We all know that Centene is in serious trouble right now. Is there any government sponsered Healthcare company that is doing well? Heck, and I guess I should also ask how well are the commercial Healthcare companies doing? Are the commercial ones... — read more
Centene downgraded by Bank of America
To Underperform. Target price $30. Cited BBB passage. Eagerly awaiting turnaround plan from our fearless leader Sarah. You got this, girl boss. Right? Right?? Sarah???
Centene Stock Now Below $30 Pre-market
Centene stock is now below $30 in pre-market trading and there is no indication it is moving up.
I’m almost relieved the great MFN isn’t around to see what happened to his company.
I know it’s only a company, but I was watching Jim Cramer on his show the other day and he got a little emotional talking about Michael. If you ever had the pleasure of watching his segments with Michael, you could tell Jim had a fondness for him and... — read more
Direct Pay HealthCare System
I have been working in this industry for a few years now. Do you think we will ever live in a world without insurance and have a Direct Pay HealthCare System? Fundamentally, I find myself preferring a direct model over traditional insurance based... — read more
I think the only question remaining regarding layoffs is how many and when
No way we survive in the current structure. The subsidies will not be renewed. So I would think Ambetter gets hit first and hard starting 2026. Medicaid will be more of a state by state effect and will come later in 2026 and early 2027.
Sarah London where are you? We want answers!
Sarah London needs to step up to the plate as CEO and explain why Centene is imploding!!!
I applied for a job and got an automated rejection!
I'm just here to say ha, ha, ha!!!!! This company is toast!
Class action lawsuits filed all weekend
All weekend law firms have been bringing forward class action lawsuits against Centene for allegedly committing fraud against investors due to pulled guidance reports. Things are not looking good for the company.
Stock price hasn’t been this low since 2017.
And we are in the middle of a bull run. What else can be said? A disaster.
Why is everything so complicated here?
Every task feels like navigating a maze someone built while blindfolded. Documentation is outdated, handoffs are messy, and nobody owns anything end-to-end. I’ve been here over a year and still hit roadblocks daily. And no one seems interested in... — read more
Risk Adjustment
Centene will receive $786 million in Risk-Adjusted Payments for Exchange Participation. Thoughts?
ESPP stock purchasing plan. Convenient Timing.
So if you are enrolled in the Centene ESPP stock purchasing plan, our most recent purchase was done on July 7, after the stocks tanked. But it goes off of the price on June 30. Pretty convenient timing to announce something that tanks stocks right... — read more
AI
Curious if anyone knows how far along AI implementation is here? Seems like this would be a good time to hit the gas on this to reduce costs.
Misery loves company, so hello Molina
Looks like it’s there turn to be shredded. I’m starting to think the entire sector is rapidly sinking.
BBB
BBB just passed. We are cooked.
I'm so done
After seeing how Centene treats loyal employees, I’ve lost all motivation. Using work hours to job hunt and upskill. No point giving effort to a company that’ll discard you without a thought.
The stock is going down, and we all know what comes next
And mind you, the Horrible Bill will only add to the misery. Things were already bad, and the BHB is just making it worse. People talk about bonuses and raises, but honestly, we should be lucky just to keep our jobs. Not that I’d call it luck... — read more
Why do we need so many org changes?
What has improved since they started implementing them every six months? Are they anything but an excuse to get rid of more people?
Centene stock price just tanked
What just happened? Down 24% after hours doesn’t seem like a good sign for the company. Is this due to big horrible bill being passed in the senate or what?
Any rumors about layoffs?
Is it wrong that I’m actually hoping to be laid off, even with the job market the way it is?
You are never truly safe
Two weeks ago the Appeals dept was notified TWICE in one week!!! The first time was with the entire dept letting them know that ONLY Medicaid appeals was going to be outsourced thru a vendor who has staff in the Philippines and India in early 2026... — read more
UnitedHealth - back in office 4 days/week!
UnitedHealth’s new CEO is moving away from remote and hybrid work. Hopefully Centene doesn’t follow their lead. Will you quit or take significantly less money to avoid any sort of in-office requirement? ... — read more
Town Hall
looks like $20.4M doesn’t buy jeans without frayed cuffs!
Please stop saying layoffs were a good thing
Some of you were lucky, but my former coworker and a good friend was laid off last year and is still looking for a new job. He’s not doing anything wrong. He’s competent, knowledgeable, and hardworking, but he just hasn’t had any luck. He’s changed... — read more
Centene sued for wrongful membership death Arizona
Centene sued over alleged ghost network following member’s death. When Member’s can’t receive mental healthcare due to ghost networks. Horrible.
Layoff was the best thing ever….
Just joining the growing list of former Centene employees coming back to say, being laid off was literally the best thing ever for me. After 4 months of being unemployed, I have a job where I am appreciated and valued for my contributions. I enjoy... — read more
New CSO announcement
The new Chief Strategy Officer has been announced. I’ve had the pleasure (sarcasm) of working with the Chief Reactionary Office for many years. A lot of people were happy when Big Red left. I am included in this group. While she presents well... — read more
Centene stocks on the top 10 WORST performers... looks like they need to be on a PIP
https://finance.yahoo.com/news/why-centene-corporation-cnc-declined-044653779.html
POs and BTS
Some of the POs are causing problems because apparently they think business and operations don’t know what we’re talking about. You just have your weekly meetings and tell us what dev said and act like you did something when you send out your notes... — read more
How many were let go? Is more coming?
Do you guys know how many people have been let-go and is there more coming in months to come?
GA, SC, NC, KY
All Captive W2 agents fired today!
May 1 St Louis Reduction In Force
Heard reduction in force may 1 Any details ?
Layoffs over the last month?
Heard a rumor folks and contractors have been laid off over the last month? Is it true and do we know what areas?
TX and FL
Heard from a former colleague that FL will no longer be a part of shared services not long after the TX announcement. Anyone has any theories or inside intel of whats coming?