Weekly profile.WEEKLY PROFILE HEALTH NET INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Symbol: HNT HNT Hostage Negotiation Team Exchange: NYSE NYSE See: New York Stock Exchange Close: 31.21 1-WK % chg: -6.6% Business Overview Health Net Inc., incorporated in 1990, is an integrated managed care organization that administers the delivery of managed healthcase services. The company's health plans and government contracts subsidiaries provide health benefits through health maintenance organizations, 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. and point-of-service plans to approximately 5.4 million individuals in 15 states through group, individual, Medicare, Medicaid and TRICARE programs. The company's subsidiaries also offer managed healthcare products related to behavioral health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or , dental, vision and prescription drugs. In addition, the company offers managed healthcare product coordination for worker's compensation insurance program through its employer services group subsidiary. The company operates within two reportable segments, Health Plan Services and Government Contracts. Income Statement LTM '03 * 2002 Revenue (millions) $10,815.3 $10,083.1 Operating Income (millions) 404.0 343.6 Net Income (millions) 185.4 228.6 EPS $1.54 $1.82 Summary Headquarters: Woodland Hills Market Cap: $3.5 billion Dividend Yield: NA ** P/E Ratio P/E ratio Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 times $2.55. XYZ stock sells for ten times earnings. : 12.3 * Latest Twelve Months Ended on 9/30/03 ** Company does not pay a dividend. |
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