| Segment Information |
Segment Information
Centene operates in two segments: Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment consists of Centene’s health plans including all of the functions needed to operate them. The Specialty Services segment consists of Centene’s specialty companies offering auxiliary healthcare services and products. The health plan in Massachusetts, operated by our individual health insurance business, is included in the Specialty Services segment.
In January 2013, the Company reclassified the health plan in Arizona, which is primarily a long-term care operation, to the Medicaid Managed Care segment. As a result, the financial results of the Arizona health plan have been reclassified from the Specialty Services segment to the Medicaid Managed Care segment for all periods presented.
Segment information for the three months ended September 30, 2013, follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medicaid
Managed Care
|
|
Specialty
Services
|
|
Eliminations |
|
Consolidated
Total
|
Premium and service revenues from external customers |
$ |
2,510,221 |
|
|
$ |
223,927 |
|
|
$ |
— |
|
|
$ |
2,734,148 |
|
Premium and service revenues from internal customers |
9,885 |
|
|
542,238 |
|
|
(552,123 |
) |
|
— |
|
Total premium and service revenues |
$ |
2,520,106 |
|
|
$ |
766,165 |
|
|
$ |
(552,123 |
) |
|
$ |
2,734,148 |
|
Earnings from operations |
$ |
68,083 |
|
|
$ |
14,148 |
|
|
$ |
— |
|
|
$ |
82,231 |
|
Segment information for the three months ended September 30, 2012, follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medicaid
Managed Care
|
|
Specialty
Services
|
|
Eliminations |
|
Consolidated
Total
|
Premium and service revenues from external customers |
$ |
2,072,079 |
|
|
$ |
140,385 |
|
|
$ |
— |
|
|
$ |
2,212,464 |
|
Premium and service revenues from internal customers |
25,138 |
|
|
442,388 |
|
|
(467,526 |
) |
|
— |
|
Total premium and service revenues |
$ |
2,097,217 |
|
|
$ |
582,773 |
|
|
$ |
(467,526 |
) |
|
$ |
2,212,464 |
|
Earnings (loss) from operations |
$ |
(55,239 |
) |
|
$ |
27,598 |
|
|
$ |
— |
|
|
$ |
(27,641 |
) |
Segment information for the nine months ended September 30, 2013, follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medicaid
Managed Care
|
|
Specialty
Services
|
|
Eliminations |
|
Consolidated
Total
|
Premium and service revenues from external customers |
$ |
7,367,236 |
|
|
$ |
543,472 |
|
|
$ |
— |
|
|
$ |
7,910,708 |
|
Premium and service revenues from internal customers |
31,050 |
|
|
1,660,639 |
|
|
(1,691,689 |
) |
|
— |
|
Total premium and service revenues |
$ |
7,398,286 |
|
|
$ |
2,204,111 |
|
|
$ |
(1,691,689 |
) |
|
$ |
7,910,708 |
|
Earnings from operations |
$ |
116,609 |
|
|
$ |
72,752 |
|
|
$ |
— |
|
|
$ |
189,361 |
|
Segment information for the nine months ended September 30, 2012, follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medicaid
Managed Care
|
|
Specialty
Services
|
|
Eliminations |
|
Consolidated
Total
|
Premium and service revenues from external customers |
$ |
5,507,972 |
|
|
$ |
429,559 |
|
|
$ |
— |
|
|
$ |
5,937,531 |
|
Premium and service revenues from internal customers |
62,751 |
|
|
1,206,293 |
|
|
(1,269,044 |
) |
|
— |
|
Total premium and service revenues |
$ |
5,570,723 |
|
|
$ |
1,635,852 |
|
|
$ |
(1,269,044 |
) |
|
$ |
5,937,531 |
|
Earnings (loss) from operations |
$ |
(72,740 |
) |
|
$ |
32,551 |
|
|
$ |
— |
|
|
$ |
(40,189 |
) |
|