CEO Sarah London said the payer lost 263,000 Medicaid members in the second quarter during an earnings call in July. The company posted total revenue of $37.6 billion, up year over year by 5%. It anticipates Medicare revenue will shrink in 2024 due to a decrease of star quality ratings published by the Centers for Medicare & Medicaid Services.
The financial update, which includes reduced profit projections, comes as the company has refocused its mission on its core, highest-performing businesses.
https://www.fiercehealthcare.com/payers/centene-lay-2000-employees
The financial update, which includes reduced profit projections, comes as the company has refocused its mission on its core, highest-performing businesses.
https://www.fiercehealthcare.com/payers/centene-lay-2000-employees
