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

Delayed Quote. Delayed  - 08/23 10:00:48 pm
69.93 USD   -1.01%
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Centene : Health Net Offers Assistance for California Fire Victims and Evacuees

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08/22/2016 | 08:56pm CEST

With states of emergency declared in San Bernardino, San Luis Obispo and Lake counties, Health Net is providing access to essential prescriptions and other services

Health Net, Inc. is helping ensure that its members who have lost their homes or been evacuated due to major wildfires in three counties have access to essential prescription medications, critical Health Net information and other services to help them cope with grief, loss, stress or trauma.

California Gov. Jerry Brown last week declared states of emergency as a result of the Blue Cut Fire in San Bernardino County, the Chimney Fire in San Luis Obispo County and the Clayton Fire in Lake County.

“These fires are creating emotional situations for many of our members,” said Steve Sell, president of Health Net of California. “We are reaching out to our members in these three counties to help ensure they have uninterrupted access to the medical services and products they need to stay well.”

Prescription Information

Health Net will approve payment for any essential prescription medications (with the usual copayments and deductibles) for any Health Net member in California whose medicine was lost in a wildfire or remained behind during an evacuation. To obtain an emergency supply, these members simply need to return to the pharmacy where the original prescription was filled. For questions or assistance, affected Health Net members may call 800-400-8987.

Coping Assistance

Health Net members who lost their homes or have been evacuated due to the current wildfires may contact MHN, Health Net’s behavioral health subsidiary, for referrals to mental health counselors, local resources or telephonic consultations to help them cope with stress, grief, loss or other trauma resulting from the fires.

For the duration of the fires and their immediate aftermath, affected Health Net members may contact MHN 24 hours a day, seven days a week at 800-227-1060.

Information for Health Care Providers

Health Net is taking steps to help ensure that health care providers in the areas of the wildfires are able to continue providing for Health Net members’ medical needs.

Health care providers who contract with Health Net may call 800-641-7761 for guidance on prescription refill guidelines, length of time to obtain authorizations for treatment, or approval for out-of-network services in the event a contracting provider or facility becomes unavailable.

Other Important Information

Depending on how the fire situations play out, Health Net may make additional changes to its policies as needed to help ensure members have access to necessary health care services.

About Health Net

Health Net, Inc., a wholly owned subsidiary of Centene Corporation (NYSE: CNC), provides and administers health benefits through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid and dual eligible programs. Health Net also offers access to behavioral health, substance abuse and employee assistance programs, and managed health care products related to prescription drugs. For more information on Health Net, please visit the company’s website at www.healthnet.com.

© Business Wire 2016
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Financials ($)
Sales 2016 39 910 M
EBIT 2016 1 430 M
Net income 2016 508 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 22,53
P/E ratio 2017 16,39
Capi. / Sales 2016 0,30x
Capi. / Sales 2017 0,26x
Capitalization 11 940 M
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Centene Corp Technical Analysis Chart | CNC | US15135B1017 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 81,3 $
Spread / Average Target 16%
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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
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