Centene Corporation Subsidiary Awarded Additional Medicaid Contract in Georgia.ST. LOUIS -- Peach State Health Plan to Serve Three Regions With 780,000 Total Eligibles Centene Corporation (NYSE NYSE See: New York Stock Exchange : CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today announced that it has been awarded an additional Medicaid contract for the Southwest Region by the Georgia Department of Community Health. Centene's Georgia subsidiary, Peach State Health Plan (PSHP PSHP Pennsylvania Society of Health-System Pharmacists PSHP Puget Sound Health Partners (Lakewood, WA) ), will manage a portion of the approximately 130,000 Medicaid eligible recipients in this region. The contract was signed and fully executed on August 19, 2005 with the state of Georgia. Additionally, the state has presented actuarially sound rates which the Company has reviewed and accepted. The contract for the Southwest Region, which includes the cities of Albany and Valdosta, becomes effective immediately with PSHP membership operations commencing December 1, 2006. The initial contract runs through June 30, 2006, and is then subject to six, one-year renewal options. On July 19, PSHP was initially awarded the Atlanta and Central Regions, with approximately 650,000 eligibles. The Southwest Region was subsequently awarded to PSHP upon the discovery of an error in the calculation of scores by the Georgia Department of Administrative Services. Questions regarding the process by which the Medicaid contracts were awarded or the ongoing program should be directed to the state. Michael F. Neidorff, Chairman and Chief Executive Officer of Centene, stated, "Our Georgia subsidiary, Peach State Health Plan, is focused on providing healthcare benefits and services to Medicaid and PeachCare for Kids recipients in the Atlanta, Central and Southwest Regions. We consider the opportunity to serve this population in the state of Georgia as fulfilling a critical need -- providing care to those who need it most." As previously disclosed, Centene's 2005 guidance was revised to reflect an estimated $7.5 to $10.0 million in implementation costs related to the Georgia contract awards. The December 2006 effective date for the Southwest region will not affect this guidance. About Centene Corporation Centene Corporation provides multi-line managed care programs and related services to individuals receiving benefits under Medicaid, including Supplemental Security Income Supplemental Security Income A Social Security program established to help the blind, disabled, and poor. (SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. ) and the State Children's Health Children's Health Definition Children's health encompasses the physical, mental, emotional, and social well-being of children from infancy through adolescence. Insurance Program (SCHIP SCHIP State Children's Health Insurance Program ). The Company operates health plans in Indiana, Kansas, Missouri, New Jersey, Ohio, Texas and Wisconsin. In addition, the Company contracts with other healthcare organizations to provide specialty services including behavioral health, disease management, nurse triage triage Division of patients for priority of care, usually into three categories: those who will not survive even with treatment; those who will survive without treatment; and those whose survival depends on treatment. and treatment compliance. Information regarding Centene is available via the Internet at www.centene.com and www.pshpgeorgia.com. |
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