Latest news with #CenteneCorporation
Yahoo
6 days ago
- General
- Yahoo
Health Net Providing Special Assistance to Members and Providers Affected by Victoria Island Levee Incident in San Joaquin County, California
SACRAMENTO, Calif., June 2, 2025 /PRNewswire/ -- Following Gov. Newsom's declaration of a State of Emergency in San Joaquin County, Health Net, one of California's most experienced Medi-Cal managed care health plans and company of Centene Corporation (NYSE: CNC), is taking immediate action to support those affected by the Victoria Island Incident. The company's priority is ensuring both its members and healthcare providers have the resources they need during this critical time. Member Prescription Information During a declared State of Emergency, impacted members have two options to secure an emergency supply of their medications: Members can fill their prescription at the original pharmacy if it is open. If the original pharmacy is not open, members can call Health Net at 1-800-400-8987. We will suspend refill limitations so they can get their prescriptions at an out-of-network pharmacy. Coping Support for Members Members can call Health Net Behavioral Health Services for crisis support 24 hours a day, seven days a week by calling 1-800-400-8987 (TTY: 711). This includes: Support to help them deal with grief, stress or trauma Referrals to mental health counselors, local services and telephone consultations Members: Video Medical Appointments If members cannot reach their primary care provider during a declared State of Emergency, Health Net offers telehealth services at no cost. Members can find appointment instructions in two places: On the back of their Health Net ID card On after registering and signing in Access to Social Services To connect with local community resources, members can call 2-1-1 or visit for help with: Emergency shelter, food and transportation Social services and financial assistance Legal guidance from verified agencies Information for Healthcare Providers During a declared State of Emergency, doctors and nurse practitioners may call Health Net at 1-800-641-7761 for assistance. To support these participating providers in affected areas, Health Net will: Extend grace periods for notifications, beginning on the admission date, for acute services, post-acute care, durable medical equipment (DME), medical supplies and home health care services Waive prior authorization – however, our notification requirement will remain in effect despite relaxed deadlines In addition, Health Net will: Authorize out-of-network services if a contracting provider or facility becomes unavailable Grant post-admission notification approvals for impacted facilities. Accept updated clinical documentation for continued-stay reviews. Authorize the replacement of medical equipment or supplies. Suspend prescription refill limitations for impacted enrollees Ongoing Support & Updates As the situation evolves, Health Net may take further action to support members and providers. For the latest updates, visit About Health Net Founded in California more than 45 years ago, Health Net, a company of Centene Corporation, believes that every person deserves a safety net for their health, regardless of age, income, employment status or current state of health. Today, we provide health plans for individuals, families, businesses of every size and people who qualify for Medi-Cal or Medicare. With more than 117,000 of our network providers, Health Net serves more than three million members across the state. We also offer access to substance abuse programs, behavioral health services, employee assistance programs and managed healthcare products related to prescription drugs. We make these health plans and services available through Health Net, LLC and its subsidiaries: Health Net of California, Inc., Health Net Life Insurance Company and Health Net Community Solutions, Inc. These entities are wholly owned subsidiaries of Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to transforming the health of the communities we serve, one person at a time. Health Net and Centene employ more than 5,700 people in California who work at one of five regional Talent Hub offices. For more information, visit View original content to download multimedia: SOURCE Health Net
Yahoo
31-05-2025
- Business
- Yahoo
Health Net and Centene Corporation (CNC) Commit Over $7.2 Million to Boost Healthcare Access Through Mobile Clinics in California
Health Net and the Centene Corporation (NYSE:CNC)'s philanthropic arm, Centene Foundation, have announced a major $7.2 million investment to expand healthcare access for underserved Californians through a new fleet of mobile health clinics. The initiative, part of the Mobile Outreach for Value, Equity and Sustainability (MOVES) program, will deliver preventative care, screenings, health education, and social support directly to communities facing barriers such as limited transportation and lost wages from time off work. Local partners, including AltaMed, Community Medical Centers, Kaweah Health, and Vision y Compromiso, will deploy pop-up clinics and mobile medical vans at parks, community events, and other gathering spots, aiming to reach thousands who might otherwise go without care. A doctor exchanging files with a patient in a clinical setting, highlighting the company's commitment to rare diseases treatment. Leaders say these mobile clinics are more than vehicles; they are lifelines that bring compassionate, equitable care to where people live and gather, building trust and fostering long-term relationships between healthcare providers and the communities they serve. The grants also position recipient organizations as conveners, bringing together local partners to address a full spectrum of physical, behavioral, and social needs. This investment by Health Net and Centene Corporation (NYSE:CNC)'s Centene Foundation builds on their broader commitment, over $158 million in funding for community-based organizations since 2017, and reflects a long-term strategy to strengthen California's health infrastructure and improve outcomes statewide. While we acknowledge the potential of CNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CNC and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Health Net and Centene Corporation (CNC) Commit Over $7.2 Million to Boost Healthcare Access Through Mobile Clinics in California
Health Net and the Centene Corporation (NYSE:CNC)'s philanthropic arm, Centene Foundation, have announced a major $7.2 million investment to expand healthcare access for underserved Californians through a new fleet of mobile health clinics. The initiative, part of the Mobile Outreach for Value, Equity and Sustainability (MOVES) program, will deliver preventative care, screenings, health education, and social support directly to communities facing barriers such as limited transportation and lost wages from time off work. Local partners, including AltaMed, Community Medical Centers, Kaweah Health, and Vision y Compromiso, will deploy pop-up clinics and mobile medical vans at parks, community events, and other gathering spots, aiming to reach thousands who might otherwise go without care. A doctor exchanging files with a patient in a clinical setting, highlighting the company's commitment to rare diseases treatment. Leaders say these mobile clinics are more than vehicles; they are lifelines that bring compassionate, equitable care to where people live and gather, building trust and fostering long-term relationships between healthcare providers and the communities they serve. The grants also position recipient organizations as conveners, bringing together local partners to address a full spectrum of physical, behavioral, and social needs. This investment by Health Net and Centene Corporation (NYSE:CNC)'s Centene Foundation builds on their broader commitment, over $158 million in funding for community-based organizations since 2017, and reflects a long-term strategy to strengthen California's health infrastructure and improve outcomes statewide. While we acknowledge the potential of CNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CNC and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Why Centene Corporation (CNC) Declined on Tuesday
We recently published an article titled . In this article, we are going to take a look at where Centene Corporation (NYSE:CNC) stands against the other stocks. Wall Street's main indices finished mixed on Tuesday, as investors digested the country's latest inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021. Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A doctor holding a clipboard in a hospital ward, discussing patient treatment plan with the nurses. Centene Corporation (NYSE:CNC) dropped its share prices by 6.20 percent on Tuesday to close at $58.97 apiece, in line with the drop in healthcare stocks and the lack of fresh catalysts to boost investing appetite. In recent news, Centene Corporation (NYSE:CNC) reported an impressive earnings performance in the first quarter of the year, with net income attributable to the company jumping 12.7 percent to $1.3 billion from $1.16 billion in the same period last year. Revenues also increased by 15 percent to $46.6 billion from $40.4 billion year-on-year. The strong figures propelled the company's revenue growth guidance for full-year 2025, with a target of $164 billion to $166 billion. "Our first quarter results demonstrate the resiliency of Centene's platform and the progress we are making as an organization while navigating a dynamic policy landscape," said Centene Corporation (NYSE:CNC) CEO Sarah London. "We are pleased to reiterate our full year 2025 adjusted diluted earnings per share outlook of greater than $7.25 and continue to see attractive opportunities to grow from the strength of our core businesses in the years to come,' she added. Overall CNC ranks 10th on our list of Tuesday's worst performers. While we acknowledge the potential of CNC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CNC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Why Centene Corporation (CNC) Declined on Tuesday
We recently published an article titled . In this article, we are going to take a look at where Centene Corporation (NYSE:CNC) stands against the other stocks. Wall Street's main indices finished mixed on Tuesday, as investors digested the country's latest inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021. Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A doctor holding a clipboard in a hospital ward, discussing patient treatment plan with the nurses. Centene Corporation (NYSE:CNC) dropped its share prices by 6.20 percent on Tuesday to close at $58.97 apiece, in line with the drop in healthcare stocks and the lack of fresh catalysts to boost investing appetite. In recent news, Centene Corporation (NYSE:CNC) reported an impressive earnings performance in the first quarter of the year, with net income attributable to the company jumping 12.7 percent to $1.3 billion from $1.16 billion in the same period last year. Revenues also increased by 15 percent to $46.6 billion from $40.4 billion year-on-year. The strong figures propelled the company's revenue growth guidance for full-year 2025, with a target of $164 billion to $166 billion. "Our first quarter results demonstrate the resiliency of Centene's platform and the progress we are making as an organization while navigating a dynamic policy landscape," said Centene Corporation (NYSE:CNC) CEO Sarah London. "We are pleased to reiterate our full year 2025 adjusted diluted earnings per share outlook of greater than $7.25 and continue to see attractive opportunities to grow from the strength of our core businesses in the years to come,' she added. Overall CNC ranks 10th on our list of Tuesday's worst performers. While we acknowledge the potential of CNC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CNC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
