Health Net, Inc.
Stock Symbol: HNT
21650 Oxnard Street
Health Net, Inc. Industry:
Insurance (Accident & Health)
Health Net, Inc. Description:
Health Net of California is one of the largest health plans in the state. It contracts with more than 44,000 physicians, nearly 400 hospitals, and more than 4,300 pharmacies, giving its members greater choice and more convenient access to care. Its commercial and Medicare lines of business have received the "Commendable" accreditation status from the National Committee for Quality Assurance.
Health Net, Inc. Financial Summary:
Health Net, Inc. is a managed healthcare organization that administers the delivery of managed healthcare services. For the 6 months ended 6/30/05, revenues increased 2% to $5.93B. Net income rose 33% to $74.9M. Revenues reflect increased sales from government contracts and higher investment income. Net income reflects lower health plan services expenses and decreased selling expenses.
Health Net, Inc. Business Summary:
Health Net Inc. is an integrated managed care organization that delivers managed healthcare services through health plans and government sponsored managed care plans. The Company operates and conducts its businesses through its subsidiaries. Its health plans and government contracts subsidiaries provide health benefits through its health maintenance organizations (HMOs), insured preferred provider organizations (PPOs) and point-of-service (POS) plans in 27 states and the District of Columbia through group, individual, Medicare, Medicaid and TRICARE programs. Health Net also offers managed health care products related to behavioral health and prescription drugs. It owns health and life insurance companies licensed to sell exclusive provider organization, PPO, POS and indemnity products, as well as auxiliary non-health products, such as life and accidental death and dismemberment, dental, vision, behavioral health and disability insurance.