Thank who know Ed his quarter Relations. I’d morning reigns for Ed is Senior well. considered to Centene like him thank has of to We’d you, Kroll Investor and for taken the you many impactful call. of to years. retirement gathering welcome when on We in to you earnings as the forward contribution thank Centene’s Jennifer so first congratulate look Jennifer. from Finance like his over She him person and Vice Good joining and celebrating President XXXX safe. together
loved you, by Let I hope safe ones me start families, staying your and saying and are healthy. all
and lines front out the for Our the been are impacted and essential that the to crisis hearts day. every pandemic go supporting workers have to fighting the we by on family all thankful them the
believe We with a we sheet solid balance in and a position, strong abundant liquidity. financial are
have priorities, We become which to enables as sheet, balance always our well us pandemic. our as the fund has it respond been ever, than more to of as effective managers important
with that, to our With crisis. response start let COVID-XX me
Centene at mission Our clear. is
our to members, of the most population. to nation’s some vulnerable accessible, healthcare provide are have affordable whom We high-quality, among
have aware seen must acutely we of are the of role As unfold, scale an economic we health we unprecedented nature public play. crisis and both vital the and
more been never have providers. our supporting We well resolute our serving members, as in as
Looking exceptionally which our critical maintain as local priorities there provider approach, follows. these us, our We challenges in our with focuses at on are front [ph] will over members of and co-heal,
employees. our health and foremost, First of and safety the is
of to doing and our steps taken and our can we have employees operations. ensuring We everything significant while safety, to health protect support continuity are their
remotely XX% and to of proud that within to am have work business days. we able continuity just implemented support have our three our approximately plans to are we I taken To workforce. transition actions this our workforce end,
whose This to critical thanks to like to remaining at allowed full give without and XX% I’d to close cannot office. disruption. the a special Centene are to performed the roles outside continue operate capacity be
safeguard the It access is high that for taken most during people’s quality to to our Second, class in health we healthcare, including society. important and treatment especially to in it support is vulnerable with that services. testing pandemic, access important mind increased steps the both our critically our members we have this waivers and
broader of health. announced of investments the a commitment standing that address series build also We on social long to determinants
to demand healthcare continue hunger, address supplies that just initiatives and support for few. connectivity, increased We and name a educational to
for delivering months XX,XXX X million and the a and to educational purchase gift healthcare essential neighbors our communities donating feed meals all to XX over items. be cards are we to example, and month For country used
And support organizations the our frontlines. our to partners is on third and priority the
saw across approach, of you our local provider provider relationships has As Centene deep network. exceptionally line our long-standing
broad of initiated a preference to the range We on have front support those lines.
virus provision of administrative additional access resources. physicians, to and hotspots, include, relaxation PPE facilitation burdens of across These of for medical personnel, financial and
to We we thinking contribute proactive evolves. can as be will continue best situation through the in how
we’re let the this on pandemic. trajectory of thinking To how end, touch that me through
scenarios We the preparing pandemic. duration relating the are for intensity and of a to shape, range of
an as are Institute are Metrics and on Organization Health CDC We the health ongoing and close in we authorities organizations World contact basis. developing closely for tracking data with such Evaluation, the the providing and are and the Health
But the future predict potential a widely of for the safe a have normalization balance federal government some we it effective as risk take number economies peaks reopen state to until considerations, and time testing, key medications, a or transmission. And or to available with local, the what vaccine. viral may prepared weeks are months to will bring, need which multiple for scenarios, of including, precisely return difficult incorporate increased is the we
Overall, $X.XX. adjusted of me provide of results, we Next, EPS our the quarter. performance delivered let a solid first including brief diluted overview in
billion, year, First the quarter increase WellCare. $XX by prior a of representing revenues were driven the XX% on primarily acquisition
states. business marketplace addition and programs the of and new across expansion our through from growth members Organic our new
at Medicaid including in $X.X managed million, million our and stands $XX.X membership $X.X $XX.X our Our business, in million now Medicare marketplace across million care products.
have We and place robust. capital this manage ensure financial focused effectively the through our mentioned, crisis. that in we structure to ensuring remain on is we’ll policies allocation continue capital I position right As
Now on our year full outlook.
can there. from variability trajectory as remains guidance adjusted comes there the unchanged some to earnings range. consistent, it see you get when be EPS Our That how said, we will
most to our We we expect quarter-to-quarter. our baseline. as view from reliable overall results to guidance But be choppy prior the range continue
a to offer me we that few variables monitor. Let other continue
membership. First,
will resulting expect when reversed economy stage. as and We partially the and the recovery unemployment to economic increases impact increases These to be members. drive reaches
are to be declines example, for in second in been and mostly and Second, of deferrable general continued the dental types have expected utilization. There business, services, optical quarter.
the third and Large demand provider fourth continue return early to expect quarter. our groups quarter in into pent-up
We increase to are behavior. expect as lifted restrictions and utilization pre-pandemic return normal members more to
to COVID-XX. related costs Third,
to testing materializes the way for year. on quarter, COVID-related waivers from will be continue how balance treatment could of which expect an impact the the this the cost during We and pandemic second dynamic dependent The see throughout the evolves.
rate during pandemic. to with duration this the met the to other utilization of of we intensity We costs continue epidemiologist, of Working intensity leading also [ph] multiple the period medical with especially the in conditions expect members increase, significantly may closely not needs, potential as and have and fourth quarter uncertainty. rates which monitor infection been third Fourth, chronic and for be greater for
significant seasonality continue these other for dynamics. choppiness, as with we stakeholders, establish cost to we As of state including address holistic our such prepare levels ways partners different work and to regulators and CMS, to
acknowledge environment to of outlook. abundance continue the the our operating unknowns but to fluid various is the membership, to employment in increase conservatism It same apply time, an the landscape. this We prudent anticipate of an creates. nature We recognize at
outside update you the shape. pandemic impact developments see materially commit from will the to We we you those take our If on change our regular updating to as we calendar. guidance assumptions, that immediately continue
The positive transition our integration important and The delivery a synergies. and a of and seamless Turning education on to WellCare. execution to aspect team remains continues of focus the of operations.
in operating capture. timing While generate total unchanged, opportunity the our view synergy current of rate the the could of some run environment variability remains
by For are those of these finding extended by example, Jeff, offering timeline of we will and impacted a the the been environment the integration detail. XXXX Georgia, economic from discuss in plants state, dynamics to the to the combine physicians, time our daunting further new difficulty such the two has nation. benefits XXXX in to delayed recognizing for
need. have mission we closing, In most of To our during to has never the more taken vulnerable significant been we time this serve ensure vital. date, actions
to planning flexible rigorous will this undergoing the facts are processes dynamic continue while we environment. remaining know guided be them, as and We in by
this Our shareholders to members, pandemic our as organization providers, face together. focus our for united is deliver state and partners and we
very continue we integration, our to our the significant press strong. and we release, sheet noted balance our by raised progress have guidance, revenue remains on WellCare make As
financial Now, call to Jeff, over details. the the to I’d like turn will who provide
