Last $76.55 USD
Change Today +0.04 / 0.05%
Volume 364.6K
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As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

8735 Henderson Road

Renaissance One

Tampa, FL 33634

United States

Phone: 813-290-6200

Fax:

WellCare Health Plans, Inc. provides managed care services to government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The company offers various managed care health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans (PDPs). As of December 31, 2013, the company served approximately 2.8 million members in 49 states and the District of Columbia. As of December 31, 2013, it operated Medicaid health plans in Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New York and South Carolina. In addition, the company offered MA coordinated care plans (CCPs) in certain counties in Arizona, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Missouri, New Jersey, New York, Ohio and Texas. As of December 31, 2013, the company’s Medicare plans are offered under the WellCare name, for which it held a federal trademark registration, with the exception of its Hawaii CCP, California CCP, and Arizona CCP, which it offers under the names 'Ohana, Easy Choice and Desert Canyon Community Care, respectively. For its Medicaid plans, it offers various brand names depending on the state, consisting of the Staywell and HealthEase brand names in Florida, the 'Ohana brand name in Hawaii, the Harmony brand name in Illinois, the Missouri Care brand name in Missouri and the WellCare brand name in Georgia, Kentucky, New Jersey, New York and South Carolina. Strategy Aligned with the company’s business strategy are long-term business priorities, including improve health care quality and access; deliver prudent, profitable growth; and achieve service excellence. Product Segments The company’s operations are conducted in three business segments: Medicaid, Medicare Advantage (MA), and PDPs. Medicaid This segment includes plans for beneficiaries of temporary assistance for needy families, supplemental security income, aged blind and disabled and other state-based programs that are not part of the Medicaid program, such as Children's Health Insurance Program and Managed Long-Term Care programs. For purposes of its Medicaid segment, the company defines its customer as the state and related governmental agencies that have common control over the contracts under which it operates in that particular state. As of January 2014, the company’s Florida Medicaid program is the only Medicaid plan serving every county in the state. In 2013, the company acquired UnitedHealth Group Incorporated's Medicaid business in South Carolina. The company also acquired WellCare of South Carolina, Inc. As of December 31, 2013, WellCare of South Carolina, Inc. served approximately 50,000 Medicaid members in 39 of the state’s 46 counties, including the Columbia and Greenville metropolitan areas, through the South Carolina Healthy Connections Choices program. WellCare of South Carolina, Inc. has a network that includes approximately 30 hospitals, 1,800 primary care physicians, and 2,000 specialists. In February 2014, the company entered into a contract with the Florida Agency for Health Care Administration (AHCA) to provide managed care services to Medicaid recipients in 8 of the state’s 11 regions as part of the state’s Managed Medical Assistance program. These regions include the Jacksonville, Miami, Orlando, Tallahassee and Tampa metropolitan areas. During 2013, the company is approved by the South Carolina Department of Health and Human Services (SCDHHS) to offer Medicaid in six additional counties in the state, effective January 1, 2014. With this approval, the company would provide Medicaid services in 45 out of 46 counties in South Carolina. Also, approximately 16,000 members from Carolina Medical Homes (CMH) transitioned to it in January 2014 as a result of changes SCDHHS made to its Healthy Connections Choices Medicaid managed care program and WellCare's purchase of certain assets from CMH in 2014. The company offers Medicaid managed care in Essex, Hudson, Middlesex, Passaic and Union counties in New Jersey. The Medicaid programs and services the company offers to its members vary by state and county and are designed to serve its const

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