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Health Net Federal Services Awarded Department of Veterans Affairs Community Based Outpatient Clinic Contract in Taos, New Mexi

^{Published on 2011-07-25 13:02:57 - Market Wire}
 

RANCHO CORDOVA, Calif.--([ BUSINESS WIRE ])--[ Health Net Federal Services ], LLC, part of the Government Contracts segment of [ Health Net, Inc. ] (NYSE:HNT), today announced it was awarded a contract by the New Mexico Veterans Affairs (VA) Health Care System (NMVAHCS) to provide primary and preventive health services to an estimated 1,000 Veterans in a newly established VA Contract Community Based Outpatient Clinic (CCBOC) in Taos, N.M. The new facility is anticipated to open on October 3, 2011.

"The new clinic will offer the latest telemedicine technologies in addition to personalized health services designed to help meet the unique needs of Veterans enrolled in the clinic."

aHealth Net is pleased to partner with NMVAHCS to offer primary care, mental health and other specialty services to Veterans in the Taos community,a said Donna Hoffmeier, Health Neta™s vice president and VA Program executive. aThe new clinic will offer the latest telemedicine technologies in addition to personalized health services designed to help meet the unique needs of Veterans enrolled in the clinic.a

For more information on the Taos CCBOC, Veterans may contact the NMVAHCS Primary Care Medicine Telephone and Scheduling Call Center at 1-800-465-8262, press 5, then press 5 again.

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 ].

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 managementa™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 abelieves,a aanticipates,a aplans,a aexpects,a amay,a ashould,a acould,a aestimate,a aintenda and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, health care reform, including the ultimate impact of the Affordable Care Act, which could materially adversely affect Health Neta™s financial condition, results of operations and cash flows through, among other things, reduced revenues, new taxes, expanded liability, and increased costs (including medical, administrative, technology or other costs), or require changes to the ways in which Health Net does business; rising health care costs; continued slow economic growth or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; membership declines; unexpected utilization patterns or unexpectedly severe or widespread illnesses; rate cuts affecting Health Neta™s Medicare or Medicaid businesses; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; litigation costs; regulatory issues with agencies such as the California Department of Managed Health Care, the Centers for Medicare and Medicaid Services and state departments of insurance, including the continued suspension of the marketing of and enrollment into Health Neta™s Medicare products for a significant period of time, which could have a material adverse impact on Health Neta™s Medicare business; operational issues; noncompliance by Health Net or Health Neta™s business associates with any privacy laws or any security breach involving the misappropriation, loss or other unauthorized use or disclosure of confidential information; investment portfolio impairment charges; volatility in the financial markets; 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 aRisk Factorsa section included within Health Neta™s most recent Annual Report on Form10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (aSECa) and the risks discussed in Health Neta™s subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. Health Net 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.