Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Molina Healthcare, Inc.    MOH

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Molina Healthcare, Inc. : Molina Healthcare of New Mexico Selected for Participation in Centennial Care

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2013 | 01:05pm CET

Molina Healthcare, Inc. (NYSE: MOH) today announced that its New Mexico health plan, Molina Healthcare of New Mexico, Inc., has been selected by the New Mexico Human Services Department (HSD) to participate in the new Centennial Care program. In addition to continuing to provide physical and acute health care services, under the new program Molina Healthcare of New Mexico will expand its services to provide behavioral health and long-term care services.

"Molina Healthcare has a long history of caring for New Mexico's Medicaid members. We are delighted to continue our partnership with HSD as it launches the new Centennial Care program," said Patty Kehoe, president of Molina Healthcare of New Mexico. "Our organization has always been committed to providing access to quality care for our members. We plan to draw on our extensive experience to successfully implement this exciting new program."

The Centennial Care program modernizes the Medicaid program in New Mexico with the goal of creating a unified, comprehensive health care delivery system. It aligns incentives within the health care system so that all involved - the state, the health plans, the providers, and the members - are working towards the same objective of achieving better health care at less cost. In addition, the newly eligible population under the Affordable Care Act Medicaid expansion will be enrolled under Centennial Care.

The selection of Molina Healthcare of New Mexico was made by HSD pursuant to its request for proposals issued in August 2012. The operational start date for the program is currently scheduled for January 2014. Molina Healthcare of New Mexico will now begin working through a readiness review with HSD to prepare for full implementation of Centennial Care.

Molina Healthcare of New Mexico currently serves approximately 90,000 Medicaid and Medicare beneficiaries statewide in New Mexico. Additionally, Molina Healthcare operates two primary care clinics in Albuquerque and Santa Fe through an affiliated company.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. The Company's licensed health plans in California, Florida, Michigan, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin currently serve approximately 1.8 million members, and its subsidiary, Molina Medicaid Solutions, provides business processing and information technology administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, and drug rebate administration services in Florida. More information about Molina Healthcare is available at www.molinahealthcare.com.

Molina Healthcare, Inc.
Leigh Woodward, 562-528-5056
Public Relations
or
Juan José Orellana, 562-435-3666
Investor Relations


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLINA HEALTHCARE, INC.
11/25 MOLINA HEALTHCARE : 'Healthy Mind, Healthy Body' Initiative Will Provide Custom ..
11/22 MOLINA HEALTHCARE : Families in Rialto given free groceries for Thanksgiving
11/15 BUYINS.NET : CLI, MOH, DISCA, SCHB, URTY, SDY Are Seasonally Ripe To Go Up In th..
11/04 MOLINA HEALTHCARE : How Obamacare may sway voters in this election
10/29 MOLINA HEALTHCARE : ACA risk adjustment eats 25 percent of Molina exchange reven..
10/27 MOLINA HEALTHCARE : beats Street 3Q forecasts
10/27 MOLINA HEALTHCARE : Management's Discussion and Analysis of Financial Condition ..
10/27 MOLINA HEALTHCARE INC : Results of Operations and Financial Condition (form 8-K)
10/27 MOLINA HEALTHCARE : Reports Third Quarter 2016 Results
10/19 AIS WEBINAR : Case Studies from Molina, Capital BlueCross Detail Best Practices ..
More news
Sector news : Healthcare Facilities & Services - NEC
11/24DJIHH HEALTHCARE BHD : Malaysia's IHH Healthcare 3Q Net Profit Up 46%
11/18 Synlab ready to snap up more lab chains after debt deal
11/16 South Africa's Life Healthcare to buy controlling stake in Britain's Alliance..
11/09 Pharma, biotech shares soar as Trump win calms pricing talk
11/09 Pharma, biotech shares soar as Trump win calms pricing talk
More sector news : Healthcare Facilities & Services - NEC
News from SeekingAlpha
12/02 Is 'Value' Alive And Well? Let's Ask The '29.9% In 9 Months' Portfolio...
12/01 GREENBLATT WIZARDRY : A Quantitative Look At The Magic Formula
11/30 BACKTESTING 101, PART 2 : Making Sense Of The Data
11/27 The Low EV/EBIT Strategy, Large Cap Update 2016 YTD
11/24 BACKTESTING 101, PART 1 : The Misunderstood Investing Tool
Advertisement
Financials ($)
Sales 2016 17 805 M
EBIT 2016 425 M
Net income 2016 139 M
Finance 2016 711 M
Yield 2016 -
P/E ratio 2016 21,88
P/E ratio 2017 16,00
EV / Sales 2016 0,13x
EV / Sales 2017 0,11x
Capitalization 3 026 M
More Financials
Chart MOLINA HEALTHCARE, INC.
Duration : Period :
Molina Healthcare, Inc. Technical Analysis Chart | MOH | US60855R1005 | 4-Traders
Full-screen chart
Technical analysis trends MOLINA HEALTHCARE...
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 59,6 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Joseph Mario Molina Chairman, President & Chief Executive Officer
Terry P. Bayer Chief Operating Officer
John C. Molina Chief Financial Officer, Treasurer & Director
Martha Molina Bernadett Executive Vice President-Research & Development
Rick Hopfer Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MOLINA HEALTHCARE, INC..-12.09%3 026
HCA HOLDINGS INC3.96%26 344
FRESENIUS MEDICAL CARE..-6.97%23 808
LABORATORY CORP. OF AM..0.68%12 821
DAVITA INC-7.86%12 679
QUEST DIAGNOSTICS INC22.94%12 200
More Results