Molina Healthcare Awarded Nevada Medicaid Contract
August 17 2021 - 07:00AM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced
its Nevada health plan subsidiary was awarded a Medicaid managed
care contract from the Nevada Department of Health and Human
Services – Division of Health Care Financing and Policy
(“DHCFP”).
The new four-year Medicaid contract, with a potential two-year
extension, will commence on January 1, 2022. Molina’s Nevada health
plan is one of four Managed Care Organizations offering health care
coverage to approximately 630,000 Medicaid beneficiaries in Clark
County (Las Vegas area) and Washoe County (Reno area) through the
TANF, CHIP, and Medicaid Expansion programs. Molina will also
participate in the state-based Affordable Care Act Exchange.
“We are honored that Nevada has awarded Molina the opportunity
to serve the state’s most vulnerable citizens,” said Joe Zubretsky,
president and chief executive officer of Molina Healthcare. “Molina
looks forward to advancing the state’s goals of improving care
management, member access, and overall health equity for its
Medicaid members.”
About Molina Healthcare Molina Healthcare, Inc., a
FORTUNE 500 company, 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 4.7 million members as of June 30,
2021. 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 the provisional award of a Medicaid managed
care contract to Molina’s Nevada health plan by Nevada DHCFP. 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 receive approval by the
Nevada State Board of Examiners, changes incidental to a successful
protest or legal action, a delay in the start date for the
contract, or other supervening action by Nevada or a court. 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 release represent the Company’s
judgment as of the date hereof, and it disclaims any obligation to
update any forward‑looking statements to conform the statement to
changes in its expectations that occur after the date of this
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210817005229/en/
Investor Contact: Ronald Kurtz,
Ronald.Kurtz@molinahealthcare.com, 562-912-6820 Media
Contact: Caroline Zubieta,
Caroline.Zubieta@molinahealthcare.com, 562-951-1588
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