Centene Corporation (CNC) delivered impressive third-quarter results, exceeding analysts’ expectations on both revenue and earnings. The company attributed its success to strong growth in its commercial marketplace business, Medicaid rate increases, and operational efficiencies. Centene also reaffirmed its full-year earnings outlook and raised its revenue guidance, indicating a positive trajectory for the healthcare giant.
Elevance Health reported third-quarter revenues that beat expectations but missed on earnings per share guidance due to higher-than-anticipated medical expenses. The company’s stock plummeted as a result, and Evolent Health, which offers services to managed care organizations, also saw its stock decline. This news highlights the challenges faced by healthcare providers in navigating the complexities of Medicaid utilization and pricing.
