Molina Healthcare Announces “The MolinaCares Accord,” With a $150 Million Initial Funding Commitment
August 11 2020 - 4:15PM
Business Wire
Initiative Will be the Centerpiece of Molina’s
Mission Statement and Environmental, Social, and Governance
Programs
Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced
the launch of The MolinaCares Accord (“The Accord”), representing a
commitment to building stronger communities through improving
people’s health and lives. Branded “MolinaCares, Building Stronger
Communities…One Life at a Time,” The Accord will channel
substantial investments into solving the many gaps that exist in
the access to, and delivery of, health care today, particularly for
the disadvantaged populations that the company serves.
The Accord will use Molina’s extensive clinical and community
resources and an initial $150 million funding commitment to address
the many social issues that afflict the delivery of health care
today, including:
- racial disparities in the access to, and delivery of,
care;
- social determinants of health;
- opioid use disorder and substance abuse;
- rural access to health care;
- health care for the elderly, infirmed and frail; and
- other health care issues impacted by socioeconomic
disparities.
“While the COVID-19 pandemic did not create these issues, it
certainly brought them to the fore,” said Joe Zubretsky, President
and CEO of Molina Healthcare. Mr. Zubretsky continued, “Molina has
always been a champion of community involvement and charitable
giving, and it is the right time to renew this commitment, to
increase the devotion of resources, and to make an even bolder
statement. We are an organization that can really make a
difference. And we will.”
The MolinaCares Accord and its by-line, “Building Stronger
Communities…One Life at a Time,” will serve as the universal brand
for this initiative. Under the brand, MolinaCares will oversee a
501(c)(3) charitable foundation for making charitable gifts
consistent with its social charter, a Social Awareness Fund for
education programs and enlightenment, and the launch of other
charitable initiatives for Molina’s members and employees. While
The Accord is a broad national initiative, Molina is organizing
state-based local chapters to cater to the specific local needs of
the states in which it does business, as well as in states where it
plans to do business.
Mr. Zubretsky went on to say, “The words 'Molina Cares' capture
the company’s sentiment perfectly, and the moniker 'Accord' was
carefully chosen as it evokes the combination of a promise with a
shared vision and values, and the righting of a wrong. That is
exactly how we feel about the unfairness that for decades has built
up inside the health care economy. It must change.”
Molina has invested heavily in its communities over the years
and has already commenced charitable social programs in these
complex areas. As examples, Molina launched its National Social
Determinants of Health Innovation Center in Columbus, Ohio,
committed $15 million to ensure access to care in the State of
Washington during the COVID-19 pandemic, formed the Molina
Community Innovation Fund, which immediately made investments
totaling $2.5 million to support community partners in Ohio and
Washington, and has made many monetary and PPE contributions to
assist the Navajo Nation and other vulnerable communities in this
time of need.
About Molina Healthcare
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 its locally
operated health plans, Molina Healthcare served approximately 3.6
million members as of June 30, 2020. For more information about
Molina Healthcare, please visit molinahealthcare.com. For more
information about The MolinaCares Accord, please visit
molinacares.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200811005769/en/
Investor Contact: Julie Trudell,
Julie.Trudell@molinahealthcare.com, 562-912-6720 Media
Contact: Caroline Zubieta,
Caroline.Zubieta@molinahealthcare.com, 562-951-1588
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