Health Net
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| Health Net, Inc. | |
|---|---|
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| Type | Public (NYSE: HNT) |
| Founded | |
| Headquarters | Woodland Hills, California |
| Key people | Jay Gellert (CEO) |
| Industry | Healthcare |
| Employees | 9,300 |
| Website | healthnet.com |
Health Net, Inc. 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, USA.
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[edit] 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.
[edit] 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.
[edit] Quality of Care
On the 2007 Health Care Quality Report Card produced by 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.
[edit] 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. [1] In February of 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. [2]
[edit] References
[edit] External links
Rancho Cordova's Health Net division may see layoffs
Health insurer tied bonuses to dropping sick policyholders
February 23, 2008: Health Insurer Fined $9M for Dropping Calif. Breast Cancer Patient in Middle of Her Chemo
