Summary
Centene Stock Showing Signs of Life After Revenue Beat
Centene Corp (NYSE:CNC) stock is 3.9% higher to trade at $27.75 this morning, even after the managed healthcare company reported an adjusted second-quarter loss of 16 cents per share, steeper than the 11 cents per share projected.
Centene (CNC) Reports Q2 Loss, Tops Revenue Estimates
Centene (CNC) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.68. This compares to earnings of $2.42 per share a year ago.
Centene Reports $253 Million Loss Amid Health Insurer Cost Struggles
Health insurer Centene reported a $253 million loss in its second quarter as the provider of government-subsidized benefits struggles to manage costs of its health plan members.
Concurrent Technologies Plc Profile
| Medical - Healthcare Plans Industry | Healthcare Sector | Sarah M. London CEO | LSE Exchange | GB0002183191 ISIN |
| US Country | 60,400 Employees | - Last Dividend | 7 Feb 2019 Last Split | 13 Dec 2001 IPO Date |
Overview
Centene Corporation stands as a prominent healthcare enterprise catering to the essential healthcare needs of under-insured and uninsured families, commercial organizations, and military families within the United States. Distinguished by its commitment to providing comprehensive health programs and services, the company navigates through the complexity of healthcare needs across diverse populations. Established in 1984 and headquartered in Saint Louis, Missouri, Centene has carved a niche for itself in the healthcare sector by offering a wide array of services across its multiple operational segments including Medicaid, Medicare, Commercial, and Other segments. The company's focus on accessibility and quality care underlines its mission to deliver healthcare solutions that foster well-being and improve health outcomes for all its members.
Products and Services
Centene's product and service portfolio spans across several key areas of healthcare, addressing the needs of a vast demographic through its diversified offerings:
- Medicaid: This segment caters to health plan coverage for individuals and families qualifying under Medicaid expansion, aged, blind, disabled individuals, the children's health insurance program, foster care, and those eligible for both Medicare and Medicaid (dual eligibles). It also provides long-term services and support, encompassing a broad range of healthcare products to meet the diverse needs of its members.
- Medicare: In this segment, Centene offers specialized plans for those with specific needs (Special Needs Plans) and Medicare supplement plans. Additionally, the company provides Prescription Drug Plans, which are essential for many elderly and disabled individuals relying on medications for managing their health conditions.
- Commercial: This segment offers health insurance marketplace products tailored for individuals, small and large groups. By catering to the commercial market, Centene ensures that businesses of all sizes can provide their employees with access to quality healthcare services.
- Clinical Healthcare and Pharmacies: Centene operates clinical healthcare facilities and pharmacies, which are vital components of its healthcare delivery model. These services ensure that members receive timely and efficient care, as well as access to necessary medications.
- Dental Services: Recognizing the importance of oral health as part of overall well-being, Centene also offers dental services to its members, ensuring comprehensive healthcare solutions that address all aspects of health.
- Government Contracts: Centene engages in the government contracts business, notably under the TRICARE program, which provides health benefits for military personnel, retirees, and their dependents. This showcases Centene's commitment to serving the health needs of military families and underscores its capacity to manage large-scale healthcare programs.
Contact Information
