we us Thank our you, Jen, as quarter review XXXX and joining for results. everyone, third financial thanks,
will with in quarter. impacting year in guidance outlook than unique our the in line normalized XXXX powerful that confident are we of overall which bottom largely diluted platform have we a and to drive as market next updates our adjusted and for believe We shared. recent view environment. still growth with XXXX the EPS have volatility consistent remains tailwinds and of that adjusted upfront. we to our and a the of care, still XX% managed what from believe $X.XX, to previously long-term grow remain full start EPS headwinds let's unchanged Given greater We we EPS look we year, from business The our XX%
mid-quarter quarter, of stronger quarter our the reporting a the third consistent quarter, core period, effective was ended refreshed items with up the business $X.XX, Medicaid recent to the in in anticipated we Within a commentary, we aided saw rates expectation as and EPS our most the movement shifting and result lines, part into diluted Medicare Marketplace a tax performance data performance adjusted Specific in our with forward by better than upside driven third advocacy. and quarter. than expectations by are of little for result
to the relative our post book general, saw In dialogue by Medicaid to we the state of progress are throughout quarter partners encouraged ongoing of align our redeterminations business. with with rates we acuity
transparency better We spent have change. of of year the a unprecedented offering of a our level into business significant XXXX, during part
positions this for We us are stable today a XXXX. that outlook transparency with pleased
details, the into with Medicaid. get let's starting that, With
reflect partners been XX transitioned base. member As of rates out requires that start undergone Since largest of process, result managed a by transformation months to materially nationwide pool our of action the Medicaid this the you millions program Medicaid the way over to across a in determinations. redeterminations the of rightsize post the shifting state the country, risk our know, last Americans of eligibility significant return business has have as
in the of today, XX the our vast the of quarter, membership fourth to state through work sit states with the which their quarter. XX of are tail through move into During roughly And period backlogs. million seeing partners the as as we we members their continued the and respective respective operate processes. majority closed evidence third are we now redetermination We here leveling
in from our our this benefit state boots-on-the-ground fully this ensure a rate are message partners heard the to and, support from terms with of consistent for proactive have current discussions began, process equally, you our throughout dialogue data. Since informed data-driven period us our and most members
we the to all all of form. here acuity taken our some our with in states adjustments As have acuity, with of sit to states today, rates respect now match acknowledged have need and action
our adjustments, be be by the still and range. to our now in is back we We composite X.X% there the productive, are saw respect and sufficiency to as of to the engagement the adjustment work do the While conversations unfolded. movement quarter with expect half to we rate encouraged to continue incremental rate X%
premium just experience majority matures, reinstated gap. from seeing Less initially still means a which over The we dropped state-by-state half us. corresponding of we a gap, were who these returned experienced are Medicaid to are XX% with coverage. experience eligibility members than ultimately retroactive coverage rejoiners As
the As temporary MLR. on this creates Medicaid we previously, discussed pressure have
close rejoiner evidence churn QX a move offers book a Medicaid we that starting the However, return suggests move a and to as look lessening to incremental the trend XXXX. a rate This as we pressure slow. at is of through across of natural into normal tailwind more
provide advocate and match acuity. rates Medicaid the believe built and We data-driven has advocacy temporary adjustments. return course and sound rates served We over quarters in continue ultimately that us Overall, is X that to reinforces so rates we to movement view will XXXX and the state the solid seen last to and for track of the actuarially we of our appropriate XXXX we the have data as acuity well our will do programs detailed a regular counterparts. to what foundation continue have we closely mid-cycle state updates experiencing that over dynamic are
support a presence Michigan in another services Michigan effectively integrated this transitions yet in RFP, their the to statewide Medicaid has In duly In results While won progress Meridian members go not Centene highly delivering organization equally D-SNP. in short, Medicaid to time with Wellness as this of our much members last Iowa redeterminations that our the program alignment the at Centene's business low-income we Medicare for month, successfully growth. long-term XXXX support over few team and rate busy it making and the team have state, strong quarters, attention captured value earlier business acuity unnoticed eligible are process. competitive for providing of been September, then development statewide should needs.
In And RFP Health positioning this Health serving our in Pennsylvania our services we long-term reinforcing the in and complex high August, best-in-class continues strength reprocured reprocured that our against and proposition. business articulate Plan and
innovate Throughout through our all, serve to quality partnerships it operational results, improvements underserved Medicaid tirelessly advance teams most the have communities compliance we the as and local across country. our worked deliver and
toward is is And challenging, mobilized discipline so healthier while us a has an the operating to that it nonetheless platform been stronger, from which creating redetermination process grow.
Turning rest of to the business. the
to perform during continued segment with line quarter. Medicare the expectations in Our
we reduce clinical Medicare strategically significant opportunity of important Advantage a Stars, remains we advance programs. platform expansion and to ahead, look pillar improve our for continue as SG&A As our margin and represents
XXXX ratings those potential enhancements. improvement released represent areas implication results to our These earlier on to this methodically delivering To financial ability demonstrate this Star month and execute margin journey our end, of for the forward a recovery. on effectively XXXX meaningful step with identify
performance anticipated in of with at we stars prior the higher-than-industry year elevated XX% During cycle, XX% members versus or changes. point X.X from our plans the above despite cut
our continued Our members. on operations represent core overall and strong Star quality focus results improvement for our in
focus we our with counties exited Advantage business Consistent states QX seniors while we what our as previewed in and on call, regions to franchise income footprint. lower X strengthening bids used and offerings Medicaid alignment tighten our the opportunity on XXXX existing further within our footprint. between our key and the an We Medicare
contract As to we a greater impact creating going our balanced this able forward. in across program enabling byproduct membership our contracts work, were and and more investments portfolio focus planned of our streamline
us billion. range $XX revenue for view of in to a Advantage These Medicare preliminary adjustments $XX XXXX the of billion position
year-over-year progress but our represents this As we business. path on shared to down have in breakeven previously, implies this membership
Within as significant in part revenue Act. and our for membership Medicare the potential Though Reduction Inflation Part sizable our in contribution more it adopted of owing with to preliminary business portfolio, result of positioning, well. will our product with D a view generate a changes as D pleased Part expect revenue year we we are is growth early, next significantly grow to XXXX,
serve In and dual-eligible more footprint platform advantage our light we long term provides as stabilize to remain members, we growth and expansion Centene's around compelling business. both of Medicare industry-leading make recent we opportunity policy changes focused turn margin the as look on a Medicare for this Medicaid that competitive
business in Marketplace XXXX. well our continues Finally, perform to
serve experience most recent our a in Our capitalize now results members. the more of as quarter in effectively on X.X decade than line with million were expectations we to
relative Open that will well XXXX, Looking well we targeted expectation to within to positioned but begin be not to is are of believe our our range Marketplace our to enrollment X% early able strategy. X.X%. another pretax we margins our for week, achieve will products
thought Marketplace by policy, by year implemented in July. demonstrated an CMS implementing leadership Centene market-wide in lock subsequently was our this which agent earlier record of
has during further cycle. pre-pandemic and CMS policy both this program controls enrollment era enrollment integrity line introduced on open In will in advocacy exchange Centene processes addition, that improve with
a book, quality but as on effect expect we These overall the growth XXXX. moderating member will well of types do in experience of they policies create improve the our market as
As modest. for a growth open year's result, enrollment marketplace remains our expectation this membership
exchanges, initiatives view as in group a Continued integrity commercial migration enrollment small of program affordability mid-single-digit macro access the as out and into market well growth enhancements to net XXXX. of expanding the
believe we and of can of affordable and more are base our to XX expand now a performance strong access platform powerful with for Americans care than that pleased million business serves market bipartisan Ultimately, individuals the health country. be coverage across a Marketplace the this
order improvements drive in year creation X as our progress value As we're but more opportunities of out and made, efficiencies even we with mine pleased we second business to our the see ahead close with we have pleased operational model. the continue we plan,
have This automate speak quarter, and optimize about, AI our some we of to the of advanced provider namely project work contracts. on you management me a use of heard
operations, within AI existing of amount well within provider our as agreements significant we of our required the new the for deploying associated contracts as installation By provider tens with reduce the manual of thousands portfolio. of can maintenance the labor
produce across Additionally, allow lever for considerably our an such advancing analytics as value-based important business. provider on initiatives stronger to will us performance, AI care
and Centene's diversified unprecedented to allow build navigate portfolio challenges future. us the for to landscape continues
kept Our the them, year's Advantage our Medicare team quality gains on Star built strengthening Medicare scores and last platform. from
expanding of support value deliver to our our power for Our teams our contracts ones, development growth the health better innovate And and we providers plan to platform and Marketplace opportunities for regulators. at we basics leading find compelling the defended existing to in the to continues a get our generating to won members members, how franchise. and earnings business reach individual show creating important up and new market. enterprise, continue and Medicaid and returns support in
and now an industry our for preparing election emerge. been have the leader thought that XX for Centene maintaining across again months the matter that for coverage post-election for With away, our November government affordability and is No of scenarios each well relations may teams I'll X, results many lines. days product as highlight on Americans product the positioned
it and of than teamers, and The improving is and of across Cen a momentum the is efforts time talent enterprise the XX,XXX result energy to direct their palpable, want we to committing showed more our and who communities members serve. by those fellow Helene employees this and To the Milton. were to I our up Hurricanes end, of recognize support impacted health this who
and colleagues Centene team support medicine including action, to hard-to-find supplies nonprofit other immediate communities to urgent opening homes efforts headquarters Cen their partners storm. took the financial Foundation deploy The and to needed North teams of in impacted Carolina the over-the-counter to coordinating in our much employees impacted key by shipments fellow states, and and Florida
Thank be our of members and You what you. each other Cen the went above and team. it beyond part to for means and showed
With it Drew. over to turn that, I'll
