Printer Friendly
The Free Library
14,573,341 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Centene Corporation Subsidiary Awarded Long Term Care Contracts in Arizona; LTC Contracts Awarded for Maricopa and Yuma/LaPaz.


ST. LOUIS -- Centene Corporation (NYSE NYSE

See: New York Stock Exchange
: CNC (Computerized Numerical Control) See numerical control.

CNC - Collaborative Networked Communication
) today announced that its specialty company subsidiary, CenCorp Health Solutions (CenCorp), has received notification from the Arizona Health Care Cost Containment System The Arizona Health Care Cost Containment System (AHCCCS) is the name of the Medicaid program in the state of Arizona. As with all Medicaid programs, it is a joint program between the state and the Centers for Medicare and Medicaid Services (CMS).  (AHCCCS AHCCCS Arizona Health Care Cost Containment System ) that it has been awarded two managed care program contracts to provide Long Term Care (LTC LTC
abbr.
lieutenant colonel
) services.

The contracts are awarded for five years beginning October 1, 2006 and include the geographic service areas of Maricopa and Yuma/LaPaz counties. Services to low income elderly and physically disabled Arizonans will be provided by Bridgeway Health Solutions, a member of the CenCorp family of specialty companies.

William N. Scheffel, Centene Senior Vice President and Chief Executive, Specialty Companies, stated, "We are proud to be involved with the state of Arizona and to have been awarded contracts for two of three service areas for which we applied. We view Arizona's Long Term Care (LTC) program as a model for the nation. As one of three LTC providers in Maricopa County (the largest service area with approximately 13,800 recipients) along with receiving a sole source contract in Yuma/LaPaz area, we consider this award as a very significant milestone for CenCorp."

The Arizona Long Term Care System (ALTCS ALTCS Arizona Long Term Care System ) was established in December 1988 through a federal 1115 Medicaid waiver to provide long term care services to elderly and disabled persons meeting income and resource requirements and who are at risk of being institutionalized in·sti·tu·tion·al·ize  
tr.v. in·sti·tu·tion·al·ized, in·sti·tu·tion·al·iz·ing, in·sti·tu·tion·al·iz·es
1.
a. To make into, treat as, or give the character of an institution to.

b.
. ALTCS has a total of over 41,000 enrolled members, 22,400 of whom are elderly and physically disabled with remaining enrollees served by the state's Division of Developmental Disabilities. The total annual budget for the ALTCS program is $1.1 billion in Federal, State and County dollars.

Centene initially estimates that these contracts will generate total annual revenues of approximately $100 million to $150 million subject to the timing and transition of members between plans. As details become available, the Company will provide additional updates accordingly.

The information provided in the fifth paragraph above contains forward-looking statements that relate to future events and future financial performance of Centene. These forward-looking statements represent the Company's estimates as of May 2, 2006. Subsequent events and developments may cause the Company's estimates to change. The Company disclaims any obligation to update this forward-looking financial information in the future.

Readers are cautioned that matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, regulatory, competitive and other factors that may cause Centene's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Actual results may differ from projections or estimates due to a variety of important factors, including Centene's ability to accurately predict and effectively manage health benefits and other operating expenses, competition, changes in healthcare practices, changes in federal or state laws or regulations, inflation, provider contract changes, new technologies, reduction in provider payments by governmental payers, major epidemics, disasters and numerous other factors affecting the delivery and cost of healthcare. The expiration, cancellation or suspension of Centene's Medicaid managed care contracts by state governments would also negatively affect Centene.

About Centene Corporation

Centene Corporation is a leading multi-line healthcare enterprise that provides 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 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, pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims.  and treatment compliance. Information regarding Centene is available via the Internet at www.centene.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 2, 2006
Words:613
Previous Article:Lithia Motors Acquires Chrysler Jeep And Dodge Store in Twin Falls, Idaho; Lithia Now has Eight Stores in Idaho.
Next Article:ILTA Conference and Trade Show Provides Vital Regulatory, Operational and Technical Sessions for the Terminal Industry.
Topics:



Related Articles
Maricopa Community Colleges.(Appointed And Promoted)
Fifty years of fun in Maricopa County.(Arizona)(Maricopa County Parks and Recreation Department's)(Brief Article)
Desert Oasis saved from commercial development.(Tip-Off)(Brief Article)
Arizona's Paradise Valley Unified School District already tests high school athletes and club members for drugs.(Brickbats)(Brief Article)
Congratulations to our Award winners!(2005 Award of Excellence)(2005 Lifetime Achievement Award)(Brief Article)
Morgan v. Maricopa County.(civil rights suit)(Brief Article)
Arizona Castings.(Newscast)
Arizona: Maricopa County deemed "pioneer".(MEMBER NEWS)(Brief article)
Centene Corporation Subsidiary Awarded Statewide Medicaid Contract in Indiana.
Centene Corporation Announces Texas Foster Care Contract Award.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles