Core Insights - Health Net and the Centene Foundation have committed an additional $750,000 for wildfire recovery efforts in Los Angeles County, bringing their total contribution to $1 million [1][2] - The focus of the recovery efforts is not just to restore what was lost but to build a better healthcare system that meets community needs [2] - Health Net is convening key stakeholders to assess community needs and support the rebuilding of healthcare infrastructure [3] Funding and Investment - The new funding will be distributed to local nonprofit organizations for initiatives related to housing assistance, mental health, healthcare services, and rebuilding critical infrastructure [2] - Health Net recently announced a $9 million investment to strengthen California's physician workforce, creating pathways for new medical professionals and supporting existing ones [3] Community Engagement - The convening of stakeholders includes public health departments, community organizations, and healthcare providers, focusing on four critical areas: respiratory health, mental and behavioral health, children and youth, and housing [3][6] - Los Angeles County Supervisor Kathryn Barger emphasized the importance of partnership and compassion in rebuilding efforts, highlighting the critical investment from Health Net and the Centene Foundation [3] Organizational Background - Health Net, a company of Centene Corporation, has been operating in California for over 45 years, providing health plans for various demographics and serving over three million members [5] - The Centene Foundation focuses on investing in economically challenged communities and addressing social drivers of health to improve health equity [7]

Centene Corporation (CNC) recently announced that its subsidiary, SilverSummit Healthplan, has received a crucial contract with the Nevada Department of Health and Human Services.  This will be a five-year contract with a possible two-year extension starting from Jan. 1, 2026 and mark a significant expansion of Medicaid managed care to the state’s rural and frontier areas, regions that had historically been covered under the fee-for-service system.This contract strengthens Centene’s position in the governme ...

ST. LOUIS, April 10, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its Nevada subsidiary, SilverSummit Healthplan, Inc. (SilverSummit), has been selected by the Nevada Department of Health and Human Services to provide services for its Medicaid managed care program. For the first time the program will include expansion of Medicaid Managed Care into rural and frontier service areas, communities that ...

Core Insights - Health Net and the Centene Foundation announced a partnership investment exceeding $9 million to address California's physician workforce shortage, focusing on engaging individuals from childhood through medical school [1][2] - The initiative aims to support a physician pathway project that provides seed funding to encourage young people to pursue careers in medicine, starting as early as pre-K [2][3] - The partnership emphasizes collaboration among various organizations to create a comprehensive approach to expanding the physician workforce in California [3][4] Investment Details - The funding includes over $3 million awarded to Physicians for a Healthy California for a project aimed at supporting young individuals in their journey to becoming doctors [2] - A $5.5 million grant was provided to Charles R. Drew University of Medicine and Science for full-tuition scholarships and resources to recruit and retain future doctors [4][5] - An additional grant of more than $1 million was awarded to the National Hispanic Health Foundation to enhance leadership capabilities among mid-career physicians [5][6] Strategic Goals - The physician pathway project will prioritize 11 initiatives aimed at driving policy change, removing barriers, and fostering collaborations across the healthcare ecosystem [3] - The initiative seeks to ensure that diverse care systems contribute to addressing the physician shortage through a holistic framework [2][3] - The focus on increasing physician representation, particularly among underrepresented populations, is highlighted as a critical step towards equitable healthcare access [8]

During the recent market turmoil, three healthcare stocks have performed very well. Those stocks are deeply involved in the health insurance industry. They reacted positively after President Donald Trump’s “Liberation Day” press conference. However, this wasn’t because investors believed that tariffs would positively impact these firms. It was largely due to comments made by President Trump on key medical issues as well as other recent events relevant to these firms. President Trump said in the speech that ...

Centene (CNC) shares rallied 5.9% in the last trading session to close at $64.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.9% gain over the past four weeks.Centene Corporation extended its rally for the second straight day, driven by investor confidence in its strategic shift and the broader move toward defensive healthcare stocks. Recent trade tariffs sparked a market downturn, particularly affectin ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Centene (CNC) , which belongs to the Zacks Medical - HMOs industry, could be a great candidate to consider.This healthcare company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 39.91%.For the last reported quarter, Centene came out with earni ...

The U.S. health insurance industry, referred to as Health Maintenance Organization (HMO), is aided by membership growth on the back of attractive, affordable plans and rising Medicare demand, but inflation may hinder premium affordability. To expand capabilities and market presence, HMOs are pursuing mergers and acquisitions, a trend supported by the anticipated rate cuts in 2025, easing financing conditions. However, they face challenges from persistent healthcare workforce shortages, which may impact care ...

Core Insights - 'Ohana Health Plan has announced a $300,000 investment to expand its "Mana 'Ohana" partnership program with Healthy Mothers Healthy Babies Coalition of Hawaii, bringing the total cumulative capital investment to $500,000 [1][2] Group 1: Program Overview - Mana 'Ohana is an all-inclusive maternal and child health program that provides a community-based, person-centered, midwifery-led model of care, offering holistic perinatal care experiences to 'Ohana Health Plan members [3] - The program aims to address key supportive elements beneficial to women members, pregnant members, and young families, providing social and clinical support services [3] Group 2: Impact and Outcomes - In its first year, over 40% of the pregnant population served by 'Ohana Health Plan received services through Mana 'Ohana, resulting in increased prenatal and postpartum care and decreased neonatal intensive care unit costs [4] - The program offers exclusive access to a broad-based initiative designed to screen, triage, and support women and their newborns during the critical perinatal period, with culturally anchored outreach and services [4] Group 3: Strategic Importance - The partnership between 'Ohana Health Plan and HMHB Hawaii exemplifies the effectiveness of community partnerships and strategic investments in improving maternal and child health outcomes [5] - The initiative is focused on expanding access to culturally responsive, person-centered care, thereby redefining the capabilities of health plans and community organizations [5]

Group 1 - Centene is undergoing a significant business transformation, having changed its strategy in 2022 to exit non-core assets and enhance operational marginality [1] - The year 2024 is anticipated to be challenging for Centene as it navigates this transformation [1] Group 2 - The company is focusing on improving its operational efficiency and profitability through strategic exits and restructuring [1]