Centene Corporation (NYSE: CNC)
Healthcare Plans · St. Louis, MO, United States · Founded 1984
- Market capitalization: $35.0 billion
- Annual revenue: $194.78 billion
- Net income: $-6.67 billion
- Employees: 74,000
- Sector: Healthcare
- Headquarters: St. Louis, United States
- Founded: 1984
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Centene Corporation is the largest Medicaid managed care organization in the United States, providing health insurance to low-income and underserved populations through government-sponsored programs. The company serves over 28 million members across Medicaid, Medicare, the Health Insurance Marketplace, and TRICARE. Centene's scale in Medicaid gives it significant influence over healthcare delivery for America's most vulnerable populations.
Centene earns revenue from per-member-per-month premiums paid by state Medicaid programs, CMS for Medicare plans, and individual premiums on Marketplace plans. Profitability depends on managing medical costs below the premium rates set by government payers.
Elizabeth Brinn founded Centene in 1984 as a single Medicaid health plan in Milwaukee. The company grew aggressively through acquisitions, including the $17.3 billion purchase of WellCare in 2020, which made it the undisputed leader in Medicaid managed care. Former CEO Michael Neidorff built Centene from a small regional plan into a Fortune 25 company before his departure in 2022.
| Market Capitalization | $35.0B |
| Annual Revenue | $194.78B |
| Net Income | $-6.67B |
| Profit Margin | -3% |
| Revenue per Employee | $2632162K |
| Stock Exchange | NYSE |
| Ticker Symbol | CNC |
Financial data is approximate and based on most recent annual filings.
Centene serves more Medicaid beneficiaries than any other company in America—roughly one in fifteen Americans is covered by a Centene plan. The company operates in all 50 states, a breadth of Medicaid coverage no competitor matches.
Centene's Medicaid dominance is unassailable, but the post-pandemic Medicaid redetermination process has removed millions of members from rolls, creating a revenue headwind. The company's margin improvement program is critical to offsetting membership losses and satisfying an increasingly impatient investor base.
What is Centene Corporation's revenue?
Centene Corporation generates approximately $194.78 billion in annual revenue.
How many employees does Centene Corporation have?
Centene Corporation employs approximately 74,000 people worldwide.
What is Centene Corporation's market cap?
Centene Corporation (CNC) has a market capitalization of approximately $35.0 billion on the NYSE.
When was Centene Corporation founded?
Centene Corporation was founded in 1984 and is headquartered in St. Louis, MO, United States.
Who is the CEO of Centene Corporation?
Sarah London is the current CEO of Centene Corporation.
What is Centene Corporation's website?
Centene Corporation's official website is centene.com.
| CEO | Sarah London |
| Sector | Healthcare |
| Industry | Healthcare Plans |
| Founded | 1984 |
| HQ | St. Louis, MO |
| Country | United States |
| Website | centene.com |
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