We can choose to stand on the sidelines and watch things happen, or we can work to help make things better, says Michael Neidorff, who has served as chairman and CEO of St. Louisbased Centene Corporation since 1996. 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. For more than two decades, Michael was Centene Corporation's visionary CEO. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. In lieu of flowers donations may be made to the Diabetes Association of St Louis https://www.diabetes.org/community/local/-offices/missouri or a charity of your choice. He will become executive chairman but will not keep. (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.. Michael shares a story from her childhood: At age 4, she came home from a dance lesson, went to the piano and without any training or instruction, played the entire song from the lesson by ear, he says. He was CEO of Centene Corp from 1996 until March 2022. Michael became CEO of Centene in 1996 and oversaw the company's growth from a $40 million single-health plan to a $125 billion conglomerate with 25 million clients. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Wy soene wat eftergrnstdzjes behannelje. bergermemorialchapel.com for more information. He was among the first to drive a transformation from health insurance to health care solutions focusing on whole-person health and holistic well-being physically, mentally, and financially for the millions of people that Centene served, Eyles said. Greater St. Louis, Inc. released a statement on Neidorff's . A private family service will be held. Centene said a private family service will be held and a memorial service for family and friends will be held at a later date. Opinions expressed by Forbes Contributors are their own. Coventry Health Care and its subsidiaries would merge with Principal Health Care shortly after Mr. Neidorff's departure. It was reported that Neidorff paid $6.3 million for the four-bedroomed home. 453 on the publication's list of largest companies to No. Our strategy has been consistent for the past20 years, Michael says. 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. He was a very good sport, Nomi says. It was obvious they needed a complete change, said Robert Ditmore, a longtime Centene board member who was involved in the company. LOUIS (KMOV) -- Michael Neidorff, who led Clayton-based Centene Corporation for 26 years as CEO and president, died at 79 years old. Please know your family is in our thoughts and prayers . We zouden enkele achtergrondstudies behandelen. 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.. The Centene CEO Passed Away From Illness February 17, 2023 by zahsy salsabila After a prolonged contamination, Michael F. Neidorff exceeded away on Thursday, April 7, 2022 surrounded by means of his circle of relatives and friends. Do Not Sell or Share My Personal Information. "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's Neidorff To Step Down As CEO Amid Deal With Activist Investor", "Centene Promotes Tech And Healthcare Strategist Sarah London To CEO Job", "Joe Biden Wants to End Prison Profiteering. 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. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. Neidorff had taken a medical leave of absence two months ago and. He is One of the Top 20 Business People, 3. 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. Neidorff was born in 1942 in Altoona, Pennsylvania. 7700 Forsyth Blvd. Neidorff started at Centene in 1996 when it was a single health plan. Last September, he donated $25 million to Trinity for the Michael F. Neidorff School of Business. No charges will be filed. Mr. Neidorff has been recognized by Fortune twice as a Business Person of the Year once in 2015 and once in 2017. 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. Beloved daughter, sister, niece, cousin, compassionate friend to. I always enjoyed talking to her when she would call. Neidorff joined Centene in 1996. [7][9], In 2018, Neidorff was one of the executives named in a lawsuit claiming that Centene failed to disclose Health Net's potential tax exposure prior to their acquisition. Some basic help and starters when you have to write a tribute to someone you love. Memorial donations in his name may be sent to the Siteman Cancer Center, the Opera Theatre of Saint Louis, the St. Louis Symphony Orchestra, the Jewish Federation of St. Louis, or a charity of your choice. [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. He was 79. Michael Neidorff and his wife, Noemi, both grew up on the East Coast. In 2016, Centene became a partner in the Envolve Center for Health Behavior Change, an industry-academic collaboration with the Brown School and Duke University. We really dont spend time thinking about our legacy, Michael says. Their commitment reflects a passion for service and a belief in the importance of investing inpeople and communities. In 2022, Mr. Neidorff will end his tenure leading Centene, closing another chapter in his nearly four decades in the health insurance industry. After a quick search for the social media reach of Michael, we werent able to find him on any sort of social platform. | Longtime Centene Corporation CEO Michael Neidorff has died, the company confirmed to multiple media . https://www.diabetes.org/community/local/-offices/missouri. Centene Corp. (NYSE: CNC) said Tuesday that its chairman and CEO, Michael Neidorff, plans to retire from his CEO role next year, as it also announced changes to its board. Born in Budapest, Hungary, she grew up listening to opera and classical music, and her family lived around the corner from the Hungarian State Opera House. Another significant moment during his leadership was when his company Centene acquired Health Net in March 2016 for $6 billion. There will be a special family service and a memorial ceremony for family and friends. He Owns a Luxurious North Palm Beach Property, 5. He was 79. When our backs were against the wall, hundreds of thousands of people were going to lose coverage, Slavitt said in an interview Thursday. In 2022, Mr. Neidorff will end his tenure leading Centene, closing another chapter in his nearly four decades in the health insurance industry. I so enjoyed working with Monica when she worked part time for us at Ladue Florist while she was attending Saint Louis University. All registered. Neomi's husband, Michael Neidorff, had taken a medical leave of absence and had been promoted to serve as an executive chairman until 2022. [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. 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. After a series of mergers and acquisitions, Coventry would eventually end up as part of Aetna. Louis News: FOX 2 covers news, weather, and sports in Missouri and Illinois. 66 over the course of five years. 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. 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. He was 79 years old at the time. Information and advice to help you cope with the death of someone important to you. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. 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.". Send simple, comforting meals with Home Chef. CEO - Centene Corporation - United States . [1][2] He was a 1961 graduate of Altoona High School. His cause of death has not been disclosed. 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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. Over the years, the Neidorffs have served as advocates and benefactors for dozens of these cultural and educational institutions, including Washington University. 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. Sign up for service and obituary updates. Michael was raised in Altoona, Pennsylvania. At the tail end of 2021, Mr. Neidorff announced his retirement from the payer, ending a 25-year tenure leading Centene. We'll help you find the right words to comfort your family member or loved one during this difficult time. Mr. Neidorff rebranded the payer, which was formerly known as Family Hospital Physician Associates, as Centene Corp. Under his leadership, Centene would expand into every state. 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. Their commitment reflects a passion for service and a belief in the importance of investing in people and communities. 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. Who Is Noemi Neidorff? Michael F. Neidorff was an American business entrepreneur who took charge of Centene Corp. from 1996 until March 2022. Receive all blessings for the family. Michael Neidorff married Nomi Neidorff, with whom he had two children. The cause of his death has not been revealed. ALL RIGHTS RESERVED. You have funeral questions, we have answers. That amount was roughly 1.5 times more than what Neidorff made in 2019. Michael Neidorff was married and has two children with Nomi Neidorff. He is survived by his wife, Nomi; his brother, Robert; his sister, Susan Neidorff Reinglass; and his son, Peter. John Tozzi. The company says Neidorff passed away Thursday surrounded by his family and friends. Technology will play a key role in our growth and continued innovation, allowing us to become an . Under his leadership, Centene has grown substantially, from 40,000 covered members when he took the helm to more than 12 million members in 28 states today. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Early life and education [ edit] Neidorff was born in 1942 in Altoona, Pennsylvania. This summary is provided by Wikipedia: Michael Frederic Neidorff was an American business executive and was CEO of Centene Corp from 1996 to 2022. In 1965, he graduated from Trinity University with a bachelors degree in political science and a masters degree in industrial relations from St. Francis College. John Tozzi. NEIDORFF--Michael F. (1943--2022). A neighbor in Elkhart, Indiana, where Michael was an executive with chemical and pharmaceutical company Bayer AG, mentioned the city had a terrific zoo. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. McKay's endowed position at Washington University was made possible by a $5 million commitment from Michael and Nomi Neidorff leading patrons of cultural and educational institutions in St. Louis and beyond and the Centene Charitable Foundation. We think it is our obligation to make things better., That philosophy aligns with the mission of Centene, a Fortune 500 company that specializes in providing health-care plans through Medicaid, Medicare and the federal health insurance marketplace. Unless you are experienced as an estate executor, you probably should hire an attorney. She had a million dollar personality, so very friendly and outgoing!! Home; Salary; VIP Salaries; Michael Neidorff; Salary Michael Neidorff. For more than two decades, Michael was Centene Corporations visionary CEO. Dearest Noemi and Michael, my heart aches for you during this time. Mr. Neidorff expanded aggressively into the Medicaid market, despite concerns about whether it would be a successful venture. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Business at Trinity A private family service will be held. When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. Michaels rsum as a civic leader is as extensive as Nomis. Mary Lee is director of development communications. Michael F. Neidorff (1943 - April 7, 2022) was an American business executive. He was 79 years old when he passed away. For some people, the best send-off is one that they would have loved to attendthemselves: a big party. Chromosome 18 Registry & Research Society. 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. He also served as president and chief executive officer of St. Louis-based Group Health Plan, a Coventry subsidiary. Michael and Nomi Neidorff are two of St. Louis most dedicated citizens. Her memory lives within us forever. In 2016, he acquired a California insurer, Health Net, which offered private plans for another government program, Medicare. Neidorff owns a luxurious home on Palm Beach. Michael F. Neidorff in 2019. Centene Corp. Chief Executive Michael Neidorff will take a medical leave of absence effective immediately for what he called "a treatable medical condition," according to a company . In March, he formally stepped down after Sarah London was named his replacement. Michael Neidorff was 79. His daughter, Monica Neidorff, died in 2021. Please visit. LOUIS Michael Neidorff, the longtime CEO of Centene, has died after battling a lengthy illness, the company announced Thursday. I had questions about Medicaid; is it going to work? Mr. Ditmore said. care-management software, correctional systems health care, in-home health services . 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. I will be praying for you and family. Brian and Daniel spoke with Julie Schuster about the concert, which will feature music of Francis Poulenc, Fritz Kreisler, and Johannes Brahms She went on to earn bachelors and masters degrees from the Manhattan School of Music and currently serves on the schools executive committee. She was already friends with some members of the St. Louis Symphony before they moved to the city. Cookie Policy. Michael Frederic Neidorff was an American business executive and was CEO of Centene Corp from 1996 to 2022. 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. To offer your sympathy during this difficult time, you can now have memorial trees planted in a National Forest in memory of your loved one. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Neidorff paid about $1,400 per square foot for the five-bedroom home, which was built in 1961. [15][16] Neidorff and his wife Nomi, the former board chair of the Opera Theatre of St. Louis, were patrons to the arts and supported many music and educational organizations in Missouri and elsewhere. Aged 54, Wife, Family. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. 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. Bloomberg: It's time to end the public health emergency, CMS cracks down on Medicare Advantage TV marketing, UnitedHealth Group names chief innovation officer, CVS 'disappointed' in Medicare Advantage enrollment, plans to increase star rating, UnitedHealth, Walmart partner on value-based senior care, will launch co-branded health plan, New payer price transparency rules take effect Jan. 1, Oklahoma hospital warning of possible UnitedHealthcare dispute ahead of enrollment deadline, Cigna claims exec's departure to CVS violated noncompete agreement, Why 2023 could bring Medicare Advantage challenges for payers, 8th Annual Becker's Health IT + Digital Health + RCM Annual Meeting. Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart, https://www.nytimes.com/2022/04/15/business/michael-f-neidorff-dead.html. Copyright © 2023 Becker's Healthcare. 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. They are honored to be acknowledged, yetthey continue to focus on the work that remains tobe done. On Tuesday, he said he has been in retirement talks since the summer. Michael Neidorff, the former longtime leader of Centene, died Thursday after a lengthy illness, his wife said in a statement conveyed by the company. In the 21st century, it's not just urns and gravestones anymore. Please, no personal attacks, obscenity or profanity, selling of commercial products, or endorsements of political candidates or positions. Michael passed away surrounded by his wife, family, and friends on Thursday, April 7, 2022, after a long illness. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. Michael Neidorff was one of the most philanthropic individuals in the country. He transformed a small company into a corporation focused on providing health insurance under government programs. Private graveside service was held at Beth Hamedrosh Hagodol Cemetery, Thurs. Mr. Neidorff made several key acquisitions to add to Centenes depth. Their energy and enthusiasm are infectious. Pianist Brian Woods, who is also the Music Director at the World Chess Hall of Fame, and violinist Daniel Dastoor will perform together as the Dastoor-Woods Duo tomorrow night, March 2, at WCHOF. He was a bulldog with a bone in his mouth.. Neidorff transformed the St. Louis . We think about today and what we can do to give back to the community now.. He first joined this company in 1996 and has played an integral role in the companys current success. 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.". This year the company completed the purchase of Magellan Health, which specialized in providing mental health benefits. 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 doubles as an alumni of the Trinity University and St. Francis College. The university will name its business school after him, to be . He was 79. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. [10], In April 2020, Neidorff joined the White House economic recovery task force on reopening the United States after the COVID-19 pandemic.[11]. He led the company for 26 years and oversaw the company's growth to a Fortune 24 enterprise with revenues of over $125 billion . It will be held at a later date to be announced to commemorate his exceptional life and legacy. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. Mr. Neidorff stepped into his current position as Centene's CEO and president in 1996 during the company's expansion into Indiana. A private family service will be held.