Health Net

Health Net

Infobox_Company
company_name=Health Net, Inc.
company_logo=
company_type=Public (nyse|HNT)
foundation=
location=Woodland Hills, California
key_people=Jay Gellert (CEO)
industry=Healthcare
revenue=
num_employees=9,300
homepage= [http://www.healthnet.com healthnet.com]

Health Net, Inc. (nyse|HNT) is among the United States of America's largest publicly traded managed health care companies. The company’s HMO, POS, insured PPO and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals in all 50 states and the District of Columbia through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, MHN, provides behavioral health, substance abuse and employee assistance programs (EAPs) to approximately 7.3 million individuals in various states, including the company’s own health plan members. The company’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

Health Net's headquarters are located in Woodland Hills, California.

Divisions

Health Net Federal Services, Inc. (HNFS) is the government operations division of Health Net. It is the TRICARE North region provider as of July 1, 2004.

Health Net sponsorships

Since 2003, Health Net has been the title sponsor of the Health Net Pro Cycling Team Presented by Maxxis, a USA-based professional cycling team. In addition, Health Net is often a sponsor of a variety of professional cycling races such as the CSC Invitational.

Quality of Care

On the 2007 [http://www.opa.ca.gov/report_card/hmorating.aspx?utm_source=Wiki-HealthNet&utm_medium=QualityofCare&utm_campaign=Wikipedia Health Care Quality Report Card] produced by [http://www.opa.ca.gov/?utm_source=Wiki-HealthNet&utm_medium=QualityofCare&utm_campaign=Wikipedia California's Office of the Patient Advocate] , HealthNet (CA) received 3 out of 4 scores for meeting national standards of care, and for how members rate their HMO.

Controversy

In 2007, Patsy Bates, a California beautician, sued Health Net claiming that they wrongfully terminated her care in the middle of her chemotherapy treatments. Internal company documents made public during the law suit revealed that the company had tied bonuses to dropping coverage in order to encourage its analysts in charge of recission reviews to discover reasons (such as application fraud) to discontinue coverage to clients who the company deems will cost them money. The company pointed out that Bates had withheld critical information - that she had damaged her heart by the use of fen-phen for diet purposes and stated an inaccurate weight; Bates replied that the insurance broker had filled out the form for her and she had been busy in her salon. [cite web| title=Health Insurer Tied Bonuses to Dropping Sick Policyholders. | publisher =LA Times | url=t| accessdate =2007-11-11] In February 2008 the court ruled in favor of Bates, ordering Health Net to pay 8.4 million in punitive damages and $750,000 for emotional distress. [cite web| title=Insurer Fined $9M for Dropping Calif. Breast Cancer Patient in Middle of Her Chemo | publisher =AP | url=http://www.rawstory.com/news/mochila/Insurer_that_cut_client_s_care_fine_02232008.html| accessdate =2008-02-23]

References

External links

* [https://www.hnfs.net/common/home/ Health Net Federal Services website]

Rancho Cordova's Health Net division may see layoffs
* http://www.sacbee.com/103/story/766746.html

Health insurer tied bonuses to dropping sick policyholders
* http://www.latimes.com/business/la-fi-insure9nov09,1,5878955,print.story?ctrack=5&cset=true

February 23, 2008: Health Insurer Fined $9M for Dropping Calif. Breast Cancer Patient in Middle of Her Chemo
* http://www.rawstory.com/news/mochila/Insurer_that_cut_client_s_care_fine_02232008.html


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