Centene has promoted Sarah London, the corporate’s present board vice chair, to the job as Chief Government Officer, succeeding the retiring Michael Neidorff, the medical insurance introduced Tuesday afternoon.
London, who has been vice chairman of Centene’s board, has led the corporate’s “expertise and digital technique along with working the Well being Care Enterprises and Specialty divisions, Company Technique, High quality Operations, Inner Audit, Compliance and Danger Administration,” the corporate mentioned in saying her promotion.
“Since Mr. Neidorff started a medical depart of absence in February 2022, she has been a member of the Workplace of the Chairman charged with working 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 previous and has been Centene’s CEO since 1996, additionally took on a brand new function as govt chairman till the tip of 2022, the corporate introduced in December. And fewer than a month in the past, Centene mentioned Neidorff was taking a “medical depart of absence” to handle 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 pondering, recent perspective and numerous expertise make her the pure chief to harness the potential of Centene,” Centene’s Performing Chairman, James Dallas mentioned in a press release 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 look after our members.”
London takes over an organization that may be a nationwide participant among the many largest names in medical insurance, significantly in working with states to handle their Medicaid medical insurance for poor Individuals and particular person protection underneath the Inexpensive Care Act often known as Obamacare.
Below Neidorff, Centene has grown right into a nationwide healthcare big with revenues that eclipsed $126 billion in 2021 as extra Individuals join Medicaid, the medical insurance for low revenue sufferers it manages through contracts with states and particular person protection underneath the Inexpensive Care Act often 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 supply senior through contract with the federal authorities.