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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