Language links are at the top of the page across from the title. 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 transformed a small company into a corporation focused on providing health insurance under government programs. 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 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,. Early on, he said, Mr. Neidorff recognized that fewer people were likely to be insured through their employer while the government programs were growing.. 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. He leaves his wife Nomi Neidorff, a son Peter Neidorff and late daughter Monica Neidorff. 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.. 1. Michael Neidorff, Neomi's husband, had taken a medical leave of absence and had been promoted to executive chairman until 2022. She continued post-graduate studies at Columbia University. 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. He is One of the Top 20 Business People, 3. He is a board member of the National Urban League and served as its chairman from 2014 through 2019. How much is Will Smith Net worth? [7][9], Neidorff was listed on Fortune's Businessperson of the year list in 2017. Centene said Thursday that Michael Neidorff, the company's longtime CEO, has passed away. [11], In April 2020, Neidorff joined the White House economic recovery task force on reopening the United States after the COVID-19 pandemic. we extend our sincere condolences to the Neidorff family. It was reported that Neidorff paid $6.3 million for the four-bedroomed home. Early life and education Neidorff was born in 1942 in Altoona, Pennsylvania. [22][23] The main concert hall at the Manhattan School of Music is named in their honor. As a subscriber, you have 10 gift articles to give each month. Sign In. The gift honors the accomplishments of Packman, senior vice president of medical affairs at Centene, and Daniels, who, as an associate professor of clinical medicine at the School of Medicine, specializes in endocrinology and metabolism. pic.twitter.com/Wj2GWg8QW1. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. 2001-2004 Michael was Centene Corporation's visionary leader for more than 25 years. With the worlds focus on the current global pandemic, the importance of virology and immunology has never been more vital. 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). A private family service will be held. Michael Neidorff was one of the most philanthropic individuals in the country. 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. [18][19], Michael Neidorff was married to Nomi Neidorff and they had two children. A nonprofit, independent news source to inform, inspire, educate and connect the St. Louis Jewish community. 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. In March, he formally stepped down after Sarah London was named his replacement. Michael Neidorff was 79. 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. The COVID-19 pandemic has caused enormous suffering in the St. Louis area and around the world, and it is unlikely to end until we find a way to prevent transmission and treat the disease, Chancellor Andrew D. Martin said. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. [+] oversee the health insurer as part of a deal with Politan Capital Management, the company . Opinions expressed by Forbes Contributors are their own. (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. Washington University School of Medicines 1,500 faculty physicians also are the medical staff of Barnes-Jewish and St. Louis Childrens hospitals. He became the chief executive officer of Centene, which was then known as Coordinated Care Corp., the following year. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. . 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. [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. 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. Transforming the health of the community, one person at a time. He also established the payer's headquarters in St. Louis, where it remains today. 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. A search for a new CEO is underway, Centene said. He was 79. For those who are curious, the machine is an electric tractor that can operate 100 percent on its own. 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. CLAYTON Longtime Centene Corp. leader Michael Neidorff, a pillar of the St. Louis business community, died on Thursday at the age of 79. Michael was Centene Corporations visionary leader for more than 25 years. Save my name, email, and website in this browser for the next time I comment. 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. 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. Michael Neidorff was married and has two children with Nomi Neidorff. Here are ten interesting facts you probably didnt know about Michael Neidorff. This year the company completed the purchase of Magellan Health, which specialized in providing mental health benefits. She was already friends with some members of the St. Louis Symphony before they moved to the city. One of His Top Fundraisers Is a Major Player in Prison Health Care", "Top health care leaders apparently aren't Trump fans", "Longtime Centene CEO Michael Neidorff Dies", https://en.wikipedia.org/w/index.php?title=Michael_Neidorff&oldid=1149247839, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 11 April 2023, at 01:46. 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. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. His wife is Noemi. 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. 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. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. Gift to establish endowed professorships recognizing Robert C. Packman, John S. Daniels. You can help Wikipedia by expanding it. 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. Michael and Nomi Neidorff have long supported biomedical research at Washington University. No questions asked.. Neidorff led the St. Louis-based health care. Michael's love and devotion for his family knew no bounds. He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. I had questions about Medicaid; is it going to work? Mr. Ditmore 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. Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. 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.. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. 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 Neidorff was one of the most philanthropic individuals in the country. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. "Our hearts go out to Noemi and the Neidorff family. Whether you are part of our community or are interested in joining us, we welcome you to Washington University School of Medicine. Michaels love and devotion for his family knew no bounds. 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. He graduated from Trinity University and St. Francis College with a Master of Arts degree. 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 appreciation of this gift, the business school was named the Michael Neidorff School of Business. His continual support for hundreds of not-for-profit organizations was widely celebrated. 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.. He Also has a South Palm Beach Property, 6. As of 2022, Michael F. Neidorffs net worth is predicted to be at least $660 million USD. When our backs were against the wall, hundreds of thousands of people were going to lose coverage, Slavitt said in an interview Thursday. 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. He and His Wife Are Ambassadors of St. Louis, 7. 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.. A private family service will be held. He was dedicated to supporting arts and civic organizations. Mr. Neidorff made several key acquisitions to add to Centenes depth. 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.". He was dedicated to supporting arts and civic organizations. Already a subscriber? [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. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. 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. 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 . 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 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.. A cause of death was not disclosed. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. He first joined this company in 1996 and has played an integral role in the companys current success. In 2020 he bought WellCare, a Florida Medicare Advantage insurer. Centene.com uses cookies. Michael Neidorff, former visionary CEO of Centene, dies after lengthy illness After a lengthy illness, former Centene CEO Michael F. Neidorff passed away last week, surrounded by his family and friends. Furthermore, it is, Read More Kubota Introduces Robotic Tractor Concept That Could be a Game ChangerContinue, Temple University is located in Philadelphia, Pennsylvania. According to local property records, Niedorff and his wife own a condominium in the area. He graduated from Trinity University and St. Francis College with a Master of Arts degree. He was 79. 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 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. Neidorffs wife Noemi is a classically trained pianist. 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. She serves on the Kennedy Centers International Committee on the Arts and was a past president of the National Symphony Orchestras National Trustees. We are honored to have the Michael Neidorff School of . They grew remarkably in Obamacare, she said. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. 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. In 2016, he acquired a California insurer, Health Net, which offered private plans for another government program, Medicare. 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. Both Neidorff and his wife have become ambassadors for their hometown St. Louis. In 2017, Neidorff was named to Fortunes Businessperson of the Year list. 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. Beloved daughter, sister, niece, cousin, compassionate friend to so many. Michael was raised in Altoona, Pennsylvania. 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 has been named as the highest paid executive in St. Louis for the third year running. It now insures 25 million people. Since 1990, he has served as a member of the board of directors for the Greater St. Louis Boy Scouts of America. as Obamacare hit record levels during the pandemic. 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. Also Read: Aged 22 years old, Amir Locke Shooting Update!! After a quick search for the social media reach of Michael, we werent able to find him on any sort of social platform. Is annual salary is currently estimated to have risen to $25.3 million. This copy is for your personal, non-commercial use only. 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. 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. Neidorff is best known for his humble nature and contribution to community development. Michael F. Neidorff, the long-time chief executive of U.S. health insurer The couple has a deep and longstanding commitment to advancing human health, and highlighting and building on the strengths of the St. Louis region. Photo: David Paul Morris/Bloomberg News. His daughter, Monica Neidorff, died in 2021. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. 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. 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. Centene had grown to insurer 1 in 15 Americans. He was dedicated to supporting arts and civic organizations. She joined WashU Medicine Marketing & Communications in 2016. 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. At the time of the move, both were unfamiliar with the city. His family said the cause was an infection. A private family service will be held. In 2018, Neidorff was mentioned in a complaint alleging that Centene neglected to disclose Health Nets possible tax exposure before the acquisition. 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. Centene said a private family service will be held and a memorial service for family and friends will be held at a later date. 660 S. Euclid Ave., St. Louis, MO 63110-1010. 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. Last year, Centene and the School of Medicine announced a historic, sponsored research project aimed at transforming and accelerating research into treatments for Alzheimers disease, breast cancer, diabetes and obesity. You can learn more about Neidorff and see additional video tributes online. Louis. Mr. Neidorff expanded aggressively into the Medicaid market, despite concerns about whether it would be a successful venture. Michael F. Neidorff in 2019. 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.

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