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Last $60.84 USD
Change Today -0.36 / -0.59%
Volume 442.9K
HNT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

21650 Oxnard Street

Woodland Hills, CA 91367

United States

Phone: 818-676-6000

Fax:

ny provides PBM services to Health Net members through its subsidiary, Health Net Pharmaceutical Services (HNPS). As of December 31, 2014, HNPS provided integrated PBM services to approximately 3.0 million Health Net members who have pharmacy benefits, including approximately 269,000 of its Medicare members and approximately 16,000 of its dual eligibles members. HNPS contracts with national health care providers, vendors, drug manufacturers and pharmacy distribution networks (directly and indirectly through a third party vendor), oversees pharmacy claims and administration, reviews and evaluates new FDA-approved drugs for safety and efficacy and manages data collection efforts to facilitate the company’s health plans' disease management programs. In addition, HNPS provides affiliated health plans various services, including development of benefit designs, cost and trend management, sales and marketing support, and management delivery systems. HNPS outsources certain capital and labor-intensive functions of PBM, such as claims processing, mail order services and pharmacy network services. Behavioral Health The company administers and arranges for behavioral health benefits and services through its subsidiary, Managed Health Network, Inc., and its subsidiaries (collectively ‘MHN’). MHN offers behavioral health, and substance abuse programs on an insured and self-funded basis to groups in various states, and these programs and services are included as a standard part of majority of its commercial health plans. MHN's benefits and services are also sold in conjunction with other commercial and Medicare products and on a stand-alone basis to unaffiliated health plans and employer groups. In addition, MHN administers EAPs for groups in various states. Through its EAPs, the company assesses and refers employees of employer groups to various non-medical services and information designed to improve workplace productivity. MHN also holds contracts with the U.S. Department of State (State Department) and the U.S. Agency for International Development (USAID) to provide EAP counseling services tailored for State Department and USAID employees and family members while posted overseas. In addition, effective January 2014, the company is required to administer certain mental health outpatient benefits to all its Medi-Cal members, including those newly eligible as a result of Medicaid expansion. As of December 31, 2014, MHN's products and services were provided to approximately 7.1 million individuals with approximately 147,000 individuals under risk-based programs, approximately 2.8 million individuals under self-funded programs and approximately 4.1 million individuals under EAPs, including those who are also covered under other MHN programs. Dental and Vision During 2014, the company’s current and prospective group plan members in Arizona and California had the option to elect private label dental products through a strategic relationship with Dental Benefit Providers, Inc. (DBP) and private label vision products through a strategic relationship with EyeMed Vision Care LLC (EyeMed). Those stand-alone dental products were underwritten and administered by DBP affiliated companies and the stand-alone vision products were underwritten by Fidelity Security Life Insurance Company and administered by EyeMed affiliated companies. DBP also administers dental products and coverage that the company provides to its members in Oregon and Washington, as well as to Medicaid enrollees in Arizona. Liberty Dental Plans of California, Inc. serves as the underwriter and administrator for the dental services that the company provides to its Medi-Cal enrollees. Vision Service Plan serves as the underwriter and administrator for the vision services that the company provides to its Medi-Cal enrollees in California and Medicaid enrollees in Arizona. Strategy The company’s strategy is to create affordable and tailored customer solutions by seeking to provide product offerings that both anticipate and respond to current and emerging market demands; pursuing innovative provider relationships that effectively manage the cost of care; and

 

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