LONG BEACH, Calif.--(BUSINESS WIRE)--May 24, 2017--
Molina Healthcare, Inc. (NYSE: MOH) today announced that its wholly
owned subsidiary, Molina Healthcare of Washington, Inc., has been
selected by the Washington State Health Care Authority (HCA) to
negotiate and enter into managed care contracts for the North Central
region of the state’s Apple Health Integrated Managed Care Program. The
new contracts will allow only selected Managed Care Organizations (MCOs)
to provide the full continuum of behavioral and physical health services
that are available to beneficiaries for the entire regional service area.
Molina currently provides Medicaid physical health services throughout
Washington State, including to beneficiaries in Chelan, Douglas and
Grant counties composing the North Central region. Beginning in April
2016, Molina was one of only two MCOs selected by the state HCA to
provide fully integrated behavioral and physical health services through
the Fully Integrated Managed Care Program in the Southwest region of
Washington. Molina Healthcare of Washington was selected by HCA for the
state’s north central region pursuant to the request for proposal it
issued in February 2017. The start date for the new contract is
scheduled for January 1, 2018.
“Molina is honored to be selected as one of the plans that will offer
coordinated and fully integrated behavioral and physical health care to
members in Chelan, Douglas and Grant counties,” said Peter Adler,
president of Molina Healthcare of Washington. “We’ve already seen
significant benefits providing ‘whole-person care’ under the Fully
Integrated Managed Care program in the Southwest region, and we look
forward to building on that success with the addition of the North
Central region.”
The new Apple Health Integrated Managed Care program combines physical
and behavioral health services and will include a separate contract for
behavioral health wraparound services, which has not traditionally been
covered under Medicaid managed care.
Molina Healthcare of Washington
Since 2000, Molina Healthcare of Washington’s mission has been to
provide high quality health care to people receiving government
assistance. As of March 2017, the organization serves approximately
785,000 members through Medicaid, Medicare and the Health Benefit
Exchange programs across the state of Washington. Additionally, Molina
Healthcare operates Molina Medical, a primary care clinic in Everett.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health
care services under the Medicaid and Medicare programs and through the
state insurance marketplaces. Through our locally operated health plans
in 12 states across the nation and in the Commonwealth of Puerto Rico,
Molina serves approximately 4.8 million members. Dr. C. David Molina
founded our company in 1980 as a provider organization serving
low-income families in Southern California. Today, we continue his
mission of providing high quality and cost-effective health care to
those who need it most. For more information about Molina Healthcare,
please visit our website at molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains “forward-looking
statements” regarding the selection of Molina Healthcare of Washington
to negotiate and enter into managed care contracts for the North Central
region of the state’s Apple Health Integrated Managed Care Program. All
forward-looking statements are based on current expectations that are
subject to numerous risk factors that could cause actual results to
differ materially. Such risk factors include, without limitation, a
failure of the parties to finalize and execute the new contracts, a
delay in the start date for the new contracts, a reversal of the
contract awards in connection with a successful protest by another
bidder, and results and performance issues under the new contracts that
are materially less favorable than those under the existing contracts.
Additional information regarding the risk factors to which we are
subject is provided in greater detail in our periodic reports and
filings with the Securities and Exchange Commission, including our most
recent Annual Report on Form 10-K. These reports can be accessed under
the investor relations tab of our website or on the SEC’s website at sec.gov.
Given these risks and uncertainties, we cannot give assurances that our
forward-looking statements will prove to be accurate, or that any other
results or events projected or contemplated by our forward-looking
statements will in fact occur, and we caution investors not to place
undue reliance on these statements. All forward-looking statements in
this release represent our judgment as of the date hereof, and we
disclaim any obligation to update any forward-looking statements to
conform the statement to actual results or changes in our expectations
that occur after the date of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170524005337/en/
Source: Molina Healthcare, Inc.
Molina Healthcare, Inc.
Juan José Orellana, 562-435-3666
Investor
Relations
or
Laura Murray, 562-506-9208
Public Relations