Below, we get to see the leaders and executives who with their expertise and fresh perspectives drive the company in the right direction. Centene Corporation posted $1.1 billion in profit for the first quarter of 2023, . He has gathered over 25 years of expertise in core management, network management, web/mobile, and infrastructure solutions, and deep expertise in Customer Relationship Management, eCommerce, ERP, and Custom Application. Cision Distribution 888-776-0942 CASH, INVESTMENTS AND RESTRICTED DEPOSITS (in millions). Biography. 486. The Company's days in claims payable was 54 days, which is flat as compared to the fourth quarter of 2022, and an increase of one day as compared to the first quarter of 2022. As the chief financial officer, Drew Asher is responsible for Centenes Accounting, Treasury, Capital Markets, Tax, Actuarial Services, Health Economics, Financial Planning, Investor Relations, and Procurement. Improving the company culture is one of Bagleys goals, which can be met by introducing innovative employee programs, communication, and engagement channels. The following table sets forth our membership by line of business: Membership includes Temporary Assistance for Needy Families (TANF), Medicaid Expansion, Children's Health Insurance Program (CHIP), Foster Care, and Behavioral Health. Mr. Trubeck has a wide range of experience in public company governance and organizations with over $1 billion in revenues. The company continued to grow and was later renamed Centene Corporation around 1997. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Our broad portfolio of approximately 500 product solutions and services includes the following: Our specialty services are a key component of our healthcare strategy and complement our core Managed Care business. Shannon Bagley is a strong advocate of the people agenda, modernization of Centenes people strategy, and the establishment of Diversity and Inclusion in Centene. Sign Up Now! Through the years, it grew as a publicly traded company, earning a billion in revenue in its 20th year expanding its services to Ohio, Florida, and Massachusetts consumers. Medical claims liabilities totaled $17.5 billion. for the three months ended March 31, 2023: Magellan Specialty Health divestiture gain of $0.14 ($0.12 after-tax) and real estate impairments of $0.05 ($0.04 after-tax). The effective tax rate for the first quarter of 2023 reflects the tax effects of the distribution of long-term stock awards to the estate of the Company's former CEO as well as the Magellan Specialty Health gain. Throughout the years of dedication and commitment to quality health care, Centene received health plan accreditations and program awards. Cash flow provided by operations for the first quarter of 2023 was. Our Environmental, Social, Health, and Governance (ESHG) Strategic Framework expresses our commitments to protect our planet, serve our communities, live our values, and cultivate healthier lives. She participates in Audit, Compensation, and Technology Committees. propos. He primarily works with providers and health systems to make new commercial contracts. Steady, organic growth and a series of strategic acquisitions have transformed us from a regional player to a national powerhouse.
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