Health Net to Hold Conference Call and Webcast to Discuss First Quarter 2015 Earnings Results
April 09 2015 - 8:30AM
Business Wire
Health Net, Inc. (NYSE:HNT) expects to hold its quarterly
conference call to discuss first quarter 2015 earnings results on
Tuesday, May 5, 2015, 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
May 5, 2015. The access code for the replay is 13606499.
A recording of the call can be heard from May 5, 2015
(12:00 p.m. Eastern time / 9:00 a.m. Pacific time) through
May 10, 2015 (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, 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 6.0 million
individuals across the country through group, individual, Medicare
(including the Medicare prescription drug benefit commonly referred
to as “Part D”), Medicaid, dual eligible, U.S. Department of
Defense, including TRICARE, and U.S. Department of 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 involve uncertainties related to the mix and volume of
business that could negatively impact the adequacy of the company’s
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; the company’s ability to reduce
administrative expenses while maintaining targeted levels of
service and operating performance, including through the company’s
master services agreement with a subsidiary of Cognizant Technology
Solutions Corporation (Cognizant); whether the company receives
required regulatory approvals for Cognizant’s provision of services
to the company and any conditions imposed in order to obtain such
regulatory approvals; the company’s ability to recognize the
intended cost savings and other intended benefits of the Cognizant
transaction; the risk that Cognizant may not perform contracted
functions and services in a timely, satisfactory and compliant
manner; negative prior period claims reserve developments; rate
cuts and other risks and uncertainties affecting the company’s
Medicare or Medicaid businesses; trends in medical care ratios;
membership declines or negative changes in the company’s health
care product mix; unexpected utilization patterns or unexpectedly
severe or widespread illnesses; failure to effectively oversee the
company’s 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; the timing of
collections on amounts receivable from state and federal
governments and agencies; litigation costs; regulatory issues with
federal and state agencies including, but not limited to, the
California Department of Managed Health Care and Department of
Health Care Services, the Arizona Health Care Cost Containment
System, 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; investment portfolio
impairment charges; volatility in the financial markets; 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 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
of its forward-looking statements to reflect events or
circumstances that arise after the date of this release.
Health Net, Inc.Investor Contact:Peter O’Neill, (818)
676-8692peter.oneill@healthnet.comorMedia Contact:Brad
Kieffer, (818) 676-6833brad.kieffer@healthnet.com
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