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Last $54.70 USD
Change Today +1.70 / 3.21%
Volume 1.1M
HNT On Other Exchanges
New York
As of 8:04 PM 05/4/15 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


ement, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing. This segment also includes other health care, mental health, and behavioral health government contracts and subcontracts that the company administers for the Department of Defense, 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), administers the T-3 contract with the Department of Defense under the TRICARE program in the North Region. 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 a small portion of each of Iowa and Missouri. Under the T-3 contract for the TRICARE North Region, the company provides administrative services to approximately 2.9 million Military Health System eligible beneficiaries. Eligible beneficiaries in the TRICARE program are able to choose from various program options. Under TRICARE Prime, enrollees pay an enrollment fee (which is zero for active duty participants and their dependents) and select a PCP from a designated provider panel. The PCPs are responsible for making referrals to specialists and hospitals. TRICARE Prime enrollees pay co-payments each time they receive medical services from a civilian provider. Under TRICARE Extra, eligible beneficiaries might utilize a TRICARE network provider and incur a deductible and co-payment, which is greater than the TRICARE Prime co-payment. Under TRICARE Standard, eligible beneficiaries might utilize a TRICARE authorized provider who is not a network provider and pay a higher co-payment than under TRICARE Prime or TRICARE Extra. Other Department of Defense Contracts The company’s wholly owned subsidiary, MHN Government Services, Inc., is party to a Military Family and Life Counseling (MFLC) contract that is awarded by the Department of Defense to implement, administer, and monitor the non-medical counseling MFLC program. Patient Centered Community Care Program In 2013, the VA awarded HNFS a contract under its new Patient Centered Community Care program (PC3 Program). This new PC3 Program provides eligible veterans coordinated, timely access to care through a network of non-VA providers who meet VA quality standards when a local VA medical center cannot readily provide the care. HNFS would support the VA in providing care to veterans in three of the six PC3 Program regions. These 3 regions, Regions 1, 2, and 4, include all or portions of 37 states, the District of Columbia, Puerto Rico, and the Virgin Islands. Other Veterans Affairs Contracts During 2013, HNFS administered six contracts with the VA to manage community-based outpatient clinics in four states. HNFS also administered or supported 1 other contract with the VA for 152 VA medical centers for claims, recovery, and audit services. Provider Relationships HNFS maintains a network of qualified physicians, facilities, and ancillary providers in the prime service areas of the company’s T-3 contract for the TRICARE North Region. As of December 31, 2013, HNFS had 203,269 physicians, 3,634 facilities, and 17,470 ancillary providers in its TRICARE network. The company’s behavioral health subsidiary, MHN, maintains a provider network consisted of approximately 56,334 psychiatrists, psychologists, and other clinical categories of providers nationwide. Hospital Relationships The company’s health plan subsidiaries arrange for hospital care primarily through contracts with selected hospitals in their service areas. These hospital contracts have multi-year terms or annual terms with automatic renewals and provide for payments on various bases, including capitation, per diem rates, case r


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