Michael F. Neidorff (1943 - April 7, 2022) was an American business executive. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. [3] From 1996 until March 2022, he was the CEO of Centene Corp.. Neidorff was listed on Fortune's Businessperson of the year list in 2017. He led the company for 26 years and oversaw the company's growth to a Fortune 24 enterprise with revenues of over $125 billion . March 25, 2021. Mr. Neidorff had worked for a unit of UnitedHealthcare when he was recruited to be chief executive of Coordinated Care, the small managed-care company that would become Centene. When it comes to their work in the community, the Neidorffs are a formidable team. He was 79. (Reuters) - Centene Corp said on Thursday its board had approved a request from its chairman and chief executive officer Michael Neidorff for a period of medical leave, effective immediately.. Perhaps Im dating myself here but clearly, Read More The Price of Beer and Hot Dogs at Every NFL StadiumContinue, Sierra Trading Post specializes in selling high-quality products which people need when they are exploring the great outdoors. 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. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. Nomi, a classically trained pianist, was acquainted with the St. Louis Symphony. Centene, which is headquartered in St. Louis, appointed Sarah London, who had been vice chairwoman, as its chief executive in March. [12] He announced plans to retire in 2022 after Politan Capital Management took a stake in Centene. Mr. Neidorff owns over 50,000 units of Centene stock worth over $552,351,296 and over the last 19 years he sold CNC stock worth over $83,099,100. Coventry Health Care and its subsidiaries would merge with Principal Health Care shortly after Mr. Neidorff's departure. ST. LOUIS - The St. Louis Blues released the following statement on the passing of Centene Corporation CEO Michael Neidorff: The St. Louis Blues, Enterprise Center and Stifel . This monumental donation is the single largest in the University's history. The reason for death has not been revealed.Michael F. Neidorff, who transformed a tiny medical insurance firm serving three counties in 1996 into a nationwide giant in government-backed health coverage, died after what his family described as a long illness https://t.co/oXrLn3H4xG The Wall Street Journal (@WSJ) April 8, 2022, Michael F. Neidorff, who transformed a tiny medical insurance firm serving three counties in 1996 into a nationwide giant in government-backed health coverage, died after what his family described as a long illness https://t.co/oXrLn3H4xG, Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. Centene said Thursday that Michael Neidorff, the companys longtime CEO, has passed away. care-management software, correctional systems health care, in-home health services . In acknowledgment of their support of the University, Washington University presented the couple with the Robert S. Brookings Award. In addition, he makes $26,438,400 as Chairman of the Board, President, and Chief Executive Officer at Centene. Fortune has an annual list of the Top 20 Business People of the Year. Editor at Ghanafuo.com! The $25 million donation of Michael Neidorff, a Trinity University board member, is the largest in the school's history. Food has always been a go-to for people in mourning. Ferguson, Mo., took the international spotlight for weeks as protests over the police shooting of Michael Brown spiraled into rioting and a massive police response. Home About Degree Programs Departments News and Events Research Study Abroad Choose Trinity for business Dedicated to students for their transformation. The architect of the Clayton-based managed health services provider's rapid expansion, former CEO and Chairman Michael Neidorff, died last week after what was described as a "lengthy illness.". 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. We also cannot address individual medical concerns or provide medical advice in this forum. However, they moved for Niedorffs work in 1985 after he accepted the position of president and chief executive officer at Physicians Health Plan of Greater St. Louis. Michael F. Neidorff was an American business entrepreneur who took charge of Centene Corp. from 1996 until March 2022. Giving to charity is a meaningful way to honor someone who has died. Their energy and enthusiasm are infectious. Under his leadership, Centene would expand into every state. Copyright © 2023 Becker's Healthcare. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. Centene now provides coverage to 25 million people and had $126 billion in revenues last year. Michael Neidorff and his wife, Noemi, both grew up on the East Coast. 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. 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. They now both serve on the board of trustees for the St. Louis Symphony with Noemi as vice chair and Michael as a life trustee. To plant trees in memory, please visit the. Sculley used her homestead exemption on the house, according to property records. She was so full of life and was a ray of sunshine to all of us who were lucky to know her!!! In March, he formally stepped down after Sarah London was named his replacement. No charges will be filed. In 1995, he was named CEO of Group Health Plan and vice president of Coventry Corp., the companys parent. 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. As a subscriber, you have 10 gift articles to give each month. 2022 Updated!! Opinions expressed by Forbes Contributors are their own. No questions asked.. The Neidorffs relationship with the university is bolstered by their deep admiration for the institution. I will miss her and her totally infectious laugh!!! Centene said a private family service will be held and a memorial service for family and friends will be held at a later date. Sierra sells thousands of items from brands around the, Read More 20 Things You Didnt Know about Sierra Trading PostContinue, James Cracchiolo is both the CEO and the Chairman of Ameriprise Financial. Can the 'Netflix' model of insurance work? What kind of arrangement is appropriate, where should you send it, and when should you send an alternative? Now work is underway to help . Jay Weston funeral, burial service, pictures, date, time, venue. 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. We want to help out where we are able to, Mr. Neidorff told The New York Times in 2017. [3], He earned a bachelor's degree in political science from Trinity University in 1965[4] and a master's degree in industrial relations at St. Francis University. Over the years, the Neidorffs have served as advocates and benefactors for dozens of these cultural and educational institutions, including Washington University. He was also active in philanthropy. His fellow health insurance company executives praised his work, calling him among the first to address patients in under-represented and underserved communities, said Matt Eyles, president and CEO of Americas Health Insurance Plans (AHIP), the trade and lobby for the health insurance industry. I write about healthcare business and policy, 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, the company announced Dec. 14, 2021. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Michael Neidorff, Centene's CEO and chairman, doesn't just have his fingerprints all over Centene's history his influence expands well across the payer landscape. The best poems for funerals, memorial services., and cards. Neidorff owns a luxurious home on Palm Beach. Home; Salary; VIP Salaries; Michael Neidorff; Salary Michael Neidorff. 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. After a series of mergers and acquisitions, Coventry would eventually end up as part of Aetna. Tuesday of board appointments that will be made Jan. 5, 2022. He was 79 years old at the time. The payer's board of directors is actively looking for Mr. Neidorff's successor. He is survived by his wife, Nomi; his brother, Robert; his sister, Susan Neidorff Reinglass; and his son, Peter. Michael Neidorff was 79. 1 of 2. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. He crafted a unique American corporate success story, and his dedication to providing inexpensive, high-quality health care to the worlds most vulnerable people changed lives all across the world. For faster navigation, this Iframe is preloading the Wikiwand page for Michael Neidorff . Neidorff must be a fan of the Palm Beach area as he also owns a property on South Palm Beach. Michaels rsum as a civic leader is as extensive as Nomis. 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. We are fortunate to have them as partners in our efforts to improve the quality oflife for people in our region and beyond.. The university helpsput St. Louis on the map., Their energy and enthusiasm are infectious. He served as the payer's president and chief executive officer from 1985 through 1995, supporting its rapid growth and establishing it as one of UnitedHealth Group's most profitable health plans at the time. 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. He first joined this company in 1996 and has played an integral role in the companys current success. When you look at the faculty and the work they are doing, you realize that Washington University has tremendous impact in St. Louis and around the globe, Nomi says. Send simple, comforting meals with Home Chef. 28, 2021. [1] [2] He was a 1961 graduate of Altoona High School. . Anyone can read what you share. Raquel Welch funeral, burial service, pictures, date, time, venue, David Carmine cause of death, wife, children, Harrison broadcaster's funeral. Researching, preparing, submitting, and managing event proposals for fundraising and donor . Do Not Sell or Share My Personal Information. In lieu of flowers, donations may be made to the Diabetes Association of St Louis or a charity of your choice. Neidorff joined Centene in 1996. American CEO Michael F. Neidorff Sadly Passed Away 10 months ago We are sorry to announce that American business executive Michael F. Neidorff passed away on Thursday, April 7, 2022, at the age of 79. Chromosome 18 Registry & Research Society. Press Esc to cancel. They promote the benefits of living there to everyone as they believe it has everything the bigger cities have but is more affordable and accessible. He's shown here at the 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. The 79-year-old Neidorff, who has been Centenes CEO since 1996, will become executive chairman at the health insurer, which is known for providing government-subsidized health insurance in the U.S., and will take on a new role as executive chairman. While other health insurers abandoned the Obamacare business of selling individual coverage under the Affordable Care Act, Centene not only kept providing such coverage through a difficult period in 2016 and 2017 but also expanded and is now the largest provider of such subsidized coverage under the law. The company says Neidorff passed away Thursday surrounded by his family and friends. Her love for her family knew no bounds and she was especially caring toward her younger brother, Peter. Centene grew into a national healthcare behemoth under Neidorffs leadership, with revenues surpassing $126 billion in 2021 as more Americans signed up for Medicaid, the low-income patient health insurance it administers through state contracts, and individual coverage under the Affordable Care Act, also known as Obamacare, reached new highs during the pandemic. They grew remarkably in Obamacare, she said. He led the company for 26 years and oversaw the company's growth to a Fortune 24 enterprise with revenues of over $125 billion . Michael passed away surrounded by his wife, family, and friends on Thursday, April 7, 2022, after a long illness. In recognition of their dedication and generosity, the university presented the Neidorffs with the RobertS. Brookings Award during Founders Day on October 28. He doubles as an alumni of the Trinity University and St. Francis College. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Aged 25 years old, OnlyFans model Courtney Clenney, Stabbed her boyfriend to death, Family, Is she arrested? At the time of the move, both were unfamiliar with the city. Mr. Neidorff entered the health insurance industry by founding UnitedHealth Group subsidiary Physicians Health Plan of Greater St. Louis. His continual support for hundreds of not-for-profit organizations was widely celebrated. His family said the cause was an infection. Neidorff owns a luxurious home on Palm Beach. Cookie Policy. Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. Michael Neidorff Work Experience and Education Work Experience Chairman & Chief Executive Officer Centene Corporation 2018-2020 Board Member St. Louis Regional Chamber & Growth Association 2016-2020 Chairman National Urban League Inc 2013-2019 Board Member The National Children's Cancer Society 2006-2018 Education bachelor's degree 20th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference, 8th Annual Health IT + Digital Health + RCM Conference, 29th Annual Meeting - The Business & Operations of ASCs, Digital Health + Telehealth Virtual Event, Why hospitals could be facing millions of newly uninsured patients this year, Large health system vs. payer profits in 2022, Bright Health has 'substantial doubt' about company's future, posts $669M Q4 loss, Medicare Advantage gross margins per enrollee are double other insurance markets, report finds, Humana, Aledade ink 10-year agreement for value-based senior primary care, North Carolina lawmakers reach Medicaid expansion deal, Humana lays out another $1.25B debt offering, Insurers accused of offering 'lavish vacations' to brokers for selling Medigap plans, MyChart message fees live on unstable ground, The 20% Medicare cut coming for hospitals, 'The house always wins': Insurers' record profits clash with hospitals' hardship, Meet America's largest employer of physicians: UnitedHealth Group, HHS to maintain COVID-19 public health emergency past January, HHS renews COVID-19 PHE for 11th time here's why, Humana laying off over 1,100 associates, shuttering all SeniorBridge locations, 50 things to know about Medicare Advantage, 'It's like a shakedown': Payers, providers ditch the hushed voices in their fights, CMS proposes rule to improve the prior authorization process, Apple reportedly launching health insurance in 2024, Insurers that face the largest potential Medicare Advantage payment clawbacks, Bright Health faces possible New York Stock Exchange delisting, Dr. Sachin Jain: It's time to end 'magical thinking' in healthcare, UnitedHealth to integrate behavioral, home health into growing number of value-based care models, Anthem Blue Cross axes $40K bill after patient appeals on TikTok, Federal judge rules against HHS again over surprise-billing arbitration rule, HHS extends COVID-19 public health emergency to April, UnitedHealth Group posts $4.9B profit in fourth quarter, Medicare Advantage plans deny the most inpatient level-of-care claims: report, California health system could split with UnitedHealth, Anthem, Cigna, Vanderbilt Health dropping Humana, Wellcare Medicare Advantage plans, 'Already a three-headed dragon': Medical groups rebuke judge's approval of UnitedHealth, Change merger, The elephant in the room: 'Insurtechs' aren't working, CVS reports $2.3B Q4 profit, will buy Oak Street Health, Why North Carolina unanimously chose Aetna over BCBS, Payers are steering their members to Mark Cuban's pharmacy. Michael F. Neidorff in 2019. According to the company, Neidorff had taken on a new job as executive chairman until the end of 2022, and he planned to retire later this year. ALL RIGHTS RESERVED. FUNERAL HOME Berger Memorial Chapel 9430 Olive Blvd Saint Louis, MO MONICA NEIDORFF OBITUARY Neidorff, Monica March 24, 2021. (314) 725-4477. 453 on the publication's list of largest companies to No. Published by St. Louis Post-Dispatch on Mar. The Neidorff School of Business at Trinity University offers an integrated, innovative undergraduate and graduate program for students who are well grounded in the liberal arts. On Tuesday, he said he has been in retirement talks since the summer. ST. LOUIS, Feb. 24, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene") announced today that its Board of Directors approved a request from Michael Neidorff, Chairman & Chief Executive Officer, for a medical leave of absence. In 2020, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million while laying off 3000 workers. 5. It now insures 25 million people. March 24, 2021. Today, the Neidorffs, who grew up on the East Coast, are among St. Louis greatest ambassadors. Sign up for service and obituary updates. He Serves on the St. Louis Symphony Board of Trustees, 8. Neidorff had taken on a new role as executive chairman until the end of 2022 and he planned to retire later this year, the company had announced in December. Mr. Neidorff expanded aggressively into the Medicaid market, despite concerns about whether it would be a successful venture. Michael F. Neidorff was an American business executive and was from 1996 until March 2022 CEO of Centene Corp. Michael Neidorff was the director of international consumer products at Miles Laboratories, and worked as president and chief executive officer of Physicians Health Plan of Greater St. Louis in the 1980s. For more than two decades, Michael was Centene Corporation's visionary CEO. Neomi's husband, Michael Neidorff, had taken a medical leave of absence and had been promoted to serve as an executive chairman until 2022. NPR's Scott Simon talks with Michael Neidorff, CEO of the health insurance company Centene Corporation, which has expanded coverage on the insurance marketplace even as other insurers have withdrawn. Words cannot express the sorrow that we are feeling here at the @ulstl upon the passing of our former @naturbanleague Chairman Michael F. Neidorff. For 26 years, Neidorff led the Clayton-based company, growing it from a small health-care provider to a Fortune 25 behemoth and the region's largest company. Louis. Garrett by trade is a personal finance freelance writer and journalist. That amount was roughly 1.5 times more than what Neidorff made in 2019. Please consider a donation as requested by the family. Is annual salary is currently estimated to have risen to $25.3 million. Early life and education [ edit] Neidorff was born in 1942 in Altoona, Pennsylvania. It's surprising how much a musical selection can affect mourning. Moreover, he has been in both of these positions ever since the corporation was spun off of American Express in September of 2005,, Read More 10 Things You Didnt Know about Ameriprise Financial CEO James CracchioloContinue, David Klein is the newly appointed CEO of Canopy Growth, one of the largest cannabis producers in the country of Canada. Six board members will be leaving and Michael Neidorff, 77, who has led Centene since 1996, will retire as CEO next year, the company said. He and His Wife Are Ambassadors of St. Louis, 7. The company he built provides health care for nearly one in 15 vulnerable Americans, Ms. London said in a statement. 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. This is a BETA experience. NEIDORFF--Michael F. (1943--2022). This summary is provided by Wikipedia: Michael Frederic Neidorff was an American business executive and was CEO of Centene Corp from 1996 to 2022. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. 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. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. Her memory lives within us forever. | Longtime Centene Corporation CEO Michael Neidorff has died, the company confirmed to multiple media . James Dallas, Centene's acting chairman, said the board sees . Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. A private family service will be held. ST. LOUIS - The Neidorff Family is hosting an event for hundreds of people on Sunday, October 30. Foardat jo it haadnderwerp yngeane: Centene Jobs. Monica loved children; loved laughter and life. All registered. For ten years, Michael Neidorff was a member of the Brown School National Council at Washington University. Michael Neidorff, CEO of health insurance company Centene, made almost $59 million in 2020, according to calculations from the company's preliminary financial documents. Michael Neidorff married Nomi Neidorff, with whom he had two children. Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020.