8-KOther EventsExhibits & Filings

CENTENE CORP 8-K Report, Corporate Update (Oct 3, 2005)

Filed October 3, 2005For Securities:CNC

Summary

Centene Corporation (CNC) filed a Form 8-K on October 3, 2005, reporting on an event that occurred on September 28, 2005. The company made a presentation titled "Contracting & IBNR Accounting 101." A transcript of this presentation has been included as an exhibit to the filing. While the filing does not contain new financial results or material business updates, it indicates the company is providing educational content related to its accounting practices, specifically concerning contracting and Incurred But Not Reported (IBNR) liabilities. Investors interested in understanding Centene's financial reporting mechanisms, particularly how it accounts for future claims, may find the included transcript valuable. This filing is procedural and serves to make the presentation materials publicly available. The core information investors should glean is that Centene is proactively addressing and clarifying its accounting methodologies. The focus on IBNR accounting suggests a commitment to transparency regarding how the company manages its financial obligations related to healthcare claims, a critical aspect for any managed care provider.

Key Highlights

  • 1Centene Corporation filed an 8-K on October 3, 2005, related to an event on September 28, 2005.
  • 2The primary event reported is a presentation titled "Contracting & IBNR Accounting 101."
  • 3A transcript of the presentation has been filed as Exhibit 99.1.
  • 4The filing does not disclose new financial results or significant business developments.
  • 5The presentation focuses on accounting principles related to contracting and Incurred But Not Reported (IBNR) liabilities.
  • 6This filing serves to make the presentation's content publicly accessible.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the materials from a presentation given by Centene Corporation on September 28, 2005, titled "Contracting & IBNR Accounting 101." A transcript of this presentation is included as an exhibit.

No, this filing does not contain any new financial results, earnings updates, or forward-looking guidance. It is primarily informational regarding an educational presentation on accounting topics.

IBNR stands for Incurred But Not Reported. In the context of a healthcare company like Centene, IBNR accounting refers to the process of estimating and setting aside funds for healthcare claims that have been incurred by members but have not yet been reported to the company by providers. This is a crucial accounting estimate for managed care organizations.

Investors, financial analysts, and stakeholders who are interested in understanding the specific accounting methodologies and financial estimations Centene Corporation uses, particularly concerning its liabilities for future healthcare claims, would find this transcript most useful.