These folks starting with Sarah and ending with Drew are the greatest bullsh-tters in the history of healthcare, all that much verbose to admit in a summary, they are shrinking in 2024 big time in Medicaid and medicare " strategically " oh well, not better words to say they are the pit, so much bullsh-t talked about the quality improvement this year but nothing mentioned about the dirty game they did with changed leadership in that area since around mid year and everything is going repulsively backwards with not clear path to recovery, taking credit for what others did and not saying a word about the sh-t show they created, it will bite them all in the a-s, more gloating on divesting business which is selling the company in pieces to buy back more stocks hoping to grow marketplace , the only growing area ,when the business sold with proper management could have added more profitability than the exchange growth which is not a much profitable segment btw, the math does not add up, it is all about more stock buy backs t to surge it's price short term to increase their pocket book before the ship sink end of 2024 where all the lies shatter. What a robbery to investors , to employees that are being laid off on the excuse of right sizing a business and overworked to death the ones are left, what a bunch of white collars thief.
6 replies (most recent on top)
They fired people in Centene without even knowing that some of those people were bringing revenue, that is how badly ran is this company, Drew the dwarf only thinks about cost cutting, what about increasing revenue at a lower cost and become more profitable, they don't understand the business neither know what they are doing .
They are making everything worse in quality
London & Drew will keep the layoffs coming to make up for the lack of revenue from Medicare due to horrible STARS which accounts for Billions in loss revenue! Its all being run by a private equity investor Quentin Koffey of Politan Capital!! All PE wants to do is fire and put the money into their pockets!! There will be no platform modernization, no member care programs, no growth -- just pain, austerity measures, and more pain!!! buckle-up!!
Another issue with moving the work overseas is test quality suffers. When the work went to the Results Team overseas the quality tanked and the providers complained. When that happens the Plan gets fewer physicians willing to accept the Plan…the Plan will decrease in membership and States won’t renew their contracts. Finally, when that happens, the Executive team will blame the Individual contributors and people leaders for the low quality scores -and start the layoff processes once again.
Weird how profits go up hill but blame always seems to go down hill.
This whole company is a farce. They will drop as much Medicaid as they can because let's face it - Medicaid is cr-p. It pays pennies and providers stop accepting to take it. Also they can't outsource Medicaid overseas because its federal (so I hear). Marketplace on the other hand they can and have already been outsourcing overseas. At least in claims operations the rumor is that they plan on shipping as much of the workload off shore as possible. They have already reduced CA Marketplace USA employees substantially. They absolutely do not care about the american people that work for them. To be fair they don't care about the people off shore either. They don't have to hire them perm because they are mostly contractors and they are cheaper labor. No offense to any of those people either just trying to feed their families no matter what country they are in.
Spot on