Centene Subsidiary Buckeye Wellness Approach Awarded Ohio Medicaid Deal

ST. LOUIS, Aug. 17, 2021 /PRNewswire/ — Centene Company (NYSE: CNC) declared nowadays its Ohio…

ST. LOUIS, Aug. 17, 2021 /PRNewswire/ — Centene Company (NYSE: CNC) declared nowadays its Ohio subsidiary, Buckeye Overall health System, has been awarded a Medicaid agreement by the Ohio Section of Medicaid to go on serving associates with top quality health care, coordinated solutions, and gains. The contract will commence in early 2022.

“We have excellent regard for the critically important and long-standing partnership with the point out of Ohio. We are humbled and honored to proceed to present high-high quality healthcare products and services and programs for our customers,” stated Brent Layton, President of US Markets, Solutions and International, and Govt Vice President, for Centene. “We are fully commited to continuing our operate with the Ohio Division of Medicaid, our providers, and community associates to eliminate boundaries to treatment and increase health outcomes for Ohioans.”

Underneath the new agreement, Buckeye will deploy new, innovative initiatives to meet up with members’ exclusive requirements, including the launch of new systems and community programs in partnership with providers and neighborhood companions.

“For extra than 16 several years, our community method and member-targeted courses have authorized Buckeye Overall health Program to uniquely deal with the demands our associates and their people confront just about every day,” mentioned Steve Province, President, and CEO of Buckeye Wellbeing Approach. “We appear forward to working with the state and continuing our collective determination to guaranteeing Ohio citizens have access to detailed, quality health care.”

Due to the fact 2004, Buckeye has been committed to reworking the health of the local community, just one man or woman at a time. In 2020, Buckeye was Ohio’s speediest-developing Medicaid approach in accordance to market share, serving more than 420,000 users.

About Centene

Centene Company, a Fortune 25 organization, is a foremost multi-countrywide healthcare organization that is committed to serving to folks are living more healthy lives. The Organization normally takes a local solution – with area manufacturers and nearby groups – to provide absolutely integrated, substantial-quality, and price tag-powerful solutions to government-sponsored and business healthcare courses, focusing on beneath-insured and uninsured persons. Centene provides affordable and higher-high-quality items to approximately 1 in 15 people today throughout the nation, such as Medicaid and Medicare members (which include Medicare Prescription Drug Ideas) as properly as people and households served by the Overall health Insurance plan Market, the TRICARE system, and folks in correctional services. The Organization also serves numerous international marketplaces, and contracts with other health care and commercial businesses to give a range of specialty expert services concentrated on treating the total particular person. Centene focuses on extended-phrase development and the growth of its individuals, programs and capabilities so that it can superior provide its members, companies, neighborhood communities, and govt partners.

Forward-Looking Statements

All statements, other than statements of present or historic truth, contained in this push release are ahead-looking statements. Without limiting the foregoing, ahead-searching statements generally use words and phrases these as “think,” “anticipate,” “program,” “count on,” “estimate,” “intend,” “search for,” “target,” “intention,” “may possibly,” “will,” “would,” “could,” “need to,” “can,” “continue” and other comparable text or expressions (and the negative thereof). Centene (the Corporation, our, or we) intends these types of ahead-wanting statements to be protected by the protected-harbor provisions for ahead-hunting statements contained in the Non-public Securities Litigation Reform Act of 1995, and we are together with this assertion for applications of complying with these safe-harbor provisions. In certain, these statements consist of, devoid of limitation, statements about our future working or money general performance, market possibility, development tactic, level of competition, anticipated actions in finished and foreseeable future acquisitions, including statements about the affect of our proposed acquisition of Magellan Health (the Magellan Acquisition), our concluded acquisition of WellCare Wellness Programs, Inc. (WellCare and this kind of acquisition, the WellCare Acquisition), other new and future acquisitions, investments, the adequacy of our accessible funds sources and our settlements with Ohio and Mississippi to solve statements and/or allegations built by those states with regard to past techniques at Envolve Pharmacy Answers, Inc. (Envolve), as our pharmacy rewards manager (PBM) subsidiary, and other achievable foreseeable future promises and settlements connected to the previous practices at Envolve and our means to settle statements with other states in the reserve estimate we have recorded and on other satisfactory terms, or at all. These ahead-seeking statements reflect our existing views with regard to upcoming events and are dependent on several assumptions and assessments created by us in gentle of our encounter and notion of historical tendencies, recent situations, enterprise procedures, working environments, foreseeable future developments and other factors we imagine acceptable. By their character, forward-hunting statements require recognised and unidentified hazards and uncertainties and are topic to alter for the reason that they relate to occasions and count on conditions that will arise in the long term, which include financial, regulatory, aggressive and other elements that may well bring about our or our industry’s actual outcomes, levels of activity, efficiency or achievements to be materially different from any upcoming benefits, concentrations of exercise, effectiveness or achievements expressed or implied by these ahead-hunting statements. These statements are not assures of long term overall performance and are issue to dangers, uncertainties and assumptions. All forward-hunting statements included in this push launch are dependent on information obtainable to us on the day hereof. Besides as may well be otherwise needed by law, we undertake no obligation to update or revise the ahead-seeking statements provided in this press release, regardless of whether as a final result of new facts, upcoming events or if not, following the date hereof. You must not place undue reliance on any forward-wanting statements, as actual success may well vary materially from projections, estimates, or other forward-on the lookout statements owing to a selection of important things, variables and activities such as, but not confined to: the effects of COVID-19 on international markets, economic circumstances, the health care marketplace and our benefits of operations and the response by governments and other 3rd parties the danger that regulatory or other approvals necessary for the Magellan Acquisition may perhaps be delayed or not obtained or are subject matter to unanticipated conditions that could require the exertion of management’s time and our means or if not have an adverse outcome on us the risk that sure conditions to the consummation of the Magellan Acquisition will not be satisfied or finished on a timely foundation and appropriately, the Magellan Acquisition may well not be consummated on a well timed basis or at all uncertainty as to the expected fiscal performance of the mixed organization pursuing completion of the Magellan Acquisition the probability that the expected synergies and price development from the Magellan Acquisition or the WellCare Acquisition (or other obtained firms) will not be realized, or will not be recognized in the respective envisioned time durations the hazard that surprising expenses will be incurred in relationship with the completion and/or integration of the Magellan Acquisition or that the integration of Magellan Wellbeing will be more tricky or time consuming than envisioned the risk that possible litigation in relationship with the Magellan Acquisition may possibly impact the timing or event of the Magellan Acquisition or final result in sizeable expenditures of protection, indemnification and legal responsibility a downgrade of the credit score ranking of our indebtedness the lack of ability to retain crucial personnel disruption from the announcement, pendency, completion and/or integration of the Magellan Acquisition or from the integration of the WellCare Acquisition, or very similar threats from other acquisitions we may well announce or entire from time to time, like prospective adverse reactions or alterations to business enterprise interactions with consumers, employees, suppliers or regulators, earning it far more challenging to manage enterprise and operational associations our capacity to accurately predict and efficiently handle wellbeing gains and other running costs and reserves, which include fluctuations in clinical utilization prices because of to the affect of COVID-19 competitors membership and profits declines or sudden trends changes in health care practices, new technologies and advances in drugs greater healthcare costs adjustments in economic, political or market place disorders adjustments in federal or condition guidelines or laws, together with adjustments with respect to revenue tax reform or govt health care programs as effectively as adjustments with regard to the Patient Security and Affordable Care Act and the Overall health Care and Education and learning Affordability Reconciliation Act (collectively referred to as the ACA) and any laws enacted thereunder that might result from switching political disorders, the new administration or judicial actions price cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our govt organizations our means to sufficiently cost products tax issues disasters or major epidemics alterations in envisioned contract begin dates service provider, state, federal, international and other contract changes and timing of regulatory approval of contracts the expiration, suspension, or termination of our contracts with federal or state governments (including, but not restricted to, Medicaid, Medicare, TRICARE or other consumers) the issues of predicting the timing or final result of lawful or regulatory proceedings or issues, like promises against our PBM small business or regardless of whether more statements, evaluations or investigations relating to our PBM organization will be introduced by states, the federal federal government or shareholder litigants, or government investigations troubles to our agreement awards cyber-assaults or other privacy or details protection incidents the exertion of management’s time and our methods, and other costs incurred and organization variations essential in link with complying with the undertakings in relationship with any regulatory, governmental or 3rd get together consents or approvals for acquisitions, such as the Magellan Acquisition disruption triggered by considerable completed and pending acquisitions producing it far more difficult to maintain enterprise and operational relationships the possibility that unexpected costs will be incurred in relationship with the completion and/or integration of acquisition transactions changes in expected closing dates, estimated purchase price tag and accretion for acquisitions the danger that obtained enterprises will not be integrated correctly restrictions and limitations in connection with our indebtedness our ability to sustain or achieve enhancement in the Facilities for Medicare and Medicaid Expert services (CMS) Star rankings and keep or obtain improvement in other good quality scores in every single situation that can effects revenue and foreseeable future expansion availability of debt and equity financing, on terms that are favorable to us inflation international forex fluctuations and challenges and uncertainties mentioned in the studies that Centene has filed with the Securities and Exchange Fee. This listing of essential things is not intended to be exhaustive. We discuss sure of these matters far more completely, as very well as selected other elements that may possibly have an affect on our enterprise operations, economical condition and success of operations, in our filings with the Securities and Trade Commission (SEC), which include our annual report on Variety 10-K, quarterly stories on Kind 10-Q and recent reports on Variety 8-K. Owing to these critical elements and dangers, we are not able to give assurances with regard to our potential overall performance, together with without having limitation our capability to sustain sufficient premium levels or our means to management our future clinical and advertising, standard and administrative charges.

Cision

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Source Centene Company