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wellcare health plans inc (WCG) Snapshot

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wellcare health plans inc (WCG) Details

WellCare Health Plans, Inc. provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports programs for qualifying families who are not eligible for Medicaid. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons aged 65 and over, as well as some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare’s managed care alternative to the original Medicare program, which offers individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans that are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. The Medicare PDPs segment provides Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage, including a preferred pharmacy network. As of December 31, 2018, the company served approximately 5.5 million members in the United States. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

12,000 Employees
Last Reported Date: 02/12/19
Founded in 1985

wellcare health plans inc (WCG) Top Compensated Officers

CEO & Director
Total Annual Compensation: $4.2M
Executive VP & CFO
Total Annual Compensation: $1.7M
Executive Vice President of Medicare & Operat...
Total Annual Compensation: $1.4M
Executive Vice President of Medicaid
Total Annual Compensation: $1.4M
Executive Vice President of Clinical Services...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2018.
wellcare health plans inc
Centene Corporation Announces Appointments of Ken Burdick and Drew Asher to Executive Team of Combined Company Following Close of Wellcare Transaction

Centene Corporation announced that upon completion of the pending combination with WellCare Health Plans, Inc., Ken Burdick, currently Chief Executive Officer of WellCare, and Drew Asher, currently Executive Vice President and Chief Financial Officer of WellCare, will join Centene in executive leadership positions. Mr. Burdick and Mr. Asher will report directly to Michael F. Neidorff, Chairman, President and Chief Executive Officer of Centene. Mr. Burdick's employment agreement is for a two-year term. Ken was named CEO of WellCare Health Plans in January 2015. Drew was named senior vice president and chief financial officer in November 2014 and promoted to executive vice president and chief financial officer in September 2016.

WellCare Health Plans, Inc. Reaffirms Earnings Guidance for the Year 2019

WellCare Health Plans, Inc. reaffirmed earnings guidance for the year 2019. The guidance for the full year 2019 remains as of February 5, 2019.

WellCare Health Plans, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended 31 March 2019

WellCare Health Plans, Inc. announced unaudited consolidated earnings results for the first quarter ended 31 March 2019. For the quarter, the company reported, total Revenue was $6,762.2 million compared to $4,646.2 million a year ago. Income before income taxes and equity in losses of unconsolidated subsidiaries was $184.1 million compared to $161.2 million a year ago. Net income was $151.4 million compared to $101.7 million a year ago. Basic earnings per share was $3.02 compared to $2.28 a year ago. Diluted earnings per share was $2.98 compared to $2.25 a year ago.


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