Centene Subsidiary 'Ohana Health Plan Selected to Continue Serving Hawaii's Medicaid Managed Care and CHIP Programs Statewide
25 Mar, 2021, 07:00 ET
ST. LOUIS, March 25, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its Hawaii subsidiary 'Ohana Health Plan was selected by the Hawaii Department of Human Services' Med-QUEST Division to continue administering covered services to eligible Medicaid and Children's Health Insurance Program (CHIP) members for medically necessary medical, behavioral health, and long-term services and supports. The new statewide contract is anticipated to begin July 1, 2021.
'Ohana Health Plan has served Hawaii residents through the state's Medicaid program since 2008. Under the new contract, 'Ohana Health Plan will continue to provide services for eligible Medicaid recipients in Temporary Assistance for Needy Families (TANF); the Children's Health Insurance Program (CHIP); Aged, Blind and Disabled (ABD); and expansion programs. The new contract runs through Dec. 31, 2026 with the option of three, 12-month extensions.
"We are honored the Hawaii Department of Human Services has selected 'Ohana Health Plan to continue serving eligible Medicaid and CHIP members across the state," said Scott Sivik, 'Ohana Health Plan President and CEO. "We have proudly served Hawaii for more than a decade and look forward to working collaboratively with our state partners, our network of providers, and our local communities to continue delivering high-quality, cost-effective care and services to help our members live better, healthier lives."
"We are humbled by the opportunity to continue serving Hawaii's Medicaid and Community Care Services (CCS) populations and supporting those individuals living with some of the most complex physical and behavioral healthcare needs in the state," said Brent Layton, Centene EVP and President of U.S. Health Plans, Products, and International. "We look forward to our continued partnership with Hawaii to provide services that address social determinants of health, remove barriers to care and treatment, and deliver better health outcomes for Hawaii residents."
'Ohana Health Plan operates under WellCare Health Insurance of Arizona, Inc. On Jan. 23, 2020, Centene Corporation acquired WellCare Health Insurance of Arizona, Inc. through its acquisition of WellCare Health Plans.
As of Dec. 31, 2020, 'Ohana Health Plan served approximately 50,000 Medicaid and Medicare Advantage members across the state.
About Centene Corporation
Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners.
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United States of America" regarding the constitutionality of the ACA; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of pending or future legal and regulatory proceedings or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the possibility that the expected synergies and value creation from acquired businesses, including businesses we may acquire in the future, will not be realized, or will not be realized within the expected time period; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions; disruption caused by significant completed and pending acquisitions making it more difficult to maintain business and operational relationships; the risk that unexpected costs will be incurred in connection with the completion and/or integration of acquisition transactions; changes in expected closing dates, estimated purchase price and accretion for acquisitions; the risk that acquired businesses will not be integrated successfully; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. 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 our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our 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, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs.
SOURCE Centene Corporation
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