 /PRNewswire/ — Centene Company ( NYSE: CNC) introduced right this moment that its Nebraska subsidiary, Nebraska Whole Care, has been awarded the Nebraska Division of Well being and Human Providers (DHHS) statewide Medicaid managed care contract. Beneath the brand new contract, Nebraska Whole Care will proceed serving the state’s Medicaid Managed Care Program, often called Heritage Well being. The brand new contract time period is 5 years and contains the choice for 2, one-year renewals.

“We’re happy to proceed our partnership with the state to assist construct a more healthy Nebraska,” stated Brent Layton, Centene’s President and Chief Working Officer. “Along with our community of native suppliers and group companions, we sit up for delivering progressive options to assist enhance well being outcomes for our members at decrease prices to the state.”

The state’s Medicaid managed care program offers entry to bodily well being, behavioral well being, pharmacy, hospital, dental and different providers. Right this moment, Nebraska Whole Care serves greater than 125,000 Medicaid enrollees and companions with practically 60,000 healthcare suppliers statewide.

“Since 2017, Nebraska Whole Care has been dedicated to serving to Nebraskans reside more healthy lives,” stated Heath Phillips, Nebraska Whole Care President and CEO. “Our native method displays an understanding of the distinctive challenges our members and their households face every single day in communities all through the state.”

Along with Medicaid, Nebraska Whole Care serves underinsured and uninsured people via its federal insurance coverage market plan, Ambetter, and offers insurance coverage for the Medicare inhabitants via its Medicare Benefit and Medicare Prescription Drug Plans (PDP), Wellcare.

About Centene Company 
Centene Company, a Fortune 500 firm, is a number one healthcare enterprise that’s dedicated to serving to folks reside more healthy lives. The Firm takes an area method – with native manufacturers and native groups – to supply totally built-in, high-quality, and cost-effective providers to government-sponsored and industrial healthcare packages, specializing in under-insured and uninsured people. Centene provides inexpensive 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 industrial organizations to supply a wide range 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 may well higher serve its members, suppliers, native communities, and authorities companions.

Centene makes use of its investor relations web site to publish necessary details about the Firm, together with data which may 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-Wanting 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 equivalent to “consider,” “anticipate,” “plan,” “count on,” “estimate,” “intend,” “search,” “goal,” “aim,” “could,” “will,” “would,” “may,” “ought to,” “can,” “proceed” and different related phrases or expressions (and the unfavorable 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. Specifically, 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, together with statements concerning the impression of our just lately accomplished acquisition of Magellan Well being, Inc. (the Magellan Acquisition), different latest and future acquisitions and tendencies, our investments and the adequacy of our out there money assets. 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 gentle of our expertise and notion of historic tendencies, present situations, enterprise methods, working environments, future developments and different components we consider acceptable. By their nature, forward-looking statements contain recognized 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 components which 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 will not be 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 data 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 on account of new data, 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 as a result of a wide range of necessary 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 impression of COVID-19; the danger that the election of latest administrators, modifications in senior administration, and any incapability to retain key personnel could create uncertainty or negatively impression our capacity 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 durations; disruption from the mixing of the Magellan Acquisition or the WellCare Acquisition, surprising prices, or related dangers from different acquisitions or tendencies we could announce or full now and again, together with potential opposed reactions or modifications to enterprise relationships with prospects, workers, suppliers or regulators, making it tougher to keep up enterprise and operational relationships; the danger that the closing situations, together with relevant regulatory approvals, for the pending tendencies 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 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 drugs; elevated healthcare prices; modifications in financial, political or market situations; modifications in federal or state legal guidelines or laws, together with modifications with respect to earnings tax reform or authorities healthcare packages in addition to modifications with respect to the Affected person Safety and Inexpensive Care Act and the Well being Care and Training Affordability Reconciliation Act (collectively known as the ACA) and any laws enacted thereunder which will consequence from altering political situations, 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 capacity to adequately value merchandise; tax issues; disasters or main epidemics; modifications in anticipated contract begin dates; supplier, state, federal, international 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 recorded in 2021 and on different acceptable phrases, or in any respect, or whether or not extra claims, evaluations or investigations referring to our PBM enterprise shall 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 durations; challenges to our contract awards; cyber-attacks or different privateness or knowledge 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 celebration consents or approvals for acquisitions or tendencies; any modifications in anticipated time limits, estimated buy value and accretion for acquisitions or tendencies; restrictions and limitations in reference to our indebtedness; our capacity 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 can be favorable to us; inflation; international foreign money fluctuations; and dangers and uncertainties mentioned within the stories that Centene has filed with the Securities and Change Fee. This checklist of necessary components isn’t meant to be exhaustive. We focus on sure of those issues extra totally, in addition to sure different components which 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-Okay, quarterly stories on Kind 10-Q and present stories on Kind 8-Okay. As a consequence of these necessary components and dangers, we can not give assurances with respect to our future efficiency, together with with out limitation our capacity to keep up enough premium ranges or our capacity to manage our future medical and promoting, basic and administrative prices. 

SOURCE Centene Company

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

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