When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. Michael Neidorff made it on to this list in 2017 in 17th position. 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. pic.twitter.com/Wj2GWg8QW1. One of Politans concerns was Centene had lower margins than its peer health insurers while its board had several long-time members and needed fresh perspective, according to reports and sources close to the company. 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. He first joined this company in 1996 and has played an integral role in the companys current success. Tuesday of board appointments that will be made Jan. 5, 2022. He went on medical leave as Executive Chairman in February and planned to retire at the end of this year. Michael was an extraordinary friend, alumnus, and Trustee, giving his leadership and support to Trinity for many decades. Michael Frederic Neidorff (November 19, 1942 April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. In 2020 he bought WellCare, a Florida Medicare Advantage insurer. 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. When Mr. Neidorff joined Centene as chief executive in 1996, the insurer, then known as Coordinated Care, offered a single health plan and had $40 million in sales. The Niedorff family were members of both Traditional Congregation and Kol Rinah. Scientists are starting to understand why, Rabbi Harold Kushner, whose works of practical theology were best-sellers, dies at 88, Former St. Louis artists baby album for daughter documents Israels founding, Tucker Carlsons senior producer repeatedly made antisemitic comments to Jewish staffers, lawsuit claims, Jewish doctors in the Warsaw Ghetto secretly documented the effects of Nazi-imposed starvation, Two ways to see Dale Chihuly artwork and how living on a kibbutz changed his life, Greetings from Mirowitz Gala Set for May 7, Rep. Ann Wagners resolution honoring Israels 75th passes. 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. No questions asked.. Michael was Centene Corporation's visionary leader for more than 25 years. Michael and Nomi Neidorff have long supported biomedical research at Washington University. 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. Manhattan School of Music echoes that sentiment, and we send our deepest condolences to Michael's family. 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. Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Michael Neidorff was married and has two children with Nomi Neidorff. . He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. died Thursday after what his family described as a lengthy illness. Centene said Thursday that Michael Neidorff, the companys longtime CEO, has passed away. Early life and education Neidorff was born in 1942 in Altoona, Pennsylvania. (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. 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. 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. He kept pushing for it, Mr. Ditmore said. 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. 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. For those who are curious, the machine is an electric tractor that can operate 100 percent on its own. (Photo by Steven Ferdman/Getty Images). A cause of death was not disclosed. 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. When our backs were against the wall, hundreds of thousands of people were going to lose coverage, Slavitt said in an interview Thursday. He was 79 years old when he passed away. To be effective, boosters should target variants widely different from COVID-19 virus's original strain. 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. Michael Neidorff was one of the most philanthropic individuals in the country. As a result of this acquisition, Centene became the largest Medicaid managed-care provider in the United States. I had questions about Medicaid; is it going to work? Mr. Ditmore said. In the past few months, some of the most gifted research groups at our School of Medicine have pivoted to an exclusive focus on COVID-19, investigating all aspects of the virus and how it interacts with the body so we can develop drugs and vaccines to block it. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. Michael was Centene Corporations visionary leader for more than 25 years. In 2017, Neidorff was named to Fortunes Businessperson of the Year list. You can learn more about Neidorff and see additional video tributes online. 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. With his wife, Neidorff founded the Neidorff Family and Robert C. Packman Professorship at the School of Medicine. Garrett by trade is a personal finance freelance writer and journalist. His continual support for hundreds of not-for-profit organizations was widely celebrated. 2001-2004 [20][21] 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. 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. He was born in 1942 in Altoona, Pa., to A. Harvey Neidorff, a physician, and Shirley Rubin Neidorff, a nurse. Centene now provides coverage to 25 million people and had $126 billion in revenues last year. Michael's love and devotion for his family knew no bounds. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. Already a subscriber? Mr. Neidorff made several key acquisitions to add to Centenes depth. Michael was Centene Corporations visionary leader for more than 25 years. 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. 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. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. He was 79 years old at the time. "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. He grew up in Altoona, Pennsylvania. In 2020, she won a bronze for "Minds quality control center found in long-ignored brain area" and in 2022 a silver for "Mice with hallucination-like behaviors reveal insight into psychotic illness.". 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. Since 1990, he has served as a member of the board of directors for the Greater St. Louis Boy Scouts of America. He Also has a South Palm Beach Property And Centene under Neidorff expanded into the business of Medicare Advantage, the privatized health benefits myriad health insurers offer seniors via contracts with the federal government. In 2016, he acquired a California insurer, Health Net, which offered private plans for another government program, Medicare. The couple has a deep and longstanding commitment to advancing human health, and highlighting and building on the strengths of the St. Louis region. 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. Through its affiliations with Barnes-Jewish and St. Louis Childrens hospitals, the School of Medicine is linked to BJC HealthCare. Centene said Thursday that Michael Neidorff, the company's longtime CEO, has passed away. His daughter, Monica Neidorff, died in 2021. Gift to establish endowed professorships recognizing Robert C. Packman, John S. Daniels. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. In 2015, they were honored with the Jane and Whitney Harris St. Louis Community Service Award in recognition of their efforts on behalf of the St. Louis region. 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 is the Highest Paid Executive in St. Louis, 4. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Fortune has an annual list of the Top 20 Business People of the Year. Trinity University Trustee and major benefactor Michael Neidorff '65 died on Thursday, April 7. It is one of the oldest universities in the United States, with its roots going back to the year 1884. 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. [17] Neidorff also served as a board member for the Greater St. Louis Boy Scouts of America, Manhattan School of Music, Opera Theater of St. Louis, and St. Louis Symphony Orchestra, and was the Chairman of the Board of Trustees at Trinity University. It was reported that Neidorff paid $6.3 million for the four-bedroomed home. Scientists are starting to understand why, Rabbi Harold Kushner, whose works of practical theology were best-sellers, dies at 88, Former St. Louis artists baby album for daughter documents Israels founding, Tucker Carlsons senior producer repeatedly made antisemitic comments to Jewish staffers, lawsuit claims, Jewish doctors in the Warsaw Ghetto secretly documented the effects of Nazi-imposed starvation, Two ways to see Dale Chihuly artwork and how living on a kibbutz changed his life, Greetings from Mirowitz Gala Set for May 7, Rep. Ann Wagners resolution honoring Israels 75th passes. We treat our patients and train new leaders in medicine at Barnes-Jewish and St. Louis Children's hospitals, both ranked among the nations best hospitals and recognized for excellence in care. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022, surrounded by his family and friends. Michael's love and devotion for his family knew no bounds. 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. 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. She has received two Robert G. Fenley writing awards from the American Association of Medical Colleges. 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. The Neidorffs have long supported efforts to strengthen the St. Louis community. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. We were interested in learning more about how Mr. Stocker achieved success in business at an, Read More 10 Things You Didnt Know About Anil StockerContinue. Michaels love and devotion for his family knew no bounds. The Neidorff family has long been impressed with the quality of care delivered by physicians at the School of Medicine. A native of Budapest, Hungary, Nomi Neidorff fled the country with her parents during the 1956 Hungarian Revolution. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. It was that vision that grew Centene from a regional business to one of the nations leading health insurance providers, delivering better health every single day for so many Americans., Neidorff was described by the St. Louis Post-Dispatch in a report Thursday as a pillar of the St. Louis business community who turned Centene into a major philanthropic donor in the region.. He has led a huge expansion in the company and it now has over 12 million members across 28 states in the United States. Findings point to brain areas that integrate planning, purpose, physiology, behavior, movement. At the time of the move, both were unfamiliar with the city. 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. Beloved daughter, sister, niece, cousin, compassionate friend to so many. Added Nomi Neidorff: Dr. Michael was raised in Altoona, Pennsylvania. 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. "Our hearts go out to Noemi and the Neidorff family. His continual support for hundreds of not-for-profit organizations was widely celebrated. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. Centene.com uses cookies. 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. As such, he has what one might call a rather challenging task, seeing as how his corporation doesnt exactly have the best of reputations in a, Read More 10 Things You Didnt Know about Philip Morris CEO Andr CalantzopoulosContinue, Anil Stocker is a businessman and entrepreneur who serves as the chief executive officer of a company called MarketFinance. His wife is Noemi. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. Aged 54, Wife, Family. 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. 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. Longtime CEO of Centene Health Insurance, Michael Niedorff, has died at the age of 79. Neidorff was Centene Corporation's visionary leader for more than 25 years. ", This is a BETA experience. Furthermore, it is, Read More Kubota Introduces Robotic Tractor Concept That Could be a Game ChangerContinue, Temple University is located in Philadelphia, Pennsylvania. Michael Neidorff, Neomi's husband, had taken a medical leave of absence and had been promoted to executive chairman until 2022. Mr. Neidorff took the company public in 2001. 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. 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. 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. "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. as Obamacare hit record levels during the pandemic. A private family service will be held. Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020. Robert C. Packman and Dr. John S. Daniels are pillars of the St. Louis medical community, and these professorships will ensure their commitment to excellence in their respective fields is continued for generations.. [12] During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. 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. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. 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. He Serves on the St. Louis Symphony Board of Trustees, 8. 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. Neidorff had taken a medical leave of absence two months prior, and Sarah London, an internal Centene employee, was elected CEO last month, succeeding Neidorff, who had been the companys CEO since 1996. Michael died on Thursday, April 7, 2022, surrounded by his wife, family, and friends, after a long illness. A private family service will be held. In March, he formally stepped down after Sarah London was named his replacement. I write about healthcare business and policy. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It was reported that Neidorff paid $6.3 million for the four-bedroomed home. Michael F. Neidorff, who as chief executive officer of Centene Corp. transformed a tiny medical insurance firm serving three counties in 1996 into a . 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.