I am grateful to the Neidorffs for their continued commitment to our community and for stepping forward during this challenging time to support critical research at the School of Medicine., Because it spreads easily and causes significant illness and death, SARS CoV-2 has brought the world to its knees and put the spotlight on those things for which academic medical centers are uniquely suited, including clinical innovations for the sickest and most vulnerable, and biomedical research to develop novel preventive and therapeutic strategies, said David H. Perlmutter, MD, executive vice chancellor for medical affairs, the George and Carol Bauer Dean of the School of Medicine, and the Spencer T. and Ann W. Olin Distinguished Professor. ST. LOUIS Michael Neidorff, the longtime leader of Clayton-based insurance company Centene, died at the age of 79 Thursday, a statement from his family said. Without asking any questions, Michael said, whatever you need us to do to minimize disruption, we will do it. And he did. 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 was dedicated to supporting arts and civic organizations. You can learn more about Neidorff and see additional video tributes online. In 2016, for example, there were certain markets where so many health insurers were pulling out of the business that there was a danger no plan would offer coverage in a particular market. 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. The St. Louis Jewish Light is a community partner with Jewish Federation of St. Louis. 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. At the time of the move, both were unfamiliar with the city. Their 1962 Manual of Medical Therapeutics was published by Little, Brown and Co. Packman edited two subsequent editions of the manual, known today as The Washington Manual of Medical Therapeutics. The guide is revised every two to three years by Washington University faculty and chief residents, has been translated into 12 languages and continues to be one of the best-selling medical textbooks worldwide. But Andy Slavitt, former head of the Centers for Medicare & Medicaid Services during the Obama administration, said he called Neidorff at that time and the CEO agreed to enter Maricopa County, Arizona, the largest market in the state that includes Phoenix. Through its affiliations with Barnes-Jewish and St. Louis Childrens hospitals, the School of Medicine is linked to BJC HealthCare. Fortune has an annual list of the Top 20 Business People of the Year. Michael Neidorff was 79. Neidorff owns a luxurious home on Palm Beach. A private family service will be held. He later earned a masters degree from Saint Francis University in Loretto, Pa. Under Neidorff, Centene grew into a national healthcare giant with revenues that eclipsed $126 billion in 2021 as more Americans signed up for Medicaid, the health insurance for low income patients it manages via contracts with states and individual coverage under the Affordable Care Act known as Obamacare hit record levels during the pandemic. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. She continued postgraduate studies at Columbia University. He graduated from Trinity University and St. Francis University with a Master of Arts degree. Michael's love and devotion. 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 survived by his wife, Nomi; his brother, Robert; his sister, Susan Neidorff Reinglass; and his son, Peter. 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. 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. Neidorff must be a fan of the Palm Beach area as he also owns a property on South Palm Beach. Centene.com uses cookies. The Neidorff family has long been impressed with the quality of care delivered by physicians at the School of Medicine. Michael Neidorff was one of the most philanthropic individuals in the country. Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. They took advantage of the fact that other companies were risk averse and exiting., When state officials and government regulators were concerned that some counties in the United States would be left without a carrier willing to sell insurance under the Affordable Care Act, Mr. Neidorff agreed to provide coverage in some of those markets, said Jesse Hunter, a former chief strategy officer for Centene, and there was never any hesitation.. 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. In 2017, Neidorff was named to Fortunes Businessperson of the Year list. Save my name, email, and website in this browser for the next time I comment. [10] 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. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. 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. 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. Also Read: Aged 22 years old, Amir Locke Shooting Update!! Since 1990, he has served as a member of the board of directors for the Greater St. Louis Boy Scouts of America. Centene 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. Michael F. Neidorff in 2019. Michael Neidorff has been named as the highest paid executive in St. Louis for the third year running. 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. 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. Neidorff was Centene Corporation's visionary leader for more than 25 years. Their latest commitment will accelerate research into desperately needed drugs and vaccines to put an end to this devastating pandemic. He was a bulldog with a bone in his mouth.. 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. 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. [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. 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,. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. CLAYTON Longtime Centene Corp. leader Michael Neidorff, a pillar of the St. Louis business community, died on Thursday at the age of 79. Neidorff led the St. Louis-based health care. It was founded by Russell Conwell who was, Read More The 20 Most Notable Temple University Alumni in BusinessContinue, Andr Calantzopoulos is the current CEO of Philip Morris. 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 is One of the Top 20 Business People, 3. He was 79. Michael Neidorff was one of the most philanthropic individuals in the country. 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. 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. Centene had grown to insurer 1 in 15 Americans. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. He served . Michaels love and devotion for his family knew no bounds. Mr. Neidorff indicated in December that he would retire as chief executive in 2022, and he took a medical leave of absence in February. Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart, https://www.nytimes.com/2022/04/15/business/michael-f-neidorff-dead.html. Neidorff, 79, died on Thursday after suffering what his family described as a lengthy illness. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. (Photo by Steven Ferdman/Getty Images), 16-Year-Old Loses Left Testicle Into Body While Picking Up Golf Ball, Dutch Ministry Of Health Will Not Reimburse Gileads Breast Cancer Drug, Trodelvy, Microsoft Wants To Automate Medical Notes With GPT-4 But Doctors Need Convincing, Study: 88% Of Melatonin Gummy Products Inaccurately Labeled, Some Included CBD, Englands Unions Split On Healthcare Pay Deal, With Increasing Reliance On Healthcare Technology, Cybersecurity Is A Growing Concern, CDC Will Stop Tracking Covid-19 Community Levels, Here Are The Problems, Promises, Perils, And Predictions For Artificial Intelligence In Medicine: A Radiologists Perspective. Such was the case in the Phoenix area. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. As a result of this acquisition, Centene became the largest Medicaid managed-care provider in the United States. 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. 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. 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. 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. She has received two Robert G. Fenley writing awards from the American Association of Medical Colleges. She serves on the Kennedy Centers International Committee on the Arts and was a past president of the National Symphony Orchestras National Trustees. 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. She holds a double bachelor's degree in molecular biophysics & biochemistry and in sociology from Yale University, a master's in public health from the University of California, Berkeley, and a PhD in biomedical science from the University of California, San Diego. Neidorff owns a luxurious home on Palm Beach. [14][15], Michael Neidorff began serving on the board of the National Urban League in St. Louis in 2010, and in 2014, he was named the Chairman of the Board of Trustees. It is one of the oldest universities in the United States, with its roots going back to the year 1884. In appreciation of this gift, the business school was named the Michael Neidorff School of Business. He was 79. 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. 5. 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. His daughter, Monica Neidorff, died in 2021. Monica attended Bradley. He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. ", This is a BETA experience. Centene chief executive Michael Neidorff will retire next year and a new board will be created to . Whether you are part of our community or are interested in joining us, we welcome you to Washington University School of Medicine. 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. 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. [22][23] The main concert hall at the Manhattan School of Music is named in their honor. Michael was Centene Corporations visionary leader for more than 25 years. Neidorff was born in 1942 in Altoona, Pennsylvania. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. 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. Tuesday of board appointments that will be made Jan. 5, 2022. Gift to establish endowed professorships recognizing Robert C. Packman, John S. Daniels. [1] [2] He was a 1961 graduate of Altoona High School. we extend our sincere condolences to the Neidorff family. 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. Today, the company he built provides healthcare for nearly 1 in 15 vulnerable individuals, and his life's work has transformed the delivery . 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. The memorial service and celebration included in-person remarks as well as multiple video tributes from dignitaries in Saint Louis and throughout the country, including former President Bill Clinton, Missouri Senator Roy Blunt, former Senator Claire McCaskill, broadcaster Bob Costas, National Urban League CEO Marc Morial, World Wide Technologies Chairman David Steward, and many other dignitaries, elected officials, business execu1ves, and civic leaders. Michael's love and devotion for his family knew no bounds. Louis. How much is Will Smith Net worth? As co-chief resident at Barnes Hospital (now Barnes-Jewish Hospital), Packman and co-chief resident J. Russell Little, MD, created a pocket-sized outline on therapeutics for senior medical students to improve patient care. . 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.. pic.twitter.com/Wj2GWg8QW1. A native of Budapest, Hungary, Nomi Neidorff fled the country with her parents during the 1956 Hungarian Revolution. [7][9], Neidorff was listed on Fortune's Businessperson of the year list in 2017. For the best Barrons.com experience, please update to a modern browser. He was 79. 9430 Olive Blvd Saint Louis, Missouri MONICA NEIDORFF OBITUARY Neidorff, Monica March 24, 2021. [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. 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.. Neidorffs wife Noemi is a classically trained pianist. 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. According to local property records, Niedorff and his wife own a condominium in the area. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. His continual support for hundreds of not-for-profit organizations was widely celebrated. Michael was raised in Altoona, Pennsylvania. https://www.barrons.com/articles/centene-ceo-michael-f-neidorff-has-died-at-age-79-51649408437. A private family service will be held. 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. [12] During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. 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. 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. Along with an active practice treating patients with endocrine and metabolic disorders, Daniels has published two novels, The Intern and Second Chances.. 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. 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. ST. LOUIS (KMOV) -- Michael Neidorff, who led Clayton-based Centene Corporation for 26 years as CEO and president, died at 79 years old. The same year, Mr. Neidorff helmed the acquisition of the payer's first subsidiary, nurse triage company NurseWise. In 2015, he was inducted into the Hall of Fame for Junior Achievement of Greater St. Louis. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. Over the next 25 years, he transformed it into a corporation that focused on providing health insurance under government programs like Medicaid and Medicare. Tamara worked in research labs for about a decade before switching to science writing. She continued post-graduate studies at Columbia University. 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. The couple has a deep and longstanding commitment to advancing human health, and highlighting and building on the strengths of the St. Louis region. 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. Former Chairman and CEO of Centene, Michael F. Neidorff has died, the company announced April 7, 2022. Centene said Thursday that Michael Neidorff, the company's longtime CEO, has passed away. Packman served as an outstanding clinician for many years, and Daniels continues to serve in this role, as an internist and endocrinologist. 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 has grown to nearly 76,000 employees serving all 50 states and 3 international countries. [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. For ten years, Michael Neidorff was a member of the Brown School National Council at Washington University. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. 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. 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. He also sits on the board of the St. Louis Symphony Orchestra, where he previously served as chairman and is currently a trustee on its Endowment Committee. Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020. St. Louis Post-Dispatch in a report Thursday. 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 Neidorffs family. In 1995, he was named CEO of Group Health Plan and vice president of Coventry Corp., the companys parent. With the worlds focus on the current global pandemic, the importance of virology and immunology has never been more vital. Language links are at the top of the page across from the title. Current directorJames Dallaswill become Lead Independent Director immediately and will assume the Independent Chair by the end of 2022.. He was 79. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. [3] [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 was 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. 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. 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. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Mr. Neidorff made several key acquisitions to add to Centenes depth. 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. Centenes stock price had underperformed in recent years, and the company found itself under pressure from an activist investor, Politan Capital Management. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Mr. Neidorff rebranded the payer, which was formerly known as Family Hospital Physician Associates, as Centene Corp. Both have been lauded for providing compassionate and meticulous care for patients. He graduated from Altoona High School in 1961. Both Neidorff and his wife have become ambassadors for their hometown St. Louis. 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.