Stock is below when our activist investor bought it , lost contracts and appeals , and a CEO who fired all the executives who knew how to run this business - probably because they told her she didn’t know what she was doing . An English major who becomes an IT strategist overnight ? And instead of being a company that was successful supporting our members , communities and providers - we have a CEO and executive team making decisions based on how much they will gain financially. And if Centene sells to someone whose head has been in the sand, Sarah, Drew, Chris and team profit greatly. That is the end game - and states like New Mexico have wised up and don’t want to work with the New Centene. Sarah nobody wants you at Centene - please leave (or board members please lay her off) before everything is destroyed.
62 replies (most recent on top)
@OP You were right!!! Absolutely, Positively 100% correct!
Isn't that what Hedge Funds do? They sell off pieces and then su-k the well dry. Then, they might just sell to the highest bidder. My belief is that this has been in the plan all along. This is why they forced out Neidorff and several board members when the hedge fund guy came in. He's the one calling the shots, I guarantee it.
Yep I been with centene almost 7 years and was just laid off in august 2023 for reduction in force! Ever since Sarah came it’s been a sh-t show! I’m so upset
Keep in mind this is a managed care organization. They all su-k, including the non-profits. That said, a managed care organization would be best led by a clinician who has actually worked in delivering healthcare. This would result in us having a better product that members would actually like. But alas, we are owned by Blackrock and its not what they want. Just more profit
Those that are saying, oh Sarah inherited a mess from Michael, that is not accurate, if you see all videos from Michael when the acquisition of Magellan she was around, and as a good snake oil seller was the one saying that Centene had a great platform to acquire companies, most leaders in Centene knew she was wrong and had no business saying that, but since she seems to have at that moment Michael's ear no one said a thing. That woman with her twisted narratives and lack of understanding of what is running a healthcare enterprise has done and continued to do disastrous damage to Centene. All she is known before the big job to Centene was selling ideas at optum, none of them went anywhere , for obvious reasons , she was selling herself as tech person and everybody who understands technology knew she was just full of it. As a failure in optum she moved to Centene to sell Michael that Centene is a big start up, a tech company,though far from the truth some people believed her stupid narrative again, now Centene is in all kinds of troubles and coming to the realization that she is unqualified, she is not an operator, she can't make good decisions, she doesn't lead, she doesn't know how to run a business, I really hope the freaking stock price goes up, but I think as long as this id--t is there will continue to sink.
🤣🤣🤣 this company is such a big joke, I wonder if Drew and Sarah are just compulsive liers or they are just true id--ts and mediocre, of course STARS is a huge lever, they had a strong veteran executive in quality with a lot of initiatives and a great team just built getting traction to execute and rumors has it that in a clumsy, catastrophic way they dismantle all that and give it to a friend of Drew, a guy that everyone hates and has questionable knowledge in quality, STArs 3.5, never will happen, This is their nail in the coffin and a reality they will never be able to hide, they will never take off on that area, there have made it 5 times worse and they don't have the right person in place. All that juggling of buybacks stocks is pure manipulation, the fundamentals are broken and they know it.
Sarah is there to talk sh-t on a poetic manner, what has happened to Centene defeats logic , the hyper localism they talk about makes there more expensive, no clear path to competitive profitability, yes, you can sell the company in pieces and buy your stocks, but that's just a patch not a permanent fix, to it's core they are caving in , they just should not have had put that Sarah there ever.
Ever think she’s not here to fix, grow and build the company? I believe she’s here to clean things up so the company can be marketed and sold in pieces. The brand “Centene” is nothing. This makes it easier to break apart. You can’t sell something with so many underlying issues created by MFN.
So…you sell off assets. You reorganize and layoff to clean those pesky org charts. You start addressing redundancy in people, processes, and technology. Make that bottom line look better. You do all the things that a potential buyer will look at and believe would take too much energy and money to fix if they bought as-is.
And yes, you can do all of that without having a ton of healthcare, health plan, or other “expected” leadership experience because your job isn’t to be build a bigger better health plan.
The board knows what they are doing and they don’t need Sarah to be aware of their full intentions.
Let's be intellectually honest, all CEOs of all large healthcare company have at least , at the very least ran a health plan, this Sarah London hasn't done sh-t in her career, she was trying to sell "ideas" ( none of them successfully btw) through optum venture ,it is easy to realize she doesn't know sh-t about tech or data to start with, she doesn't have a background in tech either, this is the biggest fraud in healthcare I have ever seen, the worst blind is that one who doesn't want to see.
It is known some folks have gotten cushy jobs around the poet, the reality is that f you invested $100 in Centene 1year ago, you are worth$ 76, if you adjust that by inflation it is closer to $69, some revenue growth but profitability down, that means cost more than one dollar to generate one, so the marginal earnings are negative, the interesting thing is that from the operational point of view the poet doesn't have a background or command the respect and authority to make it better, on the contrary she makes it worse decision after decision,I think the word out among investors i the the clown of CEO there is no hope in a better organization, all they are doing now is firing people back and forth with the hope to show better numbers, unfortunately that will create more problems and some the few things that were going to bring long term earnings are now going backwards.yep, They should leave her there, at the end the scorpion dies with its own poison.
I hope Sarah never leaves. If for no other reason but to irritate the person who keeps posting ok every thread about her being a poet. Get over it, my friend. You’ll be gone (if you aren’t already).before she will.
Centene is the makes me laugh of healthcare. ... The place is a mess and with this clown of CEO there is more to come.....
Sarah is not only a bad leader but has poor judgement, she pushed out good people just because of " culture" , others have disappeared sort of silently who know for what reasons, the word is she doesn't know what do to do most days.
The poet is just there for the paycheck, she never was CEO material, she is just sort of ideator personality that is a bunch of talk but never accomplish sh-t.
Yep, she needs fired , sued, ban from working in healthcare ever again for grossly mismanagement Centene ,sent back to Boston to write sh---y essays with her mom to deceive admissions to get into Harvard.
They need to fire Sarah London, no vested stock no nothing, fired and sued for mismanagement of the company, she has screwed this company so badly .it will run much better without CEO than with someone like her.
That Sarah the poet as they call her is way too much into culture and DEI, this is anorganization in crisis, they need operators and they have got rid of them, so ... Not sure what is next Chapter of Centene, but not looking good.
First time heard that Sarah London talk was easy to realize this is just a good looking white girl that infatuated the old dudes from the board to choose her , just a talking head . She is not an operator or someone that get sh-t done, proven true. Centene is now the biggest joke in healthcare out there .She has dismantle that place and has made such a disastrous decisions around management that I doubt they can recover from it again.
There is no plan or strategy in this place.No matter how good you are no one is safe in this environment, everybody is playing the survival game.
Centene needs big changes from the top, the poet is the first needs out as of yesterday, then the chief comm officer and the chief people officer, those are parasite roles that don't add value at all and just are there to patronize people,. everyone is adult no need that sh-t, change leadership in Medicare, same old folks from Wellcare have been milking
that cow for almost 5 years , they had there chance and they are responsible for the Stars results and all problems in medicare. Need change as well
Yes, allegedly the completely real position of Chief Customer Experience Officer is open. No word if the definitely not made up role of Chief Digital Officer will be backfilled or not.
Stock trading at new lows below 62, there is no confidence in the CEO, there is no confidence in the just new " leaders " and changes being put in place, rating agencies downgrading the stock, no surprises. It will
have to wait until 2026 , so Sarah can deliver on her promise to give away the $1b, she just promised for diversity.
Is it true they got rid off Anika?
Centene is so much in need of a new CEO, someone level headed that can bring stability to the organization. Sarah London needs out yesterday.
Reorg and more reorg, pushing good leaders to give the job to some jerk from Wellcare that don't know the job, this place is going backwards, they need to get rid of Sarah and bring someone that has a clear plan, not this sh-----d that talks about hyper local but no one knows what it is in practical objective terms.
This place su-ks, they have this new Chief People officer, clearly she has been sniffing Sarah the poet a-s for a while to get that job, doing all kind of reorg and repositioning that makes no sense, what a train wreck is this company, perfect case study of a mismanaged company
The poet comments are because during a town hall or some stupid sh-t about her background she said she majored in poetry, moved to Hollywood then after 2 yrs came back to Boston. She’s one of these stupid fu----g DEI hires because, you know, hiring based off s-x and race is the fastest way to get the right people in place. Sc--w logic and hire the most qualified. Nah, Centene loves screwing us bottom feeders.
What’s with all these poet comments? It’s so bizarre LOL. It’s possible to be an executive and a poet at the same time. Is it code for something?
Regardless….this place is terrible.
Rumors has it she is on her way out, if you are not close to Drew or anyone of those vampires from Wellcare, you are in 😵💫. They are the ones ruining the place to start with.
Anyone know what happened to Sarah’s Chief Experience Officer Anika Gardenhire? Heard she’s gone or will be? Another publicity stunt?
The place gets worse by the minute ...
Don't be fool, that woman is the biggest scam in healthcare history, only number 2 to Elizabeth Holmes,they put her there for an image change, she can talk and repeat, but that's it. That's, there is huge money grab at the top, worse than ever been. Nobody would have arm wrestle Neidorf or anyone with a backbone in healthcare like they are doing with this id--t. Sorry to break it to some of but it won't get any better until you have someone with a backbone knowing what is doing, not just a bunch of mean frat girls playing games.
Sarah is just rich privileged girl that got lucky in life, she hasn't done sh-t for anything, Jim the COO did what you mentioned, she is just gossiping and firing people that are not her friends high school style, she doesn't have knowledge or background, technically a nobody, just a talking clown that likes only speaking on equality while she pockets $20 mill in comp at the expense of firing people, and putting families in a misery, Neidorf put St Louis in the map by adding a fortune 500 to a city that is in decay, she isdestroying what is left.
THANK YOU! I'm not in love with portions of what Sarah is doing, but let's NOT pretend it was glorious under Neirdorff. He leveraged Charlotte to hold St. Louis hostage. He continuously acquired to build a board that would further insulate him.
She's stuck unwinding a lot of his mess.
Oh stop with this silly nostalgia. MNF was as cut throat as they come. And was totally about the money.
Everyone acts like MNF wasn’t just hiding poor performance by acquiring plan after plan. Corp was a mess and couldn’t contribute to a plan’s success. They just kept going into debt to buy a new plan. Heath met , fidelis, wellcare, etc. MNF just kept your eye on a growing membership. It didn’t matter that if each of these plans had a downward membership trend.
Also I’m sick of these obvious bots on this site that say the same thing in every thread. If you mention she’s a poet, then you’re a bot. It’s that simple.
Yep, don't know the character, might be nice person, but it seems very clear to she has not clue and not business in the CEO sit, way to many disturbing things are happening under her watch..
I really like her.
I can't tell you that, they have one the shittiest hr you can possibly imagine, they for blood and money , little they know is that is backfiring big time, nobody cares is everyone for themselves which is a recipe for disaster
Well Sarah the poet said Centene was a $120 bill start up, the reality is that Centene is not an start up, it is a mature company that needs people that knows what they are doing to run it well, Centene is not an idea, a concept and experiment, it is a solid enterprise, they need a solid leader, not this sh-t show that is going on with Sarah and Drew.