Centene Corp to slash 3,000 jobs

INSURANCE COVERAGE INFORMATION

Centene Corp to reduce 3,000 tasks

In December 2020, Centene finished 2 significant procurements, taking control of Apixio, a medical care analytics business providing expert system (AI) innovation options, and also PANTHERx, among the biggest and also fastest-growing specialized drug stores in the United States focusing on orphan medicines and also dealing with uncommon illness.

The company has actually additionally authorized a conclusive contract to get Magellan Wellness, Inc., which supplies innovation options for intricate locations of wellness, consisting of unique populaces, total drug store advantages and also various other specialized locations of medical care.

Review following: UnitedHealth Group appoints new CEO

Procurements improved Centene’s overall profits in 2020. For the 4th quarter, the firm saw overall incomes of $28.3 billion, a 50% rise from $18.9 billion in the previous year duration. The company stated the rise was “due to the acquisition of WellCare and growth in the Medicaid and Health Insurance Marketplace businesses, driven by expansions and new programs in many of our states.”

The wellness insurance provider’s full-year 2020 profits was $111.1 billion, standing for 49% development year-over-year.

“2020 was a year when Centene demonstrated the strength of our diversified enterprise and our operational excellence as we delivered strong top- and bottom-line growth while supporting all our stakeholders,” stated Michael F. Neidorff, Chairman, head of state and also Chief Executive Officer of Centene.

” Structure on our management placement in government-sponsored medical care, we are concentrated on providing the following stage of development via item and also geographical growth, progressing our innovation method and also more incorporating our varied capacities.

“We’re pleased to have been selected for two statewide managed care contracts in Oklahoma, and through the recently announced acquisition of Magellan, our goal is to enhance our ability to provide comprehensive care to the most vulnerable populations. Looking ahead, we have great confidence in our ability to pursue our growth strategy in 2021 and beyond.”

Read Original – Click Here

Please rate this article: 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2021 U-S-INSURANCE.COM - FIND THE RIGHT INSURANCE

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account