Business & Finance
Centene Corporation reports 37% increase in revenues
Published in Aging and Elder Health Week, May 28th, 2006
First Quarter Highlights:
- Revenues of $455.1 million, a 37% increase.
- A 70 basis point increase in sequential quarter health benefits ratio (HBR) in the Medicaid and SCHIP category, primarily due to pharmacy costs in Indiana.
- Earnings from operations of $12.6 million.
- Earnings per diluted share of $0.20.
- Membership growth of 12.5%.
- Operating cash flows of $9.3 million.
- Days in claims payable of 43.0.
-...
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