Centene Subsidiary WellCare of Kentucky Selected to Continue Serving Medicaid Managed Care Program in the Commonwealth
ST. LOUIS, June 1, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its subsidiary WellCare of Kentucky has been selected by the state of Kentucky to continue serving the commonwealth's Medicaid managed care program statewide. The new four-year contract is anticipated to begin on Jan. 1, 2021 running through Dec. 31, 2024 with the option for six, two-year renewal extensions.
WellCare has provided Medicaid managed care services for Kentuckians since 2011, and under the new contract, will continue to coordinate medical, behavioral and dental health for eligible Medicaid recipients in the Temporary Assistance for Needy Families (TANF); State Children's Health Insurance Program (S-CHIP); Medicaid expansion; and Aged, Blind and Disabled (ABD) programs.
"WellCare has partnered with the Commonwealth of Kentucky and its managed Medicaid program for over nine years," said William Jones, WellCare's Plan President and CEO in Kentucky. "We look forward to working collaboratively with our state partners, our network of providers, and our local communities to continue delivering quality cost-effective care and services that help Kentuckians live better, healthier lives."
As of May 31, 2020, WellCare of Kentucky is the largest provider of Medicaid services in Kentucky serving 449,000 Medicaid members across the state.
About Centene Corporation
Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams - to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners.
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SOURCE Centene Corporation
Released June 1, 2020