Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Delayed Quote. Delayed  - 10/21 10:02:04 pm
59.5 USD   +2.16%
10/19 AIS WEBINAR : Case Studies from Molina, Capital BlueCross Detail Bes..
10/01 MOLINA HEALTHCA : Federal Insurance Office warns of low rates, hacke..
09/29 MOLINA HEALTHCA : Plans Receive Ratings from NCQA’s Medicaid H..
News SummaryMost relevantAll newsSector news 

Molina Healthcare, Inc. : Molina's Medicaid Claims Processing System Receives Full Federal Certification in Idaho

share with twitter share with LinkedIn share with facebook
share via e-mail
07/17/2012 | 10:05pm CEST

Idaho Receives Maximum Federal Funding for New System

Molina Healthcare, Inc. (NYSE: MOH) announced today that the Medicaid Management Information System (MMIS) implemented in Idaho by its wholly owned subsidiary, Molina Medicaid Solutions, has received full federal certification from the Centers for Medicare and Medicaid Services (CMS). The certification follows a week of rigorous on-site testing of the system, as well as a subsequent evaluation by CMS. As a result of the CMS certification, the state of Idaho is entitled to receive federal reimbursement of 75 percent of its MMIS operations costs retroactive to June 1, 2010, the date that the system first began processing claims.

"Federal certification is a significant milestone because it allows the state of Idaho to access maximum federal funding for its Medicaid claims processing system," said Norm Nichols, president of Molina Medicaid Solutions. "We are gratified by the achievement of this milestone and will continue to work closely with Idaho's Department of Health and Welfare and the Idaho health care community to serve the state's Medicaid recipients."

The claims payment system serves over 230,000 participants and handles more than 140,000 claims per week. The federal government required the system upgrade, with conversion to Molina's system occurring in June 2010.

"Molina Healthcare has been an excellent partner with our claims processing system," says Richard Armstrong, director of the Idaho Department of Health and Welfare. "When problems arose, Molina brought in the necessary resources and worked closely with us to correct the issues. Idaho can be proud of the high-performing system we have today."

The initial conversion encountered issues during the first months of operation; however, because of the combined efforts of Molina and state staff, significant progress has been realized. "The system is now performing beyond expectations in some areas, while continuing to show improvement in others," according to DHW Director Armstrong.

Federal certification increases the share of the claims processing costs the federal government will pay for monthly operations. With an uncertified system, the federal government contributes approximately 50 percent of claims processing costs, with the state paying the other half. With a certified system, the federal government pays 75 percent of costs, reducing the state's share.

About Molina Healthcare, Inc.

Molina Healthcare, Inc. (NYSE: MOH), 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. Our licensed health plans in California, Florida, Michigan, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin currently serve approximately 1.8 million members, and our 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.
Juan José Orellana, 562-435-3666, ext. 111143
Investor Relations
Sunny Yu, 562-901-1039
Public Relations

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
10/19 AIS WEBINAR : Case Studies from Molina, Capital BlueCross Detail Best Practices ..
10/18 AIS WEBINAR : Case Studies from Molina, Capital BlueCross Detail Best Practices ..
10/06 MOLINA HEALTHCARE : Plans Receive Ratings from NCQA's Medicaid Health Insurance ..
10/01 MOLINA HEALTHCARE : Federal Insurance Office warns of low rates, hackers
09/29 MOLINA HEALTHCARE : Plans Receive Ratings from NCQA’s Medicaid Health Insu..
09/29 MOLINA HEALTHCARE : Names Britt Travis as Vice President of Medicare Sales
09/28 MOLINA HEALTHCARE : Announces Third Quarter 2016 Earnings Release and Conference..
09/28 Molina Healthcare Announces Third Quarter 2016 Earnings Release and Conferen..
09/24 MOLINA HEALTHCARE : Report surprises health insurance executives
09/16 MOLINA HEALTHCARE : Names Britt Travis as Vice President of Medicare Sales
More news
Sector news : Healthcare Facilities & Services - NEC
10/20DJNestlé to Miss Its Long-Term Sales Target, Again
10/11 FTSE 100 slips from fresh record high, FTSE 250 outperforms
09/16 FTSE falls as banking stocks lose ground
09/14DJBusiness Watch -- WSJ
09/13DJUNITEDHEALTH : Optum Unit to Oversee Quest Diagnostics' Billing Processes
More sector news : Healthcare Facilities & Services - NEC
News from SeekingAlpha
09/23 Healthcare ratings roundup - upgrades/downgrades
08/29 WALL STREET BREAKFAST : Week Of Economic Data Up Next
08/29 Monopoly worries surface from health insurer pullback
08/19 Aetna Admits Managed Care Beats Insurance On Obamacare Exchanges
08/02 Apple-Backed Didi's Uber Deal
Financials ($)
Sales 2016 17 459 M
EBIT 2016 459 M
Net income 2016 138 M
Finance 2016 450 M
Yield 2016 -
P/E ratio 2016 24,24
P/E ratio 2017 17,24
EV / Sales 2016 0,16x
EV / Sales 2017 0,15x
Capitalization 3 308 M
More Financials
Duration : Period :
Molina Healthcare, Inc. Technical Analysis Chart | MOH | US60855R1005 | 4-Traders
Full-screen chart
Technical analysis trends MOLINA HEALTHCARE...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 61,8 $
Spread / Average Target 6,1%
Consensus details
EPS Revisions
More Estimates Revisions
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$)
HCA HOLDINGS INC21.26%31 053
LABORATORY CORP. OF AM..13.09%14 304
DAVITA INC-12.35%12 642
More Results