Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $85.33 USD
Change Today -0.34 / -0.40%
Volume 298.8K
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

wellcare health plans inc (WCG) Snapshot

Open
$85.82
Previous Close
$85.67
Day High
$86.32
Day Low
$84.11
52 Week High
03/20/15 - $95.09
52 Week Low
10/2/14 - $55.43
Market Cap
3.8B
Average Volume 10 Days
338.3K
EPS TTM
$1.76
Shares Outstanding
44.0M
EX-Date
--
P/E TM
48.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for WELLCARE HEALTH PLANS INC (WCG)

wellcare health plans inc (WCG) Related Businessweek News

View More BusinessWeek News

wellcare health plans inc (WCG) Details

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. It operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs for qualifying families who are not eligible for Medicaid, as well as managed long-term care programs for people with chronic illnesses or who have disabilities and need health and long-term care services. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons age 65 and over and some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare’s managed care alternative to original Medicare program, which provides individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans that are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. The Medicare PDPs segment offers Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage with approximately 71,000 pharmacies, including a preferred pharmacy network. As of December 31, 2014, the company served approximately 4.1 million members in 49 states and the District of Columbia. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

6,700 Employees
Last Reported Date: 02/17/15
Founded in 1985

wellcare health plans inc (WCG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $524.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $396.2K
Chief Legal & Administrative Officer, Senior ...
Total Annual Compensation: $432.3K
Chief Medical Officer and Senior Vice Preside...
Total Annual Compensation: $412.1K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $321.2K
Compensation as of Fiscal Year 2014.

wellcare health plans inc (WCG) Key Developments

Florida Healthy Kids Corporation Selects WellCare Health Plans, Inc.'s Staywell Health Plan

WellCare Health Plans, Inc. announced that its Staywell Health Plan has been selected by the Florida Healthy Kids Corporation (FHKC) to continue to provide managed care services for children 5-18 years of age, as part of the Florida Healthy Kids (FHK) program. Pending execution, the two-year contract will begin on Oct. 1, 2015, and may be extended for two additional years at FHKC's discretion. Staywell will have an opportunity to serve children in the FHK program who live in Regions 1, 2, 3, 4, 5, 8, 9, 10 and 11. These regions include the Pensacola, Tallahassee, Gainesville, Jacksonville, Fort Lauderdale, Fort Myers and Miami metropolitan areas.

WellCare Health Plans, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

WellCare Health Plans, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $3,469.9 million compared to $2,985.7 million a year ago. Income from operations was $54.4 million compared to $37.3 million a year ago. Income before income taxes was $54.4 million compared to $65.6 million a year ago. Net income was $17.5 million or $0.39 per diluted share compared to $44.1 million or $1.00 per diluted share a year ago. Net cash used in operating activities was $99.9 million compared to $13.9 million a year ago. Additions to property, equipment and capitalized software, net were $35.8 million compared to $13.2 million a year ago. Premium revenue increased 15.6% compared with the first quarter of 2014 primarily as a result of membership growth in the company's Medicaid Health Plans segment. Adjusted net income for the first quarter of 2015 was $21.7 million, or $0.49 per diluted share, compared with adjusted net income of $49.7 million, or $1.13 per diluted share, for the first quarter of 2014. The decrease was due to the timing of certain Medicaid premium receipts. The company continues to expect adjusted earnings per diluted share in the range of $3.15 to $3.40 for the full-year 2015. Premium revenue expects to be $13.5 billion to $13.8 billion, depreciation and amortization expects to be $70 million to $72 million and interest expense expects to be $46 million to $48 million and effective income tax rate expects to be 61.0% to 63.0%.

WellCare Health Plans, Inc. to Report Q1, 2015 Results on May 06, 2015

WellCare Health Plans, Inc. announced that they will report Q1, 2015 results at 6:30 AM, US Eastern Standard Time on May 06, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WCG:US $85.33 USD -0.34

WCG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for WCG.
View Industry Companies
 

Industry Analysis

WCG

Industry Average

Valuation WCG Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WELLCARE HEALTH PLANS INC, please visit www.wellcare.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.