@centene.com
We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products.
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About
Description
Centene Corporation is a leading healthcare enterprise based in the United States. The company specializes in administering health insurance plans focused on Medicaid, Medicare, and the Affordable Care Act (ACA) marketplace. Centene was founded in 1984 by Elizabeth Bricker and Stanley Roberts as a single Medicaid plan in Milwaukee, Wisconsin.
It quickly grew and expanded its operations to multiple states, offering managed care plans for low-income families, individuals, and seniors. The companyโs headquarters is located in St. Louis, Missouri.
The primary products and services offered by Centene include healthcare coverage through Medicaid, Medicare, and the ACA marketplace. It partners with states to provide comprehensive managed care plans that include medical, behavioral, and specialty services. Centene's mission is to improve the health outcomes of underserved populations, and it achieves this by working closely with healthcare providers and community organizations.
Centene operates on a global scale through its subsidiaries, joint ventures, and partnerships. Notably, it acquired WellCare Health Plans in 2020, further strengthening its position in the Medicare and Medicaid markets. It also has joint ventures with multinational pharmaceutical company, Sanofi, and other regional healthcare providers.
In terms of market position, Centene is a prominent player in the healthcare industry. It is ranked among the largest managed care companies in the United States, with a significant presence in over 30 states. The company's global sales continue to grow steadily, driven by its expansion strategies, strong relationships with state governments, and an increasing demand for Medicaid and Medicare plans.
Over the years, Centene has achieved various milestones and strategic developments. In 2019, the company launched its pharmacy benefit management (PBM) subsidiary, Envolve Pharmacy Solutions, to enhance prescription drug services. Furthermore, it has made efforts to diversify its offerings by expanding into specialty healthcare services and entering into value-based payment models.
As of the latest updates, Centene continues to operate successfully and has demonstrated resilience amidst the challenging healthcare landscape. The company is committed to advancing access to quality healthcare for underserved communities and contributing to the overall improvement of health outcomes. With its comprehensive portfolio of products and services, strong market position, and ongoing growth strategies, Centene remains a vital player in the healthcare industry
Company Type
Public Company
Company Size
10,001+
Year Founded
1984
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