WellCare Donations Enhance Food Resources in Kentucky
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Newsfilter
- Donation Amount: WellCare of Kentucky and Centene Foundation announced a $145,000 donation to combat historic food insecurity in Kentucky, helping nearly 280,000 people access healthy food, demonstrating the company's commitment to community welfare.
- Project Coverage: The donation will support various organizations, including the Owensboro Office and Paducah Family Service Society, aiming to improve community health by providing nutritious food, further solidifying WellCare's leadership in food security.
- Long-term Solutions: WellCare has launched 'Food is Medicine' programs in multiple counties, providing tailored food for diabetic patients to address food insecurity and chronic disease management, reflecting the company's innovative approach to health management.
- National Commitment: The Centene Foundation recently committed $1.5 million to food security initiatives nationwide, emphasizing the company's long-term strategy to address food insecurity through community-driven solutions that enhance overall health outcomes.
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Analyst Views on CNC
Wall Street analysts forecast CNC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNC is 43.07 USD with a low forecast of 32.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
8 Hold
2 Sell
Hold
Current: 41.900
Low
32.00
Averages
43.07
High
59.00
Current: 41.900
Low
32.00
Averages
43.07
High
59.00
About CNC
Centene Corporation is a healthcare company. The Company provides fully integrated services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Its segments include Medicaid, Medicare, Commercial and Other. Specifically, 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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WellCare Donation Strengthens Food Resources in Kentucky
- Donation Amount: WellCare of Kentucky and Centene Foundation announced a $145,000 donation to address Kentucky's historic food insecurity, helping 280,000 people access healthy food, demonstrating the company's commitment to community welfare.
- Community Support: The donation will support various organizations, including the Family Service Society in Paducah and the Owensboro office, aiming to improve local families' quality of life by providing nutritious food and enhancing community health foundations.
- Long-term Commitment: WellCare's donation is part of Centene Foundation's $1.5 million national commitment to tackle food insecurity through community-driven solutions, highlighting the strategic importance of improving health outcomes.
- Innovative Programs: Centene invested $77.1 million in food security in 2024, launching innovative initiatives like Fresh Food Pharmacies and farmers market produce vouchers, further solidifying its leadership in addressing health drivers.
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