Health Net Inc. (HNT).Business Overview Health Net Inc. (Health Net) is an integrated managed care organization that delivers managed healthcare services through health plans and government-sponsored, managed-care plans. The company operates and conducts its businesses through its subsidiaries. Health Net's health plans and government contracts subsidiaries provide health benefits through its health maintenance organizations (HMOs), insured preferred provider organizations pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. (PPOs) and point-of-service (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) plans to approximately 6.6 million individuals in 27 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). through group, individual, Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. , Medicaid, TRICARE and Veterans Affairs Veterans Affairs is a term of the business that deals with the relation between a government and its veteran communities, usually administered by the designated government agency. programs. The company operates within two segments: Health Plan Services and Government Contracts. In May 2007, the company completed its acquisition of the 50% interest in the Healthcare Solutions joint venture previously marketed with The Guardian Life Insurance Co. of America. Income Statement LTM * 2005 ** Revenue (billions) $13.1 $12.8 Operating Income (millions) 594 456 Net Income (millions) 342 329 EPS $2.90 $2.78 Summary Headquarters: Woodland Hills Market Cap: $5.9 billion Dividend Yield: N/A P/E Ratio: 17 * Latest Twelve Months Ending 3/2007 ** Fiscal Year Ending 12/2006 [GRAPHIC OMITTED] |
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