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Molina Healthcare Inc   (MOH)
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Molina Healthcare Inc 's

Competitiveness


 

MOH Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Molina Healthcare Inc reported Revenue increase in the 4 quarter 2023 by 10.03 % year on year.
The revenue growth was below Molina Healthcare Inc 's competitors' average revenue growth of 13.54 %, achieved in the same quarter.

List of MOH Competitors

With a net margin of 2.39 % Molina Healthcare Inc achieved higher profitability than its competitors.

More on MOH Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Molina Healthcare Inc Net Income in the 4 quarter 2023 grew year on year by 285.71%, while most of its competitors have experienced a contraction in net income by -14.01 %.

<<  MOH Stock Performance Comparisons


Molina Healthcare Inc 's Comment on Competitors and Industry Peers


The Medicaid managed care industry is fragmented, and the competitive landscape is subject to ongoing changes as a result of health care reform, business consolidations and new strategic alliances. We compete with a large number of national, regional, and local Medicaid service providers, principally on the basis of size, location, quality of provider network, quality of service, and reputation. Our primary competitors in the Medicaid managed care industry include Centene Corporation, WellCare Health Plans, Inc., UnitedHealth Group Incorporated, Anthem, Inc., and Aetna Inc. Competition can vary considerably from state to state. Below is a general description of our principal competitors for state contracts, members, and providers:

Multi-Product Managed Care Organizations - National and regional managed care organizations that have Medicaid members in addition to numerous commercial health plan and Medicare members.

Medicaid HMOs - National and regional managed care organizations that focus principally on providing health care services to Medicaid beneficiaries, many of which operate in only one city or state.

Prepaid Health Plans - Health plans that provide less comprehensive services on an at-risk basis or that provide benefit packages on a non-risk basis.

Primary Care Case Management Programs - Programs established by the states through contracts with primary care providers to provide primary care services to Medicaid beneficiaries, as well as to provide limited oversight of other services.


We will continue to face varying levels of competition. Health care reform proposals may cause organizations to enter or exit the market for government sponsored health programs. However, the licensing requirements and bidding and contracting procedures in some states may present partial barriers to entry into our industry.
We compete for government contracts, renewals of those government contracts, members, and providers. State agencies consider many factors in awarding contracts to health plans. Among such factors are the health plan’s provider network, medical management, degree of member satisfaction, timeliness of claims payment, and financial resources. Potential members typically choose a health plan based on a specific provider being a part of the network, the quality of care and services available, accessibility of services, and reputation or name recognition of the health plan. We believe factors that providers consider in deciding whether to contract with a health plan include potential member volume, payment methods, timeliness and accuracy of claims payment, and administrative service capabilities.
Molina Medicaid Solutions competes with large MMIS vendors, such as HP Enterprise Services, ACS (owned by Xerox Corporation), Computer Services Corporation, and CNSI.





  

Overall company Market Share Q4 2023

Overall company revenue, increased less, than total company revenues, at 10.03 % and lost market share, to approximately 3.49 %.
<<  More on MOH Market Share.
 
*Market share is calculated based on total revenue.

  News about Molina Healthcare Inc Contracts

Molina Healthcare Faces Challenges as Virginia Cardinal Care Managed Care Contract is Not Renewed

Molina Healthcare, Inc. (NYSE: MOH) recently announced that its subsidiary, Molina Healthcare of Virginia, has not been selected as an awardee in the Commonwealth of Virginia's Cardinal Care Managed Care program. This news comes as a setback for the company, which currently serves approximately 140,000 members in the state. In this article, we will delve into the implications of this decision and compare Molina Healthcare's recent performance with that of its competitors.Molina Healthcare's Virginia Cardinal Care Contract UpdateMolina Healthcare of Virginia's current contract is expected to continue until the summer of 2024. However, the non-renewal of the contract in the Cardinal Care program poses challeng...





Who are Molina Healthcare Inc 's Competitors?




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+3.37%
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Aflac Incorporated
Profile

Aflac Incorporated operates as an insurance company that specializes in offering supplemental insurance products that provide cash benefits for policyholders. The company utilizes a business model that focuses on direct sales through agents, leveraging its brand recognition and reputation to reach customers and provide them with comprehensive insurance coverage options.

More about Aflac Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 51,551.416 mill. $ 18,701.000 mill. $ 4,659.000 mill.


The Cigna Group
Share Performance



+17.32%
This Year



The Cigna Group
Profile

The Cigna Group operates as a global health service company, offering a range of health insurance products and related services. Through its business model, Cigna aims to provide individuals, employers, and governments with affordable and personalized healthcare solutions, focusing on improving overall health and well-being. They collaborate with healthcare providers and partners to deliver quality care, manage costs, and enhance customer experiences.

More about The Cigna Group's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 108,037.888 mill. $ 195,265.000 mill. $ 5,372.000 mill.


Humana Inc
Share Performance



-23.46%
This Quarter



Humana Inc
Profile

Humana Inc's business model revolves around providing health insurance and healthcare services to individuals and organizations. They generate revenue by offering health insurance plans, including Medicare, Medicaid, and commercial plans, and by operating healthcare centers and clinics. Their goal is to improve the well-being of their customers by delivering accessible and affordable healthcare solutions.

More about Humana Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 43,170.461 mill. $ 106,374.000 mill. $ 2,484.000 mill.


Metlife Inc
Share Performance



+2.07%
Over The Past 5 Days



Metlife Inc
Profile

Metlife Inc operates as a global provider of insurance, annuities, and employee benefits.

More about Metlife Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 56,519.006 mill. $ 66,905.000 mill. $ 1,602.000 mill.


Principal Financial Group inc
Share Performance



+17.44%
One Year



Principal Financial Group inc
Profile

Principal Financial Group Inc's business model involves providing financial products and services such as retirement plans, insurance, and investment management to individuals, businesses, and institutions.

More about Principal Financial Group inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21,049.496 mill. $ 13,665.800 mill. $ 670.100 mill.


Unitedhealth Group Incorporated
Share Performance



+0.71%
Over The Past 5 Days



Unitedhealth Group Incorporated
Profile

UnitedHealth Group Incorporated operates as a diversified healthcare company, providing a wide range of healthcare products and services. Their business model revolves around offering healthcare coverage, benefits, and services to individuals, employers, and governments. They also operate a pharmacy benefits management business, offer consulting and technology services, and have a significant presence in healthcare delivery through their own network of physicians and hospitals. The company aims to improve the overall healthcare experience, enhance quality outcomes, and provide cost-effective solutions to their customers.

More about Unitedhealth Group Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 462,947.139 mill. $ 371,622.000 mill. $ 23,144.000 mill.


Unum Group
Share Performance



+36.31%
One Year



Unum Group
Profile

Unum Group operates as a provider of disability insurance, life insurance, and other employee benefits solutions. Their business model revolves around offering a range of insurance products and services to employers and individuals, aiming to protect their financial well-being in the event of illness, injury, or death.

More about Unum Group's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,583.450 mill. $ 12,385.900 mill. $ 1,283.800 mill.


Assurant Inc
Share Performance



+4.95%
Over The Past 5 Days



Assurant Inc
Profile

Assurant Inc's business model focuses on providing risk management solutions for various industries, including insurance, housing, and mobile devices.

More about Assurant Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,138.596 mill. $ 11,131.600 mill. $ 642.500 mill.


Elevance Health Inc
Share Performance



+0.57%
Over The Past 5 Days



Elevance Health Inc
Profile

Elevance Health Inc operates as a healthcare technology company, providing a platform for employers to offer high-quality healthcare benefits to their employees. Their business model focuses on utilizing data analytics and technology to deliver personalized, accessible healthcare solutions. By partnering with healthcare providers, they aim to enhance employee health outcomes while reducing costs for both employers and employees.

More about Elevance Health Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 123,035.394 mill. $ 165,712.000 mill. $ 6,434.000 mill.


Security National Financial Corporation
Share Performance



-19.45%
This Quarter



Security National Financial Corporation
Profile

Security National Financial Corporation operates as a financial and deathcare services provider. They offer insurance, mortgage loans, funeral services, and cemetery plots to individuals and families, serving as a one-stop solution for various financial and end-of-life needs.

More about Security National Financial Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 173.978 mill. $ 351.771 mill. $ 32.874 mill.


Centene Corporation
Share Performance



+23.25%
One Year



Centene Corporation
Profile

Centene Corporation operates as a managed care provider, offering healthcare services and insurance products primarily to individuals enrolled in government-sponsored programs. It focuses on delivering cost-effective and accessible healthcare solutions by partnering with healthcare professionals and community organizations, while also employing technology to improve care coordination and outcomes.

More about Centene Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 42,822.606 mill. $ 153,695.000 mill. $ 1,740.000 mill.


Cno Financial Group Inc
Share Performance



+24.76%
One Year



Cno Financial Group Inc
Profile

CNO Financial Group Inc's business model revolves around providing insurance products and services to customers.

More about Cno Financial Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,106.017 mill. $ 4,146.800 mill. $ 276.500 mill.


Futu Holdings Ltd
Share Performance



-7.47%
Over The Past 5 Days



Futu Holdings Ltd
Profile

Futu Holdings Ltd operates as an online brokerage and wealth management platform in China and globally. The company provides technology-driven brokerage and wealth management services to retail investors, offering trading services for stocks, options, and mutual funds, among others. Additionally, Futu Holdings also generates revenue through interest income from its margin financing and securities lending services.

More about Futu Holdings Ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 61,430.028 mill. $ 975.969 mill. $ 375.171 mill.


American National Group Inc
Share Performance



+0.60%
This Year



American National Group Inc
Profile

American National Group Inc operates as a diverse financial services company, offering insurance and investment products to individuals and businesses. They generate revenue by selling insurance policies and investment products, aiming to provide financial protection and growth opportunities to their customers.

More about American National Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,108.638 mill. $ 4,299.307 mill. $ 639.890 mill.


Axis Capital Holdings Limited
Share Performance



+17.80%
This Quarter



Axis Capital Holdings Limited
Profile

Axis Capital Holdings Ltd operates as a global provider of specialty insurance and reinsurance products. They offer coverage for various industries including property, casualty, marine, energy, aviation, and more. The company follows a diversified business model to manage risks and generate profitable underwriting results while maintaining a strong balance sheet and delivering value to its shareholders.

More about Axis Capital Holdings Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,492.771 mill. $ 5,643.388 mill. $ 376.292 mill.


Kemper Corporation
Share Performance



+8.19%
30 Days



Kemper Corporation
Profile

Kemper Corporation operates as an insurance holding company that provides various insurance products and services.

More about Kemper Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,985.465 mill. $ 4,944.200 mill. $ -272.300 mill.


White Mountains Insurance Group ltd
Share Performance



+23.41%
This Quarter



White Mountains Insurance Group ltd
Profile

White Mountains Insurance Group ltd operates as a holding company that provides insurance and reinsurance services. It primarily focuses on acquiring and managing a portfolio of specialty property and casualty insurance companies.

More about White Mountains Insurance Group ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 2,166.700 mill. $ 580.900 mill.



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