OverviewSuggest Edit

WellCare provides managed care health plans. The Company focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. Medicaid provides medical assistance to low-income and disabled persons. The Medicare program provides health care coverage primarily to individuals age 65 or older as well as to individuals with certain disabilities. It provides hospitalization benefits, benefits for medically necessary services and supplies including outpatient care, physician services, and home health care, private health plans, and prescription drug coverage.

TypePublic
Founded2004
HQClayton, MO, US
Websitewellcare.com
Employee Ratings3.7
Overall CultureD+

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)12,000(+35%)
Revenue (FY, 2018)$20.4 B(+21%)
Share Price (Jan 2020)$349.9(+2%)
Cybersecurity ratingCMore
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Key People/Management at WellCare Health Plans

Ken Burdick

Ken Burdick

CEO
Christian P. Michalik

Christian P. Michalik

Chairman of the Board
Anat Hakim

Anat Hakim

Executive Vice President, General Counsel and Secretary
Richard C. Breon

Richard C. Breon

Director
Mark Leenay

Mark Leenay

Executive Vice President and Chief Medical Officer
Rhonda Mims

Rhonda Mims

Executive Vice President and Chief Public Affairs Officer
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WellCare Health Plans Office Locations

WellCare Health Plans has an office in Clayton
Clayton, MO, US (HQ)
Centene Plaza, 7700 Forsyth Blvd
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WellCare Health Plans Financials and Metrics

WellCare Health Plans Revenue

WellCare Health Plans's revenue was reported to be $20.41 b in FY, 2018
USD

Revenue (Q3, 2019)

7.1b

Gross profit (Q3, 2019)

7.0b

Gross profit margin (Q3, 2019), %

98.2%

Net income (Q3, 2019)

238.4m

Market capitalization (23-Jan-2020)

17.6b

Closing stock price (23-Jan-2020)

349.9

Cash (30-Sept-2019)

2.6b

EV

17.1b
WellCare Health Plans's current market capitalization is $17.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.4b6.1b7.4b9.5b13.0b13.9b14.2b17.0b20.4b

Revenue growth, %

36%7%2%

Cost of goods sold

4.5b4.9b6.3b8.3b11.5b14.7b148.6m

Gross profit

903.6m1.2b1.1b1.3b1.5b2.3b20.3b
Annual
USDY, 2009FY, 2010Y, 2010FY, 2011Y, 2011FY, 2012Y, 2012Y, 2013FY, 2013Y, 2014FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.2b1.4b1.4b1.3b1.3b1.1b1.1b1.5b1.5b1.3b1.3b2.4b4.0b4.2b3.7b

Accounts Receivable

126.8m165.5m358.9m335.0m460.6m

Prepaid Expenses

114.5m173.0m96.3m115.0m170.5m291.0m477.1m

Current Assets

1.8b2.1b2.1b2.7b3.5b4.3b5.1b5.8b6.8b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(53.4m)264.2m184.7m175.3m63.7m118.6m242.1m373.7m439.8m

Depreciation and Amortization

23.9m26.5m31.5m44.1m59.9m120.4m179.7m

Accounts Payable

752.0k14.0m14.9m(30.8m)10.1m

Cash From Operating Activities

223.1m162.0m(30.7m)178.9m299.3m712.6m748.3m1.1b279.0m
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WellCare Health Plans Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

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WellCare Health Plans Online and Social Media Presence

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WellCare Health Plans Company Culture

  • Overall Culture

    D+

    62/100

  • CEO Rating

    B

    70/100

  • Compensation

    A+

    100/100

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WellCare Health Plans Frequently Asked Questions

  • When was WellCare Health Plans founded?

    WellCare Health Plans was founded in 2004.

  • Who are WellCare Health Plans key executives?

    WellCare Health Plans's key executives are Ken Burdick, Christian P. Michalik and Anat Hakim.

  • How many employees does WellCare Health Plans have?

    WellCare Health Plans has 12,000 employees.

  • What is WellCare Health Plans revenue?

    Latest WellCare Health Plans annual revenue is $20.4 b.

  • What is WellCare Health Plans revenue per employee?

    Latest WellCare Health Plans revenue per employee is $1.7 m.

  • Who are WellCare Health Plans competitors?

    Competitors of WellCare Health Plans include VSP Global, Aetna and CVS Health.

  • Where is WellCare Health Plans headquarters?

    WellCare Health Plans headquarters is located at Centene Plaza, 7700 Forsyth Blvd, Clayton.

  • Where are WellCare Health Plans offices?

    WellCare Health Plans has an office in Clayton.

  • How many offices does WellCare Health Plans have?

    WellCare Health Plans has 1 office.