Healthcare Finance News April 26, 2023
Susan Morse

WellCare will return to its roots serving lower income, diverse and complex seniors, which is the fastest-growing sub-segment of MA, CEO says.

Centene downgraded its 2024 adjusted earnings per share target this week to greater than $6.60, reflecting its view of Medicaid redeterminations, its Medicare bid strategy and business investments, according to its Q1 financial results.

This compares to an earlier forecast of $7.15 per share, according to Reuters.

WHY THIS MATTERS

CEO Sarah London talked about building a more conservative view of its managed Medicaid business, driven by Medicaid redeterminations.

“Over the last 1.5 months, with the benefit of finalized implementation plans and early data feeds from our state partners, we have refreshed our state-level models and projections...

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Topics: Insurance, Medicaid, Medicare Advantage, Payer
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