Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Centene Corp    CNC

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Centene : Medicaid reform produces new collaboration

share with twitter share with LinkedIn share with facebook
share via e-mail
01/14/2017 | 08:22am CET

The North Carolina Medical Society announced this week it has signed an agreement to collaborate on a patient-focused approach to Medicaid under North Carolina’s reform plan to privatize its Medicaid program.

Under the agreement, the organization, working in conjunction with the N.C. Community Health Center Association, and Centene Corporation, will create Carolina Complete Health, a joint venture to establish, organize and operate a physician-led health plan to provide Medicaid managed care services in North Carolina, the announcement said.

The NCMS declined a request to question its officials about the joint venture, but the announcement said a key feature will be the active participation of physicians in the ownership and governance of the health plan.

Centene will manage the financial and daily operations, while the Carolina Complete Health Network, which will be owned jointly by NCMS, physicians, physician assistants, nurse practitioners and federally qualified health centers, will provide medical management services, hold a majority on the Board of Directors and oversee the medical policies for the health plan.

Federally qualified health centers is a reimbursement designation from the Centers for Medicare and Medicaid Services of the U.S. Department of Health and Human Services for organizations receiving federal grants. Center such as primary care outpatient clinics qualify for enhanced reimbursement from Medicare and Medicaid and other benefits. They must serve an underserved area or population, offer a sliding fee scale, provide comprehensive services, have an ongoing quality assurance program, and have a governing board of directors.

“With the changes taking place in our health care system at the state level with Medicaid reform and new programs at the national level, the NCMS remains committed to ensuring that physicians are the ones making the clinical decisions in the best interest of their patients,” CEO Robert W. Seligson said. “Our leadership views this partnership as a unique opportunity to help lead the reform process and to put patients’ needs first.”

When the General Assembly in September 2015 passed Medicaid reform legislation privatizing the state’s Medicaid program, the NCMS began pursuing ways to keep patients at the forefront, according to the announcement. The NCMS established key criteria for a partnership including financial strength, experience with statewide Medicaid networks and an openness to a patient-focused approach.

Centene president and CEO Michael F. Neidorff said his company believes the physician-directed health plan can be an ideal model when properly executed to ensure providers are leading health care decisions and contributing toward a value-based reimbursement system that results in better health outcomes for members at a lower cost to the state.

“We have seen this type of health plan model work, and we look forward to bringing this approach to North Carolina,” Neidorff said.

© 2017 Cooke Communications LLC - The Daily Reflector, source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CENTENE CORP
01/14 CENTENE : Medicaid reform produces new collaboration
01/13 CENTENE CORP : Khang & Khang LLP Announces Securities Class Action Lawsuit again..
01/13 CENTENE : Hybrid Medicaid reform initiative draws support Hybrid Medicaid reform..
01/12 CENTENE : Pennsylvania Subsidiary Awarded Medicaid Agreement For The HealthChoic..
01/12 CENTENE CORPORATION : To Present At 35th Annual J.P. Morgan Healthcare Conferenc..
01/11 CENTENE CORP : Lundin Law PC Announces Securities Class Action Lawsuit against C..
01/11 JANUARY 13 DEADLINE ALERT : Law Offices of Howard G. Smith Reminds Centene Corp...
01/11 CENTENE CORP : Khang & Khang LLP Announces Securities Class Action Lawsuit again..
01/11 CENTENE : The News & Observer (Raleigh, N.C.) Lynn Bonner column
01/10 CENTENE CORP : Lundin Law PC Announces Securities Class Action Lawsuit against C..
More news
Sector news : Managed Healthcare - NEC
08:49aDJAHEAD OF THE TAPE : Insurer Is Set to Pass Its Exam -- WSJ
01/16DJUNITEDHEALTH : Is Poised to Pass Its Earnings Checkup--Ahead of the Tape
01/12DJCigna Drops Coverage of Mylan's EpiPen for Cheaper Generic -- Update
01/12DJCIGNA : Drops Coverage of Mylan's EpiPen for Cheaper Generic
01/10DJUNITEDHEALTH : Optum to Acquire Surgical Care in $2.3 Billion Deal -- WSJ
More sector news : Managed Healthcare - NEC
News from SeekingAlpha
01/16 Trump vows health 'insurance for everybody'
01/12 WALL STREET BREAKFAST : Apple Sets Its Sights On Hollywood
01/12 Senate takes first step to repeal Obamacare
2016 WALL STREET BREAKFAST : Nuclear Meltdown For Toshiba Shares
2016 "Public-private option" for veterans' health care
Financials ($)
Sales 2016 39 681 M
EBIT 2016 1 370 M
Net income 2016 500 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 20,28
P/E ratio 2017 15,42
Capi. / Sales 2016 0,27x
Capi. / Sales 2017 0,23x
Capitalization 10 706 M
More Financials
Duration : Period :
Centene Corp Technical Analysis Chart | CNC | US15135B1017 | 4-Traders
Full-screen chart
Technical analysis trends CENTENE CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 73,2 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Michael F. Neidorff Chairman, President & Chief Executive Officer
Jeffrey A. Schwaneke Chief Financial Officer & Executive Vice President
Ken Yamaguchi Chief Medical Officer & Executive Vice President
Mark J. Brooks Chief Information Officer & Senior Vice President
David L. Steward Independent Class II Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CENTENE CORP10.87%10 706
AETNA INC-1.37%42 919
ANTHEM INC3.31%39 128
HUMANA INC-0.54%30 256
More Results