Business Editors/Healthcare Writers
ST. LOUIS--(BUSINESS WIRE)--Oct. 27, 2006--Centene Corporation
(NYSE: CNC) today announced that its Ohio subsidiary, Buckeye
Community Health Plan (Buckeye), has received notification from the
Ohio Department of Job & Family Services (ODJFS) affecting the
previously announced preliminary award of Medicaid Aged, Blind &
Disabled (ABD) contracts. On October 9, Buckeye was notified of a
preliminary award of ABD contracts for the four regions in which it
had submitted a bid.
In a notification sent to Buckeye, ODJFS had indicated that it had
identified "an extremely improbable information systems error," which
will result in three regions now being subject to new Request for
Applications (RFA). Two of the four regions previously awarded to
Buckeye (East Central/Akron and Southwest/Cincinnati) will now be
subject to this new RFA to be issued November 15. ODJFS will continue
on schedule with the implementation of the ABD Managed Care Program in
the five unaffected regions.
Buckeye has been further notified by ODJFS that in the absence of
any additional unforeseen circumstances, the impact of this new RFA
process will be a one-month delay in the completion of enrollment
activities for the overall ABD program. It is expected that, barring
any further complications, all Medicaid consumers eligible for ABD
managed care will be enrolled by the end of Fiscal Year 2007.
Buckeye is one of seven health plans that received notification to
manage healthcare for Medicaid ABD recipients in one or more of the
state's eight regions. As of September 30, Buckeye served 88,300
recipients under Ohio's Medicaid Covered Families and Children
Program. The ODJFS notification does not change Centene's previously
announced 2007 guidance.
The Company also noted that it maintains a strict policy with
respect to insider stock transactions for its senior executives. Any
and all such transactions are executed under pre-authorized 10b5-1
trading plans. Required documentation detailing any activity of this
nature will be filed per SEC requirements.
About Centene Corporation
Centene Corporation provides multi-line managed care programs and
related services to individuals receiving benefits under Medicaid,
including Supplemental Security Income (SSI), and the State Children's
Health Insurance Program (SCHIP). The Company operates health plans in
Georgia, Indiana, Kansas, Missouri, New Jersey, Ohio, Texas and
Wisconsin. In addition, the Company contracts with other healthcare
organizations to provide specialty services, including behavioral
health, disease management, managed vision, nurse triage, pharmacy
benefit management and treatment compliance. Information regarding
Centene is available via the Internet at www.centene.com.
About Buckeye Community Health Plan
About Buckeye Community Health Plan is a health maintenance
organization that has been providing services in Ohio
since 2004. Buckeye is a wholly-owned subsidiary of Centene
Corporation, a leading multi-line healthcare enterprise offering both
core Medicaid and specialty services. Information regarding Buckeye is
available via the Internet at www.bchpohio.com.
CONTACT: Centene Corporation
Lisa M. Wilson
Senior Vice President, Investor Relations, 212-759-3929
Robert J. Schenk, Vice President, Corporate Marketing and
SOURCE: Centene Corporation