Centene Corporation Insurance Company Profile and History

Centene Corporation is a leading healthcare company that was founded in 1984 by Michael Neidorff. It's headquartered in St. Louis, Missouri.

The company started as a small health insurer but has since grown to become one of the largest in the US. Centene Corporation now operates in 25 states and offers a range of health insurance plans to over 20 million people.

Centene's history is marked by strategic acquisitions and partnerships that have expanded its reach and services. One notable example is its acquisition of Health Net, a major health insurer in California.

Centene Corporation is a leading health insurance company that provides a range of services to its members.

Founded in 1984, Centene has grown to become one of the largest health insurance companies in the United States, serving over 22 million members across the country.

The company is headquartered in St. Louis, Missouri, and operates in 25 states, as well as in the United Kingdom and other international markets.

Centene offers a variety of health insurance plans, including Medicaid, Medicare, and the Health Insurance Marketplace.

Centene Corporation has a significant presence in the Medicaid market, with various contracts across the United States. In California, Health Net of California, a subsidiary of Centene, won a direct contract from the California Department of Health Care Services to support Medi-Cal in 10 counties.

Health Net will serve Medi-Cal members in counties including Los Angeles, Amador, and Sacramento. The contract will commence in January 2024. This is just one example of Centene's extensive Medicaid contracts.

Centene's subsidiary, Centurion, received a $554 million contract award from the Kansas Department of Corrections in 2020. The contract lasted for six years and included dental, behavioral health, medical, and other support services for offenders in nine correctional facilities.

Here are some notable Medicaid contracts held by Centene Corporation:

Centene's subsidiaries have been successful in managing Medicaid contracts, providing quality healthcare services to vulnerable populations.

Centene Corporation is a highly accredited and recognized company in the insurance industry. They hold numerous accreditations and awards that demonstrate their commitment to excellence.

Centene has earned URAC accreditations in Pharmacy Services, including Drug Therapy Management and Opioid Stewardship, as well as Specialty Pharmacy.

The company has also received NCQA accreditations in various areas, such as Health Plan, Population Health Program, Utilization Management, Credentialing/Recredentialing, Managed Behavioral Healthcare Organization, and more.

Centene has been recognized by Fortune as one of the World's Most Admired Companies for the seventh consecutive year, ranking them among the top companies in their industry.

Here are some of the notable recognitions Centene has received:

Centene has also been recognized for their commitment to diversity and inclusion, including being ranked #50 on the Top 50 Company for Diversity by Fair360 (2024) and receiving the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion from the Human Rights Campaign Foundation (HRC) (2023-2024).

Centene Corporation is a leading healthcare enterprise that operates in the United States and internationally.

The company offers a range of health insurance products and services, including Medicare and Medicaid plans.

Centene's business model is built on a strong foundation of partnerships with healthcare providers, community organizations, and government agencies.

We've built a reputation for steady, organic growth and strategic acquisitions, transforming us from a regional player to a national powerhouse.

Fortune magazine consistently ranks us as one of America's fastest-growing companies, a testament to our successful growth strategy.

Between 2004 and 2024, we grew from 772,700 members in 7 states to 28.6 million members nationwide, a remarkable achievement that showcases our ability to scale.

We've navigated the complexities of government-sponsored healthcare through seven presidential administrations, a feat that few companies can claim.

At Centene, we've successfully implemented the Affordable Care Act and now offer affordable and high-quality products to more than 1 in 15 individuals in all 50 states.

Our expertise in Medicaid and Medicare is unmatched, with a strong presence in both programs, as well as Medicare Prescription Drug Plans.

As we continue to discuss our business, let's take a closer look at our competitors. We have a strong presence in the market, but it's essential to understand who else is out there.

We're headquartered in the United States of America, along with our competitors Centene Corp, UnitedHealth Group Inc, The Cigna Group, Elevance Health Inc, and Humana Inc.

Each of our competitors has a unique setup, but they all share one thing in common - they're all public companies.

Let's take a look at a comparison of some key parameters:

We can see that our competitors have a significant presence in the market, with some having a much larger number of employees than us.

Ambetter Health is offered by Centene Corporation, a Fortune 500 company with over 30 years of experience in the managed care industry.

Ambetter Health has been offering insurance plans across the U.S. on the Health Insurance Marketplace for nearly a decade.

Ambetter Health serves nearly 5 million members, making it the largest carrier of marketplace insurance in the country.

The company offers a variety of plans and healthcare services to meet its members' needs.

Ambetter Health is certified as a Qualified Health Plan on the Health Insurance Marketplace or specific state exchanges.

The parent company of Ambetter Health is Centene Corporation.

Centene's leadership team is headed by Sarah London, who serves as the company's CEO. She is supported by a team of experienced executives.

Ken Fasola is the president of Centene, bringing his expertise to the role. Drew Asher serves as the company's CFO, overseeing its financial operations.

Alice Hm Chen is Centene's chief health officer, focusing on the company's health-related initiatives. The leadership team at Centene is composed of several individuals, each contributing their skills and experience to the company.

Centene Corporation is a publicly traded managed care firm based in St. Louis, Missouri, that primarily focuses on the Medicaid market. The company acts as an intermediary for both government-sponsored and privately insured healthcare programs.

Centene Corporation reported first-quarter profits of $1.1 billion, driven by an increase in membership and premium revenue, thanks to a significant rise in Obamacare enrollment. This increase in revenue led to a 4% increase in "premium and service revenues", which rose to $36.3 billion from $35.0 billion in the first quarter of 2023.

The company's net income exceeded Wall Street analysts' expectations, reaching $1.16 billion, or $2.16 per share, compared to $1.13 billion, or $2.04 per share, in the same quarter last year. Centene's significant growth in the commercial marketplace, particularly Obamacare, contributed to this increase in revenue.

Centene Corporation has been involved in some exciting developments in recent years. One notable event was the partnership with the National Association of Community Health Centers in 2024 to improve Community Health Centers.

In 2025, Centene Foundation awarded a grant to Hawai'i Island Community Health Center to expand school-based health services with a new mobile clinic in rural Hawai'i Island.

Here are some key events in the history of Centene Corporation:

Centene Corporation has also expanded its services through partnerships and agreements, such as the one with Buckeye Health Plan in 2024.

The parent company of Ambetter Health is Centene Corporation. Ambetter Health is a brand of health insurance plans offered by Centene Corporation.

Centene Corporation is a large healthcare company that offers a range of health insurance plans, including those through the Affordable Care Act's marketplace.

As of the 2023 data, Ambetter Health has a significant presence in the national on-exchange marketplace, with a substantial number of members enrolled in their plans.

Centene Corporation is a publicly traded managed care firm based in St. Louis, Missouri, with a significant portion of its membership coming from programs like the Children’s Health Insurance Program (CHIP) and Temporary Assistance for Needy Families (TANF).

The company reported first-quarter profits of $1.1 billion, driven by an increase in membership and premium revenue, thanks to a significant rise in Obamacare enrollment. Centene's net income exceeded Wall Street analysts' expectations, reaching $1.16 billion, or $2.16 per share.

Centene Corporation specializes in three major government-sponsored programs: Medicaid, Marketplace, and Medicare Advantage. Each of these programs benefits from long-term secular tailwinds, with managed Medicaid penetration increasing over the past two decades.

The company holds the top market share in both Medicaid and Marketplace programs and is well-positioned to capitalize on their continued growth. Centene currently trades for about 9x its estimate of normal earnings power, which is considered a compelling value for a business that generates healthy returns on capital.

Centene has a strong presence in the healthcare industry, with its Ambetter Health products offering insurance plans across the U.S. on the Health Insurance Marketplace. Ambetter Health serves nearly 5 million members, offering a variety of plans and healthcare services to meet their needs.

Here are some key events in Centene's history: