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Health Net Names Chief Medical Officer


Published on 2008-11-25 07:28:11 - Market Wire
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LOS ANGELES--([ BUSINESS WIRE ])--Health Net, Inc. (NYSE:HNT) today announced that Jonathan H. Scheff, M.D., M.B.A., is returning to the company as chief medical officer, effective immediately. Scheff is responsible for medical management programs for all Health Net health plans and has direct authority over the company's Health Care Quality, Medical Directors and Health Care Services.

"We are delighted that Dr. Scheff has agreed to return," says James E. Woys, chief operating officer. "This is a pivotal time for Health Net, and there's no one I would rather see coming into this important role more than Jonathan Scheff. He has a proven track record with our providers and has our members' best interests at heart. He knows the value of solid medical management programs, such Health Net's Decision PowerTM, and will help us realize their full value for our customers."

From 2003 to 2007, Dr. Scheff held the position of chief medical officer at Health Net, Inc. and oversaw enterprise-wide initiatives for improving clinical outcomes, and identifying and implementing best practices in processes and care management programs.

Prior to his appointment as chief medical officer in 2003, Dr. Scheff served as chief medical officer and senior vice president of TRICARE Medical Management for Health Net Federal Services, LLC. (HNFS). He was responsible for medical management activities for all HNFS business and oversaw the medical management of more than 1.7 million TRICARE beneficiaries receiving care under three contracts in 11 states.

"I'm very happy to be returning to Health Net," says Dr. Scheff. "I know the work, I know the leadership team – it's a homecoming that I welcome. I look forward to addressing the challenges ahead while keeping our members at the center of everything we do."

Dr. Scheff received his medical degree from Tufts University School of Medicine in Boston, Mass. He is board certified in Internal Medicine. Dr. Scheff holds a bachelor's degree from Amherst College in Massachusetts, a master's degree in Business Administration from the University of San Diego, California, and is a graduate of the Advanced Management Program at Harvard Business School in Boston, Mass.

About Health Net

Health Net, Inc. is among the nation's largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company's health plans and government contracts subsidiaries provide health benefits to approximately 6.7 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net's behavioral health subsidiary, MHN, provides mental health benefits to approximately 7.0 million individuals in all 50 states. 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. For more information on Health Net, Inc., please visit the company's Web site at [ www.healthnet.com ].

Cautionary Statements

All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management's analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, statements including the words "believes," "anticipates," "plans," "expects," "may," "should," "could," "estimate," "intend" and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, rising health care costs, negative prior period claims reserve developments, additional investment portfolio impairment charges, changes in the economy, volatility in the financial markets, trends in medical care ratios, unexpected utilization patterns or unexpectedly severe or widespread illnesses, membership declines, rate cuts affecting our Medicare or Medicaid business, issues relating to provider contracts, litigation costs, regulatory issues, operational issues, health care reform and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Risk Factors" section, included within the company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.

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