Behavioral Health Business October 24, 2023
State governors have named behavioral health as a top priority. This could give a boost to Centene Corp.’s (NYSE: CNC) behavioral health business and improve its business with state Medicaid programs.
Behavioral health challenges for Medicaid enrollees have been a “top 3” issue conveyed by the “over 30 governors” with whom Ken Fasola, Centene’s president, and CEO Sarah London have met over the last six months.
“Whether that’s staffing shortages, access, thinking about broadband in order to increase telehealth — they are all focused on ways that they can support providing additional behavioral health to their membership and it has actually created really nice tailwinds relative to our Magellan business,” London said.
Centene’s business focuses on contracting with government programs...
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