Over the next 25 years, he transformed it into a corporation that focused on providing health insurance under government programs like Medicaid and Medicare. In 2014, the couple established the Neidorff Family and Robert C. Packman Professorship at the School of Medicine, named in honor of Packman, AB '53, MD '56, senior vice president for medical affairs at Centene and a professor of clinical medicine at the university for more than 35 years. Centene now provides coverage to 25 million people and had $126 billion in revenues last year. LOUIS Michael Neidorff, the longtime CEO of Centene, has died after battling a lengthy illness, the company announced Thursday. He became the chief executive officer of Centene, which was then known as Coordinated Care Corp., the following year. When our backs were against the wall, hundreds of thousands of people were going to lose coverage, Slavitt said in an interview Thursday. Mr. Neidorff made several key acquisitions to add to Centenes depth. He was 79. 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). Aged 54, Wife, Family. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. He was 79 years old at the time. Michael's love and devotion. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. He was 79. . Also, the Neidorffs along with Centene endowed the Neidorff Family and Centene Corporation Dean of the Brown School, held by Mary McKay. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022, surrounded by his family and friends. The couple has two children. Learn how your comment data is processed. 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. On Sunday, those family and friends came together along with hundreds of invited guests, dignitaries, and colleagues to celebrate his love for them, his visionary legacy for transformational healthcare, commitment to community, philanthropy, and inclusion. Michaels love and devotion for his family knew no bounds. Added Nomi Neidorff: Dr. 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. "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. [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. Under Neidorff, Centene had grown into a national player in the Medicaid business as well as individual coverage under the ACA known as Obamacare. Michael F. Neidorff, who as chief executive officer of Centene Corp. transformed a tiny medical insurance firm serving three counties in 1996 into a . Former Chairman and CEO of Centene, Michael F. Neidorff has died, the company announced April 7, 2022. 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. Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. 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. Both have been lauded for providing compassionate and meticulous care for patients. Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart, https://www.nytimes.com/2022/04/15/business/michael-f-neidorff-dead.html. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. She was already friends with some members of the St. Louis Symphony before they moved to the city. This copy is for your personal, non-commercial use only. A search for a new CEO is underway, Centene said. St. Louis Post-Dispatch in a report Thursday. 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. He Owns a Luxurious North Palm Beach Property, 5. His cause of death has not been disclosed. 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. [22][23] The main concert hall at the Manhattan School of Music is named in their honor. 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. He is the Highest Paid Executive in St. Louis, 4. 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. [16] In 2017, the Saint Louis Dispatch named Neidorff the Citizen of the Year, after he spearheaded the opening of a Centene office in Ferguson, Missouri in 2016. He was dedicated to supporting arts and civic organizations. [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. The Niedorff family were members of both Traditional Congregation and Kol Rinah. This year the company completed the purchase of Magellan Health, which specialized in providing mental health benefits. In the 1980s, Neidorff served as president and chief executive officer of Physicians Health Plan of Greater St. Louis, as well as director of worldwide consumer products at Miles Laboratories. For the best Barrons.com experience, please update to a modern browser. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Packman served as an outstanding clinician for many years, and Daniels continues to serve in this role, as an internist and endocrinologist. He was 79. 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. 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. 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. 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 . He graduated from Trinity University and St. Francis College with a Master of Arts degree. 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. Both Neidorff and his wife have become ambassadors for their hometown St. Louis. 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 had grown to insurer 1 in 15 Americans. Photo: David Paul Morris/Bloomberg News. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. Anyone can read what you share. 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. Since 1990, he has served as a member of the board of directors for the Greater St. Louis Boy Scouts of America. In addition to his beloved wife and life partner, Noemi, he was father to Peter. 2022 Updated!! In December, the company agreed to change the composition of its board, and Mr. Neidorff announced that he would retire as chief executive in 2022. I write about healthcare business and policy, oversee the health insurer as part of a deal with Politan Capital Management, the company announced Dec. 14, 2021. She continued post-graduate studies at Columbia University. He first joined this company in 1996 and has played an integral role in the companys current success. pic.twitter.com/Wj2GWg8QW1. He served . She serves on the Kennedy Centers International Committee on the Arts and was a past president of the National Symphony Orchestras National Trustees. He was 79. The Neidorff family has long been impressed with the quality of care delivered by physicians at the School of Medicine. Michael Neidorff, the founder of Centene Corp. and a pillar of the St. Louis business community, died on Thursday at the age of 79. The funding already has galvanized the schools Personalized Medicine Initiative. 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 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. 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. Neidorff was Centene Corporations visionary leader for more than 25 years. 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. 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. 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[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. 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. The company says Neidorff passed away Thursday surrounded by his family and friends. 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. Michael Neidorff Michael Frederic Neidorff (November 19, 1942 - April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. Mr. Neidorff took the company public in 2001. 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. Neidorff owns a luxurious home on Palm Beach. Centene, which is headquartered in St. Louis, appointed Sarah London, who had been vice chairwoman, as its chief executive in March. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. As a result of this acquisition, Centene became the largest Medicaid managed-care provider in the United States. Also Read: Aged 22 years old, Amir Locke Shooting Update!! Findings point to brain areas that integrate planning, purpose, physiology, behavior, movement. 9430 Olive Blvd Saint Louis, Missouri MONICA NEIDORFF OBITUARY Neidorff, Monica March 24, 2021. Beloved daughter, sister, niece, cousin, compassionate friend to so many. To be effective, boosters should target variants widely different from COVID-19 virus's original strain. Trinity University Trustee and major benefactor Michael Neidorff '65 died on Thursday, April 7. They grew remarkably in Obamacare, she said. Washington University School of Medicines 1,500 faculty physicians also are the medical staff of Barnes-Jewish and St. Louis Childrens hospitals. His family said the cause was an infection. According to local property records, Niedorff and his wife own a condominium in the area. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. This copy is for your personal, non-commercial use only. He graduated from the University of Arkansas School of Medicine in 1974 with both a medical degree and a masters degree in anatomy, having completed extra courses in anatomy as well as extensive research in nerve regeneration while attending medical school. Michael and Nomi Neidorff have long supported biomedical research at Washington University. "Michael was one of a very small number of people responsible for saving the ACA," he said. Our community includes recognized innovators in science, medical education, health care policy and global health. You may opt-out by. He graduated from Trinity University and St. Francis University with a Master of Arts degree. Gift to establish endowed professorships recognizing Robert C. Packman, John S. Daniels. 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. He Serves on the St. Louis Symphony Board of Trustees, 8. In 2021, Michael Neidorff '65 and the Neidorff Family Trust gave $25 million for the University's AACSB-accredited business school. Michael Neidorff is a businessman who is best-known as the Chief Executive Officer of the Centene Corporation. He transformed a small company into a corporation focused on providing health insurance under government programs. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. This site uses Akismet to reduce spam. As a trustee for the Opera Theatre of St. Louis, he serves on the Institutional Development Committee and previously served as a vice chairman. Early on, he said, Mr. Neidorff recognized that fewer people were likely to be insured through their employer while the government programs were growing.. Garrett by trade is a personal finance freelance writer and journalist. Michaels love and devotion for his family knew no bounds. The St. Louis Jewish Light is a community partner with Jewish Federation of St. Louis. [18][19], Michael Neidorff was married to Nomi Neidorff and they had two children. She went on to become a classical pianist and earn both her bachelor's and master's degrees from the Manhattan School of Music. 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. The Neidorffs have long supported efforts to strengthen the St. Louis community. His continual support for hundreds of not-for-profit organizations was widely celebrated. 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. She played a significant role in founding the radio station Classic 107.3 FM, a station focused heavily on classical music and the arts. He was 79 years old at the time. He was a true champion of all of the values of the UL Movement & a tremendous ally, advocate and friend to the St. Louis community. 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. [24], He died of complications of an infection in St. Louis on April 7, 2022, at the age of 79.[25][18]. Monica attended Bradley. 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. 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. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. Michael was raised in Altoona, Pennsylvania. 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. Opinions expressed by Forbes Contributors are their own. When a new market for insurance was created under the Affordable Care Act the federal law, known as Obamacare, that helps provide private insurance to people who do not qualify for Medicaid but who are not covered by their employers Mr. Neidorff positioned Centene as a major provider of low-cost plans. To advance and support lifesaving research in those fields, Nomi and I are honored to endow professorships in recognition of the tireless work of two pioneering physicians, Michael Neidorff said. 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. Michael was Centene Corporation's visionary leader for more than 25 years. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. Language links are at the top of the page across from the title. Wiki Trivia on Michael Neidorff - Age, Wife, Family, & More. Michael F. Neidorff, who built the Centene Corporation from a small Milwaukee health plan into the nations largest insurer for the governments Medicaid program and a stalwart of the Obamacare markets, died on April 7 in St. Louis. He persevered even after many large insurers lost money and stopped offering coverage. 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. 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. [3] Michael died on Thursday, April 7, 2022, surrounded by his wife, family, and friends, after a long illness. Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. 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. I had questions about Medicaid; is it going to work? Mr. Ditmore said. His continual support for hundreds of not-for-profit organizations was widely celebrated. He later earned a masters degree from Saint Francis University in Loretto, Pa. He was dedicated to supporting arts and civic organizations. A nonprofit, independent news source to inform, inspire, educate and connect the St. Louis Jewish community. [12] During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. 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.. Michael Neidorff made it on to this list in 2017 in 17th position. Consistently ranked a top medical school for research, Washington University School of Medicine is also a catalyst in the St. Louis biotech and startup scene. Centenes stock price had underperformed in recent years, and the company found itself under pressure from an activist investor, Politan Capital Management. He was chairman of the National Urban Leagues board of trustees and a board member of the St. Louis Symphony Orchestra, the Opera Theater of Saint Louis and the Manhattan School of Music, among other organizations. Sign In. They have also supported and become benefactors for many cultural and educational institutions in the area. Michael's love and devotion for his family knew no bounds. The Neidorffs previously have provided financial support to the School of Medicine for research into surgical treatments for pancreatic and gastrointestinal diseases, and to the universitys Brown School for health disparities research. His wife is Noemi. His daughter, Monica Neidorff, died in 2021. He believes in improving the health of communities by providing high-quality care at reasonable costs. 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. After a quick search for the social media reach of Michael, we werent able to find him on any sort of social platform. Furthermore, it is, Read More Kubota Introduces Robotic Tractor Concept That Could be a Game ChangerContinue, Temple University is located in Philadelphia, Pennsylvania. 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. In 2017, Neidorff was named to Fortunes Businessperson of the Year list. How much is Will Smith Net worth? 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 same year, Mr. Neidorff helmed the acquisition of the payer's first subsidiary, nurse triage company NurseWise. He graduated from Altoona High School in 1961. Michael Neidorff, who as CEO and chairman turned Clayton-based Centene Corp. into the nation's leader in managed care services and the St. Louis region's largest public company, died Thursday,. That same year, Neidorff was inducted into the St. Louis Business Hall of Fame. But, he added, Mr. Neidorff persuaded him: It was obviously a big market, so we said lets go for it.. Already a subscriber? 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. In 2016, he acquired a California insurer, Health Net, which offered private plans for another government program, Medicare. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. It is one of the oldest universities in the United States, with its roots going back to the year 1884. You can learn more about Neidorff and see additional video tributes online. https://www.barrons.com/articles/centene-ceo-michael-f-neidorff-has-died-at-age-79-51649408437. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. His successor, Sarah London, was named CEO just over a couple of weeks ago. Centene said a private family service will be held and a memorial service for family and friends will be held at a later date.

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