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

MOLINA HEALTHCARE, INC. (MOH)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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
0
07/17/2012 | 04:05pm EDT

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
or
Sunny Yu, 562-901-1039
Public Relations


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLINA HEALTHCARE, INC.
05/18Levi & Korsinsky, LLP Notifies Shareholders of Molina Healthcare, Inc. of Com..
BU
05/18MOLINA HEALTHCARE, INC. : Bronstein, Gewirtz & Grossman, LLC Notifies Investors ..
AC
05/17MOLINA HEALTHCARE : to Host Investor Day Meeting
BU
05/14MOLINA HEALTHCARE : James Woys Joins Molina Healthcare as Executive Vice Preside..
BU
05/14MOLINA HEALTHCARE, INC. : Pomerantz Law Firm Investigates Claims on Behalf of In..
AC
05/11Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 Fr..
BU
05/10MOLINA HEALTHCARE, INC. : Pomerantz Law Firm Investigates Claims On Behalf of In..
AC
05/10THE KLEIN LAW FIRM : Notifies Investors of an Investigation Concerning Possible ..
BU
05/07MOLINA HEALTHCARE INC : Submission of Matters to a Vote of Security Holders, Fin..
AQ
05/07MOH The Law Offices of Vincent Wong Reminds Investors of an Investigation Inv..
BU
More news
News from SeekingAlpha
04/30Molina Healthcare's (MOH) CEO Joe Zubretsky on Q1 2018 Results - Earnings Cal.. 
04/30Molina Healthcare Q1 revenues down 5%; non-GAAP EPS up 16%; updates guidance 
04/30Molina Healthcare beats by $0.96, misses on revenue 
04/29Notable earnings before Monday?s open 
04/16Health insurers/managed care firms up ahead of UNH Q1 earnings tomorrow 
Financials ($)
Sales 2018 18 720 M
EBIT 2018 547 M
Net income 2018 299 M
Finance 2018 2 603 M
Yield 2018 -
P/E ratio 2018 19,64
P/E ratio 2019 18,75
EV / Sales 2018 0,14x
EV / Sales 2019 0,11x
Capitalization 5 215 M
Chart MOLINA HEALTHCARE, INC.
Duration : Period :
Molina Healthcare, Inc. Technical Analysis Chart | MOH | US60855R1005 | 4-Traders
Technical analysis trends MOLINA HEALTHCARE, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 90,8 $
Spread / Average Target 7,4%
EPS Revisions
Managers
NameTitle
Joseph M. Zubretsky President, Chief Executive Officer & Director
Dale B. Wolf Chairman
Joseph W. White Chief Financial Officer
Ronna E. Romney Vice Chairman
Charles Z. Fedak Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MOLINA HEALTHCARE, INC.12.77%5 215
UNITEDHEALTH GROUP12.45%235 613
ANTHEM INC3.05%59 699
AETNA-1.48%57 965
CIGNA-12.62%43 117
HUMANA18.77%40 257