Centene Corporation Awarded Contract For Maryland Physicians Care Plan Operations
ST. LOUIS, May 25, 2016 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that its specialty solutions division, Envolve, Inc., has been selected by Maryland Care, Inc. d/b/a/ Maryland Physicians Care MCO to provide health plan management services for its managed Medicaid operations in Maryland effective July 1, 2017.
Maryland Physicians Care is a locally based managed care organization that administers healthcare services to over 190,000 Marylander's enrolled in the Maryland HealthChoice program. Envolve will be providing comprehensive management services for MPC's over $900 million revenues and associated medical expenses. Envolve will operate in Maryland and provide over 200 jobs starting in July 2017.
"We are honored to be selected by Maryland Physicians Care to partner with them to offer coordinated healthcare services and programs to the people of Maryland," said Jesse Hunter, Executive Vice President, Products for Centene. "We look forward to partnering with MPC to implement our innovative care management programs to improve the health of our community, one person at our time."
The contract is expected to commence in 2017 and does not impact Centene's previously announced 2016 financial guidance.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored healthcare programs, focusing on 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 (LTC), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as "Part D"), as well as programs with the U.S. Department of Defense and U.S. Department of Veterans Affairs. Centene 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 management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.
Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, http://www.centene.com/investors.
About Envolve, Inc.
Envolve, Inc., Centene Corporation's specialty solutions division, is a family of health solutions working together to make healthcare simpler, more effective and more accessible for everyone. As an agent for change in healthcare, Envolve is committed to transforming the health of the community, one person at a time. Envolve unifies medical management, care management and coordination, specialty pharmacy, PBM, vision, dental, behavioral health management, life and health/wellness management, empowerment and education services, telehealth services, 24/7 nurse advice services, and data, analytics and IT solutions. For more information, please visit our website www.envolvehealth.com or contact us today at info@envolvehealth.com.
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SOURCE Centene Corporation
