C

Centene

Runs government-backed health insurance plans

Overview

Centene runs government-backed health insurance plans in the United States, with Medicaid as its largest business alongside Medicare and Affordable Care Act Marketplace coverage. It is one of the largest Medicaid insurers in the country and also runs plans for people eligible for both Medicare and Medicaid, long-term care and children in foster care. States and the federal government pay Centene a set amount per member to manage care, and individuals buy its Ambetter Marketplace plans, often with federal subsidies. Centene contracts with local doctors, hospitals and pharmacies and keeps the difference between premiums and the cost of care. The company was founded in 1984 in Milwaukee and is headquartered in Clayton, Missouri.

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About Centene

Simplify's Rating
Why Centene is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial ServicesHealthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Clayton, Missouri

Founded

1984

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Simplify's Take

What believers are saying

  • Profits are recovering: July 2026 results lifted full-year adjusted EPS guidance above $4.80.
  • Revenue keeps growing: second-quarter revenue reported in July 2026 rose nearly 10% to about $53.6 billion.
  • Large employer, many paths: Centene had 59,800 employees in June 2026 across Medicaid, Medicare and Marketplace plans.

What critics are saying

  • Job security is shaky: in June 2026 Centene offered buyouts to most employees after steep membership losses.
  • Exchange enrollment is shrinking: Marketplace members fell from about 5.9 million in June 2025 to 3.5 million in June 2026.
  • Revenue rides on Medicaid rolls: enrollment fell 5.5% in a year to 12.1 million by June 2026.

What makes Centene unique

  • Government coverage is the whole business: Centene serves more than 1 in 15 Americans across all 50 states.
  • It began as a safety-net plan: a former hospital bookkeeper founded it in 1984 to serve Milwaukee's low-income patients.
  • It runs specialty Medicaid: its Superior HealthPlan has been Texas's sole foster care insurer since 2008.

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Funding

Total Funding

$21.1M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Hybrid Work Options
  • Flexible Work Hours

Stock Price

Company News

Yahoo Finance
Oct 14th, 2026
Centene shares rise 6.6% as it launches Gold Card scheme and redeems $568.66M of notes

Centene Corporation announced three moves in October 2026: a performance-based prior authorisation programme, a debt redemption, and a primary care expansion. Its shares are up 6.6%. The National Performance-Based Gold Card Program begins in November 2026. It aims to streamline prior authorisation for more than 160,000 eligible providers. Centene will also redeem all remaining $568.66 million of its 4.25% Notes due 2027. The move tightens its balance sheet as it works to recover margins in Medicaid and the Marketplace. Separately, its Ambetter Health Solutions unit is working with Marathon Health to expand primary care access in select Indiana and Missouri counties.

Fortune
Oct 13th, 2026
Centene CEO says health care's big AI opportunity lies beyond billing automation

Centene chief executive officer Sarah London says most AI deployed in health care today serves "inflationary use cases," tools that raise revenue in a fee-for-service system rather than cut the cost of care. Speaking at the Fortune Most Powerful Women Summit in Santa Barbara, she said faster billing and automated paperwork don't make care cheaper. London sees a bigger opportunity in changing how care is delivered. In rural areas, AI could help community health workers triage non-acute problems locally and avoid emergency room visits. Interactive tools could also let patients make initial decisions without a clinician visit. "That's actually how you bend the cost curve," she said. Centene, a $33 billion company, serves 26 million members through Medicaid plans in 29 states, plus marketplace and Medicare Advantage coverage.

Yahoo Finance
Oct 13th, 2026
Centene shares rise 3.5% on gold card plan to ease prior authorisation for 160,000 providers

Centene shares rose 3.5% in afternoon trading after the health coverage company said it will launch a National Performance-Based Gold Card Program in November 2026. The stock closed at $68.88, up 2.8%. The programme will streamline prior authorisation reviews for select outpatient services. More than 160,000 qualifying healthcare providers nationwide will be eligible. Prior authorisation is the process by which insurers approve medical care before it is delivered. Centene is up 64.9% since the start of the year and close to its 52-week high of $69.41, set in September 2026.

Banca di Bologna
Oct 13th, 2026
Centene CEO Sarah London says Medicaid patients are the last to benefit from health care innovation. She wants AI to change that.

Centene CEO Sarah London says Medicaid patients are the last to benefit from health care innovation. She wants AI to change that. Fortune 2 hours ago 81 Discover more Read Daily News The latest innovations and breakthroughs in health care don't get routed to the sickest people, they usually go to the deepest pockets. "Most of the venture money in health care goes into where the money is, and the money isn't in Medicaid," Centene CEO Sarah London said on Monday at Fortune's Most Powerful Women Summit. "That means that underserved communities don't actually benefit from innovation first. Sometimes they never do." Centene, a $33 billion company based in Missouri, is built around those very communities. The company runs Medicaid plans in 29 states and sells individual marketplace plans and Medicare Advantage. London, a mainstay of Fortune's Most Powerful Women and the youngest CEO in the Fortune 500, said Centene's 26 million members are "among the poorest, sickest members of the communities that we all live in," she told Fortune senior writer Sheryl Estrada. London, who took the CEO role four years ago at age 41, said she joined Centene because she believed health care and technology had reached an inflection point, and she wanted to lead a company that was part of getting more care to people who are usually last to get it. According to London, AI offers a massive opportunity to change the way people seek an... BankBit shares this Content always with CC License Screenshot generated in real time with SneakPeek Suite * Homepage * Finance * Centene CEO Sarah London says Medicaid patients are the last to benefit from health care innovation. She wants AI to change that.

PR Newswire
Oct 7th, 2026
Ambetter Health Solutions and Marathon Health expand access to primary care for members in Indiana and Missouri.

Ambetter Health Solutions and Marathon Health expand access to primary care for members in Indiana and Missouri. Oct 07, 2026, 07:00 ET The new partnership will provide eligible members with $0 primary care visits, lab services, and virtual care beginning in 2027 ST. LOUIS, Oct. 7, 2026 /PRNewswire/ - Centene Corporation (NYSE: CNC), through Ambetter Health Solutions, today announced a new collaboration with Marathon Health, a leading advanced primary care provider, designed to make primary care easier to access for Ambetter members in select counties across Indiana and Missouri. Available through CHOICE Arrangements (formerly ICHRA), eligible members will have access to $0 primary care visits and lab services, along with virtual primary care through Marathon Health. "Strong primary care can help identify health concerns earlier and give Ambetter's CHOICE members the support they need to manage their health over time," said Alan Silver, President of Ambetter Health Solutions. "By combining the flexibility of CHOICE Arrangements with Marathon Health's advanced primary care model, we're making it easier for employers to offer meaningful healthcare access while helping members get the preventive care, chronic condition support and ongoing provider relationships that can improve long-term health outcomes." Marathon Health's advanced primary care model brings together in-person and virtual care with services such as lab testing, chronic condition support, mental health services, and help navigating the healthcare ecosystem. This coordinated approach is designed to provide a simpler member experience and help address health needs before they become severe. By building trust and delivering care earlier, Marathon's model has demonstrated measurable impact among engaged members: 15% fewer emergency room visits and 41% fewer inpatient admissions. "Access to primary care shouldn't be complicated, and it shouldn't come with barriers that make people delay the care they need," said Ryan Jacobs, Senior Vice President, Strategy & Partnerships, Marathon Health. "This collaboration gives Ambetter members in Indiana and Missouri a direct path to the kind of consistent, trusted provider relationships that keep people healthier and out of high-cost care settings." Eligible members will receive information about available services and how to access care prior to the beginning of the 2027 plan year. To learn more about advanced primary care for health plans, visit Marathon Health. About Ambetter Health Solutions Ambetter Health Solutions, Centene Corporation's off-Exchange Marketplace business offering, delivers individual health insurance plans that are compatible with Individual Coverage Health Reimbursement Arrangements (ICHRA). Available in select states, including Arizona, Florida, Georgia, Ohio, Indiana, Missouri, Mississippi, Kansas, Nebraska, Oklahoma, Tennessee, Texas and South Carolina, these plans empower individuals to choose the coverage that best fits their needs, helping employers control cost while offering greater choice and flexibility to their workforce. For more information on health benefits and health insurance plans in your state, please visit the state specific link on AmbetterHealth.com. About Marathon Health Marathon Health is a leading advanced primary care provider, partnering with employer and union plan sponsors, as well as health plans, to improve health for millions of Americans. With nationwide onsite, nearsite, and network health centers, and virtual primary care, Marathon delivers a value-based model that enhances the healthcare experience for members and providers, while driving meaningful cost savings for plan sponsors. Marathon is proud to be certified as a Great Place to Work(R), reflecting the company's commitment to building an inclusive, high-trust culture where all employees can thrive. Learn more at marathon.health. SOURCE Centene Corporation

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