earnings quarter year you bronchitis may ago. and like a Good for I some thank Ed. now or joining had hear for XXXX Centene’s morning cough and fourth I you a as of residual apologize to Thank result week would any everyone full call. so you,
have say are closed January on let pleased XX. to the Before how results, to transaction I our XXXX we me go WellCare
of cautiously we close happy We this the half that XXXX and transaction the first case. are would are the that optimistic early in was
a individuals now than to this, still are and nation. for ahead XX across XX or in across enterprise products runway healthcare have services We a of providing achieved further all capabilities the scale, us billion opportunities and XX million X we of Having across with growth long more $XXX states greater portfolio. members diversification plus enhanced
As underway integration we various pleased X. be have by and previously begin well January ready am disclosed, the process were to I is teams managing was the that report planning integration our streams. their assumption to to work
example, we have Medicare For bids XXXX begun align business. our for to
communicated have and in and the addition, WellCare Georgia team where committed Centene. integration overlap, to Florida. such WellCare achieve synergy accretion are New colleagues to targets. Most track our and In and markets, plans importantly, we previously as We we York, to on Centene remain happy and activated welcome
across delivered our line successes our turn during were remain approach. the a noise the by was bottom by now XXXX to enterprise. robust of highlights. sticking distracted XXXX We top headline year Centene’s year. me Let business-as-usual and and operational enabled for We Centene. growth recap to not significant strong another focused commercial We
continued of added XX to capabilities that This our million surpassing Centene success. X.X to more growth re-determinations, invest we which mark. continue We X% priorities execute in strategic face member of and In members the state long-term than million moderate. against achieved in XXXX, for was eligibility have growth the positioned representing
to in continue leading grow and ACA the Medicaid market We marketplace. both our position
insurer performance share basis points the in business XX% The margins basis to by health XX.X $XX.X to HBR The X.X%. relative in We XX fee earnings adjusted grew exchange increased adjusted revenues XXX $X.XX. by net increased the income normalized driven moratory. margin XX% and billion to favorable diluted points to by XXXX to in per
The to in of execute platform. and integration seamless claims remaining only of smooth task on our Fidelis continue this a systems finalize process We to Fidelis. the is incorporation to
strengthening complement to capabilities products how on focus in we with also business, We and delivering outcomes enhance areas us core while that our our impact care. continually patient a long-term continue invest to enable will
more A and that will million initiatives increase in position than Centene has progress and the profitability. few executed meaningful long-term program culture. highlights. In and growth, Centene’s now organization company’s better Centene evolved an and the We XXXX, Forward margins of part a with for initiative achieved important expect we we on into permanent $XXX
enhances migrate technology-based RxAdvance, our continue lowering while transparency to membership quality the costs. to which We and pharmacy platform,
We continue stake in we’ll as to Ribera to This increased expand continue to Centene’s our focus international demonstrates XX% on from portfolio. our We appropriate. developing Salud commitment proof-of-concept XX%. and
In the are trust and February, bridge whole experiencing integrated health among of We health dependence. organizations work we communities more development social initiatives would the how with also awareness a holistic are Food an with initiatives launched to America health effectively health. for announced we prevention OpiEnd with social insecurity. to XXXX we few. the Food raise and focus, the feeding a in we Today formed April, of for determinants Youth adolescents Challenge in to like food initiative to our September, communities. launched our In just address Tomorrow serve. proud in all approach help enhance to line about to of highlight the And and we opioid misuse the help we These I of
We are range on of focused the of broad addressing determinants social health.
to struggle and housing. particularly transportation with are – proper to always education, have Medicaid barriers non-medical nutrition, example, health, including For likely
continue multinational will the to across organizations partner the care of enterprise, health a communities lead with we transform leading to initiatives globe. As managed and
Moving on updates. to product market the and
discuss will we First, recent Medicaid activity.
rate industry Texas. grew contract maintained expanded Centene In and success we expansions. of year, year-over-year contract Medicaid Texas. win in successfully its to new to XX% re-procured million – STAR+PLUS recipients. X.X as approximately expanded the During well as November, Medicaid and with across RFP our contracts leading renewals membership X% the
We service serves in existing existing areas. healthcare Paso new continuing expanded recipients beneficiaries new to be currently a On under to in providing of will in CHIP that the X while is to state announcement be value XXXX. El contract. we Texas indicated separate contract scheduled our Centene to Travis, the services, We services two and September state. The now operate STAR, the sometime note, re-procurement X confident will of has the commence February. remain bring XXX,XXX in
XXXX, Centene launched adding Pennsylvania. long-term third and of final the On contract the X, January XX,XXX beneficiaries. care Pennsylvania phase successfully approximately
of January southwest a we As the of zone XXXX. the and launched in zone southeast XXXX in reminder, January
serving participation addition of long-term leading recipients. national in will our annual The this third program reinforces bring over zone in Pennsylvania care. state, total currently approximately We in XX,XXX $X the leadership provider position important Centene’s in revenue the billion. to the are our long-term
procurement awaiting decision. Louisiana. on results. the was for the the I the plan Centene’s emergency officer and officer state the the and most operate awardees in that I Commissioner the our reviewing most fairly state. the procurement Consequently, to XXXX, state months with currently for failed the – to will comply remain of awards appealed to the procurement state broad. agreed XX, set continues forth uphold January Louisiana contract recent under the be am cancelled. We requirements that found we pleased quote After protest, to the announce to The are MLR. decision that confident have RFP previously of the with rescinded procurement procurement Administration officer’s mentioned Commissioner that were RFP was the the
Carolina. North
been awarded point, has a noted, As XXXX date of as Centene Medicaid timeline been announced. the been from delayed announced Carolina’s North start Carolina. entity, this program previously in provider has official we has February three pending care that At no approval its budget. in North have regions state X, managed
for We implementation delay. operations continue during activities all to this maintain sufficient required
our complete. expect will awards defending against addition, In the is protest we and ongoing we are awards that once process our retain
Illinois. on commenced beneficiaries. the state’s care operations foster approximately program, serving XX,XXX In we February,
we our represented attractive we strength in business, pleased states. We consumers. with has market national served enrollment option Health year exchange of In approximately XXXX, XX our approximately expect end, year-over-year. popular At many year. an for and later be members leading of XX,XXX we growth retained additional approximately million marketplaces, X.X XX% remain position. This to insurance the continued marketplace very which of this
For of Ambetter we XX existing states expanded our our footprint in towns. and XXXX, XXX new
to continued high-quality led affordable Our open a healthcare successful very on focus enrollment. providing
January, million increase we almost year-over-year members represents In X.X had across states. a beneficiaries. XX of XXX,XXX This approximately
average the these key addition, age declined consistent prior remains of XX. year The years. X by to relatively In with members, demographics
Our increased X% retention X% by effectuation to XX%. rate increased and XX% to our rate
We marketplace business. expect another in leading strong operations our to of year have industry
growth kept our a beneficiaries, approximately X% the our On not not with performance rest Medicare approximately to achieve year do we overall in MMP Medicare, served year-over-year. has XXX,XXX at decrease of products. Medicare, and We end, and of pace expectations
this drivers our and have We of serve to important been of catalyst performance WellCare’s high accelerate underperformance. an will underlying performing this Medicare on in as portfolio growth The focused addressing business. the addition
plan last brand our Medicare we As I conference, the at to name. an under operate investor WellCare mentioned business month
will to of this am quick couple business. I ahead, Looking comments. A the be comfortable that able we reset of trajectory
our they costs, remain digits. expectations low stable in in line and medical with the Our single
our for the was Medicaid rate XXXX, X%. outlook composite On rate increase
are composite Medicaid XXXX. approximately for increase of X.X% We rate expecting a
We believe Washington little healthcare revisit D.C. regulatory is provide me healthcare environment. reform. on to in let Now, comprehensive commentary legislation and that desire there
continue administration system. explore to improve the delivery ways and to healthcare Congress However, the
those pleased We to of not seniors placed of under fee the pay and XXXX. but the are strength end-of-year the require fully with cost This significant health eliminating insurer programs. states beginning dollars for only that Medicaid a tax commercial increased which in included provision coverage, tax for purchase who legislation, hundreds millions
support addition, market indicate the at stabilized for further revisions exchanges. individual aimed bipartisan marketplace In
administration giving flexibility week, states announced expansion more aimed proposal their Last the block at with population. grant a
and remains administration welcomes to reviewing proposal sure to making integrity, Medicaid states, so. currently opportunity represents approach promote to are to coverage while is innovative to safe local innovation forward sustainable. look who with across need another the and the with Centene help federal Centene the it. affordable program partner the We be to this to an promote its those available programs It make working do efforts well-positioned all fiscal government’s more with and
confidence Centene. an value as focus performance to and margin over organic made us emphasis our portfolio and the strength, continue growth strategic to the scale beyond focus quality a our and significant In successful investing in on on very we significant with solid build the continue on and organic XXXX of for financial growth. enterprise momentum position and across on an deliver delivered to with forward to driving Continuing against year on progress this XXXX excellence and look We to priorities. positive operational portfolio growth with long-term. enterprise and expansion conclusion, We another our was
will Jeff further details XXXX full provide Centene. financial in interest year your now you Jeff? for quarter you and Thank results. on fourth with
