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This statistic highlights Centene Corp’s Number of Members, split across at-risk membership and non-risk membership, reported on a quarterly basis from 2016 onwards,.
|Members||Q3 2020||Q2 2021||Q3 2021||Share in Q3 2021|
(All figures are in absolute numbers, except percentages)
Centene Corp’s total number of members increased from 22,287.2 thousand in Q3 2020 to 23,661.8 thousand in Q3 2021, marking a 6.2% growth on a year-on-year basis. It also grew by 5% on a quarterly basis, from 22,541.6 thousand members in Q2 2021 to 23,661.8 thousand in Q3 2021.
The COVID-19 epidemic has posed new and unanticipated obstacles. The company has taken a number of steps and made a number of investments in response to the COVID-19 problem to help its members, providers, workers, and the communities it serves. COVID-19 screening, testing, and treatment services are now covered by Medicaid, Medicare, and Marketplace members, and all related member cost-share amounts have been waived. Safety Net providers, such as Federally Qualified Healthcare Centers (FQHCs), behavioral health providers, and long-term service and support groups, are receiving new crucial support.
During the COVID-19 crisis, it has been continuing to address socioeconomic determinants of health for disadvantaged people by investing in non-medical barriers to obtaining better health outcomes. It has created programs to help people with disabilities, who were affected by the epidemic. It also established a provider assistance program to help its network providers who are applying for CARES Act benefits from the Small Business Administration (SBA). To help clinical personnel who desire to join a medical reserve force and serve their communities during the COVID-19 pandemic, it has designed a Medical Reserve Leave policy. Employee perks include cost-sharing waivers for COVID-19-related treatment, emergency paid sick leave, and one-time compensation to workers who work in a small number of key office duties.
Centene Corp’s membership can be further bifurcated into the following categories:
Centene’s unwavering commitment to the environment, its communities’ health and well-being, and its nation of sound and ethical corporate governance spreads far beyond specific projects or initiatives. The company’s duties to its clients, stakeholders, and the environment serve as a living motivation for its ultimate goal – altering the health of the community, one person at a time – by providing high-quality healthcare to at-risk populations. The continuation of its focus on environmental, social, and governance (ESG) issues is critical to its strategy and long-term value development.
The majority of Centene Corp’s members are from the At-risk membership category accounting for 99.98% of the company’s total members in Q3 2021, amounting to 23,657.8 thousand. It grew by 7.2% on a yearly basis, as compared to 22,060.6 thousand members in Q3 2020. It also witnessed an increment of 5% on a quarterly basis, compared to 22,537.3 thousand members in Q2 2021.
Centene has been reducing its non-risk memberships and plans to make it almost negligible.
Centene Corp’s members from the Non-Risk membership have declined exponentially, from 227.2 thousand members in Q3 2020 to only 4 thousand members in Q3 2021, on a year-on-year basis. It also declined by 7% on a quarterly basis, as compared to 4.3 thousand members in Q2 2021. It accounted for only 0.2% of the total members in Q3 2021.
Centene Corp is a major multi-national healthcare company dedicated to assisting people in leading better lifestyles. It delivers completely integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, concentrating on under-insured and uninsured persons, utilizing a local strategy – with local brands and local teams. It also offers education and outreach initiatives to help members learn about and get great, appropriate healthcare. The company thinks that its basic approach, which consists of member and provider services, enables it to serve its communities with affordable, high-quality, culturally sensitive healthcare. The company’s population health management, educational, and other initiatives are designed to assist members in making the best use of the healthcare system to ensure they get appropriate, medically essential services and effective supervision of routine, severe, and chronic health problems, resulting in better health outcomes. Its decentralized local approach to care is combined with a centralized infrastructure of support services including finance, information systems, and claims processing.
In Wisconsin, its first health plan began operations in 1984. In 1993, it was formed in Wisconsin as a holding company for the first health plan, in 2001, the company was then reincorporated in Delaware. The ticker symbol “CNC” is used to trade the company’s shares on the New York Stock Exchange.
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