Molina Healthcare of Indiana Recommended for MLTSS Award
March 06 2023 - 8:30AM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced
that the Indiana Department of Administration has recommended that
contract negotiations begin with Molina’s Indiana health plan,
Molina Healthcare of Indiana, Inc. Under the proposed contract with
the Indiana Family and Social Services Administration (FSSA),
Molina Healthcare of Indiana is expected to provide risk-based
managed care long term services and supports as part of the Indiana
Pathways for Aging LTSS program pursuant to the request for
proposal issued by FSSA on February 17, 2022.
The new contract for Molina’s Indiana health plan is expected to
have a four-year term, with the potential for two one-year
renewals. Molina’s Indiana health plan will be one of four managed
care organizations offering health care coverage to approximately
100,000 total Medicaid LTSS beneficiaries across the state.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company (currently ranked
125), provides managed healthcare services under the Medicaid and
Medicare programs and through the state insurance marketplaces.
Through its locally operated health plans, Molina Healthcare served
approximately 5.3 million members as of December 31, 2022. For more
information about Molina Healthcare, please visit
molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995.
This press release contains forward-looking statements regarding
Molina’s Indiana health plan subsidiary and the Indiana Pathways
for Aging LTSS program. All forward-looking statements are based on
the Company’s current expectations that are subject to numerous
risks and uncertainties that could cause actual results to differ
materially. Such risks include, without limitation, the failure to
finalize and execute a contract, a delay in the start date for the
contract, and any changes incidental to a successful administrative
protest or legal action. Given these risks and uncertainties,
Molina cannot give assurances that its forward-looking statements
will prove to be accurate. All forward-looking statements in this
press release represent Molina’s judgment as of the date hereof.
Information regarding the risk factors to which Molina is subject
is provided in greater detail in its periodic reports and filings
with the Securities and Exchange Commission (the “SEC”), including
the Company’s most recent Annual Report on Form 10-K. These reports
can be accessed under the investor relations tab of the Company’s
website or on the SEC’s website at sec.gov.
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Investor Contact: Joseph Krocheski, 562-951-8382 Media
Contact: Caroline Zubieta, 562-951-1588
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