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Wellcare Corporate Headquarters Address, CEO Email Address, and Corporate Office Info
WellCare Health Plans, Inc. is an American health insurance company that provides managed care services to over 6.3 million members primarily through Medicaid, Medicare Advantage, and Medicare Prescription Drug plans. The company has around 607,000 contracted providers and over 14,000 workers.
Wellcare was founded in 1985 and is headquartered in Tampa, Florida. It is a Centene Corporation subsidiary. Wellcare Health Plans, Inc. serves as the holding company for a number of subsidiaries, including WellCare, Meridian Health Plan, Staywell Health Plan, ‘Ohana Health Plan, Care1st Health Plan Arizona, and Missouri Care. Tampa, Atlanta, New York, Chicago, Detroit, Phoenix, Houston, Omaha, and St. Louis are among the regional offices. Wellcare began operations as a Medicaid provider for the State of Florida in 1985 in Tampa, Florida. With the enactment of the 1997 Balanced Budget Act, WellCare began offering commercial health insurance plans to Medicare recipients. These plans were previously referred to as Medicare+Choice or Part C plans. Following the passage of the Medicare Prescription Medication, Improvement, and Modernization Act in 2003, WellCare began selling Medicare Advantage plans with prescription drug coverage.
It became a public corporation in 2004 through an initial public offeringIn 2006, Wellcare began offering Medicare Medicare Part D plans and has since grown to be one of the top ten suppliers of these sorts of plans in terms of membership volume.In November 2013, WellCare named Chairman David Gallitano interim CEO while a national search for a permanent replacement was conducted.
The new executive team shifted the company’s focus away from quarterly earnings expectations and toward health plan members. Gallitano increased its technology spending and replaced the “Ikea-style” artwork on the main campus with photographs and portraits of its 3.5 million health plan members, including those who suffer from chronic conditions, ailments, and social difficulties such as cancer, homelessness, mental illness, and hunger.
Kenneth Burdick was appointed CEO and board member of WellCare in December 2014. Burdick joined WellCare in January 2014 as president of national health plans and was promoted to president and chief operating officer in July 2014. Burdick previously served as CEO of Blue Cross Blue Shield of Minnesota and as president of Coventry’s Medicaid division
Centene Corporation acquired the company for more than $17 billion in January 2020. Centene stated that “with its proposed acquisition of WellCare, the merged firm will have 22 million members across all 50 states and combined revenue reaching $100 billion.”
Since late 2012, WellCare has purchased a considerable number of smaller Medicare and Medicaid supplement providers, greatly expanding the company’s nationwide coverage areas:
UnitedHealthcare’s Medicaid operations in South Carolina in February 2013 September 2013: An agreement to acquire Windsor Health Group (mainly in Mississippi, Tennessee, Arkansas, and South Carolina) was announced, with the transaction expected to close in fourth quarter 2013.
Care1st Health Plan, January 2017 Arizona, which was once a part of Care1st Health Plan, a subsidiary of Blue Shield of California. Phoenix Health Plan, originally a subsidiary of Abrazo Community Health Network, a Tenet Healthcare company, was acquired in May 2017.Meridian Health Plans, Detroit, Michigan, September 2018 As a condition of CVS Health’s acquisition of Aetna, Aetna’s Medicare prescription insurance business will be sold in 2019.
On October 24, 2007, officers of the Federal Bureau of Investigation, the Department of Health and Human Services, and the Florida Attorney General’s Medicaid Fraud Control Unit executed a search warrant at the headquarters of WellCare Health Plans in Tampa, Florida. The news froze trading in WellCare’s stock, which then dropped as much as 80% below its 52-week high. The United States Securities and Exchange Commission (SEC) is monitoring WellCare’s financial statements, and various class-action lawsuits on behalf of shareholders have been filed against the company. WellCare has stated that the federal and state investigations have had no effect on its routine business operations and that the company remains financially sound, with more than $1 billion in cash and cash equivalents.
Prosecutors and a former employee stated in a now-unsealed plea bargain that the company overstated spending by submitting forged paperwork to the state. WellCare was compensated a set per-patient charge and expected to spend at least 80% of it on care under certain mental health care contracts. Any surplus over 20% was supposed to be refunded to the state, but the bogus expenditures allowed WellCare to retain it. In August, WellCare agreed to refund $35 million, its best estimate of the sum improperly retained from 2002 to 2006. Following the raid, the corporation restated its quarterly and annual profits, resulting in a $32 million decrease in net income, and the resignation of its top three executives.
Although no criminal charges have been filed against WellCare or its officials, Florida, Connecticut, and federal prosecutors are conducting investigations. According to Wellcare’s SEC filings, the Securities and Exchange Commission is conducting an informal inquiry, and the business is facing many shareholder lawsuits and sealed whistleblower charges. WellCare has since ceased all contributions to Florida political campaigns.
Wellcare Corporate Headquarters Address and Phone Number
The company is based in Tampa, Florida, United States. Do you have anything to share with the corporate headquarters? If yes, please take a note of the headquarters address of name Inc. below:
Wellcare Corporate Headquarters Address
8735 Henderson Road Renaissance 1 Tampa
FL 33634 United States..
How do I contact Wellcare CEO?
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Customer Support Email and Inquiry Form
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Wellcare Contact Details
Wellcare Headquarters Contact Details: NA
Wellcare Headquarters Address: 8735 Henderson Road Renaissance 1 Tampa, FL 33634 United States.
Wellcare Headquarters Phone Number: 1-877-247-6272
Wellcare Headquarters Whatsapp Number: NA
Wellcare Headquarters Office Email ID: email@example.com
Wellcare Social Profiles
Wellcare Headquarters Facebook Fan Page: https://www.facebook.com/WellCareHealthPlans
Wellcare Headquarters Twitter Handle: https://twitter.com/wellcare_health
Wellcare Headquarters Instagram Profile: NA
Wellcare Headquarters Snapchat Profile: NA
Wellcare Headquarters YouTube Channel: https://www.youtube.com/user/WellCareHealthPlan