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Centene
Centene Corporation is an American for-profit healthcare company based in St. Louis, Missouri, which is an intermediary for government-sponsored and privately insured healthcare programs. Centene ranked No. 25 on the 2023 Fortune 500. History Centene was founded by Elizabeth Brinn as the Managed Health Services in Milwaukee, Wisconsin, in 1984. After the death of Brinn, the non-profit organization was sold to investors, with the proceeds going to the Betty Brinn Foundation, which subsequently became a major shareholder in Centene. In 1996, Michael Neidorff joined the company as chief executive. Centene went public in December 2001. In 2006, the firm acquired US Script, a pharmacy benefits manager. The company later merged US Script with subsidiaries to form its Envolve divisions. In 2011, the firm formed Centurion, a provider of correctional health care services, as a joint venture with MHM Services. In 2018, it acquired MHM Services, including its stake in Centurion. Centen ...
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Operose Health
Centene Corporation is an American for-profit healthcare company based in St. Louis, Missouri, which is an intermediary for government-sponsored and privately insured healthcare programs. Centene ranked No. 25 on the 2023 Fortune 500. History Centene was founded by Elizabeth Brinn as the Managed Health Services in Milwaukee, Wisconsin, in 1984. After the death of Brinn, the non-profit organization was sold to investors, with the proceeds going to the Betty Brinn Foundation, which subsequently became a major shareholder in Centene. In 1996, Michael Neidorff joined the company as chief executive. Centene went public in December 2001. In 2006, the firm acquired US Script, a pharmacy benefits manager. The company later merged US Script with subsidiaries to form its Envolve divisions. In 2011, the firm formed Centurion, a provider of correctional health care services, as a joint venture with MHM Services. In 2018, it acquired MHM Services, including its stake in Centurion. Centene ...
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Michael Neidorff
Michael Frederic Neidorff (November 19, 1942 – April 7, 2022) was an American business executive and was CEO of Centene Corporation from 1996 to 2022. Early life and education Neidorff was born in 1942 to a Jewish family in Altoona, Pennsylvania. He was a 1961 graduate of Altoona High School. He earned a bachelor's degree in political science from Trinity University in 1965, and a master's degree in industrial relations at St. Francis University. Career In the 1980s, Neidorff was the director of international consumer products at Miles Laboratories, and worked as president and chief executive officer of Physicians Health Plan of Greater St. Louis. In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp. The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer. Neidorff was listed on Fortune's Businessperson of the year list in 2017. In 2018, Neidorff was ...
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Fidelis Care
Fidelis Care is a New York-based health insurance company formed in 1993. As of 2018, Fidelis Care served more than 1.7 million New York residents. It is a subsidiary of Centene Corp and has offices throughout New York State. History Fidelis Care was formed in 1993 as the NYC Catholic Health Plan Inc. by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn to serve the poor and medically underserved. In 1997, Fidelis expanded to Western New York with the acquisition of Better Health Plan, a Buffalo-based HMO. Fidelis Care operates several government-sponsored health insurance programs, including Medicare, Medicaid and Child Health Plus, which was introduced in 1997. The company also offers managed long-term care plans and Qualified Health Plans on the NY State of Health Marketplace. In 2005, CenterCare, a New York City-based Medicaid managed care plan, became a subsidiary of Fidelis Care. Acquisition by Centene On September 12, 2017, it w ...
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Health Net
Health Net, LLC, a subsidiary of Centene, is an American health care insurance provider. Health Net and its subsidiaries provide health plans for individuals, families, businesses and people with Medicare (United States), Medicare and Medicaid, as well as commercial, small business, and affordable care insurance. In 2016, Centene acquired Health Net for $6.8 billion. History Health Net was established as the nonprofit Health Net of California in 1977 by Blue Cross Blue Shield Association, Blue Cross. In 1992, a California order permitted the company to convert from a nonprofit to a for-profit company. Under the terms of the California Department of Corporations' conversion order, the California Wellness Foundation, the successor charity to its nonprofit status, received $300 million plus 80 percent of the equity of Health Net's parent holding company. In August 1993, Health Net merged with Qualmed to form Health Systems International. In April 1997, Health Systems International ...
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WellCare
WellCare Health Plans, Inc. is an American health insurance company that provides managed care services primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug plans for members across the United States. WellCare began operations in 1985 and has its headquarters in Tampa, Florida. It became a subsidiary of Centene Corporation in January 2020. History WellCare began operations in 1985 in Tampa, Florida as a Medicaid provider for the State of Florida. In 1992, Kiran Patel, a cardiologist and entrepreneur, purchased the company. In 2002, Patel sold it to a New York investment group led by George Soros and Todd Farha. That same year, Todd Farha joined the company as CEO. In 2004, WellCare became a public company via an initial public offering. The company opened on New York Stock Exchange with a sale of 7.3 million shares, each share priced at $17. In 2006, WellCare began offering Medicare Advantage plans with prescription drug benefits after the signing ...
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Magellan Health
Magellan Health Inc. (formerly Magellan Health Services Inc.), is an American for-profit managed health care company and subsidiary of Centene that's focused on special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021. History The company began as the psychiatric hospital chain Charter Medical, headquartered in Macon, Georgia. In 1992, the company filed for Chapter 11 bankruptcy, stemming from debt incurred as a result of the 1988 management-led takeover. After recovering from bankruptcy, it moved its headquarters to Atlanta in 1994 ...
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Circle Health
Circle Health Group is a private healthcare provider in the United Kingdom, and is the country's biggest private hospital provider. The company was founded in 2004 and rebranded as Circle Health Group in 2019 after acquiring a rival, BMI Healthcare; in the same year it began an expansion in China. In 2023 the company was acquired by PureHealth, an Abu Dhabi-based holding company. Circle Health ran an independent sector treatment centre delivering dermatology services in Nottingham from 2008 until 2019, when operation of the services was returned to Nottingham University Hospitals NHS Trust. The services during the period in which they were run by Circle Health were described as an "unmitigated disaster" in an independent report commissioned by the local clinical commissioning group which ran health services in the county. In November 2011 the company was awarded a contract to run Hinchingbrooke Hospital in Cambridgeshire, the first NHS England hospital to be operated by a pr ...
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Sarah London
Sarah London (nee McGinty, born 1979/1980) is an American business executive. Since 2022, she has been chief executive officer (CEO) of Centene Corporation, a US$144 billion (revenue) health insurance and healthcare company. Her hometown is St Louis. London earned a bachelor's degree in history and literature from Harvard College, where she played Division I tennis, and an MBA from the University of Chicago Booth School of Business The University of Chicago Booth School of Business (branded as Chicago Booth) is the graduate business school of the University of Chicago, a private research university in Chicago, Illinois. Founded in 1898, Chicago Booth is the second-oldest .... Her father, John Edward McGinty attended Booth in the class of 1970. He died in 2011, a few weeks before Sarah's wedding. As of February 2024, she is the youngest CEO in the Fortune 500. In 2011, she married Terry London, and they have two sons. References {{DEFAULTSORT:London, Sarah Living pe ...
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AT Medics
AT Medics Ltd. is the largest provider of primary care services to the National Health Service in London, England. It has 37 primary care sites and covers 16 London CCG areas and 270,000 patients. Keir Starmer, leader of the Leader of the Labour Party and Member of Parliament (MP) for Holborn and St Pancras, said in a letter to the head of the North Central London Commissioning Group in February 2021 following the takeover of AT Medics by Operose Health, said that "since AT Medics took control of these practices a few years ago, I have received various complaints about their services and conduct from both patients and medical staff". AT Medics was taken over by Operose Health, a UK subsidiary of US health insurance group Centene Corp, in early 2021, creating the largest private supplier of GP services in the UK, with 58 practices covering half a million patients. A coalition of doctors, campaigners and academics wrote to health secretary Matt Hancock requesting an investigation ...
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Managed Care
In the United States, managed care or managed healthcare is a group of activities intended to reduce the cost of providing health care and providing health insurance while improving the quality of that care. It has become the predominant system of delivering and receiving health care in the United States since its implementation in the early 1980s, and has been largely unaffected by the Affordable Care Act of 2010. ...intended to reduce unnecessary health care costs through a variety of mechanisms, including: economic incentives for physicians and patients to select less costly forms of care; programs for reviewing the medical necessity of specific services; increased beneficiary cost sharing; controls on inpatient admissions and lengths of stay; the establishment of cost-sharing incentives for outpatient surgery; selective contracting with health care providers; and the intensive management of high-cost health care cases. The programs may be provided in a variety of settings, ...
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Medicaid
Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by U.S. state, state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a significant portion of their funding. States are not required to participate in the program, although all have since 1982. Medicaid was established in 1965, part of the Great Society set of programs during Presidency of Lyndon B. Johnson, President Lyndon B. Johnson’s Administration, and was significantly expanded by the Affordable Care Act (ACA), which was passed in 2010. In most states, any member of a household with income up to 138% of the federal Poverty line in the United States#Measures of poverty, poverty line qualifies for Medicaid coverage under the provisions of the ACA. A 201 ...
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Patient Protection And Affordable Care Act
A patient is any recipient of health care services that are performed by healthcare professionals. The patient is most often ill or injured and in need of treatment by a physician, nurse, optometrist, dentist, veterinarian, or other health care provider. Etymology The word patient originally meant 'one who suffers'. This English noun comes from the Latin word , the present participle of the deponent verb, , meaning , and akin to the Greek verb ( ) and its cognate noun (). This language has been construed as meaning that the role of patients is to passively accept and tolerate the suffering and treatments prescribed by the healthcare providers, without engaging in shared decision-making about their care. Outpatients and inpatients An outpatient (or out-patient) is a patient who attends an outpatient clinic with no plan to stay beyond the duration of the visit. Even if the patient will not be formally admitted with a note as an outpatient, their attendance is stil ...
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