Under Neidorff, Centene had grown into a national player in the Medicaid business as well as individual coverage under the ACA known as Obamacare. For ten years, Michael Neidorff was a member of the Brown School National Council at Washington University. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. 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 . Louis. Whether you are part of our community or are interested in joining us, we welcome you to Washington University School of Medicine. He graduated from Altoona High School in 1961. 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. 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. Centene CEO Michael, age 77-78, has lived in St. Louis since 1985. Neidorff was born in 1942 in Altoona, Pennsylvania. The same year, Mr. Neidorff helmed the acquisition of the payer's first subsidiary, nurse triage company NurseWise. 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. 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 was Centene Corporation's visionary leader for more than 25 years. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. [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. 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. You may opt-out by. 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 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. He graduated from Trinity University and St. Francis College with a Master of Arts degree. To be effective, boosters should target variants widely different from COVID-19 virus's original strain. Michael Neidorff, the founder of Centene Corp. and a pillar of the St. Louis business community, died on Thursday at the age of 79. 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. In 2021, Michael Neidorff '65 and the Neidorff Family Trust gave $25 million for the University's AACSB-accredited business school. Early on, he said, Mr. Neidorff recognized that fewer people were likely to be insured through their employer while the government programs were growing.. CLAYTON Longtime Centene Corp. leader Michael Neidorff, a pillar of the St. Louis business community, died on Thursday at the age of 79. 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. As part of the collaboration, Centene committed to funding of up to $100 million over 10 years in research at the School of Medicine. A private family service will be held. [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. 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. The couple has two children. Michael Neidorff grew up in Altoona, Penn., and earned his bachelors degree from Trinity University in San Antonio and his masters degree from St. Francis College (now St. Francis University). His continual support for hundreds of not-for-profit organizations was widely celebrated. Opinions expressed by Forbes Contributors are their own. Michael Neidorff was a visionary leader in healthcare. He first joined this company in 1996 and has played an integral role in the companys current success. At the time of the move, both were unfamiliar with the city. [3][5][6], In the 1980s, 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. His continual support for hundreds of not-for-profit organizations was widely celebrated. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. 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. 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.. 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 graduated from Trinity University and St. Francis College with a Master of Arts degree. This copy is for your personal, non-commercial use only. 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. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. After a long illness, Michael F. Neidorff passed away surrounded by his family and friends on Thursday, April 7, 2022, Centene said in a statement and obituary released on behalf of Neidorffs family. "Our hearts go out to Noemi and the Neidorff family. died Thursday after what his family described as a lengthy illness. Michael was an extraordinary friend, alumnus, and Trustee, giving his leadership and support to Trinity for many decades. With his wife, Neidorff founded the Neidorff Family and Robert C. Packman Professorship at the School of Medicine. The professorships in their names will support research efforts in virology and immunology, areas in which Washington University has been internationally renowned and that are ever more important in helping our world confront current and future pandemic viral diseases. [22][23] The main concert hall at the Manhattan School of Music is named in their honor. We've detected you are on Internet Explorer. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. Michael Neidorff, Neomi's husband, had taken a medical leave of absence and had been promoted to executive chairman until 2022. Michael F. Neidorff, the long-time chief executive of U.S. health insurer His cause of death has not been disclosed. Mr. Neidorff rebranded the payer, which was formerly known as Family Hospital Physician Associates, as Centene Corp. Without asking any questions, Michael said, whatever you need us to do to minimize disruption, we will do it. And he did. (Photo by Steven Ferdman/Getty Images). He was dedicated to supporting arts and civic organizations. He Has Strong Links with Washington University, Dont Call My Bluff: Leveraging a Job Offer for a Raise, Kubota Introduces Robotic Tractor Concept That Could be a Game Changer, The 20 Most Notable Temple University Alumni in Business, 10 Things You Didnt Know about Philip Morris CEO Andr Calantzopoulos, 10 Things You Didnt Know About Anil Stocker, The 10 Best Places to Live in The Bronx, NY, How Kendra Scott Achieved a Net Worth of $580 Million, How GloRilla Achieved a Net Worth of $800,000. This article about a United States businessperson is a stub. Trinity University is getting a $25 million donation from alumnus Michael Neidorff, chairman and CEO of St. Louis-based Centene Corp. (NYSE: CNC), and the Neidorff Family Trust.The donation is the . 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. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. For those who are curious, the machine is an electric tractor that can operate 100 percent on its own. He graduated from Trinity University and St. Francis University with a Master of Arts degree. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. He was 79. 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. 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. Michael Neidorff has been named as the highest paid executive in St. Louis for the third year running. He became the chief executive officer of Centene, which was then known as Coordinated Care Corp., the following year. Most recently, Neidorff was one of 16 executives tapped by the White House for its newly formed economic recovery task force, a group also comprised of economists, scholars and industry leaders. . The couple designated the cash prize that accompanies the award to Washington Universitys College Prep Program. Michael F. Neidorff in 2019. During his tenure, he served as president of the Barnes-Jewish Hospital Medical Staff Association, chaired the Barnes Hospital Medical Records Committee, served on the School of Medicine admissions committee, and chaired the Barnes Hospital Pharmacy and Therapeutic Committee. 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. 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. He Also has a South Palm Beach Property, 6. Another significant moment during his leadership was when his company Centene acquired Health Net in March 2016 for $6 billion. He was 79. Centene chief executive Michael Neidorff will retire next year and a new board will be created to . The funding already has galvanized the schools Personalized Medicine Initiative. When our backs were against the wall, hundreds of thousands of people were going to lose coverage, Slavitt said in an interview Thursday. Michaels love and devotion for his family knew no bounds. He was 79. . Early life and education Neidorff was born in 1942 in Altoona, Pennsylvania. In 2020 he bought WellCare, a Florida Medicare Advantage insurer. He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. He believes in improving the health of communities by providing high-quality care at reasonable costs. "It wasn't just financial. 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. The St. Louis Jewish Light is a community partner with Jewish Federation of St. Louis. The couple has a deep and longstanding commitment to advancing human health, and highlighting and building on the strengths of the St. Louis region. [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. A nonprofit, independent news source to inform, inspire, educate and connect the St. Louis Jewish community. She was already friends with some members of the St. Louis Symphony before they moved to the city. This site uses Akismet to reduce spam. Last September, he donated $25 million to Trinity for the Michael F. Neidorff School of Business. [3] 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. Packman served as an outstanding clinician for many years, and Daniels continues to serve in this role, as an internist and endocrinologist. 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. 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. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City.