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Molina Healthcare Inc   (MOH)
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Price: $376.7800 $-0.37 -0.098%
Day's High: $379.07 Week Perf: 0.39 %
Day's Low: $ 374.70 30 Day Perf: -4.04 %
Volume (M): 294 52 Wk High: $ 420.00
Volume (M$): $ 110,849 52 Wk Avg: $338.09
Open: $377.16 52 Wk Low: $266.35



 Market Capitalization (Millions $) 21,900
 Shares Outstanding (Millions) 58
 Employees 14,000
 Revenues (TTM) (Millions $) 34,072
 Net Income (TTM) (Millions $) 1,091
 Cash Flow (TTM) (Millions $) 860
 Capital Exp. (TTM) (Millions $) 89

Molina Healthcare Inc

Molina Healthcare, Inc. offers cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals, and to assist government agencies in their administration of the Medicaid program.We envision a future where everyone receives quality health care, and our mission is to provide quality health care to people receiving government assistance. To execute on our vision and mission, we dedicate ourselves to the following core values:

Caring - We care about those we serve and advocate on their behalf.

Enthusiasm - We enthusiastically address problems and seek creative solutions.

Respect - We respect each other and value ethical business practices.

Focus - We focus on our mission.

Thrift - We are careful with scarce resources.

Accountability - We are personally accountable for our actions and collaborate to get results.

Feedback - We strive to improve the organization and achieve meaningful change through feedback and coaching.

According to the U.S. Department of Health and Human Services (HHS), by late 2015 nearly 18 million people nationally gained health insurance by signing up for Medicaid or the Health Insurance Marketplace (Marketplace), since several of the Affordable Care Acts coverage provisions took effect. The uninsured rate has fallen from a high of 18% to nearly 11%; the lowest uninsured rate in 50 years according to an ongoing study by the Centers for Disease Control and Prevention.

In addition, as states continue to seek cost-effective strategies to manage the care of individuals with more complex healthcare and behavioral needs, we believe that the movement toward the integration of behavioral health and medical care will continue.
Our growth strategy has four components:


Expansion into new geographies;

Transitioning members and benefits from fee for service to managed care; and

Developing and acquiring new products and capabilities.
Significant accomplishments in support of our strategic growth initiatives during 2015 and early 2016 included:

Growth and retention in our existing markets.

We retained and grew existing business with our re-procurement wins in Michigan and Washington. Our new contract in Michigan expanded our service area across all of the Lower Peninsula, spanning an additional 18 counties. The Washington win, along with the acquisition described below, strengthens our position in the southwestern region of that state.

Our Florida and Michigan health plans acquired Medicaid contracts which added approximately 192,000 new members in 2015.


Our Marketplace enrollment grew from approximately 15,000 members in 2014, to over 200,000 members as of December 31, 2015.

Molina Medicaid Solutions entered into a 10-year contract with the state of New Jersey to design and operate that states new Medicaid management information system (MMIS).

Expansion into new geographies. Our Puerto Rico health plan began serving its first members in April 2015. As of December 31, 2015, our Puerto Rico plan enrollment amounted to approximately 348,000 members.

Transitioning members and benefits from fee for service to managed care. In 2015, we saw strong growth in our Medicare-Medicaid Plan (MMP) and Aged, Blind or Disabled (ABD) programs. While smaller programs in total membership, they translate to strong revenue growth because these members bring much higher premiums when compared with our other members, including those in the Temporary Assistance for Needy Families, Medicaid expansion and Marketplace programs.

Developing and acquiring new products and capabilities. We acquired Pathways Health and Community Support LLC (Pathways), formerly known as Providence Human Services, LLC, a division of The Providence Service Corporation. Pathways is one of the largest national providers of accessible, outcome-based behavioral/mental health and social services with operations in 23 states and the District of Columbia. We believe this acquisition will complement our Health Plans segment services with behavioral health and other services that focus on social determinants of health, as we increasingly arrange for healthcare services for members with complex needs.

From a strategic perspective, we believe our organizational structure allows us to participate in an expanding sector of the economy and continue our mission to provide quality health care to people receiving government assistance. Our approach to our business is based on the following strengths:


Flexible Health Services Portfolio. We offer a comprehensive suite of Medicaid services, ranging from quality care, disease management, cost management, and direct delivery of health care services, to state-level Medicaid management information systems (MMIS) administration through our Molina Medicaid Solutions segment. Our health plan care delivery systems are diverse and readily adaptable to different markets and changing conditions. We arrange health care services with a variety of providers, including independent physicians and medical groups, hospitals, ancillary providers, and our own clinics. Our systems support multiple types of contract models. Our provider networks are well-suited, based on medical specialty, member proximity, and cultural sensitivity, to provide services to our members. We believe that our Molina Medicaid Solutions platform, which is based on commercial off-the-shelf technology, has the flexibility to meet a wide variety of state Medicaid administrative needs in a timely and cost-effective manner.


Focus on People Receiving Government Assistance. Our experience over more than 35 years has allowed us to develop strong relationships with the constituents we serve, establish significant expertise as a government contractor, and develop sophisticated disease management, care coordination and health education programs that address the particular health care needs of our members. We also benefit from a thorough understanding of the cultural and linguistic needs of Medicaid populations.
Scalable Administrative Infrastructure. Our operations share common systems platforms, which allow for economies of scale and common experience in meeting the needs of state Medicaid programs. We have centralized and standardized various functions and practices to increase administrative efficiency. In addition, we have designed our administrative and operational infrastructure to be scalable for cost-effective expansion into new and existing markets.

Seasoned Management Team. Dr. C. David Molina founded our company in 1980 as a provider organization serving the Medicaid population in Southern California. Today, we remain a provider-focused company led by his son, Dr. J. Mario Molina, whose tenure with Molina is over 19 years. The rest of our named executive officers have been with Molina for periods ranging from 10 years to 20 years. We believe that this extensive experience allows senior management to take a longer-term view of our operations, while maintaining consistency.



   Company Address: 200 Oceangate Long Beach 90802 CA
   Company Phone Number: 435-3666   Stock Exchange / Ticker: NYSE MOH
   


Customers Net Income fell by MOH's Customers Net Profit Margin fell to

-5.21 %

3.55 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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UNH   -3.99%    
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Contract

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

Published Thu, Feb 29 2024 9:15 PM UTC

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 implication...

Molina Healthcare Inc

Molina Healthcare Inc. Surpasses Expectations with Remarkable Growth in Q4 2023 and Fiscal Performance

Molina Healthcare Inc. (NYSE: MOH) has reported significant growth in its financial performance for the fourth quarter of 2023 and the fiscal year ending December 31, 2023. The company saw a substantial increase in its income per share, with a growth of 288.92% to $3.71 per share. Furthermore, revenue also experienced a boost of 10.033% to $9.05 billion compared to the prior year period.
Net earnings for the fiscal year ending December 31, 2023, increased by 285.71% to $216.000 million from $56.000 million in the previous year. Despite a decrease in operating earnings by -64.35%, Molina Healthcare Inc.?s net margin actually improved to 2.39%. The company's operating margin fell to 3.91% from 12.08% in the fourth quarter of 2022.

Business Update

Molina Healthcare's Acquisition of Bright Healthcares California Medicare Business Sets a Path to Prosperity in the Evolving Healthcare Market

Published Tue, Jan 2 2024 9:05 PM UTC

Molina Healthcare, Inc. recently completed its acquisition of Bright Healthcares California Medicare business, signaling a significant development in the healthcare industry. With over 109,000 members under its belt, this merger solidifies Molina Healthcare's position as a leading provider of managed healthcare services under the Medicaid and Medicare programs. This move com...

Contract

Molina Healthcare Flexes Strategic Muscle: Slashes Acquisition Price Amidst Rising Costs and Shifting Market Forces

Published Mon, Dec 18 2023 1:15 PM UTC

Molina Healthcare reduces acquisition price for Bright HealthCares California Medicare business amidst rising costs and changing market dynamics
In a strategic move to adapt to changing circumstances and mitigate rising costs, Molina Healthcare, Inc. (NYSE: MOH) announced on December 13, 2023, that it has amended the purchase agreement for the acquisition of Bright Healt...

Molina Healthcare Inc

Solid Growth at Molina Healthcare Inc During the Third Quarter of 2023



Molina Healthcare Inc recently released their financial results for the third quarter ending September 30, 2023. The report highlights a significant increase in revenue, improved income per share, and a steady rise in bottom-line earnings. Despite a dip in income and net margin compared to the previous quarter, the company's focus on sales improvement and rising demand signals a positive outlook. This article aims to provide an overview of Molina Healthcare Inc's financial performance and contextualize it within its stock market performance.
I. Revenue Growth:
In the financial time-frame ending September 30, 2023, Molina Healthcare Inc witnessed a 7.834% increase in revenue. The company generated $8.55 billion in revenue, compared to $7.93 billion during the same period the previous year. This substantial growth showcases the company's ability to generate higher sales.






 

Molina Healthcare Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Molina Healthcare Inc does not provide revenue guidance.

Earnings Outlook
Molina Healthcare Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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