Centene elevated to the CEO job Sarah London, the corporate’s vice chairman who has held know-how … [+]
Centene
Centene has promoted Sarah London, the corporate’s present board vice chair, to the job as Chief Govt Officer, succeeding the retiring Michael Neidorff, the health insurer announced Tuesday afternoon.
In asserting the 41-year-old London’s elevation to Centene’s prime job, the corporate described her as “on the forefront of innovation in healthcare . . . .advancing built-in, value-based care fashions via the event and utility of data-driven insights and know-how.”
London, who has been vice chairman of Centene’s board, has led the corporate’s know-how and digital technique whereas additionally operating the well being insurer’s well being care enterprises and specialty divisions, company technique, high quality operations, inner audit, compliance and danger administration, the corporate mentioned.
“Since Mr. Neidorff started a medical go away of absence in February 2022, she has been a member of the Workplace of the Chairman charged with operating the day-to-day administration of the Firm,” the announcement mentioned.
Centene, which sells an array of presidency backed medical insurance together with Obamacare, has been working for a lot of this 12 months on a everlasting successor to Neidorff, who in December introduced his plan to retire later this 12 months.
Neidorff, who’s 79 years outdated and has been Centene’s CEO since 1996, additionally took on a brand new position as government chairman till the top of 2022, the corporate introduced in December. And fewer than a month in the past, Centene mentioned Neidorff was taking a “medical go away of absence” to deal with what he known as a “treatable medical situation,” placing a number of executives together with London to work to fill the void left by Neidorff’s absence within the close to time period.
“Her strategic considering, contemporary perspective and various expertise make her the pure chief to harness the potential of Centene,” Centene’s Appearing Chairman, James Dallas mentioned in an announcement Tuesday afternoon. “Sarah has infused an modern mindset throughout the enterprise in her relentless effort to enhance Centene’s capabilities to offer the best high quality of take care of our members.”
London takes over an organization that could be a nationwide participant among the many largest names in medical insurance, notably in working with states to handle their Medicaid medical insurance for poor People and offering particular person protection beneath the Reasonably priced Care.
Underneath Neidorff, Centene has grown right into a nationwide healthcare large with revenues that eclipsed $126 billion in 2021 as extra People join Medicaid, the medical insurance for low earnings sufferers it manages by way of contracts with states and particular person protection beneath the ACA generally known as Obamacare hits report ranges. And Centene has expanded into the enterprise of Medicare Benefit, the privatized well being advantages myriad well being insurers provide senior by way of contract with the federal authorities.
“I’m honored and humbled to have been chosen as the following CEO of Centene and to work alongside extraordinary colleagues to offer high quality healthcare to over 26 million People,” London mentioned in an announcement.
“The healthcare panorama is quickly altering, and Centene’s mission – to rework the well being of our communities one member at a time – has by no means been extra related,” London added. “We’ve a singular alternative to empower our members, suppliers, and their communities on this transformation. Collectively, we are able to ship modern, built-in, and equitable care that meets our members the place they stay and exceeds their expectations. I am excited by the super alternative to leverage the dimensions and scale of this Firm to create true, sustaining worth for our members, state companions, workers and shareholders.”
