Centene Issues Revised Press Release Regarding Indiana Managed Care Contract Actions Today
ST. LOUIS, June 4 /PRNewswire-FirstCall/ -- Centene Corporation (NYSE: CNC) today was notified that the Indiana Office of Medicaid Policy and Planning (OMPP) has invited Managed Health Services (MHS) and two other vendors to initiate contract negotiations for a statewide managed care contract effective January 1, 2011. If contract negotiations are successful MHS would serve Hoosier Healthwise and Healthy Indiana Plan (HIP) members. Earlier today Centene issued a press release that incorrectly described the state's awarding of the managed care contract.
MHS currently serves 211,400 members enrolled in Hoosier Healthwise, the state's health insurance program for children, pregnant women, and low-income families. HIP is the state's program for uninsured adults who earn less than 200% of the federal poverty level (FPL), do not have access to employer sponsored health insurance coverage and have been uninsured for the previous six months.
"Centene is pleased to continue providing quality healthcare services and programs to Indiana residents, as we have done for 15 years in the market," said Chairman and Chief Executive Officer Michael F. Neidorff. "We look forward to bringing our unique experience serving uninsured individuals to Indiana. We have a core belief that every individual has the right to receive quality healthcare at an affordable price."
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading multi-line healthcare enterprise that provides programs and related services to the rising number of under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and long-term care, in addition to other state-sponsored programs, and Medicare (Special Needs Plans). Centene's CeltiCare subsidiary offers states unique, "exchange-based" and other cost-effective coverage solutions for low-income populations. The Company operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, life and health management, managed vision, telehealth services, and pharmacy benefits management. More information regarding Centene is available at www.centene.com.
SOURCE Centene Corporation
Released June 4, 2010