ST. LOUIS: Medicaid HMO company Centene has appointed Lisa Wilson as VP of IR. Wilson was formerly president of her own healthcare IR firm, In-Site Communications. Before that, she had been a healthcare equity research associate at Kidder, Peabody & Co.
Wilson, who began consulting with Centene when it went public in 2001, said she decided to make the move because of the "compelling opportunity" with a company she thinks will do well. Centene provides services to Medicaid recipients in five states and is looking to expand to the 24 of the 37 states that require Medicaid enrollment in managed care.
"The opportunity is in convincing Wall Street that we can put the pieces in place to continue to" grow organically and in new markets, she said. Centene has entered the New Jersey and Ohio markets by acquisitions.
"As states face budget issues, we're the solution to help them manage their Medicaid budgets," Wilson said. "We keep costs lower by directing patients out of emergency rooms [for routine services] and bringing them to more routine care. That's what saves the state money."
Centene has different brand names for its markets: Managed Health Services (IN and WI), University Health Plan (NJ), Superior Health Plan (TX), and Buckeye Community Health Plan (OH).
Centene said Wilson, who will report to Michael Neidorff, president and CEO, will serve as a senior member of its M&A and corporate communications units.