Indiana selected four payers to manage a new long-term services and supports Medicaid program.
The program, Indiana Pathways for Aging, will provide support to Medicaid members over 60 to help them remain in their homes.
The estimated value of the contracts is $3.8 billion for each payer, the St. Louis Business Journal reported March 14.
Three payers — Centene, CareSource Indiana and MDWise — lost out in the contract award process.
Centene CEO Sarah London said the contract result was "certainly not what we were looking for" at Barclays Global Healthcare Conference on March 14.
"But I will say that the organization across all lines of business has an increased discipline around looking at where things don't always go the way we want them to and pulling out valuable lessons learned," Ms. London said.
A spokesperson for Centene told the St. Louis Business Journal the company is "exploring our options and potential next steps regarding the process."