8-KMaterial AgreementsExhibits & Filings

CENTENE CORP 8-K Report, Material Agreement (Jul 8, 2005)

Filed July 8, 2005For Securities:CNC

Summary

Centene Corporation filed an 8-K on July 8, 2005, to report on material definitive agreements entered into by its subsidiaries. Specifically, two key amendments to state-level managed care contracts were executed, impacting its Healthwave and Coordinated Care programs in Kansas and Indiana, respectively. These amendments, effective July 1, 2005, extend the contracts through June 30, 2006. They also involve adjustments to capitation rates and modifications to the scope of services and operational definitions. For investors, these contract renewals and rate adjustments are crucial as they directly influence Centene's revenue streams and operational stability within these state-specific Medicaid and Children's Health Insurance Program initiatives.

Key Highlights

  • 1Centene subsidiary FirstGuard Health Plan Kansas, Inc. amended its Kansas Healthwave contract for Title XIX and Title XXI programs.
  • 2The Kansas contract amendment extends the agreement through June 30, 2006, with an effective date of July 1, 2005.
  • 3Capitation rates and definitions of 'Medical Services' and 'Medical Services Not Included' were amended in the Kansas contract.
  • 4Centene subsidiary Coordinated Care Corporation Indiana, Inc. amended its contract with Indiana's Office of Medical Policy and Planning and Office of the Children’s Health Insurance Program.
  • 5The Indiana contract amendment also extends through June 30, 2006, effective July 1, 2005.
  • 6The Indiana amendment revises capitation rates, the 'scope of work', and the dispute resolution process.
  • 7Both amendments represent material definitive agreements, indicating continued state partnerships for managed care services.

Frequently Asked Questions

The amendments extend the contracts through June 30, 2006, and include changes to capitation rates, the definition of covered medical services, scope of work, and dispute resolution processes.

While the specific financial terms are not detailed in this filing, the amendments involve adjusted capitation rates, which will impact Centene's revenue and profitability from these state contracts. Investors should look for further details in subsequent financial reports or SEC filings.

These amendments indicate the renewal and continuation of important state-level managed care contracts with Kansas and Indiana, suggesting stability and ongoing business relationships with these government entities. This is generally positive for companies reliant on government programs.

Yes, the amendments are related to Title XIX (Medicaid) and Title XXI (Children's Health Insurance Program) capitated managed care services in Kansas and Indiana.