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Health Net Receives Full URAC Reaccreditation

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^{Published in Health and Fitness on Monday, May 9th 2011 at 18:40 GMT by Market Wire}  

RANCHO CORDOVA, Calif.--([ BUSINESS WIRE ])--[ Health Net Federal Services, LLC, ] part of the Government Contracts segment of [ Health Net, Inc ]. (NYSE:HNT), announced today it has been awarded full Health Network Reaccreditation, effective July 1, 2011 a" July 1, 2014,from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. URAC accreditation establishes and measures key industry standards for health care management and improvement, as well as consumer protection.

"Health Neta™s URAC reaccreditation demonstrates our organizationa™s commitment to quality and accountability throughout our policies, procedures and business practices"

aHealth Neta™s URAC reaccreditation demonstrates our organizationa™s commitment to quality and accountability throughout our policies, procedures and business practices,a said Steven Tough, president of Health Neta™s Government and Specialty division, which includes Health Net Federal Services. aAccreditation in accordance with URACa™s rigorous standards acknowledges our long-standing commitment and dedication to serve the military community with the highest quality health care.a

As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to more than 3 million uniformed service beneficiaries, including active duty and retired service members, National Guard and Reserve members, family members, survivors and other eligible beneficiaries. The TRICARE North Region includes: Connecticut, Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and Wisconsin. In addition, the contract covers a small portion of Tennessee, Missouri and Iowa.

aBy applying for and receiving full accreditation, Health Net has demonstrated a commitment to quality health care,a said Alan P. Spielman, URAC president and CEO. aQuality health care is crucial to our nationa™s welfare and it is important to have organizations that are willing to measure themselves against national standards.a

URAC, an independent, nonprofit organization, is a leader in promoting health care quality through accreditation and certification programs. URAC's standards keep pace with the rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in setting meaningful standards for the health care industry. For more information, visit [ www.urac.org ].

[ Health Net Federal Services ], a subsidiary of [ Health Net, Inc. ], has a long history of providing cost-effective, quality managed health care programs for government agencies, including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to nearly 3.0 million uniformed services beneficiaries, active and retired, and their families. In addition, Health Net provides high quality, cost-effective health care solutions for veterans, as well as behavioral health services for active duty service members, veterans and their families. Visit us at [ http://www.hnfs.com ] for more information.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. The company provides health benefits to approximately 6.0million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as aPart Da), Medicaid, Department of Defense, including TRICARE, and Veterans Affairs programs. Health Neta™s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 5.1 million individuals, including Health Neta™s own health plan members. The companya™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 companya™s website at [ www.healthnet.com ].