California Medicaid awards upheld for Foundation Health.RANCHO CORDOVA Rancho Cordova (răn`chō kôrdō`və), uninc. residential city (1990 pop. 48,731), Sacramento co., N Calif. A suburb of Sacramento, it experienced rapid growth in the late 20th cent. , Calif.--(BUSINESS WIRE)--April 3, 1996-- Foundation Health Corp. (NYSE NYSE See: New York Stock Exchange :FH) today announced the California Department of Health Services Department of Health Services may refer to:
HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, subsidiary. The previously awarded contracts for Contra Costa and Tulare counties were not protested. The contract for Fresno County cannot be signed by the state at this time due to pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. brought by the county against the state. The contracts for Los Angeles, Contra Costa and Tulare counties, expected to come on line in the summer and fall of this year, will make Foundation Health the largest Medicaid managed care provider in the nation. The Company expects 500,000 to 700,000 new enrollees in California when the three contracts are fully implemented. "Managed care is gaining acceptance in the public sector due to its high level of accountability and its growing reputation for providing high-quality, accessible care in a cost-effective manner," said Daniel D. Crowley, President and Chief Executive Officer of Foundation Health Corp. "Our company is emerging as the nation's leader in the Medicaid and CHAMPUS CHAMPUS Civilian Health & Medical Program for Uniformed Services A health care plan for military dependents and retirees operated by the DoD Types of service HMO, PPO, and fee-for-service, through a single health plan known as TriCare markets as government agencies continue their transition to managed care. We have developed a core competency in the Medicaid market where we are becoming a major force competing for and winning business across the country." In addition to the large HMO awards in California, the company's subsidiaries participate in the following Medicaid programs: medical HMO coverage in Oklahoma, Florida, Arizona and Utah; administrative services for state agencies in Georgia, Maine, Massachusetts and New Jersey; dental coverage in California and Hawaii; behavioral health coverage in Tennessee; and vision coverage in California. Foundation Health Corp. is a multi-state managed care organization with headquarters in Rancho Cordova. Through its HMO, insured PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there and government contracts subsidiaries the company currently provides group, individual, Medicare, Medicaid and CHAMPUS coverage for more than 2.1 million individuals. In addition, the company's subsidiaries offer services related to worker's compensation, behavioral health, dental, vision and prescription drugs, and provide administrative services for medical groups and self-funded benefits programs. CONTACT: Foundation Health Corp., Rancho Cordova Kurt Davis, 916/631-5288 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion