Centene

Centene

Provides health insurance and services

About Centene

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

Industries

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Saint-Louis, Senegal

Founded

1984

Overview

Centene Corporation operates in the healthcare industry, focusing on providing health insurance and services primarily to underinsured and uninsured individuals. The company offers a variety of health insurance products, including medical, dental, vision, and behavioral health services, as well as pharmacy benefits. Centene's business model emphasizes a localized approach, allowing it to tailor its services to meet the specific needs of different communities across the United States. This strategy sets Centene apart from competitors by ensuring that care is both high-quality and cost-effective. The company generates revenue through premiums collected from its members, which amounted to $140.1 billion in 2023. Centene's goal is to improve health outcomes for its members while addressing social barriers to health and promoting sustainability. Additionally, the company values employee well-being by offering flexible work arrangements.

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Simplify's Take

What believers are saying

  • Telehealth expansion offers Centene opportunities to improve access for underserved populations.
  • Value-based care models align with Centene's cost-effective healthcare goals.
  • AI in healthcare can enhance Centene's patient care and operational efficiency.

What critics are saying

  • Increased competition in the Health Insurance Marketplace may impact Centene's market share.
  • Rising healthcare costs could pressure Centene's profit margins.
  • Potential changes in Medicaid funding could affect Centene's revenue streams.

What makes Centene unique

  • Centene's localized approach tailors healthcare services to specific community needs.
  • The company focuses on underinsured and uninsured populations, a unique market segment.
  • Centene integrates social determinants of health into its healthcare delivery model.

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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

Company News

PR Newswire
Mar 27th, 2025
'Ohana Health Plan And Healthy Mothers Healthy Babies Coalition Of Hawaii Extend Partnership To Improve Maternal And Child Health Outcomes

The $500,000 cumulative capital investment provides an all-inclusive maternal and child health programHONOLULU, March 27, 2025 /PRNewswire/ -- 'Ohana Health Plan, a leading provider of government-sponsored managed care services in Hawaii and a Centene Corporation company (NYSE: CNC), today announced an additional $300,000 investment to Healthy Mothers Healthy Babies Coalition of Hawaii (HMHB Hawaii). The funding will expand 'Ohana Health Plan's "Mana 'Ohana" partnership program with HMHB Hawaii

PR Newswire
Mar 26th, 2025
Wellcare Of Kentucky Donates $190,000 To Flood Relief Efforts

Health plan serves more than 87,000 Medicaid members in affected area. LOUISVILLE, Ky., March 26, 2025 /PRNewswire/ -- WellCare of Kentucky, a Centene Corporation company, announced details today about how they are providing relief efforts to meet the immediate and long-term needs of communities affected by flooding in Eastern Kentucky. WellCare will provide funds focused on restoration and rebuilding projects, dispersing financial assistance, and distributing goods to help survivors recovering and rebuilding post-disaster. The total donation is $190,000 and will go several local organizations providing ongoing, direct relief to those affected by the most recent flooding, including Governor Andy Beshear's Team Kentucky Flood Relief Fund. Funding will also go to 10 additional community-based organizations providing direct support to flood survivors in their region: "Devastating floods have once again made a massive impact on our local communities, and recovery from weather events like this one can take years," said WellCare Plan President and CEO Corey Ewing. "WellCare is committed to continue our efforts to help people rebuild their lives."

PR Newswire
Mar 24th, 2025
'Ohana Health Plan Provides Scholarships For Aspiring Nurses At Uh West O'Ahu

The $25,000 contribution will fund the pre-nursing pathway program for students HONOLULU, March 24, 2025 /PRNewswire/ -- 'Ohana Health Plan, a leading provider of government-sponsored managed care services in Hawaiʻi and a Centene Corporation company (NYSE: CNC), announced today a $25,000 contribution to the University of Hawaii Foundation for the 'Ohana Health Plan Pre-Nursing Scholarship at the University of Hawaiʻi West Oʻahu

PR Newswire
Mar 18th, 2025
Centene Corporation To Host 2025 First Quarter Financial Results Earnings Call

ST. LOUIS, March 18, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 2025 first quarter financial results at approximately 6:00 a.m. ET on Friday, April 25, 2025, and host a conference call at 8:30 a.m. ET to review the results.Investors and other interested parties are invited to listen to the conference call by dialing 1-877-883-0383 in the U.S. and Canada; +1-412-902-6506 from abroad, including the following Elite Entry Number: 9776439 to expedite caller registration; or via a live, audio webcast on the Company's website at www.centene.com, under the Investors section.A webcast replay will be available for on-demand listening shortly following the completion of the call for the next 12 months or until 11:59 p.m. ET on Friday, April 24, 2026, at the aforementioned URL

PR Newswire
Mar 17th, 2025
Centene Subsidiary Meridian Health Plan Of Illinois Awarded Contract To Serve Dually Eligible Medicare And Medicaid Members Across The State

ST. LOUIS, March 17, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Meridian Health Plan of Illinois, Inc. (Meridian), has been selected by the Illinois Department of Healthcare and Family Services (HFS) to continue providing Medicare and Medicaid services for dually eligible Illinoisans through a Fully Integrated Dual Eligible Special Needs Plan (D-SNP). The D-SNP program will provide services and support statewide for dually eligible members who qualify for Medicare and Medicaid, as well as dually eligible Managed Long Term Services and Supports (MLTSS) members, under a single managed care organization. The new D-SNP contract is expected to begin on Jan. 1, 2026, and operate through Dec

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