CENTENE CORP

Centene Corporation is a leading provider of government-sponsored healthcare services in the United States. The company's mission is to transform the health of the communities it serves, one person at a time. Centene provides access to high-quality healthcare through Medicaid, Medicare, and commercial products. The company operates in four segments: Medicaid, Medicare, Commercial, and Other. In 2023, these segments accounted for 66%, 14%, 16%, and 4% of the company's total external revenues, respectively. Centene's membership totaled 27.5 million as of December 31, 2023. The company was organized in Delaware in 2001 and its stock is publicly traded on the New York Stock Exchange under the ticker symbol "CNC." Centene's business strategy is focused on improving health and health care for low-income and complex populations. The company operates in a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. Medicaid is the largest publicly funded health insurance program in the United States and covers low-income families and individuals with disabilities. The Medicaid market is projected to grow significantly due to increasing enrollment and expanding eligibility. Centene is the largest Medicaid health insurer in the country, serving over 14 million Medicaid recipients in 30 states. Medicare is the federal health insurance program for people ages 65 and over, as well as those under 65 with certain disabilities and end-stage renal disease. Medicare consists of four parts, including Medicare Advantage, which allows beneficiaries to receive their Medicare benefits through MCOs. Medicare spending is projected to increase significantly in the coming years, creating a notable market opportunity for MCOs. Centene serves 1.3 million Medicare Advantage members across 36 states. Centene also offers Medicare Prescription Drug Plans (PDPs) and commercial health insurance products through the Health Insurance Marketplace. The company's international businesses, Operose Health Group and Circle Health Group, were divested in December 2023 and January 2024, respectively. Centene's website is centene.com.