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Last $59.31 USD
Change Today -0.67 / -1.12%
Volume 367.7K
HNT On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 03/26/15 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:

ates, and discounted fee-for-service schedules. It includes the services of hospital-based physicians, nurses and other hospital personnel, room and board, intensive care, laboratory and X-ray services, diagnostic imaging and all other services normally provided by acute-care hospitals. The company’s nurses and medical directors are involved in various medical management activities on behalf of its HMO and PPO members. These activities could include discharge planning and case management, which involves the coordination of community support services, including visiting nurses, physical therapy, durable medical equipment, and home intravenous therapy. Ancillary and Other Provider Relationships The company’s health plan subsidiaries arrange for ancillary and other provider services, such as ambulance, laboratory, radiology, home health, chiropractic, acupuncture, and other various therapy providers primarily through contracts with selected providers in their service areas. These contracts have multi-year terms or annual terms with automatic renewals and provide for payments on various bases, including capitation, per diem rates, case rates, and discounted fee-for-service schedules. In certain cases, these provider services are included in contracts its health plan subsidiaries have with PPGs and hospitals. Customers The federal government is the primary customer of the company’s Government Contracts segment. In addition, the federal government and the state of California are primary customers of its Western Region Operations segment as a result of its contract with CMS for coverage of Medicare-eligible individuals and its contracts with California state agencies for federally-subsidized Medicaid and CHIP programs. Marketing and Sales The company markets its products and services to individuals and employer groups through internal sales staff, independent brokers, agents and consultants and through the Internet and the new ACA (the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010)-mandated exchanges. Accreditation The company pursues accreditation for certain of its health plans from the National Committee for Quality Assurance (NCQA) and the Utilization Review Accreditation Commission (URAC). The Medicare line of business of its California HMO has received NCQA accreditation with a score of ‘excellent’, which is the highest score NCQA awards. HN California's commercial HMO/POS, HNL's PPO and the company’s Arizona HMO's commercial lines of business received NCQA accreditation with a score of ‘commendable’. HN California’s Medi-Cal line of business holds an ‘accredited’ rank from the NCQA. The company’s MHN subsidiary has received URAC accreditation. Government Regulation The company’s Medicaid programs are regulated and administered in California by the DHCS and in Arizona by the AHCCCS. The use, disclosure, and maintenance of individually identifiable health information and other data by the company’s businesses are regulated by various laws at the federal, state, and local level. These laws and regulations are changed frequently by legislation or administrative interpretation. Majority of those laws are derived from Health Insurance Portability and Accountability Act of 1996 and the privacy provisions in the federal Gramm-Leach-Bliley Financial Modernization Act of 1999, although there are an increasing number of state laws that require notification to individuals and regulatory authorities in the event of a security breach and that primarily regulate the use and disclosure of social security numbers. The company is also subject to the U.S. Foreign Corrupt Practices Act and similar worldwide anti-corruption laws, including the U.K. Bribery Act of 2010, which prohibit companies and their intermediaries from making improper payments to non-U.S. officials for the purpose of obtaining or retaining business. Intellectual Property The company has registered and maintains various trademarks that it uses in its businesses, including marks and names incorporating the ‘Health Net’ phrase, and from time to time that the company applies for a

 

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HNT:US $59.31 USD -0.67

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Industry Analysis

HNT

Industry Average

Valuation HNT Industry Range
Price/Earnings 33.3x
Price/Sales 0.3x
Price/Book 2.7x
Price/Cash Flow 26.3x
TEV/Sales 0.1x
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