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WellCare Health Plans, Inc. (WCG) CEO Ken Burdick on Q4 2018 Results - Earnings Call Transcript

Feb. 05, 2019 2:23 PM ETWellCare Health Plans, Inc. (WCG)
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WellCare Health Plans, Inc. (NYSE:WCG) Q4 2018 Results Earnings Conference Call February 5, 2019 9:30 AM ET

Company Participants

Beau Garverick - SVP

Ken Burdick - CEO

Drew Asher - CFO

Conference Call Participants

Sarah James - Piper Jaffray

Matthew Borsch - BMO Capital Markets

Peter Costa - Wells Fargo Securities

Ana Gupte - Leerink Partners

Steve Tanal - Goldman Sachs

Justin Lake - Wolfe Research

David Windley - Jefferies

Steven Valiquette - Barclays

Gary Taylor - JPMorgan

Michael Newshel - Evercore ISI

Scott Fidel - Stephens

Kevin Fischbeck - Bank of America


Good morning, and welcome to the WellCare Fourth Quarter and Full-Year 2018 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Beau Garverick, Senior Vice President. Please go ahead.

Beau Garverick

Thank you, Andrea, and thank you all for joining us this morning for a discussion of WellCare's 2018 fourth quarter results. Today, we'll be making forward-looking statements, including but not limited to our 2019 financial guidance and outlook. Various risk and uncertainties, such as those described in our SEC filings, may materially impact those statements. While these risk and uncertainties may cause our future results to differ from today's statements, we are not undertaking any obligation to update or revise any forward-looking statement.

Certain financial information that we will discuss today include adjustments to expenses that we believe are not indicative of long-term business operations. Please refer to our news release published this morning and available on our website at www.wellcare.com for a reconciliation of financial measures determined under Generally Accepted Accounting Principles to our adjusted measures. We will identify measures that have been adjusted.

Our discussion today will be led by Ken Burdick, WellCare's Chief Executive Officer; and Drew Asher, the Company's Chief Financial

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