Health Net Invests $10 Million to Expand Community Care Campus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: PRnewswire
- Investment Commitment: Health Net announced a $10 million investment in Encompass Housing and National Health Care and Housing Advisors to support the expansion of the Long Beach Community Care Campus, aimed at improving health outcomes and housing stability for the homeless.
- Facility Upgrades: The funding will finance the demolition and renovation of 5,000 square feet of the facility to enhance recovery services for children and families, ensuring compliance with CalAIM and emergency medical service requirements, thereby increasing service capacity.
- Community Impact: The expanded Community Care Campus is expected to provide timely medical and rehabilitation services to thousands annually, helping individuals maintain health and avoid crises, reflecting Health Net's proactive role in addressing homelessness.
- Long-term Strategy: This project employs a mixed financing model, leveraging reimbursements from Medi-Cal and Medicare to ensure year-round community service delivery, showcasing Health Net's long-term commitment to enhancing community health and housing stability.
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Analyst Views on CNC
Wall Street analysts forecast CNC stock price to fall
15 Analyst Rating
5 Buy
8 Hold
2 Sell
Hold
Current: 60.640
Low
32.00
Averages
43.07
High
59.00
Current: 60.640
Low
32.00
Averages
43.07
High
59.00
About CNC
Centene Corporation is a healthcare company. It provides access to quality healthcare; programs and a range of health solutions that help families and individuals get well. Its segments include Medicaid, Medicare, Commercial and Other. The Medicaid segment includes the Temporary Assistance for Needy Families (TANF) program, Medicaid Expansion programs, the Aged, Blind or Disabled (ABD) program, the Children's Health Insurance Program (CHIP), Long-Term Services and Supports (LTSS), Foster Care, Medicare-Medicaid Plans (MMP), which cover beneficiaries who are dually eligible for Medicaid and Medicare and other state-based programs. The Medicare segment includes Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans and Medicare Prescription Drug Plans. The Commercial segment includes the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Community Collaboration: Self-Help Enterprises plans to partner with service providers and community organizations to ensure future residents have access to necessary care and support services, further enhancing overall well-being and quality of life for residents.
- Long-term Commitment: Since 2020, Health Net has committed $93 million to housing and homelessness initiatives across California, with the Morris Village project representing a continuation of its efforts to provide long-term stability and improved health outcomes for the most vulnerable communities.
See More
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- Long-term Investment Commitment: Since 2020, Health Net has invested $93 million in housing and homelessness assistance initiatives across California, with Morris Village being part of this ongoing commitment to improve health outcomes in communities by providing stable housing.
See More
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- Health and Community Development: Health Net's investment not only addresses housing issues but also aims to improve residents' physical and mental health by providing a stable living environment, promoting overall community resilience and development, reflecting the company's commitment to social responsibility.
- Long-term Commitment: Since 2020, Health Net has committed $93 million to housing and homelessness initiatives in California, with the Morris Village project being part of its ongoing efforts to provide long-term stability and improved health outcomes for the most vulnerable communities.
See More
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- Funding Structure: The program will allocate funds through two tiers designed to support both direct workforce services and broader regional coordination, requiring selected partners to serve a minimum number of participants annually and report on outcomes such as employment placement and credential completion.
- Addressing Employment Barriers: MHS's initiative aims to tackle multiple employment barriers faced by Medicaid members in Indiana, including transportation, childcare, education gaps, and limited professional networks, thereby aiding their career advancement and economic stability.
- Policy Context: This program aligns with new Medicaid eligibility changes requiring certain adults to meet work or community engagement standards, with MHS collaborating closely with state and county partners to provide timely guidance to members and providers as these policies are implemented.
See More
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- Grant Tiers: The program features two tiers of funding, with Tier 1 grants ranging from $50,000 to $150,000 focused on direct employment services, while Tier 2 grants from $300,000 to $500,000 aim to coordinate workforce partners at a regional level, strengthening workforce systems across multiple counties.
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- Project Expansion: This initiative builds on the success of the 2023 MHS Serves project, which has served 40 organizations across 21 counties, created 665 internet access points, and reached over 10,000 people, demonstrating the effectiveness of community-led solutions.
See More
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- Employee Buyout Program: Centene announced it will offer buyouts to employees in response to significant losses from declining Obamacare membership over the past year, aiming to support those considering a transition.
- Revenue Decline: According to the company's 10-Q filing, Centene's revenue in its commercial business fell by 6% in the first quarter of this year, primarily due to weakening enrollment in its Obamacare plans, indicating a softening market demand.
- Membership Reduction: As of the end of the first quarter, Centene had approximately 26.3 million health plan members, a 6% decrease year-over-year, reflecting that many Americans are dropping off Obamacare plans as pandemic-related subsidies expire.
- Rising Medical Costs: CEO Sarah London noted that the decrease in Obamacare membership has resulted in a sicker patient mix, which has raised medical costs, further intensifying the company's financial pressures.
See More
