March 22 (Reuters) - U.S health insurer Centene Corp CNC.N on Tuesday named Vice Chairman Sarah London as its new chief executive officer, effective immediately. Centene predicts big losses during Medicaid redeterminations Mari Devereaux Kris Tripplaar/Sipa USA Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination. Prior to Centene, she was an Operating Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Prior to joining Humedica, Ms. London was part of the team that launched Accretive Health's Quality & Total Cost of Care business, providing end-to-end population health strategy and operational consulting to leading medical centers around the country. 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And less than a month ago, Centene said Neidorff was taking a medical leave of absence to address what he called a treatable medical condition, putting several executives including London to work to fill the void left by Neidorffs absence. Michael built one of the great success stories in American business, and his commitment to providing affordable, high-quality healthcare to our fellow citizens will remain a bedrock of this Company going forward," said Ms. London. Sarah M. London. Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. Charlotte Ledger. But how CEO Sarah London decides to move the company. Sarah London, vice chairman of the board of directors at Centene (NYSE: CNC), has accepted additional responsibilities as CEO of the St. Louis-based health insurer. Gender Female. Biography. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. London takes over a company that is a national player among the biggest names in health insurance, particularly in working with states to manage their Medicaid health insurance for poor Americans and providing individual coverage under the Affordable Care Act. London, who became. Ms. London began her healthcare career at Health Leads, a nationally-recognized social enterprise that partners with healthcare organizations to address social determinants of health by connecting patients to the community-based resources needed to support high-quality, cost-effective health outcomes. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A. She graduated from the school with a bachelors degree in literature in 2002. Sarah London, Centene CEO, joins 'Power Lunch' to discuss disruptions in the Medicaid market, collaboration between Centene and state agencies and data driven decision-making to improve. Sarah London received her BA in Biology and Psychology from Middlebury College and her PhD in Neuroscience from UCLA. Michael Neidorff made it on to this list in 2017 in 17th position. Ms. London joined Centene in 2020 as Senior Vice President of Technology Innovation and Modernization, overseeing the companys enterprise-wide technology strategy with a focus on next-generation products and services. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. She started in data analytics at Optum and later was a partner in its venture capital arm. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. -, Health Net Providing Special Assistance to Members Affected by Winter Storms, Centene to present at barclays 2023 global healthcare conference, Mizuho Securities Adjusts Centene Price Target to $80 From $92, Maintains Neutral Rating. Ms. London received a Bachelor of Arts in history and literature from Harvard College and a Master of Business Administration from the University of Chicago Booth School of Business. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene," said James Dallas, Acting Chairman of Centene. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Health insurer Centene names Sarah London as new CEO . The average Centene Corporation executive compensation is $233,970 a year. . Published Mar 22, 2022 < 1 minute read. $110k $170k $233k $375k Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and in her management role was responsible for a portfolio of companies independent of Centene's health plans, designing differentiated platform capabilities, and delivering industry-leading products and services to third-party customers. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. . Chief Financial Officer. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Women represent 76% of our employees and 65% of employees in supervisory positions. From September 2011 to June 2016, he served as the Company's Senior Vice President, Business Development. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and . Effective September 7, 2021, the Board of Directors (the "Board") of Centene Corporation (the "Company") elected Sarah M. London as Vice Chairman of the Board of Directors of Centene Corporation and Brent D. Layton as the Company's President and Chief Operating Officer. Neidorff . I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. I'm excited by the tremendous opportunity to leverage the size and scale of this Company to create true, sustaining value for our members, state partners, employees and shareholders.". When typing in this field, a list of search results will appear and be automatically updated as you type. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. All proxy statements are public filings made available to the general public by the SEC. Ken Fasola. Ms. London previously served as Vice President of Client Services & Operations with Humedica, a venture-backed healthcare data and analytics company acquired by Optum in 2013. St. L. Link Centene website Since our founding as a single healthcare plan in 1984, Centene is focused on improving the health of the communities we serve. "Sarah has infused an innovative mindset across the enterprise in her relentless effort to improve Centene's capabilities to provide the highest quality of care for our members. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on under-insured and uninsured individuals to more than 26 million Americans. [40] The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Biography. Object Shot Down Over Canada in Escalating Aerial Drama. The health of individuals drives our focus on the environment, removing social barriers to health, and . This list of important factors is not intended to be exhaustive. Schwaneke will report to Sarah London, President, Health Care Enterprises and Executive Vice President, Advanced Technology, HealthCare Enterprises. You may also find the annual proxy statement by going directly to the company's website. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Sarah London Work Experience and Education. Drew Asher. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. UnitedHealths Optum unit acquired Humedica in 2013. Ms. London previously served as the Company's Senior Vice President of Technology Innovation and Modernization, responsible for enterprise-wide technology strategy and execution with a focus on next-generation products and services. Coronavirus Tips Working and Protection. Cigna fell less than 0.3% to close at $234.02, giving. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. While at Optum Ventures, she oversaw investments in companies such as IDx, a startup that uses artificial intelligence to detect diabetic retinopathy, and Apervita, a health care quality data company. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. Ms. London has spent her career at the forefront of innovation in healthcare. Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data. -Flexible schedules -Paid holidays including a floater to accommodate cultural differences -Compensation overall is okay -No meeting black out days to give focus days to get things done -CEO Sarah London is extremely smart, progressive, forward thinking leader -Potential of 14 week paid maternity leave -Earned time -Front loaded sick time. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. In her management role, Ms. London led the Company's technology and digital strategy in addition to running the Health Care Enterprises and Specialty divisions, Corporate Strategy, Quality Operations, Internal Audit, Compliance and Risk Management. Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. Chief Operating Officer. According to ZoomInfo records, Sarah London's professional experience began in 2012. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; The company will report its 2022 first quarter earnings on April. Centenes mission to transform the health of our communities one member at a time has never been more relevant, London said in a statement. ST. LOUIS, March 22, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that Sarah London, Vice Chairman of Centene, has been appointed Chief Executive Officer, effective. Cision Distribution 888-776-0942 Associate Professor . All forward-looking statements included in this press release are based on information available to us on the date hereof. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States . Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Ms. London has spent her career at the intersection of health data, technology, and the transformation of value-based care for vulnerable Americans with the greatest needs. Listen to free podcasts to get the info you need to solve business challenges! Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. March 22 (Reuters) - U.S. health insurer Centene Corp CNC.N on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. Centene.com uses cookies. The most active insiders traders include Michael F Neidorff, Frederick H Eppinger, and Edward L Cahill. I'm excited by the tremendous opportunity to leverage the size and scale of this Company to create true, sustaining value for our members, state partners, employees and shareholders.". Neidorff remains on a previously announced medical leave of absence from his position on the board of the company. Centene now provides or administers health coverage for about 26 million people. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. And for those of us who are survivors of US health plans, top payer Centene, after 25 years of one man at the top, now has a new CEO, effective immediately. I'm thrilled to be part of this management team, and I firmly believe in the potential of this Company to continue its remarkable history of accomplishment within the healthcare industry.". Spencer Stuart. Since her appointment to lead the company in 2022, she has focused on developing a culture of transformation, implementing artificial intelligence and machine learning solutions to better improve health and quality of life for Centenes members. As the Uvalde community recovers from a tragic shooting, Superior HealthPlan is developing a new community center to serve as a resource for the region. Health insurer Centene names Sarah London as new CEO Back to video. London succeeds Michael Neidorff, who went on medical leave late last month, the company said. Prior to being appointed Chief Executive Officer in 2022, she served as Centene's Vice Chairman, responsible for strategy, technology, pharmacy. "I am honored and humbled to have been selected as the next CEO of Centene and to work alongside extraordinary colleagues to provide quality healthcare to over 26 million Americans," London said in a statement. Neidorff, who is 79 years old and has been Centenes CEO since 1996, also took on a new role as executive chairman until the end of 2022, the company announced in December. Centene Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on under-insured and uninsured individuals to more than 26 million Americans. CENTENE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. "I also want to thank Michael Neidorff, Centene's visionary leader for more than 25 years. In announcing the 41-year-old Londons elevation to Centenes top job, the company described her as at the forefront of innovation in healthcare . Sarah London Age : 42 Public asset : 24,128,130 USD Country of residence : Unknown Linked companies : Centene Corporation Biography of Sarah London Presently, Sarah London is President-Health Care Enterprises at Centene Corp. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). CENTENE IS COMMITTED TO CORPORATE SUSTAINABILITY . The board of Centene has picked Sarah London an executive with roots in venture capital and talent. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Will His AI Plans Be Any Different? U.S. health insurer Centene Corp on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. Biography. I'm thrilled to be part of this management team, and I firmly believe in the potential of this Company to continue its remarkable history of accomplishment within the healthcare industry.". All content is posted anonymously by employees working at Centene. It has $125 billion in annual revenue, and it ranks 26th in the United States in terms of revenue. Net income dropped 26% to $1.3 billion. London started at Optum as the chief product officer at Optum Analytics. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. I have been consistently impressed by Sarahs passion to serve our members, who are often the most vulnerable amongst us.. All forward-looking statements included in this press release are based on information available to us on the date hereof. Musk Made a Mess at Twitter. Centene Profile and History . Prior to joining Humedica, Ms. London was part of the team that launched Accretive Health's Quality & Total Cost of Care business, providing end-to-end population health strategy and operational consulting to leading medical centers around the country. The board of Centene has picked Sarah London an executive with roots in venture capital and talent management to succeed Michael Neidorff as the companys CEO. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. She said about her new role that the health care landscape is changing rapidly. She replaces Michael Neidorff, who took a medical leave of absence in February 2022. . You may opt-out by. Subscriber only . Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. She started in data analytics at Optum and later was a partner in its venture capital arm. Prior to being appointed CEO in 2022, she served as Centenes Vice Chairman, responsible for strategy, technology, pharmacy services, enterprise compliance and quality, as well as for Centenes portfolio of independent, non-health plan companies. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. He is One of the Top 20 Business People. is attached hereto as Exhibit 99.1 and incorporated herein by reference. VP of Advanced Technology & Vice Chairman of Centene since . Michael built one of the great success stories in American business, and his commitment to providing affordable, high-quality healthcare to our fellow citizens will remain a bedrock of this Company going forward," said Ms. London. Centene elevated to the CEO job Sarah London, the company's vice chairman who has held technology [+] and strategy roles with the health insurer, the company said March 22, 2022. Centene CEO Sarah London joined CNBC 's Power Lunch with Bertha Coombs to discuss Centene's local approach as a differentiator, its data-driven strategies to enhance health outcomes, and. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. Centene Centene has promoted Sarah London, the health insurance company's current board vice chair, to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the. All rights reserved. and strategy roles with the health insurer, the company said March 22, 2022. Centene has promoted Sarah London, the health insurance companys current board vice chair, to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the company said Tuesday afternoon. 396 Ratings. The information shown here is a reporting of information included in the company's proxy statement. In her management role, Ms. London led the Company's technology and digital strategy in addition to running the Health Care Enterprises and Specialty divisions, Corporate Strategy, Quality Operations, Internal Audit, Compliance and Risk Management. "The healthcare landscape is rapidly changing, and Centene's mission to transform the health of our communities one member at a time has never been more relevant. 831 salaries for 310 jobs at Centene in Santa Fe, TX. Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. Clayton-based Centene Corp. has appointed its vice board chair Sarah London as its new CEO. 5.0 . Prior to Optum Ventures, Ms. London served as Chief Product Officer for Optum Analytics, the business unit responsible for driving strategy and commercialization of Optum's integrated data and analytics solutions into the provider, payer and life sciences markets.
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