Key Developments: Health Net Inc (HNT.N)

HNT.N on New York Stock Exchange

41.19USD
31 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Health Net Inc reaffirms FY 2014 EPS guidance
Wednesday, 7 May 2014 08:15am EDT 

Health Net Inc:Continues to expect FY 2014 GAAP earnings per diluted share of at least $3.00.  Full Article

Health Net Inc gives FY 2014 EPS guidance above analysts' estimates; comments on FY 2014 revenue guidance
Tuesday, 11 Feb 2014 08:15am EST 

Health Net Inc:Expects GAAP earnings per diluted share of at least $3.00 for fiscal 2014.Says the year-over-year increase in earnings per diluted share is based primarily on the company's expectation of an approximate 30 pct. increase in total revenues.primarily driven by new and expanded programs that are expected to add approximately 600,000 new members by the end of 2014, lower medical care ratios in the company's commercial and Medicare Advantage businesses and a lower tax rate compared with 2013.Fiscal 2014 EPS of $2.33 - Thomson Reuters I/B/E/S.  Full Article

Health Net Inc, CMS and DHCS complete dual eligible contract for Los Angeles and San Diego Counties
Wednesday, 22 Jan 2014 09:50pm EST 

Health Net Inc:Says that its wholly owned subsidiary, Health Net Community Solutions, Inc., has entered into a contract with the Centers for Medicare & Medicaid Services (CMS) and the California Department of Health Care Services (DHCS) for the dual-eligible demonstration in Los Angeles and San Diego counties.Says under the terms of the contract, Health Net will provide managed care services in both Los Angeles and San Diego counties under the duals demonstration portion of California's Coordinated Care Initiative, known as Cal MediConnect.Says the company expects to begin implementation of its Cal MediConnect coverage in both counties no earlier than Apr. 1.  Full Article

Health Net Inc Reaffirms FY 2013 Guidance
Thursday, 7 Nov 2013 08:15am EST 

Health Net Inc reaffirmed fiscal 2013 guidance and expects consolidated revenues to be in the range of $10.7 billion to $11.2 billion and GAAP EPS of $2.10 to $2.20. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $11.07 billion for fiscal 2013.  Full Article

Health Net Inc Receives New Contract
Wednesday, 4 Sep 2013 09:19pm EDT 

Health Net Federal Services, LLC, a wholly owned subsidiary of Health Net, Inc., announced the Department of Veterans Affairs (VA) has awarded Health Net Federal Services a contract under its new Patient Centered Community Care program.  Full Article

Health Net Inc Issues FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance
Thursday, 25 Jul 2013 08:15am EDT 

Health Net Inc announced that for fiscal 2013, it expects consolidated revenues to be in the range of $10.7 billion to $11.2 billion and GAAP EPS of $2.10 to $2.20 from previous range of $2.20 to $2.30. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $11.1 billion and EPS of $2.25 for fiscal 2013.  Full Article

Health Net Inc Raises FY 2013 EPS Guidance
Monday, 29 Apr 2013 08:15am EDT 

Health Net Inc announced that as a result of its efforts to reposition its large group commercial business going into 2013 and stronger overall commercial performance driven by lower utilization, the Company raising its fiscal 2013 earnings per diluted share (EPS) guidance to a range of $2.20 to $2.30. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.07 for fiscal 2013.  Full Article

CalPERS Announces Intent To Award Contract To Health Net Inc
Wednesday, 17 Apr 2013 05:55pm EDT 

Health Net Inc announced that the California Public Employees’ Retirement System (CalPERS) has voted to award Health Net of California a contract to provide health maintenance organization (HMO) benefits to CalPERS beneficiaries in six Southern California counties. The award is subject to the parties’ agreement on final terms of the contract, and Health Net’s CalPERS offerings are subject to regulatory approval. Once finalized, the contract is expected to cover CalPERS commercial and Medicare Advantage beneficiaries living in Kern, Los Angeles, Orange, Riverside, San Bernardino and San Diego counties for an initial five-year term. Health Net is expected to begin administering benefits to CalPERS beneficiaries on January 1, 2014.  Full Article

Health Net Inc Secures Arizona Medicaid Contract
Monday, 25 Mar 2013 08:30am EDT 

Health Net Inc announced that the Arizona Health Care Cost Containment System (AHCCCS) awarded Health Net a contract to administer Medicaid benefits in Maricopa County, which is currently expected to begin in October 2013. AHCCCS oversees the Medicaid program that provides coverage to more than 1 million Arizona beneficiaries statewide. When the contract becomes effective, which is currently expected to be in October 2013, Health Net, which was selected following a competitive bid process, will be offered as an acute care health plan option to AHCCCS-eligible beneficiaries. Health Net`s initial contract is for three years, with two additional one-year extensions at the option of AHCCCS.  Full Article

Health Net Inc Reaffirms FY 2013 Guidance
Wednesday, 30 Jan 2013 08:15am EST 

Health Net Inc reaffirmed fiscal 2013 guidance and expects revenues of $10.7 billion to $11.2 billion and earnings per diluted share(EPS) of $2.00 to $2.10. This guidance includes approximately $30 million of operating expenses in preparation for health care reform implementation but excludes any costs related to the Company's expected participation in the state of California's duals demonstration.  Full Article

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