Earnings Call Summary | Centene(CNC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Centene(CNC.US) Q1 2024 Earnings Conference
The following is a summary of the Centene Corporation (CNC) Q1 2024 Earnings Call Transcript:
以下是Centene Corporation（CNC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Centene reported a Q1 adjusted EPS of $2.26, exceeding expectations and raised its full-year 2024 EPS guidance to over $6.80.
The company reported $36.3 billion in premium and service revenue indicating a steady financial growth.
Centene Corporation added $1 billion of Medicaid premium revenue to its 2024 guidance.
It forecasts its Marketplace operating margin within the target range of 5 percent to 7.5 percent in 2024.
The company expects about $16 billion of Medicare Advantage revenue, making up approximately 12% of total premium and service revenue guidance.
Centene plans for share repurchase of $3 billion to $3.5 billion and maintains a steady debt-to-adjusted EBITDA of 2.9 times.
Centene報告稱，第一季度調整後的每股收益爲2.26美元，超出預期，並將其2024年全年每股收益預期上調至6.80美元以上。
該公司報告了363億美元的保費和服務收入，表明財務穩步增長。
Centene Corporation在其2024年的預期中增加了10億美元的醫療補助保費收入。
該公司預測，到2024年，其市場營業利潤率將在5％至7.5％的目標範圍內。
該公司預計，Medicare Advantage收入約爲160億美元，約佔保費和服務總收入預期的12％。
Centene計劃回購30億至35億美元的股票，並將債務與調整後的息稅折舊攤銷前利潤保持在2.9倍的穩定水平。
Business Progress:
業務進展：
Centene completed an initiative to simplify and automate its prior authorization procedures.
The company expanded its geographical reach by beginning operations in Oklahoma from April 1, 2024.
It effectively responded to a cybersecurity issue and successfully managed a nationwide provider outreach program.
The company secured a large contract with the State of Florida and continues to service most of its existing members in Michigan.
The company foresees challenging conditions for Medicare Advantage in 2025, but has strategic plans in place.
The company's Marketplace membership doubled from two years ago with 4.3 million members by the end of Q1 2024.
It has maintained focus on strategic priorities such as Medicare and Medicaid integration and margin recovery over the next few years.
The company concluded the pharmacy transition successfully and aims to derive more value through its partnership with Express Scripts Inc.
Centene完成了一項簡化和自動化其事先授權程序的計劃。
該公司從2024年4月1日起在俄克拉荷馬州開始運營，從而擴大了其地域覆蓋範圍。
它有效地應對了網絡安全問題，併成功管理了一項全國性的提供商宣傳計劃。
該公司與佛羅里達州簽訂了一份大合同，並繼續爲其在密歇根州的大多數現有成員提供服務。
該公司預計，2025年Medicare Advantage將面臨艱難的條件，但已經制定了戰略計劃。
該公司的商城會員人數比兩年前翻了一番，到2024年第一季度末達到430萬會員。
在未來幾年中，它一直將重點放在醫療保險和醫療補助整合以及利潤回升等戰略優先事項上。
該公司成功完成了藥房過渡，旨在通過與Express Scripts Inc的合作來獲得更多價值。
More details: Centene IR
更多詳情： Centene IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。