SPRINGFIELD, Ill.--(BUSINESS WIRE)--Aug. 15, 2017--
Molina Healthcare, Inc. (NYSE: MOH) today announced that its wholly
owned subsidiary, Molina Healthcare of Illinois, Inc., has been selected
by the Illinois Department of Healthcare and Family Services (HFS) to
enter into a statewide Medicaid managed care contract.
The State’s request for proposal (RFP) initiates a transformation of its
health and human services system that was first announced by Governor
Bruce Rauner in his 2016 State of the State address. The goals of this
initiative are to: align state and Managed Care Organization objectives
to enhance quality and improve outcomes; increase the integration of
behavioral and physical health; streamline current managed care programs
and reduce complexity for enrollees and providers; achieve greater
managed care coverage across the state; and control costs without
compromising quality or access.
“Molina is thrilled to expand its Medicaid footprint in the state by
coordinating and offering fully integrated managed care to Medicaid
beneficiaries in all regions,” said Mike Jones, president of Molina
Healthcare of Illinois, Inc. “For more than 35 years, Molina Healthcare
has been able to achieve cost savings while improving health outcomes
through care coordination, commitment to quality and a focus on
preventive care. We are excited and optimistic about playing a role in
transforming the State’s managed care program and look forward to
delivering on our mission to serve those in need.”
This Medicaid contract further integrates behavioral health and physical
health by combining the State’s three current managed care programs –
Integrated Care Plan (ICP), Family Health Plans/ACA Adults (FHP/ACA) and
Managed Long Term Services and Supports (MLTSS) into one program. The
new program will continue to cover Medicaid-eligible families and
children, childless adults, seniors and other persons with disabilities
and dual-eligible adults receiving LTSS. In addition, coverage will be
extended to cover special needs children. Mandatory managed care will be
extended from the current 30 counties to all 102 counties in Illinois
and will help the State achieve its goal of enrolling 80 percent of the
Medicaid-eligible population into managed care.
Molina Healthcare of Illinois was selected by HFS pursuant to its RFP
issued in February 2017. The start date for the new four-year contract
is scheduled for January 1, 2018, with options to renew annually for up
to four additional years.
AboutMolina Healthcare of Illinois
Since 2013, Molina Healthcare of Illinois’ mission has been to provide
government-funded, quality health care to low-income individuals. As of
March 2017, the Company serves approximately 194,000 members through
Medicaid and Medicare-Medicaid (duals) health programs. Molina’s service
area includes 13 counties throughout Illinois. Molina’s state provider
network includes 5,912 primary care physicians, 21,013 specialist
physicians, 1,152 ancillary services and 128 hospitals.
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 Illinois to
enter into a Medicaid managed care contract with the Illinois Department
of Healthcare and Family Services. 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 contract, a delay in the start date for the new
contract, a failure to satisfy readiness review requirements, a reversal
of the contract awards in connection with a successful protest by
another bidder, and results and performance issues under the new
contract that are materially less favorable than those under the
existing contract. 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/20170815006084/en/
Source: Molina Healthcare, Inc.
Molina Healthcare, Inc.
Investor Relations:
Juan José
Orellana, 562-435-3666
or
Public Relations:
Danielle
Smith, 562-619-0384
