Molina Healthcare Selected for Medicaid Contract Awards in the Southwest Region of Washington
November 18 2015 - 5:45PM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) today announced that its
wholly owned subsidiary, Molina Healthcare of Washington, Inc., has
been selected by the Washington State Health Care Authority (HCA)
to negotiate and enter into managed care contracts for the
Southwest region of the state’s Apple Health Fully Integrated
Managed Care Program. The new contracts will allow Managed Care
Organizations (MCOs) to provide the full continuum of behavioral
and physical health services that are available to beneficiaries
for the entire regional service area. Molina currently provides
Medicaid physical health services throughout Washington State,
including to beneficiaries in Clark and Skamania Counties composing
the Southwest region. Molina Healthcare of Washington was selected
by HCA pursuant to the request for proposal it had issued in August
2015. The start date for the new contract is scheduled for April 1,
2016.
“Molina has a long history of caring for Washington’s Medicaid
members, including an eight-year partnership with HCA to provide
fully integrated behavioral and physical health, and long-term care
services to beneficiaries in Snohomish County. We are pleased to
have been selected to provide integrated and expanded services in
the Southwest Region,” said Peter Adler, president of Molina
Healthcare of Washington. “We look forward to continuing our work
with the Health Care Authority and the Washington provider
community, as well as to furthering Molina’s mission of providing
access to high-quality care for Medicaid beneficiaries.”
The new Apple Health Fully Integrated Managed Care program will
combine physical and behavioral health services and will include a
separate contract for behavioral health wraparound services, which
has not traditionally been covered under Medicaid managed care.
About Molina Healthcare of Washington, Inc.
Molina Healthcare of Washington was established in 1985 and
serves nearly 570,000 members statewide. The Company contracts with
the Washington State Health Care Authority through Apple Health,
the state Medicaid program, to serve Medicaid members throughout
the state. Molina also manages a Medicare Special Needs Plan and
participates in the Washington Health Benefit Exchange, the
state-based Marketplace, in several counties across the state.
About Molina Healthcare, Inc.
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
health care services under the Medicaid and Medicare programs and
through the state insurance marketplaces. Through our locally
operated health plans in 11 states across the nation and in the
Commonwealth of Puerto Rico, Molina serves approximately 3.5
million members. Dr. C. David Molina founded our company in 1980 as
a provider organization serving low-income families in Southern
California. Today, we continue his mission of providing high
quality and cost-effective health care to those who need it most.
For more information about Molina Healthcare, please visit our
website at molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains
“forward-looking statements” regarding the selection of Molina
Healthcare of Washington to negotiate and enter into managed care
contracts for the Southwest region of the state’s Apple Health
Fully Integrated Managed Care Program. All forward-looking
statements are based on current expectations that are subject to
numerous risk factors that could cause actual results to differ
materially. Such risk factors include, without limitation, a
failure of the parties to finalize and execute the new contracts, a
delay in the start date for the new contracts, a reversal of the
contract awards in connection with a successful protest by another
bidder, and results and performance issues under the new contracts
that are materially less favorable than those under the existing
Medicaid contract. Additional information regarding the risk
factors to which Molina Healthcare is subject is provided in
greater detail in its periodic reports and filings with the
Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K. These reports can be accessed under the
investor relations tab of Molina Healthcare’s website or on the
SEC’s website at sec.gov. Given these risks and uncertainties,
Molina Healthcare can give no assurances that its forward-looking
statements will prove to be accurate, or that any other results or
events projected or contemplated by its forward-looking statements
will in fact occur, and Molina Healthcare cautions investors not to
place undue reliance on these statements. All forward-looking
statements in this release represent Molina Healthcare’s judgment
as of the date hereof, and Molina Healthcare disclaims any
obligation to update any forward-looking statements to conform the
statement to actual results or changes in its expectations that
occur after the date of this release.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118006736/en/
Molina Healthcare, Inc.Investor Relations:Juan José Orellana,
562-435-3666orPublic Relations:Laura Hart, 562-506-9208
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