Centene Subsidiary Carolina Complete Health Awarded Additional Region In North Carolina Medicaid Contract

ST. LOUIS, Oct. 8, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that its provider-led North Carolina subsidiary, Carolina Complete Health, has been awarded a contract to provide Medicaid managed care services in Region 4 (Raleigh/Durham area), an expansion to the company’s recent North Carolina Medicaid contract.

With addition of this new Region, Carolina Complete Health will provide Medicaid managed care services in three contiguous regions: Region 3 (Charlotte area), Region 4 (Raleigh/Durham area), and Region 5 (Wilmington and Fayetteville areas).

Initially announced in February 2019, Carolina Complete Health’s new three-year contract is effective February 1, 2020 and includes the option to renew for up to two additional years.

Carolina Complete Health is headquartered in Charlotte, with additional offices in Raleigh-Durham and Wilmington. It will employ over 350 North Carolinians.

“As North Carolina transitions to managed care, we are focused on strengthening local partnerships with providers and community organizations to deliver a patient-focused approach to Medicaid,” said Chris Paterson, President and CEO, Carolina Complete Health. “We know our local model will fulfill the needs of our members and meet the state’s goals of delivering whole-person care, localized care management, and an approach that addresses the full set of factors impacting health. We are well positioned and ready to serve our members starting February 1, 2020.”

To meet these goals, Carolina Complete Health employs a transformative model with active participation of physicians in the ownership of the health plan. Carolina Complete Health is a joint venture partnership with the North Carolina Medical Society (“NCMS”) and North Carolina Community Health Center Association (“NCCHCA”).

“With our 170-year history of serving the state of North Carolina, NCMS brings a wealth of experience as well as physician governance and leadership to this partnership, and we look forward to ensuring that our patients, the state, and our physicians and other providers are well served in Medicaid Transformation,” said Bob Seligson, CEO of NCMS. “We are very pleased to be able to offer our provider-led plan in this additional region.”

Added Chris Shank, Interim CEO of the NCCHCA, “As part of our vision to ensure that every North Carolina community will have access to a patient-centered, patient-governed, culturally competent health care home, we are committed to the success of this Medicaid program and our provider-led entity.”

About Centene
Centene Corporation, a Fortune 100 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial 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 Services and Supports (LTSS), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as “Part D”), dual eligible programs and programs with the U.S. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. 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, commercial programs, home-based primary care services, life and health management, vision benefits management, 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 Carolina Complete Health
Established to deliver quality healthcare to low income populations in North Carolina, Carolina Complete Health is a partnership between the North Carolina Medical Society (NCMS), working in conjunction with the North Carolina Community Health Center Association (NCCHCA), and Centene Corporation, a Fortune 100 company with over 30 years of experience in managed care programs. Carolina Complete Health will provide managed care services and programs to Medicaid recipients in certain areas of North Carolina. For more information, visit https://www.carolinacompletehealth.com.

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This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect Centene’s business operations, financial condition and results of operations, in Centene’s filings with the Securities and Exchange Commission (the “SEC”), including the registration statement on Form S-4 filed by Centene with the Securities and Exchange Commission on May 23, 2019 (the “Registration Statement”), and Centene’s Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, Centene cannot give assurances with respect to Centene’s future performance, including without limitation Centene’s ability to maintain adequate premium levels or Centene’s ability to control its future medical and selling, general and administrative costs.

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SOURCE Centene Corporation