CENTENE’S HEALTH NET ISSUED NEW MEDI-CAL DIRECT CONTRACTS BY CALIFORNIA DEPARTMENT OF HEALTH CARE SERVICES

Health and fitness Web to Provide Associates in 10 counties which include Los Angeles and Sacramento Counties

ST. LOUIS, Jan. 3, 2023 /PRNewswire/ — Centene Corporation (NYSE: CNC) introduced these days the California Division of Overall health Treatment Products and services (DHCS) has picked its California subsidiary Overall health Net of California (Health and fitness Web) for immediate contracts in Los Angeles and Sacramento counties, increasing the amount of direct county contracts by DHCS to 10.

“We are pleased that DHCS selected us to keep on serving Medi-Cal users in 10 counties across the condition, including as prime carrier in Los Angeles County,” said Sarah London, Main Govt Officer of Centene. “We imagine their choice is in the most effective interest of thousands and thousands of users, and we glimpse forward to operating with DHCS to address well being disparities and strengthen how health care is shipped to Medi-Cal customers throughout the condition.”

In Los Angeles County, Well being Internet has agreed to keep on subcontracting with Molina Healthcare and perform with the state to assign 50 % of membership to Molina Health care powerful January 1, 2024.

“We are happy to have been issued contracts by DHCS and seem ahead to groundbreaking new and impressive techniques to increase access to top quality treatment and push wellness fairness for the thousands and thousands of customers we serve,” reported Brian Ternan, Overall health Net’s President and CEO.

The new contracts are expected to get started January 1, 2024. In total, Well being Internet will present Medi-Cal managed treatment expert services in Los Angeles, Sacramento, Amador, Calaveras, Inyo, Mono, San Joaquin, Stanislaus, Tulare and Tuolumne counties. Wellness Net did not obtain an award in San Diego. Wellbeing Web carries on to provide users in Fresno, Imperial, Kings, and Madera counties by way of other contractual preparations.  Overall health Web will stop its legal steps similar to the RFP.

Based mostly on the expected framework of California as described above, as perfectly as the prospective slight impact of Defense Health Agency’s modern TriCare announcement, the Enterprise is lifting its projected 2024 altered EPS flooring to $7.15 from $7.00.  

About Centene Company

Centene Company, a Fortune 500 organization, is a foremost healthcare business that is fully commited to serving to people stay much healthier life. The Organization will take a community strategy – with regional brands and regional groups – to supply thoroughly integrated, large-top quality, and price-effective companies to govt-sponsored and commercial healthcare plans, focusing on less than-insured and uninsured people today. Centene features cost-effective and higher-top quality merchandise to practically 1 in 15 people throughout the country, together with Medicaid and Medicare customers (which include Medicare Prescription Drug Strategies) as properly as people and households served by the Wellness Coverage Marketplace, the TRICARE software, and people today in correctional facilities. The Company also contracts with other health care and commercial organizations to supply a range of specialty providers focused on managing the full human being. Centene focuses on lengthy-expression development and value development as effectively as the progress of its people, programs and abilities so that it can far better serve its associates, providers, nearby communities, and federal government partners.

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