STOCK TITAN

Health Net Federal Services, LLC, Earns URAC Health Network Accreditation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Health Net Federal Services, a subsidiary of Centene Corporation (NYSE: CNC), has achieved URAC Health Network Accreditation, reinforcing its commitment to quality care and improved outcomes. This accreditation, effective from July 1, 2020, to July 1, 2023, marks a continuous achievement since 2005. URAC's rigorous standards ensure high-quality service for the military community, supporting nearly 2.9 million beneficiaries through the TRICARE program. This status highlights Health Net's dedication to providing reliable and cost-effective healthcare solutions.

Positive
  • Achieved URAC Health Network Accreditation, showcasing commitment to quality care.
  • Continuous accreditation since 2005, reinforcing long-standing quality standards.
  • Serves approximately 2.9 million beneficiaries in the TRICARE West Region.
Negative
  • None.

RANCHO CORDOVA, Calif., Oct. 21, 2020 /PRNewswire/ -- Health Net Federal Services, LLC, a wholly owned subsidiary of Centene Corporation (NYSE: CNC), announced today it has earned URAC Health Network Accreditation. URAC is the independent leader in promoting health care quality through leadership, accreditation, measurement and innovation. By achieving this status, Health Net Federal Services has demonstrated a comprehensive commitment to quality care, improved processes and better patient outcomes.

Health Net Federal Services has continuously held URAC's Health Network Accreditation since 2005. Its most recent accreditation is effective July 1, 2020, to July 1, 2023.

"Health Net Federal Services is proud to maintain URAC's Health Network Accreditation for the past 15 years. The rigorous standards established by URAC for the management of provider networks align with our culture and long-standing history to provide quality health care to the military community," said Kathleen E. Redd, president and CEO, Health Net Federal Services. "We hold ourselves to the highest standards in provider credentialing, consumer protection, and quality management and improvement. Our goal is to provide those who serve the highest quality of care and the peace of mind to stay mission ready."

"To meet the growing demand to provide quality health care services at a reasonable cost, Health Net Federal Services distinguishes itself in the marketplace by having earned Health Network Accreditation from URAC," said URAC President and CEO Shawn Griffin, M.D. "With rigorous standards created by a broad array of stakeholders, Health Net Federal Services' independent accreditation from URAC demonstrates its commitment to bringing together qualified, credentialed, and well-managed providers for the military community."

About Health Net Federal Services
Health Net Federal Services has a long history of providing cost-effective, quality managed health care programs for government agencies, including the U.S. Departments of Defense and Veterans Affairs. For more than 30 years, Health Net Federal Services has been honored to partner with the Department of Defense to provide health care services to the men and women who serve our great country, and their family members. Through the TRICARE program, Health Net Federal Services currently assists approximately 2.9 million beneficiaries in the TRICARE West Region, including active duty, retired, National Guard and Reserve, and family members. Health Net Federal Services was one of the first companies in the U.S. to develop comprehensive managed care programs for military families. Visit www.hnfs.com for more information. 

About Centene Corporation
Centene Corporation, a Fortune 100 company, is a diversified, multi-national health care enterprise that provides a portfolio of services to government sponsored and commercial health care programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long Term Care (LTC), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as "Part D"), dual eligible programs and programs with the U.S. Department of Defense and U.S. Department of Veterans Affairs. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, http://www.centene.com/investors.

About URAC
Founded in 1990, URAC is the independent leader in promoting healthcare quality through leadership, accreditation, measurement and innovation. URAC is a nonprofit organization using evidence-based measures and developing standards through inclusive engagement with a range of stakeholders committed to improving the quality of healthcare. Our portfolio of accreditation and certification programs span the healthcare industry, addressing healthcare management, healthcare operations, health plans, pharmacies, telehealth providers, physician practices, and more. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality and accountability.

 

Cision View original content:http://www.prnewswire.com/news-releases/health-net-federal-services-llc-earns-urac-health-network-accreditation-301156608.html

SOURCE Health Net Federal Services, LLC

FAQ

What is the significance of Centene Corporation's recent news on Health Net Federal Services?

Centene's Health Net Federal Services has earned URAC Health Network Accreditation, indicating its commitment to high-quality healthcare standards.

How long will the URAC accreditation for Health Net Federal Services be effective?

The URAC accreditation is effective from July 1, 2020, to July 1, 2023.

How many beneficiaries does Health Net Federal Services assist through the TRICARE program?

Health Net Federal Services currently assists approximately 2.9 million beneficiaries in the TRICARE West Region.

When did Health Net Federal Services first achieve URAC accreditation?

Health Net Federal Services has held URAC's Health Network Accreditation since 2005.

Centene Corporation

NYSE:CNC

CNC Rankings

CNC Latest News

CNC Stock Data

30.58B
503.41M
0.27%
99.52%
2.86%
Healthcare Plans
Hospital & Medical Service Plans
Link
United States of America
ST LOUIS