Health Net to Hold Conference Call and Webcast to Discuss Second Quarter 2014 Earnings Results
July 02 2014 - 4:55PM
Business Wire
Health Net, Inc. (NYSE:HNT) expects to hold its quarterly
conference call to discuss second quarter 2014 earnings results on
Wednesday, August 6, 2014, at approximately 11:00 a.m. Eastern
time (8:00 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
August 6, 2014. The access code for the replay is
13585376.
A recording of the call can be heard from August 6, 2014
(12:00 p.m. Eastern time / 9:00 a.m. Pacific time) through
August 11, 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, Health Net’s
Quarterly Report on Form 10-Q for the quarterly period ended March
31, 2014, 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 5.5 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, including but
not limited to costs associated with the introduction of new
treatments or therapies; 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 and subsequent Quarterly Report
on Form 10-Q 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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