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Last $67.49 USD
Change Today -4.08 / -5.70%
Volume 7.0M
HNT On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/6/15 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:

building alliances with other stakeholders in the health care system to identify and implement changes to help improve the quality and accessibility of the health care system. Government Contracts segment This segment includes the company’s government-sponsored managed care federal contract with the DoD under the TRICARE program in the North Region and other health care and behavioral health government contracts. Under the Managed Care Support Contract (T-3 contract) for the TRICARE North Region, the company provides various types of administrative services, including provider network management, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing. This segment also includes other health care and behavioral health government contracts, and subcontracts that the company administers for the DoD, the U.S. Department of Veterans Affairs (VA), and certain other federal, state and local government entities. Certain components of these contracts are subcontracted to unrelated third parties. TRICARE The company’s wholly owned subsidiary, Health Net Federal Services, LLC (HNFS), is a managed care support contractor in the North Region for the DoD TRICARE program. The T-3 contract for the North Region covers Connecticut, Delaware, Illinois, Indiana, Kentucky (except Fort Campbell), Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin and the District of Columbia. In addition, the contract covers portions of the states of Iowa and Missouri. As a managed care support contractor for the T-3 contract for the TRICARE North Region, the company provides administrative services to approximately 2.8 million military health system (MHS) eligible beneficiaries. Eligible active duty service members and their families, retired service members and their families, survivors of retired service members, and qualified former spouses are able to choose from various TRICARE program options, including TRICARE Prime, which is similar to a conventional HMO plan. Non-active duty service members could select, on a case-by-case basis, to utilize TRICARE Extra, which is similar to a conventional PPO plan, or TRICARE Standard, which is similar to a conventional indemnity plan. Under TRICARE Prime, enrollees pay an enrollment fee (which is zero for active duty service members and their families) and select a PCP from the company’s contracted provider network. The PCPs are responsible for making referrals to specialists and hospitals. Under TRICARE Extra, eligible beneficiaries receive services from a TRICARE network provider but incur a deductible and cost-share that might be greater than the TRICARE Prime copayment. Under TRICARE Standard, eligible beneficiaries receive services from a TRICARE authorized provider, either participating or non-participating, but incur a deductible and higher cost-share than under TRICARE Prime or TRICARE Extra. In addition, TRICARE offers premium-based health plans for eligible beneficiaries. Qualified Selected Reserve members might purchase TRICARE Reserve Select, which is a TRICARE Standard benefit. Qualified retired Reserve members might purchase TRICARE Retired Reserve (TRR), also a TRICARE Standard benefit. TRR members have the same costs as retired service members. TRICARE Young Adult (TYA) is available for purchase by eligible young adults under age 26. TRICARE offers a TYA Standard plan and a TYA Prime plan. Military Family and Life Counseling Program The company’s wholly owned subsidiary, MHN Government Services, Inc., is party to a MFLC (Military Family and Life Counseling) contract that is awarded by the DoD to implement, administer and monitor the non-medical counseling MFLC program. Patient Centered Community Care Program In 2013, VA awarded HNFS a contract under its new Patient Centered Community Care (PC3) program. The PC3 program provides eligible veterans coordinated access to care through a network of non-VA providers who meet VA quality standards when a local VA medical

 

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Industry Analysis

HNT

Industry Average

Valuation HNT Industry Range
Price/Earnings 39.1x
Price/Sales 0.4x
Price/Book 3.3x
Price/Cash Flow 32.2x
TEV/Sales 0.1x
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