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27:
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In 2016, Health Net
Federal Services became a wholly-owned subsidiary of Centene, ending its time as a publicly traded company. In 2021, Health Net's former subsidiary, Health Net Federal Services, agreed to pay $ 97M to settle allegations that it had duplicated or inflated claims submitted to the
241:
reviews to the rate of enrollees whose coverage was discontinued. Health Net claimed that the patient withheld health information, including a heart problem, that would have disqualified her from coverage. She replied that the insurance broker had filled out the form for her. In
February 2008, the
248:
In
September 2012, the Los Angeles County Medical Association and two patients sued Health Net for denying medically necessary treatment, including cancer care. The lawsuit alleged that Health Net denied claims based on its own definition of "medical necessity" rather than standards set forth by
184:
In August 1993, Health Net merged with
Qualmed to form Health Systems International. In April 1997, Health Systems International merged with Foundation Health Corporation to form Foundation Health Systems. Also in 1997, Foundation Health Systems acquired PACC Health Plans and Physicians Health
227:
In 2018, Health Net in
Arizona was merged into other Centene holdings to form Arizona Complete Health, and Martha Smith was named as its Plan President and CEO. Separately, in September 2019, Brian Ternan was appointed CEO of Health Net in California, leading operations in that state.
223:
announced it would acquire Health Net for $ 6.8 billion. The acquisition was completed in March 2016 and combined headquarters were established in St. Louis, Missouri. The acquisition resulted in Health Net
Federal Services (HNFS) becoming a separate subsidiary of Centene.
236:
In 2007, a
California patient sued Health Net claiming that the company wrongfully terminated her care during chemotherapy treatments. During the case, a company employee performance review revealed that a manager had tied bonuses for an analyst in charge of
721:
206:
suspended Health Net for marketing and enrolling new members for compliance issues. The sanctions were lifted in August 2011. In
January 2012, the company agreed to sell its Medicare Prescription Drug Plan (PDP) business to
1137:
199:'s attorney general office investigated a lost, unencrypted hard drive with customer data. Health Net offered two years of free credit protection from a company called Debix to affected customers.
181:' conversion order, the California Wellness Foundation, the successor charity to its nonprofit status, received $ 300 million plus 80 percent of the equity of Health Net's parent holding company.
463:"Health Net Wins For-Profit Status : * Medicine: The state lets the Woodland Hills-based HMO convert from a nonprofit organization after it agrees to cede majority ownership to a foundation"
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In
November 2000, Foundation Health Systems changed its name to Health Net, Inc. when the company started trading on the New York Stock Exchange under the symbol HNT.
151:
Corporation, is an
American health care insurance provider. Health Net and its subsidiaries provide health plans for individuals, families, businesses and people with
489:"Rivals Health Net, QualMed Agree to Merge : Health care: The strategic alliance would give the two HMOs a combined 1.2 million customers in six Western states"
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818:
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bought Health Net's northeastern licensed subsidiaries for $ 510 million, and its Medicare and Medicaid businesses for $ 60 million. In November 2009,
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211:(CVS) for approximately $ 160 million in cash. Health Net continued to providing prescription drug plans as part of its Medicare Advantage plans.
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In 2008, Health Net agreed to pay $ 215M to settle allegations that it had unfairly reimbursed out-of-network providers between 1995 and 2007.
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177:. In 1992, a California order permitted the company to convert from a nonprofit to a for-profit company. Under the terms of the
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718:"Health Net (HNT) Announces Plans to sell Stand-Alone Prescription Plan Business to CVS Caremark (CVS) for ~$ 160M"
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February 23, 2008: Health Insurer Fined $ 9M for Dropping Calif. Breast Cancer Patient in Middle of Her Chemo
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869:"Investments in telehealth solutions in Arizona address the need for members to continue essential care"
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514:"Company News; 2 California Health Care Providers Agree to a $ 1.8 Billion Merger (Published 1995)"
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Health Net Federal Services website Rancho Cordova's Health Net division may see layoffs
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819:"These 30 companies, including Boeing, get the most money from the federal government"
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894:"Anthem sues senior executive who took job with competitor, demands return of $ 4M"
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court ruled in Bates' favor and ordered Health Net to over $ 9 million in damages.
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Health Net was established as the nonprofit Health Net of California in 1977 by
67:
1074:"Health Net Federal Services Pays over $ 97M for Overstated Billings to the VA"
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794:"Exclusive: Health Net gets new $ 17.7 billion military health care contract"
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527:
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349:"Centene's $ 6.3B Health Net Deal Shows Medicaid Plans Quick To Diversify"
768:"Health Net sells Medicare drug plan business to CVS Caremark for $ 160M"
156:
379:"Centene to Acquire Its Managed Care Rival Health Net for $ 6.8 Billion"
148:
159:, as well as commercial, small business, and affordable care insurance
1031:"Health Net's 'Medical Necessity' Definition OK'd By Judge - Law360"
693:"Update 1-Health Net says CMS lifts sanctions on Medicare programs"
249:
California law. A judge ruled in Health Net's favor in July 2013.
433:"Paul Wilson; Sunkist Executive, Founding Chairman of Health Net"
1056:"CA insurer Health Net pays $ 97M to settle VA billing probe"
926:"Health Insurer Tied Bonuses to Dropping Sick Policyholders"
131:
551:"Foundation Health Will Buy Physicians Health, as Expected"
1108:
Health insurer tied bonuses to dropping sick policyholders
976:"Health Net inks $ 215M settlement on payment allegations"
664:"Health Net says 1.5M medical records lost in data breach"
1005:"Health Net faces suit over refusals to cover treatments"
1138:
Companies formerly listed on the New York Stock Exchange
165:
In 2016, Centene acquired Health Net for $ 6.8 billion.
744:"Health Net Sells Medicare Drug Plan for $ 160 Million"
253:
Department of Veterans Affairs between 2013 and 2019.
631:"State approves UnitedHealthcare, Health Net Merger"
604:"Foundation Health Systems Now Known as Health Net"
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1143:Financial services companies established in 1977
204:Centers for Medicare and Medicaid Services (CMS)
1158:Health insurance companies of the United States
951:"Canceled Cancer Patient Awarded $ 9 Million"
8:
19:
25:
18:
1153:Health care companies established in 1977
1148:Health care companies based in California
845:"Health Net name disappearing in Arizona"
431:Stassel, Stephanie (28 September 1991).
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16:American health care insurance provider
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792:Robertson, Kathy (10 November 2016).
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179:California Department of Corporations
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461:Peltz, James F. (February 8, 1992).
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817:Sauter, Michael; Stebbins, Samuel.
629:Bordonaro, Greg (4 December 2009).
408:"Centene completes Health Net deal"
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924:Girion, Lisa (November 9, 2007).
892:Russell, John (30 January 2020).
742:Crowe, Deborah (9 January 2012).
584:"Health care giant swallows PACC"
406:Liss, Samantha (March 24, 2016).
1163:Health maintenance organizations
720:. 9 January 2012. Archived from
512:Freudenheim, Milt (1995-03-28).
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263:
641:from the original on 2013-02-16
1133:Companies based in Los Angeles
582:Brock, Kathy (13 April 1997).
293:Top 100 US Federal Contractors
1:
1168:2016 mergers and acquisitions
898:Indianapolis Business Journal
662:Mearian, Lucas (2009-11-19).
748:Los Angeles Business Journal
312:Beck, Melinda (2010-03-09).
487:Lee, Don (31 August 1993).
377:Bray, Chad (July 2, 2015).
1184:
314:"When Anger Is An Illness"
635:Hartford Business Journal
589:Portland Business Journal
24:
849:Phoenix Business Journal
215:Mergers and Acquisitions
772:Healthcare Finance News
412:St. Louis Post-Dispatch
319:The Wall Street Journal
202:In November 2010, the
1011:. September 13, 2012
1128:Centene Corporation
957:. February 22, 2008
873:www.bizjournals.com
798:www.bizjournals.com
555:Wall Street Journal
221:Centene Corporation
106:Number of employees
46:Managed health care
21:
610:. 21 November 2000
519:The New York Times
383:The New York Times
271:Los Angeles portal
209:CVS Caremark Corp.
193:UnitedHealth Group
147:, a subsidiary of
1009:Los Angeles Times
980:Fierce Healthcare
930:Los Angeles Times
774:. 10 January 2012
608:Los Angeles Times
493:Los Angeles Times
467:Los Angeles Times
438:Los Angeles Times
219:On July 2, 2015,
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60:Headquarters
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614:10 December
232:Legal cases
197:Connecticut
68:Los Angeles
1122:Categories
961:2021-09-20
903:2020-11-18
878:2022-07-13
854:2019-06-21
830:2021-09-20
803:2021-09-20
778:2020-11-18
753:2020-11-18
728:2020-01-11
703:2021-09-20
675:2020-11-18
645:2013-02-01
568:2020-11-18
533:2020-11-18
498:2020-11-18
444:2020-11-18
417:2020-11-18
358:2022-07-13
333:2021-09-20
299:References
239:rescission
185:Services.
175:Blue Cross
134:.healthnet
79:Key people
72:California
37:Subsidiary
824:USA Today
563:0099-9660
528:0362-4331
328:0099-9660
639:Archived
257:See also
157:Medicaid
153:Medicare
95:Products
42:Industry
697:Reuters
169:History
149:Centene
127:Website
121:Centene
52:Founded
561:
526:
353:Forbes
326:
116:Parent
110:3,000
1086:2022
1042:2021
1017:2021
988:2022
937:2013
616:2017
559:ISSN
524:ISSN
474:2017
390:2020
324:ISSN
155:and
136:.com
55:1979
132:www
88:CEO
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