Neidorff owns a luxurious home on Palm Beach. He first joined this company in 1996 and has played an integral role in the companys current success. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. He went on medical leave as Executive Chairman in February and planned to retire at the end of this year. Mr. Neidorff entered the health insurance industry by founding UnitedHealth Group subsidiary Physicians Health Plan of Greater St. Louis. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. 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. Today, the Neidorffs, who grew up on the East Coast, are among St. Louis greatest ambassadors. Longtime CEO of Centene Health Insurance, Michael Niedorff, has died at the age of 79. At age 6, I began studying music at the Franz Liszt Academy of Music.. Tuesday of board appointments that will be made Jan. 5, 2022. Last September, he donated $25 million to Trinity for the Michael F. Neidorff School of Business. 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. Home; Salary; VIP Salaries; Michael Neidorff; Salary Michael Neidorff. Six board members will be leaving and Michael Neidorff, 77, who has led Centene since 1996, will retire as CEO next year, the company said. Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022. I had questions about Medicaid; is it going to work? Mr. Ditmore said. 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. 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. . I made sure we both were involved.. Comments and respectful dialogue are encouraged, but content will be moderated. ST. LOUIS - The St. Louis Blues released the following statement on the passing of Centene Corporation CEO Michael Neidorff: The St. Louis Blues, Enterprise Center and Stifel . This monumental donation is the single largest in the University's history. The university will name its business school after him, to be . I so enjoyed working with Monica when she worked part time for us at Ladue Florist while she was attending Saint Louis University. 2022 Updated!! Linking and Reprinting Policy. Coventry Health Care and its subsidiaries would merge with Principal Health Care shortly after Mr. Neidorff's departure. Fortune has an annual list of the Top 20 Business People of the Year. Manhattan School of Music and its Board of Trustees are deeply saddened by the passing of Michael F. Neidorff (HonDMA '17). He has made important contributions to the development of St. Louis through his work with the boards of the St. Louis Regional Chamber, United Way of Greater St. Louis, Saint Louis Science Center and many other organizations. He was 79 years old when he passed away. Neidorff owns a luxurious home on Palm Beach. After departing from Physicians Health Plan, Mr. Neidorff served shortly as regional vice president of managed care organization Coventry Health Care. Centene now provides coverage to 25 million people and had $126 billion in revenues last year. Michael passed away surrounded by his wife, family, and friends on Thursday, April 7, 2022, after a long illness. 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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. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. Neidorff joined Centene in 1996. Do Not Sell or Share My Personal Information. Mr. Neidorff made several key acquisitions to add to Centenes depth. Monica attended Bradley University and Saint Louis University as a communications major. Nomis interest in exposing children to music and the arts stems from her youth. Nomi, a classically trained pianist, was acquainted with the St. Louis Symphony. 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. 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. The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. 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. Wy soene wat eftergrnstdzjes behannelje. Michael Neidorff, 79, has been CEO of St. Louis-based Centene since 1996. In acknowledgment of their support of the University, Washington University presented the couple with the Robert S. Brookings Award. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Aged 25 years old, OnlyFans model Courtney Clenney, Stabbed her boyfriend to death, Family, Is she arrested? According to local property records, Niedorff and his wife own a condominium in the area. 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. All Rights Reserved. During their early years in St. Louis, Nomi took the lead, putting Michael to work at events like the Gypsy Caravan, an annual flea market that benefits the St. Louis Symphony. Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. No charges will be filed. He is survived by his wife, Nomi; his brother, Robert; his sister, Susan Neidorff Reinglass; and his son, Peter. A neighbor in Elkhart, Indiana, where Michael was an executive with chemical and pharmaceutical company Bayer AG, mentioned the city had a terrific zoo. Early life and education [ edit] Neidorff was born in 1942 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. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. 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. Copyright 2023 Becker's Healthcare. 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. He led the company for 26 years and oversaw the company's growth to a Fortune 24 enterprise with revenues of over $125 billion . If youre in charge of handling the affairs for a recently deceased loved one, this guide offers a helpful checklist. That amount was roughly 1.5 times more than what Neidorff made in 2019. Garrett by trade is a personal finance freelance writer and journalist. (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.. We think about today and what we can do to give back to the community now.. When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. With over 10 years experience he's covered businesses, CEOs, and investments. 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. 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. Among her other leadership positions, she is chair of the board of Opera Theatre of Saint Louis and serves on the board of the Radio Arts Foundation-Saint Louis, where she has played a significant role in establishing a new classical radio station that promotes the arts and artists throughout the region. When Michael Neidorff accepted a position as president and chief executive officer of Physicians Health Plan of Greater St.Louis in 1985, he and his wife, Nomi, faced a move to an unfamiliar city. He has led a huge expansion in the company and it now has over 12 million members across 28 states in the United States. Mr. Neidorff indicated in December that he would retire as chief executive in 2022, and he took a medical leave of absence in February.