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WellCare Health Plans news and information

News
WellCare earnings pummeled by expanded Florida managed-care Medicaid plan
By John N. Frank | July 25, 2014 | Basic Web Basic Web Subscription Details
Shares of WellCare Health Plans sank in early Friday trading, a day after the Tampa, Fla.-based Medicaid managed-care company reported a net loss of $7.5 million for its second quarter compared with net income of $46.9 million in the same quarter last year.
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Vital Signs
Ascension takes formal step toward insurance deal
By Melanie Evans | May 30, 2014
Ascension Health, the nation's largest not-for-profit health system, has signed a non-binding letter of intent to acquire an insurance company.
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News
WellCare, Centene likely Ascension insurance targets: analyst
By Melanie Evans | May 27, 2014 | Basic Web Basic Web Subscription Details
WellCare Health Plans or Centene Corp. are the most likely insurance acquisition targets for Ascension Health, posits an analyst with healthcare investment bank Leerink Partners, New York.
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News
Former top WellCare execs sentenced to prison in fraud case
By Rachel Landen | May 19, 2014 | Basic Web Basic Web Subscription Details
A federal judge today sentenced former WellCare CEO Todd Farha to three years in prison for his involvement in a scheme to defraud Florida's Medicaid program of millions of dollars. Two other former WellCare executives also received sentences while a fourth received probation, a $10,000 fine and...
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News
WellCare sees Medicaid gains thanks to ACA, acquisition
By John N. Frank | May 06, 2014 | Basic Web Basic Web Subscription Details
WellCare Health Plans gained 60,000 members in Medicaid plans during its first quarter as a result of eligibility expansion under the Patient Protection and Affordable Care Act, the Tampa, Fla.-based insurer reported in its earnings statement Tuesday.
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News
Tran stepping down from CFO post at WellCare Health Plans
By Virgil Dickson | February 21, 2014 | Basic Web Basic Web Subscription Details
WellCare Health Plans CFO Tom Tran is stepping down this year, marking another change in the top leadership ranks four months after the board fired CEO Alec Cunningham.
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News
Windsor Health deal gives WellCare customers in all 50 states
By Paul Demko | January 06, 2014 | Basic Web Basic Web Subscription Details
WellCare Health Plans has completed its acquisition of Windsor Health Group, providing the Tampa, Fla.-based company with new Medicare Advantage customers in 192 counties spanning four states.
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Magazine
WellCare Health Plans announces change in executive leadership
By Modern Healthcare | November 02, 2013 | Print Magazine Print Magazine Subscription Details
WellCare Health Plans announced a shakeup in executive leadership as the company reported its third-quarter financial results. WellCare's board removed CEO Alec Cunningham, 46, and appointed David Gallitano, the board's chairman, to take his place during a search for a successor. Gallitano,...
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News
WellCare Chairman Gallitano replaces Cunningham as interim CEO
By Rachel Landen | November 01, 2013 | Basic Web Basic Web Subscription Details
WellCare Health Plans, Tampa, Fla., announced a shakeup in executive leadership Friday, the same day the insurer reported its third-quarter financial results.
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News
On Day 1 of open enrollment, insurance stocks jump
By Beth Kutscher | October 01, 2013 | Basic Web Basic Web Subscription Details
As insurance exchanges opened Tuesday, health insurance company stock prices reflected optimism about the impact of the healthcare reform law's extension of coverage to millions of uninsured.
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