LONG BEACH, Calif.--(BUSINESS WIRE)--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.