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Molina Healthcare, Inc. (NYSE: MOH) is a prominent Fortune 500 company dedicated to providing government-sponsored health care programs to families and individuals. The company partners with state governments to offer a broad range of quality health care services, specializing in Medicaid and Medicare plans.
Molina Healthcare operates through a network of subsidiaries structured as health maintenance organizations (HMOs), ensuring coverage and care to those in need. Currently, Molina serves members across multiple states, including California, Florida, Illinois, Michigan, New Mexico, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, as well as Puerto Rico. The company also manages primary care clinics in California, Florida, New Mexico, Washington, and Virginia, offering essential services such as prenatal care, immunizations, and flu shots.
The company operates in four key segments:
- Medicaid: Providing managed healthcare solutions for low-income families and individuals.
- Medicare: Serving the elderly and individuals with disabilities who qualify for government-sponsored programs.
- Marketplace: Offering health plans through government-sponsored exchanges.
- Others: Includes long-term services and supports consultative services in Wisconsin.
Molina Healthcare has been selected for several state duals demonstration projects, managing care for individuals eligible for both Medicaid and Medicare. The company generates the majority of its revenue from the Medicaid segment, reflecting its strong presence and expertise in this area.
With a focus on providing accessible and cost-effective healthcare, Molina Healthcare continues to grow and adapt, remaining committed to improving the health and well-being of the communities it serves.
Molina Healthcare has announced an agreement to acquire the Medicaid Managed Long Term Care business of AgeWell New York for approximately
Molina Healthcare (NYSE: MOH) will release its third-quarter 2021 results after market close on October 27, 2021.
A conference call to discuss the earnings will be held on October 28, 2021, at 8:00 a.m. ET. Interested parties can join by calling (877) 883-0383 with confirmation number 5108692. A replay will be available until November 11, 2021.
As of June 30, 2021, Molina Healthcare served approximately 4.7 million members across its health plans.
Molina Healthcare, Inc. (NYSE: MOH) has amended and restated the employment agreement of President and CEO Joe Zubretsky. Zubretsky has been with Molina since November 2017 and has successfully led a turnaround strategy for the company. The Board's Chairman, Dale Wolf, expressed confidence in Zubretsky's leadership for the company's future growth plans. Molina Healthcare will provide further details on its strategic plan at a virtual investor day scheduled for September 17, 2021. The company serves approximately 4.7 million members through Medicaid and Medicare programs.
Molina Healthcare has appointed Chris Coffey as president of Molina Healthcare of Texas. Coffey brings 20 years of leadership experience, having previously served as CEO in various healthcare organizations focusing on Medicaid. Marc Russo, Molina's executive vice president, emphasized Coffey's capacity to lead the Texas health plan amid COVID-19 challenges, particularly for underserved communities. Molina Healthcare has provided government-funded healthcare since 2006, serving approximately 4.7 million members as of June 30, 2021.
Molina Healthcare, Inc. (NYSE: MOH) will host a virtual Investor Day on September 17, 2021, at 8:30 a.m. Eastern Time. Interested investors can register for the event at molinahealthcareinvestorday.com. A replay of the meeting will be available online about an hour after it concludes. As of June 30, 2021, Molina Healthcare provided managed services to approximately 4.7 million members under Medicaid and Medicare programs.
Molina Healthcare, Inc. (NYSE: MOH) announced that its Nevada health plan subsidiary was awarded a Medicaid managed care contract by the Nevada Department of Health and Human Services. This four-year contract, with a potential two-year extension, will begin on January 1, 2022. Molina will provide coverage to approximately 630,000 Medicaid beneficiaries in Clark and Washoe Counties and will participate in the state-based Affordable Care Act Exchange. The CEO expressed commitment to enhancing care management and health equity for Medicaid members.
Molina Healthcare (NYSE: MOH) announced a leadership change in investor relations as Senior Vice President, Julie Loftus Trudell, retires after a period of notable success. The company has appointed Joseph Krocheski, effective October 1, 2021, who has 25 years of experience in investor relations and financial management. Ronald Kurtz will act as Interim Head of Investor Relations during the transition. Molina serves about 4.7 million members through Medicaid and Medicare programs.
Molina Healthcare reported its second quarter 2021 results, with GAAP earnings per diluted share at $3.16 and adjusted earnings at $3.40. The company experienced a premium revenue increase of 51% to approximately $6.6 billion, serving 4.7 million members. However, net income fell to $185 million, impacted by COVID-19, affecting earnings by approximately $1.00 per share. Molina raised its full-year premium revenue guidance to over $25 billion and adjusted EPS guidance to no less than $13.25.
Molina Healthcare (NYSE: MOH) will release its Q2 2021 earnings after market close on July 28, 2021. A conference call is scheduled for July 29, 2021, at 8:00 AM ET to discuss the results. Investors can join the call by dialing (877) 883-0383 using confirmation number 5686734. A replay will be available until August 12, 2021. Molina serves approximately 4.6 million members through Medicaid and Medicare programs. For more details, visit molinahealthcare.com.
Molina Healthcare (NYSE:MOH) has elected Dr. Stephen Lockhart as an independent director during its annual stockholders’ meeting on May 6, 2021. He replaces Governor Garrey Carruthers, who is retiring after nine years on the Board. Dr. Lockhart brings extensive healthcare experience, having served as chief medical officer for Sutter Health until January 2021. The company believes that Dr. Lockhart’s background will strengthen its leadership and enhance shareholder value as it continues to provide services to approximately 4.6 million members.