A top Centene executive plans to retire next year, and the company is divesting its non-core businesses.
Here are eight updates about the St. Louis-based payer Becker's has reported since May 16.
- Centene former president of healthcare enterprises and provider strategy initiatives, Rajiv Patel, MD, was named CEO of Bluestone Physician Services, an on-site primary care provider for assisted living communities.
- Centene completed the sale of artificial intelligence platform Apixio to the private equity firm New Mountain Capital.
- Centene CEO Sarah London said technology and artificial intelligence could bring positive changes to the healthcare industry in the coming years.
- Since taking over the role in March 2022, Ms. London has overseen the divestiture of several non-core businesses. Ms. London told Fortune that the businesses that have been sold were keeping Centene from "really focusing and being as efficient as we could."
- Oklahoma awarded three payers its first Medicaid managed care contracts, including Centene subsidiary Oklahoma Complete Health.
- Centene named Shannon Susko as senior vice president and chief communications officer. Most recently, she served as managing director and co-head of strategic situations and investor relations and head of healthcare at Edelman Smithfield.
- James Murray, Centene's chief operating officer, is retiring in 2024, according to documents filed with the Securities and Exchange Commission.
- Centene listed a 68-acre, 517,000-square-foot corporate campus for sublease in Sacramento, Calif.
- Centene added more than 1 million commercial members in the first quarter of 2023.
- Centene had the most Medicaid members of any major payer in the first quarter of 2023.
- Centene shareholders rejected a pair of proposals that took aim at executive pay. Both proposals were shareholder-submitted. One would have tied pay to maternal morbidity metrics. The other would have given shareholders more input on how much senior managers are paid when they leave the company.