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.. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. 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. Michael F. Neidorff in 2019. He was 79. [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. 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. Michael Neidorff is a businessman who is best-known as the Chief Executive Officer of the Centene Corporation. 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. Opinions expressed by Forbes Contributors are their 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. [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 1995, he was named CEO of Group Health Plan and vice president of Coventry Corp., the companys parent. Monica Neidorff Obituary (2021) - St Louis, MO - St. Louis Post-Dispatch Michael Neidorff, Neomi's husband, had taken a medical leave of absence and had been promoted to executive chairman until 2022. Centene, which is headquartered in St. Louis, appointed Sarah London, who had been vice chairwoman, as its chief executive in March. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. Our community includes recognized innovators in science, medical education, health care policy and global health. He Serves on the St. Louis Symphony Board of Trustees, 8. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. 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. "It wasn't just financial. 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. Transforming the health of the community, one person at a time. Learn how your comment data is processed. He was born in 1942 in Altoona, Pa., to A. Harvey Neidorff, a physician, and Shirley Rubin Neidorff, a nurse. Trinity University Trustee and major benefactor Michael Neidorff '65 died on Thursday, April 7. He went on medical leave as Executive Chairman in February and planned to retire at the end of this year. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. She joined WashU Medicine Marketing & Communications in 2016. The Niedorff family were members of both Traditional Congregation and Kol Rinah. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Michael Neidorff - Wikipedia This year the company completed the purchase of Magellan Health, which specialized in providing mental health benefits. 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 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 has led a huge expansion in the company and it now has over 12 million members across 28 states in the United States. He grew up in Altoona, Pennsylvania. [7][8], In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp.[3][7] The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. A search for a new CEO is underway, Centene said. Added Nomi Neidorff: Dr. Sign In. Nothing has been more important to me than providing the highest quality of care to the most vulnerable populations we serve, Neidorff said in a statement released Tuesday announcing changes at Centene. He was 79 years old when he passed away. 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. 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 was 79. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. Both Neidorff and his wife have become ambassadors for their hometown St. Louis. 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. [24], He died of complications of an infection in St. Louis on April 7, 2022, at the age of 79.[25][18]. 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. Since 1990, he has served as a member of the board of directors for the Greater St. Louis Boy Scouts of America. Michael was raised in Altoona, Pennsylvania. Words cannot express the sorrow that we are feeling here at the @ulstl upon the passing of our former @naturbanleague Chairman Michael F. Neidorff. 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. 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. In appreciation of this gift, the business school was named the Michael Neidorff School of Business. Centene CEO Michael Neidorff: A biographical timeline - Becker's Payer Aged 54, Wife, Family. Thanks to his strong commitment, Fortune ranked Centene as the #2 company nationally for diversity and inclusion. Centene CEO - Michael Neidorff - ListOfCEO.com Save my name, email, and website in this browser for the next time I comment. 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. Mr. Neidorff expanded aggressively into the Medicaid market, despite concerns about whether it would be a successful venture. 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. Centenes stock price had underperformed in recent years, and the company found itself under pressure from an activist investor, Politan Capital Management. 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. Michael Neidorff, Centene CEO, has died - audacy.com 5. You can learn more about Neidorff and see additional video tributes online. 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. Neidorff led the St. Louis-based health care. Manhattan School of Music echoes that sentiment, and we send our deepest condolences to Michael's family. 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. In 2015, they were honored with the Jane and Whitney Harris St. Louis Community Service Award in recognition of their efforts on behalf of the St. Louis region. "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. 1. 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. Already a subscriber? His cause of death has not been disclosed. We are honored to have the Michael Neidorff School of . Michael Niedorff, Longtime CEO Of Health Insurer Centene, Dies - Forbes She continued post-graduate studies at Columbia University. His wife has launched educational programs along with the symphony which are supported by her husband. At the time of the move, both were unfamiliar with the city. The funding already has galvanized the schools Personalized Medicine Initiative. She went on to become a classical pianist and earn both her bachelor's and master's degrees from the Manhattan School of Music. 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. 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. 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. You may opt-out by. 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. 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). Updates on campus events, policies, construction and more. A private family service will be held. He first joined this company in 1996 and has played an integral role in the companys current success. He leaves his wife Nomi Neidorff, a son Peter Neidorff and late daughter Monica Neidorff. 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. 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 . A private family service will be held. 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. Michael Neidorff Obituary - St. Louis, MO - Dignity Memorial [3] 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. His continual support for hundreds of not-for-profit organizations was widely celebrated. 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. 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. One of Politans concerns was Centene had lower margins than its peer health insurers while its board had several long-time members and needed fresh perspective, according to reports and sources close to the company. 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.. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Neidorff was born in 1942 in Altoona, Pennsylvania. This monumental donation is the single largest in the University's history. In March, he formally stepped down after Sarah London was named his replacement. But, he added, Mr. Neidorff persuaded him: It was obviously a big market, so we said lets go for it.. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. He also established the payer's headquarters in St. Louis, where it remains today. 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. She went on to become a classical pianist after earning bachelors and masters degrees from the Manhattan School of Music. Longtime Centene CEO Michael Neidorff dies - KMOV 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. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. As part of the collaboration, Centene committed to funding of up to $100 million over 10 years in research at the School of Medicine. In 2017, Neidorff was named to Fortunes Businessperson of the Year list. (Photo by Steven Ferdman/Getty Images), had taken a medical leave of absence two months ago, Sarah London was named chief executive officer last month. 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. It was reported that Neidorff paid $6.3 million for the four-bedroomed home. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. While other health insurers left the Obamacare business, selling individual coverage under the ACA, Centene not only continued to provide such health insurance through a rough period in 2016 and 2017, the company expanded and is today the biggest provider of such subsidized coverage under the law. pic.twitter.com/Wj2GWg8QW1. Findings point to brain areas that integrate planning, purpose, physiology, behavior, movement. 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. 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. The couple has two children. 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 health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. She was already friends with some members of the St. Louis Symphony before they moved to the city. Centene said Thursday that Michael Neidorff, the companys longtime CEO, has passed away. [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. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. ST. LOUIS (KMOV) -- Michael Neidorff, who led Clayton-based Centene Corporation for 26 years as CEO and president, died at 79 years old. Michael Neidorff was 79. Neidorffs wife Noemi is a classically trained pianist. He Also has a South Palm Beach Property Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. 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. "Centene CEO Neidorff pledges $5 million to Trinity University", "Trinity University Elects New Board Officers | Trinity University", "Plans to construct Centene facility moving forward", "Health services: Michael Neidorff, Centene Corp", "C-Suite Awards 2019: Michael Neidorff, Centene", "How Michael Neidorff took Centene from $40 million to $21 billion", "Invest suit claims Centene hid $900M tax liability in HealthNet purchase", "Another St. Louis CEO joins White House economic recovery task force", "Centene board limits bonuses, but Neidorff earns nearly $25 million", "Centene's Neidorff To Step Down As CEO Amid Deal With Activist Investor", "Centene Promotes Tech And Healthcare Strategist Sarah London To CEO Job", "Centene's Neidorff named National Urban League chair", "Neidorff, a difference maker in Ferguson, named Citizen of the Year", "Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart", "Longtime Centene leader Michael Neidorff dies after lengthy illness", "Joe Biden Wants to End Prison Profiteering. Neidorff owns a luxurious home on Palm Beach. He was a brother to Susan Neidorff Reinglass and Robert Neidorff. 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 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. He Also has a South Palm Beach Property, 6. About Michael Neidorff | Neidorff School of Business | Trinity University His continual support for hundreds of not-for-profit organizations was widely celebrated. Last September, he donated $25 million to Trinity for the Michael F. Neidorff School of Business. 2001-2004 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. Michael Frederic Neidorff (November 19, 1942 April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. Neidorff led the Clayton-based company for 26 years . Neidorff was Centene Corporation's visionary leader for more than 25 years. He was 79. 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. He was 79. Mr. Neidorff rebranded the payer, which was formerly known as Family Hospital Physician Associates, as Centene Corp. This property was formerly owned by Carol Lee Leezy Sculley, who is the ex-wife of former Apple Chairman, John Sculley. 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. After a quick search for the social media reach of Michael, we werent able to find him on any sort of social platform. Centene CEO Michael Neidorff makes big donation to his alma mater 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. He and His Wife Are Ambassadors of St. Louis, 7. 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. ", This is a BETA experience. 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. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. 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. 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 was raised in Altoona, Pennsylvania. He had considered going into medicine but decided instead to major in political science at Trinity University in San Antonio. Whether you are part of our community or are interested in joining us, we welcome you to Washington University School of Medicine. A nonprofit, independent news source to inform, inspire, educate and connect the St. Louis Jewish community. They have also supported and become benefactors for many cultural and educational institutions in the area. The St. Louis Jewish Light is a community partner with Jewish Federation of St. Louis. Michael Neidorff and his wife, Noemi, both grew up on the East Coast. [12] During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. Michael Neidorff was one of the most philanthropic individuals in the country. 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.
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