Former Chairman and CEO of Centene, Michael F. Neidorff has died, the company announced April 7, 2022. Neidorff led the Clayton-based company for 26 years . The company says Neidorff passed away Thursday surrounded by his family and friends. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. Michael served as chairman of the board of trustees for his alma mater, Trinity University, in San Antonio, Texas, and in 2021, Trinity University named its business school, the Michael Neidorff School of Business in his honor. You may opt-out by. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Neidorff had taken a medical leave of absence two months ago and internal Centene executive Sarah London was named chief executive officer last month, replacing Neidorff, who had been Centenes CEO since 1996. Along with an active practice treating patients with endocrine and metabolic disorders, Daniels has published two novels, The Intern and Second Chances.. There are no details on the parents of Michael at the moment. According to local property records, Niedorff and his wife own a condominium in the area. Today, the company he built provides healthcare for nearly 1 in 15 vulnerable individuals, and his life's work has transformed the delivery . He was 79. This generous commitment, which recognizes and supports our institutions world-class talent in virology and immunology, will allow us to support our efforts in St. Louis to develop effective strategies for this current virus as well as new viruses that we have to contain in the future.. (Photo by Steven Ferdman/Getty Images), 16-Year-Old Loses Left Testicle Into Body While Picking Up Golf Ball, Dutch Ministry Of Health Will Not Reimburse Gileads Breast Cancer Drug, Trodelvy, Microsoft Wants To Automate Medical Notes With GPT-4 But Doctors Need Convincing, Study: 88% Of Melatonin Gummy Products Inaccurately Labeled, Some Included CBD, Englands Unions Split On Healthcare Pay Deal, With Increasing Reliance On Healthcare Technology, Cybersecurity Is A Growing Concern, CDC Will Stop Tracking Covid-19 Community Levels, Here Are The Problems, Promises, Perils, And Predictions For Artificial Intelligence In Medicine: A Radiologists Perspective. As a result of this acquisition, Centene became the largest Medicaid managed-care provider in the United States. Centene said a private family service will be held and a memorial service for family and friends will be held at a later date. Michael was Centene Corporation's visionary leader for more than 25 years. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. Another significant moment during his leadership was when his company Centene acquired Health Net in March 2016 for $6 billion. By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. Netflixs Rough Diamonds brings viewers into the drama of Antwerps Orthodox diamond district, This CRC rabbi wont stop fighting for his trans child, Everything you need to know about the new 2023 Mah Jongg card, David Wright receives award based on his work for Kohn's Kosher Deli, Jews are genetically prone to stomach problems. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Neidorff committed to building the office in order to invest in the Ferguson community shortly after the shooting of Michael Brown. He has led a huge expansion in the company and it now has over 12 million members across 28 states in the United States. Language links are at the top of the page across from the title. Michael was very clever from a strategic standpoint, said Dr. J. Mario Molina, the former chief executive of Molina Healthcare, one of Centenes main rivals. Michael Neidorff is chairman, president and CEO of Centene Corp. His beliefs are also reflected in his personal life as he prefers to make a change in his community rather than simply standing on the sidelines hoping things will improve. Neidorff joined Centene in 1996. Centene is ranked #24 in the Fortune 500, #57 in the Fortune 500 Global list, and #7 on the 2019 Fortune Change the World list. as Obamacare hit record levels during the pandemic. He served as chairman of the board of trustees for the National Urban League and was inducted into the Hall of Fame for Junior Achievement of Greater St. Louis. Since he took the helm in 1996, Centene has grown into a Fortune 50 multinational health-care enterprise serving one in 15 individuals across the nation. Here are ten interesting facts you probably didnt know about Michael Neidorff. Neidorff led the St. Louis-based health care. pic.twitter.com/Wj2GWg8QW1. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. She continued postgraduate studies at Columbia University. He graduated from Altoona High School in 1961. It was obvious they needed a complete change, said Robert Ditmore, a longtime Centene board member who was involved in the company. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. "Michael was one of a very small number of people responsible for saving the ACA," he said. Michael served as chairman of the board of trustees for his alma mater, Trinity University, in San Antonio, Texas, and in 2021, Trinity University named its business school, the Michael Neidorff School of Business in his honor. Many companies discriminate against ex-convicts despite the nature of, Read More Does FedEx Hire Felons?Continue, Recently, Kubota introduced the concept for a robotic tractor called the X Tractor. He transformed a small company into a corporation focused on providing health insurance under government programs. Michael was Centene Corporations visionary leader for more than 25 years. Under Neidorff, Centene had grown into a national player in the Medicaid business as well as individual coverage under the ACA known as Obamacare. The St. Louis Jewish Light is a community partner with Jewish Federation of St. Louis. Michael Neidorff has a consistent business strategy, and this is clear as he has adopted the same approach at Centene for more than 20 years. His continual support for hundreds of not-for-profit organizations was widely celebrated. (Photo by Steven Ferdman/Getty Images), had taken a medical leave of absence two months ago, Sarah London was named chief executive officer last month. Michael F. Neidorff, the long-time chief executive of U.S. health insurer Centene died Thursday after what his family described as a lengthy illness. Meanwhile, board changes will be made as part of its ongoing board refreshment and governance review process and a cooperation agreement the company has entered into with Politan Capital Management, Centene said Tuesday of board appointments that will be made Jan. 5, 2022. St. Louis Post-Dispatch in a report Thursday. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. For those looking to increase their earnings, people who dont know better will provide advice to apply for a new job, get an offer, and use that offer as leverage for a higher salary at, Read More Dont Call My Bluff: Leveraging a Job Offer for a RaiseContinue, A criminal record does not have to be a sentence to unemployment. Updates on campus events, policies, construction and more. Nomi and Michael Neidorff have committed $5 million to Washington University School of Medicine in St. Louis to honor highly regarded physicians Robert C. Packman, MD, and John S. Daniels, MD, with the establishment of two new endowed professorships in their names. The Neidorffs previously have provided financial support to the School of Medicine for research into surgical treatments for pancreatic and gastrointestinal diseases, and to the universitys Brown School for health disparities research. He was also active in philanthropy. Michael made diversity and inclusion a central focus of his leadership, building an international corporation where women, people of color, LGBTQ, veterans, and people with disabilities all have opportunities to lead and excel, the company statement said. Opinions expressed by Forbes Contributors are their own. Michael made diversity and inclusion a central focus of his leadership, building an international corporation where women, people of color, LGBTQ, veterans, and people with disabilities all have opportunities to lead and excel. Furthermore, it is, Read More Kubota Introduces Robotic Tractor Concept That Could be a Game ChangerContinue, Temple University is located in Philadelphia, Pennsylvania. In December, the company agreed to change the composition of its board, and Mr. Neidorff announced that he would retire as chief executive in 2022. She played a significant role in founding the radio station Classic 107.3 FM, a station focused heavily on classical music and the arts. She continued post-graduate studies at Columbia University. 9430 Olive Blvd Saint Louis, Missouri MONICA NEIDORFF OBITUARY Neidorff, Monica March 24, 2021. Michael Neidorff joined Centene as CEO in 1996 and led the company in its remarkable trajectory from a $40 million single health plan to a multinational $125 billion health care enterprise serving 25 million members. When a new market for insurance was created under the Affordable Care Act the federal law, known as Obamacare, that helps provide private insurance to people who do not qualify for Medicaid but who are not covered by their employers Mr. Neidorff positioned Centene as a major provider of low-cost plans. He Also has a South Palm Beach Property, 6. [7][9], Neidorff was listed on Fortune's Businessperson of the year list in 2017. He built a remarkable American business success story and his commitment to providing affordable, high-quality health care to the most vulnerable people transformed lives across the globe. Over the next 25 years, he transformed it into a corporation that focused on providing health insurance under government programs like Medicaid and Medicare. Rep. Cori Bush among 19 voting against, Archbishop Rozanski joining Rabbi Stiffman to speak to St. Louis Jewish community for first time, Karen Kaye trying to boot scoot to win in Ms. Missouri Senior America Pageant this weekend, Stan Kroenke owned soccer club launches Jewish fan group to combat antisemitism, Saul Mirowitz Jewish Community School announces the Raise Your Yad Challenge. In 2018, Neidorff was mentioned in a complaint alleging that Centene neglected to disclose Health Nets possible tax exposure before the acquisition. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. Their latest commitment will accelerate research into desperately needed drugs and vaccines to put an end to this devastating pandemic. At the time of the move, both were unfamiliar with the city. She has received two Robert G. Fenley writing awards from the American Association of Medical Colleges. Mr. Neidorff made several key acquisitions to add to Centenes depth. Michael Neidorff is a businessman who is best-known as the Chief Executive Officer of the Centene Corporation. Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020. He became the chief executive officer of Centene, which was then known as Coordinated Care Corp., the following year. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. They took advantage of the fact that other companies were risk averse and exiting., When state officials and government regulators were concerned that some counties in the United States would be left without a carrier willing to sell insurance under the Affordable Care Act, Mr. Neidorff agreed to provide coverage in some of those markets, said Jesse Hunter, a former chief strategy officer for Centene, and there was never any hesitation.. Michael F. Neidorff, the long-time chief executive of U.S. health insurer [1] [2] He was a 1961 graduate of Altoona High School. He was a bulldog with a bone in his mouth.. He was 79 years old at the time. Save my name, email, and website in this browser for the next time I comment. Centene.com uses cookies. With over 10 years experience he's covered businesses, CEOs, and investments. Michael F. Neidorff, who as chief executive officer of Centene Corp. transformed a tiny medical insurance firm serving three counties in 1996 into a . LOUIS Michael Neidorff, the longtime CEO of Centene, has died after battling a lengthy illness, the company announced Thursday. The Robert C. Packman Professorship in virology and the John S. Daniels Professorship in immunology celebrate the wisdom, dedication and accomplishments of Packman, a former School of Medicine faculty member who is now senior vice president of medical affairs at Centene Corp., and Daniels, a Washington University associate professor of clinical medicine who specializes in endocrinology and metabolism. "After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends," Centene said in a statement and obituary released on behalf of. But, he added, Mr. Neidorff persuaded him: It was obviously a big market, so we said lets go for it.. It was founded by Russell Conwell who was, Read More The 20 Most Notable Temple University Alumni in BusinessContinue, Andr Calantzopoulos is the current CEO of Philip Morris. His wife is Noemi. He graduated from the University of Arkansas School of Medicine in 1974 with both a medical degree and a masters degree in anatomy, having completed extra courses in anatomy as well as extensive research in nerve regeneration while attending medical school. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. In March, he formally stepped down after Sarah London was named his replacement. Michael Neidorff, former visionary CEO of Centene, dies after lengthy illness After a lengthy illness, former Centene CEO Michael F. Neidorff passed away last week, surrounded by his family and friends. When the Affordable Care Act provided an opportunity to sell low-cost private insurance through the state markets set up by the federal government, Mr. Ditmore recalled, Mr. Neidorff was eager to become a major player, despite uncertainty about how insurers should price their policies in the new market. Neidorff was Centene Corporations visionary leader for more than 25 years. Having had a love for the arts, Michael served on the board of the St. Louis Symphony Orchestra, as a trustee for the Opera Theatre of St. Louis, and as Treasurer of the Kennedy Center Board of Trustees. He was a beloved husband to Nomi Neidorff, father to Peter Neidorff and the late Monica Neidorff, and brother to Susan Neidorff Reinglass and Robert Neidorff. Current directorJames Dallaswill become Lead Independent Director immediately and will assume the Independent Chair by the end of 2022.. He was 79. . Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. [7][8], In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp.[3][7] The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer. Anyone can read what you share. Centene grew into the Medicare Advantage industry under Neidorff, the privatized health benefits that a variety of health insurers give seniors through contracts with the federal government. "Centene CEO Neidorff pledges $5 million to Trinity University", "Trinity University Elects New Board Officers | Trinity University", "Plans to construct Centene facility moving forward", "Health services: Michael Neidorff, Centene Corp", "C-Suite Awards 2019: Michael Neidorff, Centene", "How Michael Neidorff took Centene from $40 million to $21 billion", "Invest suit claims Centene hid $900M tax liability in HealthNet purchase", "Another St. Louis CEO joins White House economic recovery task force", "Centene board limits bonuses, but Neidorff earns nearly $25 million", "Centene's Neidorff To Step Down As CEO Amid Deal With Activist Investor", "Centene Promotes Tech And Healthcare Strategist Sarah London To CEO Job", "Centene's Neidorff named National Urban League chair", "Neidorff, a difference maker in Ferguson, named Citizen of the Year", "Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart", "Longtime Centene leader Michael Neidorff dies after lengthy illness", "Joe Biden Wants to End Prison Profiteering. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends, Centene said in a statement and obituary released on behalf of Neidorffs family. The COVID-19 pandemic has caused enormous suffering in the St. Louis area and around the world, and it is unlikely to end until we find a way to prevent transmission and treat the disease, Chancellor Andrew D. Martin said. Added Nomi Neidorff: Dr. Michael Neidorff was one of the most philanthropic individuals in the country. Nothing has been more important to me than providing the highest quality of care to the most vulnerable populations we serve, Neidorff said in a statement released Tuesday announcing changes at Centene. The School of Medicine is a leader in medical research, teaching and patient care, ranking among the top 10 medical schools in the nation by U.S. News & World Report. As a subscriber, you have 10 gift articles to give each month. Centene is ranked #24 in the Fortune 500, #57 in the Fortune 500 Global list, and #7 on the 2019 Fortune Change the World list. 2001-2004 That same year, Neidorff was inducted into the St. Louis Business Hall of Fame. Michael's love and devotion for his family knew no bounds. Beloved daughter, sister, niece, cousin, compassionate friend to so many. Transforming the health of the community, one person at a time. Neidorff was born in 1942 in Altoona, Pennsylvania. As a trustee for the Opera Theatre of St. Louis, he serves on the Institutional Development Committee and previously served as a vice chairman. An error has occurred, please try again later. She went on to become a classical pianist and earn both her bachelor's and master's degrees from the Manhattan School of Music. Opinions expressed by Forbes Contributors are their own. Netflixs Rough Diamonds brings viewers into the drama of Antwerps Orthodox diamond district, This CRC rabbi wont stop fighting for his trans child, Everything you need to know about the new 2023 Mah Jongg card, David Wright receives award based on his work for Kohn's Kosher Deli, Jews are genetically prone to stomach problems. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Michael was Centene Corporations visionary leader for more than 25 years. For more than 30 years, he served on the board of directors for the Greater St. Louis Boy Scouts of America and on the board of Concordance Academy. Wiki Trivia on Michael Neidorff - Age, Wife, Family, & More. How much is Will Smith Net worth? Neidorff, 79, served as the head of the insurer for 26 years, growing the company from a $40 million, single health plan into the $125 billion healthcare company that manages care for 25 million . Michael Neidorff joined Centene as CEO in 1996 and led the company in its remarkable trajectory from a $40 million single health plan to a multinational $125 billion health care enterprise serving 25 million members. In 2020 he bought WellCare, a Florida Medicare Advantage insurer. Consistently ranked a top medical school for research, Washington University School of Medicine is also a catalyst in the St. Louis biotech and startup scene. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Centene chief executive Michael Neidorff will retire next year and a new board will be created to oversee the health insurer as part of a deal with Politan Capital Management, which had been pushing for changes. He served as chairman of the board of trustees for the National Urban League and was inducted into the Hall of Fame for Junior Achievement of Greater St. Louis. He stayed with Obamacare in the exchanges when many of the other companies pulled out, Ana Gupte, a former Wall Street analyst who now runs her own advisory company, recalled. His continual support for hundreds of not-for-profit organizations was widely celebrated. Michael was an extraordinary friend, alumnus, and Trustee, giving his leadership and support to Trinity for many decades. He persevered even after many large insurers lost money and stopped offering coverage. To be effective, boosters should target variants widely different from COVID-19 virus's original strain. A cause of death was not disclosed. In 2017, Michael was named Citizen of the Year by the St. Louis Post Dispatch for spearheading a $30 million investment in Ferguson, Missouri in the weeks following the racial unrest in the summer of 2014, bringing much needed opportunity and hope to the region and anchoring small businesses in the community. It now insures 25 million people. It is one of the oldest universities in the United States, with its roots going back to the year 1884. He was a beloved husband to Nomi Neidorff, father to Peter Neidorff and the late Monica Neidorff, and brother to Susan Neidorff Reinglass and Robert Neidorff. When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. Michael F. Neidorff in 2019. Centene CEO Michael, age 77-78, has lived in St. Louis since 1985. 5. [8], Neidorff donated to several political causes, including Hillary Clinton and Joe Biden's presidential campaigns, the National Republican Senatorial Committee and Senator Jeanne Shaheen's reelection campaign. The company he built provides health care for nearly one in 15 vulnerable Americans, Ms. London said in a statement. 2022 Updated!! I write about healthcare business and policy, oversee the health insurer as part of a deal with Politan Capital Management, the company announced Dec. 14, 2021. While it is difficult to put into words the immeasurable impact he has had on this company and the members whose health has been transformed, and the communities that have been served, on behalf of all the Board at Centene we are immensely grateful and proud of the work Michael has inspired and delivered as our CEO. [3] Centene is ranked #24 in the Fortune 500, #57 in the Fortune 500 Global list, and #7 on the 2019 Fortune Change the World list. He was 79 years old at the time. Neidorffs wife Noemi is a classically trained pianist. This property was formerly owned by Carol Lee Leezy Sculley, who is the ex-wife of former Apple Chairman, John Sculley. He was chairman of the National Urban Leagues board of trustees and a board member of the St. Louis Symphony Orchestra, the Opera Theater of Saint Louis and the Manhattan School of Music, among other organizations. Michael F. Neidorff, who built the Centene Corporation from a small Milwaukee health plan into the nation's largest insurer for the government's Medicaid program and a stalwart of the Obamacare. . In 2021, Michael Neidorff '65 and the Neidorff Family Trust gave $25 million for the University's AACSB-accredited business school. Mr. Neidorff took the company public in 2001. Neidorff was Centene Corporation's visionary leader for more than 25 years. I have been in discussions with the Board about my retirement plans since the summer, and today I have informed the Board of my decision to retire as CEO in 2022., Neidorff became Centene in 1996, taking the company from a$40 millioncorporation in 1996 serving three counties in two states to a$125 billionmarket leader, Centene board director Robert Ditmore said. With his wife, Neidorff founded the Neidorff Family and Robert C. Packman Professorship at the School of Medicine. an health, and highlighting and building on the strengths of the St. Louis region. In the 1980s, Neidorff served as president and chief executive officer of Physicians Health Plan of Greater St. Louis, as well as director of worldwide consumer products at Miles Laboratories. His daughter, Monica Neidorff, died in 2021. Michael was raised in Altoona, Pennsylvania. For those who are curious, the machine is an electric tractor that can operate 100 percent on its own. Michael Neidorff, the founder of Centene Corp. and a pillar of the St. Louis business community, died on Thursday at the age of 79. This is a leading multi-line healthcare enterprise that was founded in 1984 as a single health plan and now encompasses a range of medical insurance and health care programs. [12] During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. Their 1962 Manual of Medical Therapeutics was published by Little, Brown and Co. Packman edited two subsequent editions of the manual, known today as The Washington Manual of Medical Therapeutics. The guide is revised every two to three years by Washington University faculty and chief residents, has been translated into 12 languages and continues to be one of the best-selling medical textbooks worldwide. He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. Michael and Nomi Neidorff have long supported biomedical research at Washington University. He was a brother to Susan Neidorff Reinglass and Robert Neidorff. Already a subscriber? Having had a love for the arts, Michael served on the board of the St. Louis Symphony Orchestra, as a trustee for the Opera Theatre of St. Louis, and as Treasurer of the Kennedy Center Board of Trustees. As of 2022, Michael F. Neidorffs net worth is predicted to be at least $660 million USD. The Board of Directors will appoint five new directors:Ken Burdick,Christopher Coughlin,Wayne DeVeydt, andTheodore Samuels, as well as a fifth director to be mutually agreed upon by Centene and Politan, Centene said. Several of the new board members including former WellCare chief executive Ken Burdick and former Anthem chief financial officer Wayne DeVeydt, have a health insurance background and expertise in areas that Centene is strong in such as Medicaid and individual coverage under the Affordable Care Act as well as Medicare Advantage. Under Mr. Neidorffs leadership, Centene chose to concentrate on government-sponsored insurance through Medicaid for low-income individuals and Medicare for older people and the disabled. For more than 30 years, he served on the board of directors for the Greater St. Louis Boy Scouts of America and on the board of Concordance Academy.
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