Health Net to Hold Conference Call and Webcast to Discuss First Quarter 2014 Earnings Results
April 10 2014 - 5:45PM
Business Wire
Health Net, Inc. (NYSE:HNT) expects to hold its quarterly
conference call to discuss first quarter 2014 earnings results on
Wednesday, May 7, 2014, at approximately 11:30 a.m. Eastern
time (8:30 a.m. Pacific time). Earnings results are expected
to be announced before the market opens on the same day.
The live conference call should be accessed at least 15 minutes
prior to its start with the following numbers:
(877) 407-4019 (Live – Toll-Free
Domestic) (201) 689-8337 (Live – International)
An access code is not required for the live conference call on
May 7, 2014. The access code for the replay is 13580432.
A recording of the call can be heard from May 7, 2014 (12:30
p.m. Eastern time / 9:30 a.m. Pacific time) through May 12,
2014 (12:00 Midnight Eastern time) by dialing one of the following
replay numbers:
(877) 660-6853 (Replay – Toll-Free
Domestic) (201) 612-7415 (Replay – International)
A live webcast and replay of the conference call also will be
available at www.healthnet.com under “Investor Relations.” The
conference call webcast is open to all interested parties.
Anyone listening to the company’s conference call or webcast
will be presumed to have read Health Net’s Annual Report on Form
10-K for the year ended December 31, 2013 and other reports
filed by Health Net from time to time with the Securities and
Exchange Commission.
About Health Net
Health Net, Inc. is a publicly traded managed care organization
that delivers managed health care services through health plans and
government-sponsored managed care plans. Its mission is to help
people be healthy, secure and comfortable. Health Net provides and
administers health benefits to approximately 5.3 million
individuals across the country through group, individual, Medicare
(including the Medicare prescription drug benefit commonly referred
to as “Part D”), Medicaid, U.S. Department of Defense, including
TRICARE, and Veterans Affairs programs. Health Net also offers
behavioral health, substance abuse and employee assistance
programs, managed health care products related to prescription
drugs, managed health care product coordination for multi-region
employers, and administrative services for medical groups and
self-funded benefits programs.
For more information on Health Net, Inc., please visit Health
Net’s website at www.healthnet.com.
Cautionary Statements
The company and its representatives may from time to time make
written and oral forward-looking statements within the meaning of
the Private Securities Litigation Reform Act (“PSLRA”) of 1995,
including statements in this and other press releases, in
presentations, filings with the Securities and Exchange Commission
(“SEC”), reports to stockholders and in meetings with investors and
analysts. All statements in this press release, other than
statements of historical information provided herein, may be deemed
to be forward-looking statements and as such are intended to be
covered by the safe harbor for “forward-looking statements”
provided by PSLRA. These statements are based on management’s
analysis, judgment, belief and expectation only as of the date
hereof, and are subject to changes in circumstances and a number of
risks and uncertainties. Without limiting the foregoing, statements
including the words “believes,” “anticipates,” “plans,” “expects,”
“may,” “should,” “could,” “estimate,” “intend,” “feels,” “will,”
“projects” and other similar expressions are intended to identify
forward-looking statements. Actual results could differ materially
from those expressed in, or implied or projected by the
forward-looking information and statements due to, among other
things, health care reform and other increased government
participation in and taxation or regulation of health benefits and
managed care operations, including but not limited to the
implementation of the Patient Protection and Affordable Care Act
and the Health Care and Education Reconciliation Act of 2010
(collectively, the "ACA") and related fees, assessments and taxes;
the company’s ability to successfully participate in California’s
Coordinated Care Initiative, which is subject to a number of risks
inherent in untested health care initiatives and requires the
company to adequately predict the costs of providing benefits to
individuals that are generally among the most chronically ill
within each of Medicare and Medi-Cal and implement delivery systems
for benefits with which the company has limited operating
experience; the company’s ability to successfully participate in
the federal and state health insurance exchanges under the ACA,
which have experienced technical challenges in implementation and
which involve uncertainties related to the mix and volume of
business that could negatively impact the adequacy of our premium
rates and may not be sufficiently offset by the risk apportionment
provisions of the ACA; increasing health care costs; our ability to
reduce administrative expenses while maintaining targeted levels of
service and operating performance; negative prior period claims
reserve developments; rate cuts and other risks and uncertainties
affecting the company’s Medicare or Medicaid businesses; the
company’s ability to successfully participate in Arizona’s Medicaid
program; trends in medical care ratios; membership declines or
negative changes in our health care product mix; unexpected
utilization patterns or unexpectedly severe or widespread
illnesses; the timing of collections on amounts receivable from
state and federal governments and agencies, including collections
of amounts owed under the T-3 contract; litigation costs;
regulatory issues with federal and state agencies including, but
not limited to, the California Department of Managed Health Care,
the Centers for Medicare & Medicaid Services, the Office of
Civil Rights of the U.S. Department of Health and Human Services
and state departments of insurance; operational issues; changes in
economic or market conditions including a further decline in the
economy; failure to effectively oversee our third-party vendors;
noncompliance by the company or the company’s business associates
with any privacy laws or any security breach involving the
misappropriation, loss or other unauthorized use or disclosure of
confidential information; impairment of the company’s goodwill or
other intangible assets; investment portfolio impairment charges;
volatility in the financial markets; liabilities incurred in
connection with the company’s divested operations; and general
business and market conditions. Additional factors that could cause
actual results to differ materially from those reflected in the
forward-looking statements include, but are not limited to, the
risks discussed in the “Risk Factors” section included within the
company’s most recent Annual Report on Form 10-K filed with the SEC
and the other risks discussed in the company’s filings with the
SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. Except as may be required by law, the
company undertakes no obligation to address or publicly update any
forward-looking statements to reflect events or circumstances that
arise after the date of this release.
Investor Contact:The Abernathy MacGregor GroupDavid
Olson, 818-917-1469dwo@abmac.comorMedia Contact:Health Net,
Inc.Brad Kieffer, 818-676-6833brad.kieffer@healthnet.com
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