Company Profile For Health Net, Inc.

Health Net, Inc. (HNT.N) (New York Stock Exchange)

sector: Financials · industry: Insurance - Life & Health ·

As of 9:46pm IST

21.38USD

Price Change

-0.07

Percent Change

-0.33%

Analyst Recommendations

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 (PPOs) and point-of-service (POS) plans to approximately 6.7 million individuals across the country through group, individual, Medicare, (including the Medicare prescription drug benefit commonly referred to as Part D), Medicaid, TRICARE and Veterans Affairs programs. The Company operates within two segments: Health Plan Services and Government Contracts.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Health Net, Inc.'s revenues increased 4% to $11.92B. Net loss totaled $3.8M vs. an income of $59.5M. Revenues reflect an increase in income generated from health plan services premiums received and an increase in the government contracts revenue. Net loss reflects an increase in the cost of government contracts and a rise in the depreciation & amortization expenses.