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Managed Care Companies
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HEALTH NET FEDERAL SERVICES HIRES HOFFMEIER
Health Net Inc. (Woodland Hills, CA) has hired Donna Hoffmeier as vice president of government relations at its Sacramento-based federal services operation. She was most recently with UnitedHealth Group.
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MOLINA WINS CA MEDI-CAL CONTRACTS
Molina Healthcare Inc. (Long Beach, CA) said that it had won contracts to continue to serve 100,000 Medicaid lives in California’s San Bernardino and Riverside counties through the state’s Medi-Cal program.
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WI HMO PROFITS INCREASE 14.3% IN 2005
HMOs in Wisconsin boosted net income 14.3% to $147.1 million in 2005 on revenues of $4.177 billion, up 4%, according to an MHMR tally of state insurance department data.
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HUMANA OUTLOOK DOWNGRADED BY A.M. BEST
A.M. Best Co. (Oldwick, NJ) has affirmed the “A-” financial strength rating of Humana Inc. (Louisville, KY); however, Best downgraded the outlook on the rating to negative from stable to reflect the Humana’s increased exposure to the Medicare Advantage and Part D programs.
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WELLPOINT RANKED LAST IN PAYING DOCS
WellPoint Inc. (Indianapolis) ranked worst among seven national payers in paying claims, based on an “ease of doing business with the insurer index” established by AthenaHealth (Watertown, MA), a provider of physician practice management software.
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AZ HMO PROFITS DECLINE 10.3% IN 2005
HMOs in Arizona reported net income of $154.4 million in 2005, down 10.3%, on revenues of $4.036 billion, up 2.7%, according to an MHMR tally of state insurance department data.
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