Health Net to Provide Customers in 10 counties together with Los Angeles and Sacramento Counties
ST. LOUIS, Jan. 3, 2023 /PRNewswire/ — Centene Company (NYSE: CNC) introduced currently the California Office of Wellbeing Treatment Expert services (DHCS) has chosen its California subsidiary Wellbeing Web of California (Wellbeing Web) for direct contracts in Los Angeles and Sacramento counties, growing the selection of direct county contracts by DHCS to 10.
“We are delighted that DHCS selected us to continue serving Medi-Cal associates in 10 counties across the point out, together with as prime provider in Los Angeles County,” mentioned Sarah London, Chief Executive Officer of Centene. “We feel their choice is in the greatest interest of tens of millions of customers, and we glance forward to performing with DHCS to address well being disparities and boost how healthcare is sent to Medi-Cal users throughout the point out.”
In Los Angeles County, Health and fitness Net has agreed to keep on subcontracting with Molina Health care and perform with the point out to assign 50 p.c of membership to Molina Healthcare helpful January 1, 2024.
“We are pleased to have been issued contracts by DHCS and look ahead to revolutionary new and innovative ways to enhance accessibility to quality care and generate health fairness for the tens of millions of associates we provide,” mentioned Brian Ternan, Well being Net’s President and CEO.
The new contracts are expected to start off January 1, 2024. In complete, Wellness Web will supply Medi-Cal managed treatment providers in Los Angeles, Sacramento, Amador, Calaveras, Inyo, Mono, San Joaquin, Stanislaus, Tulare and Tuolumne counties. Overall health Internet did not receive an award in San Diego. Wellbeing Net carries on to serve customers in Fresno, Imperial, Kings, and Madera counties by way of other contractual preparations. Overall health Internet will stop its lawful actions related to the RFP.
Centered upon the predicted structure of California as explained earlier mentioned, as nicely as the possible slight affect of Protection Health Agency’s latest TriCare announcement, the Corporation is lifting its projected 2024 modified EPS floor to $7.15 from $7.00.
About Centene Company
Centene Corporation, a Fortune 500 enterprise, is a major health care enterprise that is committed to assisting folks are living healthier lives. The Corporation can take a nearby solution – with area brand names and local teams – to provide fully built-in, high-good quality, and value-powerful solutions to authorities-sponsored and business healthcare plans, focusing on less than-insured and uninsured persons. Centene delivers reasonably priced and higher-high quality solutions to almost 1 in 15 folks across the country, which include Medicaid and Medicare customers (like Medicare Prescription Drug Plans) as very well as persons and family members served by the Health Insurance coverage Marketplace, the TRICARE plan, and folks in correctional amenities. The Organization also contracts with other health care and commercial businesses to supply a assortment of specialty products and services targeted on treating the full individual. Centene focuses on extended-phrase advancement and worth generation as very well as the enhancement of its persons, techniques and capabilities so that it can greater provide its members, suppliers, regional communities, and federal government partners.
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