TAMPA, Fla., Jan. 21, 2020 /PRNewswire/ -- WellCare Health
Plans, Inc. (NYSE: WCG) has once again been named to Fortune
magazine's "World's Most Admired Companies" list.
"This is a testament to the hard work and dedication of
WellCare's more than 14,000 associates who live our values and
deliver on our mission of helping our 6.4 million members live
better, healthier lives each and every day," said WellCare CEO
Ken Burdick.
A Mission to Serve
As a leading provider of managed
care services, primarily through Medicaid, Medicare Advantage and
Medicare Prescription Drug Plans, WellCare prides itself on its
strong mission to serve.
"Our growth is made possible because our associates never lose
sight of what's most important—serving our members, working with
our providers and partners, and giving back to our communities,"
said Burdick.
For example, over the past decade, the company has put a focus
on "social determinants of health" – the social and economic
factors outside of the doctor's office that can impact health like
where a person lives, what they eat, how secure they feel, and how
connected they are to those around them.
Through its Community Connections program, WellCare leverages
more than 500,000 social services organizations in its members'
local communities to help remove social barriers, such as
transportation limitations and housing complications that might
deter consistent care. Since 2011, Community Connections has
provided nearly half a million referrals to those in need.
Being community-minded is also a point of pride for the company
and its employees. In 2019, WellCare committed nearly $2 million through the WellCare Community
Foundation to the communities it serves, and WellCare associates
volunteered more than 40,000 hours, representing a 75% corporate
volunteer rate among the company's employees – more than double the
national average.
Rewarding Opportunities for Associates and a Focus on
Diversity & Inclusion
WellCare offers a wide-range of
programs and career development opportunities to attract and retain
top talent to the managed care industry, including a summer
internship program, continuing education and professional
development, health and wellness programs, and competitive benefits
designed with work-life balance in mind.
The company has also made a commitment to promoting diversity
and inclusion in the workplace. As a result, WellCare established a
Diversity Council; signed the national CEO Action for Diversity and
Inclusion pledge joining hundreds of CEOs to encourage more
inclusive workplaces; and established seven Associate Resource
Groups (ARGs) across the enterprise.
As a result of these company-wide initiatives, WellCare received
scores of 100% on the Disability Equality Index and on the Human
Rights Campaign's Corporate Equality Index, which measures
companies based on their corporate policies and practices related
to LGBTQ+ workplace equality. Forbes magazine named WellCare
a 2019 "Best Employer for New Grads," and for the third year in a
row, WellCare was named to Points of Light's The Civic 50,
distinguishing it as one of the most community-minded companies in
the country.
"Our team is producing operational and clinical excellence,
growth in our businesses, rewarding career opportunities for our
associates and is giving back to our local communities," added
Burdick. "These dedicated efforts have created unparalleled value
for our members, providers, government partners and the communities
we serve."
The "World's Most Admired Companies" list is the definitive
report card on corporate reputation and is developed annually by
Fortune and Korn Ferry. The
study surveys top executives and directors from eligible companies,
along with financial analysts, to identify the companies that enjoy
the strongest reputations within their industries and across
industries based on nine criteria, from investment value and
quality of management and products to social responsibility and
ability to attract talent. A company's score must rank in the top
half of its industry survey to be listed.
To learn more about the Fortune 2020 "World's Most
Admired Companies" list, visit
http://fortune.com/worlds-most-admired-companies.
About WellCare Health Plans, Inc.
Headquartered in
Tampa, Fla., WellCare Health
Plans, Inc. (NYSE: WCG) focuses primarily on providing
government-sponsored managed care services to families, children,
seniors and individuals with complex medical needs primarily
through Medicaid, Medicare Advantage and Medicare Prescription Drug
Plans, as well as individuals in the Health Insurance Marketplace.
WellCare serves approximately 6.4 million members nationwide as of
September 30, 2019. For more
information about WellCare, please visit the company's website at
wellcare.com.
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SOURCE WellCare Health Plans, Inc.