health net inc (HNT) Key Developments
Health Net, Inc. Announces Executive Changes
Mar 17 15
On March 12, 2015, the Board of Directors of Health Net, Inc. approved the expansion of the size of the Board to 11, effective as of March 12, 2015, and designated and appointed Mr. George Miller to serve as a member of the Board, also effective as of March 12, 2015, until his successor is duly elected and qualified. The Board will consider Mr. Miller’s future committee service in May 2015 as part of its annual committee service review and appointment process. Mr. Miller will stand for election to the Board at the Company’s 2015 Annual Meeting of Stockholders. On March 12, 2015, Patrick Foley advised the Board that he will not be standing for re-election to the Board at the Annual Meeting. Mr. Foley intends to retire from the Board effective immediately prior to the Annual Meeting. He is a current member of the company’s compensation and governance committees. Mr. Foley’s decision not to stand for re-election at the Annual Meeting was not due to any disagreement with the company.
Health Net Names Peter O’Neill as Vice President of Investor Relations and Corporate Communications
Mar 2 15
Health Net, Inc. announced that it has named Peter O’Neill, vice president, Investor Relations and Corporate Communications, effective March 2, 2015. This is a new position. O’Neill previously held management positions at UnitedHealthcare of Nevada, Sierra Health Services, Inc. and WellPoint Health Networks, Inc. O’Neill will be based in Health Net’s Woodland Hills, Calif., office. He will report to James Woys, Health Net’s chief financial and operating officer and interim treasurer.
Health Net, Inc. Presents at Cowen and Company 35th Annual Healthcare Conference, Mar-03-2015 09:20 AM
Feb 18 15
Health Net, Inc. Presents at Cowen and Company 35th Annual Healthcare Conference, Mar-03-2015 09:20 AM. Venue: The Boston Marriott Copley Place, Boston, Massachusetts, United States.
Tenet Healthcare Corporation and Health Net, Inc. Sign New Agreement to Provide Health Net Members with In-Network Access
Feb 11 15
Tenet Healthcare Corporation and operating subsidiaries of Health Net, Inc. have signed a new agreement providing Health Net members with in-network access to 59 Tenet hospitals, 129 outpatient centers and more than 1,600 employed physicians in 12 states through 2016. The new agreement continues the in-network access available to members under Health Net’s commercial HMO/PPO, Medicare Advantage, Medicaid and TRICARE arrangements. Also, for the first time, veterans in nine states gain access to Tenet’s facilities and physicians through Health Net’s agreement with the Department of Veterans AffairsPatient-Centered Community Care (PC3) program The PC3 program supplements the healthcare capabilities of the Veterans Health Administration by expanding access for eligible veterans to primary care, specialty care and behavioral healthcare services offered by community hospitals, outpatient centers and other providers.
Health Net, Inc. Revised Consolidated Earnings Guidance for the Full Year Ending December 31, 2015
Feb 10 15
Health Net, Inc. revised consolidated earnings guidance for the full year ending December 31, 2015. For the year, the company expects total consolidated revenues of $17.2 billion compared to previous guidance of $17.4 billion. GAAP tax rate is to be 56.7% compared to previous guidance of 57.4%. GAAP earnings per diluted share is to be at least $2.70 compared to previous guidance of at least $2.55.