Last $54.29 USD
Change Today -0.05 / -0.09%
Volume 1.1M
HNT On Other Exchanges
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

21650 Oxnard Street

Woodland Hills, CA 91367

United States

Phone: 818-676-6000

Fax:

000 of its Medicare members. HNPS contracts with national health care providers, vendors, drug manufacturers and pharmacy distribution networks (directly and indirectly through a third party vendor), oversees pharmacy claims and administration, reviews and evaluates new FDA-approved drugs for safety and efficacy and manages data collection efforts to facilitate the company’s health plans' disease management programs. In addition, HNPS provides affiliated health plans various services, including development of benefit designs, cost and trend management, sales and marketing support, and management delivery systems. HNPS outsources certain capital and labor-intensive functions of PBM, such as claims processing, mail order services, and pharmacy network services. Behavioral Health The company administers and arranges for behavioral health benefits and services through its subsidiary, Managed Health Network, Inc. and its subsidiaries (collectively ‘MHN’). MHN offers behavioral health, and substance abuse programs on an insured and self-funded basis to groups in various states, and these programs and services are included as a standard part of majority of its commercial health plans. MHN's benefits and services are also sold in conjunction with other commercial and Medicare products and on a stand-alone basis to unaffiliated health plans and employer groups. In addition, MHN administers EAPs for groups in various states. Through its EAPs, the company assesses and refers employees of employer groups to various non-medical services and information designed to improve workplace productivity. MHN also holds contracts with the U.S. Department of State (State Department) and the U.S. Agency for International Development (USAID) to provide EAP counseling services tailored for State Department and USAID employees and family members while posted overseas. As of December 31, 2013, MHN's products and services were provided to approximately 5.2 million individuals, with approximately 149,000 individuals under risk-based programs, approximately 1.2 million individuals under self-funded programs, and approximately 3.9 million individuals under EAPs, including those who are also covered under other MHN programs. Dental and Vision During 2013, the company’s current and prospective group plan members in Arizona and California had the option to elect private label dental products through a strategic relationship with Dental Benefit Providers, Inc. (DBP) and private label vision products through a strategic relationship with EyeMed Vision Care LLC (EyeMed). Those dental products were underwritten and administered by DBP affiliated companies and the vision products were underwritten by Fidelity Security Life Insurance Company and administered by EyeMed affiliated companies. DBP also administers dental products and coverage that the company provides to its members in Oregon and Washington. Liberty Dental Plans of California, Inc. serves as the underwriter and administrator for the dental services that it provides to its Medi-Cal and Healthy Families program enrollees. Vision Service Plan serves as the underwriter and administrator for the vision services that the company provides to its Medi-Cal and Healthy Families vision program enrollees in California. Strategy This segment’s strategy is to create affordable and tailored customer solutions by seeking to provide product offerings that both anticipate and respond to current and emerging market demands; pursuing innovative provider relationships that effectively manage the cost of care; and building alliances with other stakeholders in the health care system to identify and implement changes to help improve the quality and accessibility of the health care system. Government Contracts segment This segment includes the company’s government-sponsored managed care federal contract with the Department of Defense under the TRICARE program in the North Region and other health care, mental health and behavioral health government contracts. Under the T-3 contract for the TRICARE North Region, it provides various types of administrative services, including provider network manag

 

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Industry Analysis

HNT

Industry Average

Valuation HNT Industry Range
Price/Earnings 27.5x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 21.5x
TEV/Sales 0.1x
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