Data News > Post Market Movers: Centene and Health Net Expand Healthcare Services in Nevada and California

Post Market Movers: Centene and Health Net Expand Healthcare Services in Nevada and California

By KlickAnalytics Data Insights  |   April 10, 2025 08:09PM ET

Key Points

- Centene Corporation's subsidiary, SilverSummit Healthplan, has been awarded a Medicaid contract by the Nevada Department of Health and Human Services.
- The Nevada Medicaid managed care program will now include services in rural and frontier areas.
- Health Net and Centene Foundation have invested over $9 million to support California's physician workforce.
- The investment will address barriers to medical school and support the development of practicing physicians.
- The partnership aims to strengthen healthcare services and support the future of healthcare professionals.

Centene Corporation, a prominent healthcare organization dedicated to improving healthcare outcomes, has announced that its subsidiary, SilverSummit Healthplan, Inc., has been chosen to provide services for the Nevada Department of Health and Human Services' Medicaid managed care program. This marks a significant development as it expands Medicaid Managed Care to rural and frontier service areas, which were previously under a fee-for-service model.

In a move to bolster California's healthcare sector, Health Net and the Centene Foundation have collaborated to invest more than $9 million in initiatives aimed at enhancing the state's physician workforce. This strategic investment will address various barriers that hinder individuals from pursuing medical education, all the way from youth to college. Additionally, the funding will support the growth and advancement of current practicing physicians in the state.

The collaboration between Health Net and the Centene Foundation underscores a shared commitment to fostering the growth and development of healthcare services in both Nevada and California. By expanding access to Medicaid managed care in underserved areas and investing in the future of healthcare professionals, Centene and Health Net are playing a pivotal role in improving health outcomes and strengthening the healthcare infrastructure in these regions.

About CNC
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions and limited over-the-counter drugs, medical equipment, and behavioral health and abuse services. This segment also offers various individual, small group, and large group commercial healthcare products to employers and directly to members. The company's Specialty Services segment provides pharmacy benefits management services; nurse advice line and after-hours support services; vision and dental services, as well as staffing services to correctional systems and other government agencies; and services to Military Health System eligible beneficiaries. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

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