Centene Corporation is a leading multi-line healthcare enterprise that provides managed care programs and related services to individuals receiving benefits under Medicaid, including the State Children's Health Insurance Program (SCHIP), Supplemental Security Income (SSI) and Medicare (Special Needs Plans). The Company operates health plans in Georgia, Indiana, New Jersey, Ohio, South Carolina, Texas and Wisconsin. In addition, the Company contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, life and health management, long-term care, managed vision, nurse triage, pharmacy benefit management and treatment compliance.
Revenues for the year ended December 31, 2007, increased 48.8% to $2.9 billion. Operating cash flow was $202.2 million, and our balance sheet is strong with $659.2 million in cash and investments. Membership at year-end was 1,146,600.
The need for quality healthcare and broader coverage of the 47 million uninsured Americans (according to the U.S. Census Bureau) is a high priority for Centene. We will continue to serve all of our constituents with a firm commitment to provide cost-effective, high quality healthcare. As an industry leader, we are constantly seeking to identify solutions that can satisfy the demand at the state level to enable more individuals to receive health coverage. To learn more about Centene, please visit www.centene.com.
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