@wellcare.com
Wellcare is now part of Centene creating a premier healthcare enterprise focused on government-sponsored healthcare programs.
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About
Description
WellCare Health Plans, Inc., commonly known as WellCare, is a managed healthcare company based in the United States. The company provides government-sponsored managed care services focused on Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans. WellCare was founded in 1985 and is headquartered in Tampa, Florida.
Over the years, the company has grown through acquisitions and partnerships. In 2002, it went public on the New York Stock Exchange under the ticker symbol WCG. The main products and services offered by WellCare include health maintenance organization (HMO) plans, preferred provider organization (PPO) plans, special needs plans (SNPs), and prescription drug plans (PDPs).
WellCare serves individuals eligible for Medicaid and Medicare programs, as well as those with complex medical needs. On a global scale, WellCare primarily operates within the United States. The company serves customers in all 50 states and has a strong presence in government-sponsored healthcare programs.
WellCare's subsidiaries include Meridian Health Plan, a Medicaid health insurance company serving multiple states, and Convey Health Solutions, a technology-enabled healthcare solutions provider. WellCare is a significant player in the managed care industry. The company's market position is robust, with consistent growth in global sales.
WellCare operates in a competitive landscape, facing competition from other managed care organizations such as UnitedHealth Group, Anthem, and Centene Corporation. In terms of major events and achievements, WellCare has made strategic acquisitions to expand its reach and capabilities. In 2018, WellCare acquired Meridian Health Plan, which strengthened its position as a leader in government-sponsored healthcare programs.
The acquisition of Meridian provided WellCare with a new market segment and expanded its customer base significantly. As of the latest available information, WellCare continues to operate successfully as a leader in managed healthcare. The company serves millions of members across its various plans and continues to focus on delivering high-quality, cost-effective care to its customers.
WellCare's commitment to innovation and partnerships ensures its continued growth and success in the industry
Company Type
Public Company
Company Size
5001-10,000
Year Founded
1985
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