9 Advice That You Must Listen Before Embarking On Illinois Medicaid Redetermination Medical Renewal Form 9 | Illinois Medicaid Redetermination Medical Renewal Form 9

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LONG BEACH, Calif.–(BUSINESS WIRE)–

Illinois Managed Care – Version 110
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Molina Healthcare, Inc. (MOH):

Molina Healthcare, Inc. (MOH) today appear its banking after-effects for the additional division of 2018.

“Our additional division after-effects are a able adumbration that the aboriginal stages of our allowance accretion and sustainability plan are working,” said Joe Zubretsky, President and Chief Executive Officer. “Our focus on managed affliction fundamentals and a added authentic accomplishment administration action is reflected in our bigger earnings.”

We accept that the consecutive allegory of our 2018 additional division accomplishment with our 2018 aboriginal division accomplishment is the best advantageous indicator of our business progress. Cogent items impacting the division are presented in a table afterwards in this columnist release.

Second Division of 2018 Compared With Aboriginal Division of 2018

Net assets added to $202 million, from $107 actor in the aboriginal division of 2018. Net assets per adulterated allotment added to $3.02, from $1.64 in the aboriginal division of 2018.

Overall, the medical affliction arrangement bigger to 85.3%, from 86.1% in the aboriginal division of 2018. Excluding the accumulated account of the 2017 Marketplace accident acclimation and bulk administration abridgement (CSR) reimbursement, the medical affliction arrangement would accept been 87.0% in the additional division of 2018, compared with 87.2% in the aboriginal division of 2018. The consecutive advance in the all-embracing medical affliction arrangement was due to a abatement in the Medicaid medical affliction arrangement partially account by a seasonally college Marketplace medical affliction ratio.

The accepted and authoritative (G&A) bulk arrangement decreased to 6.9%, from 7.6% in the aboriginal division of 2018, due to added acquirement and continuing G&A bulk containment. Excluding the appulse of Marketplace agent commissions and barter fees in both periods, the G&A arrangement decreased to 6.2%, from 6.8% in the aboriginal division of 2018.

Renewal of Medicaid Contracts

Year to date in 2018, we renewed Medicaid affairs in Washington, Florida and Puerto Rico as follows:

Capital Plan Progress

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In the additional division of 2018, we repaid $300 actor outstanding beneath the revolving acclaim facility. In addition, we repaid $96 actor accumulated arch bulk of our 1.125% banknote convertible chief addendum due 2020 and entered into a adjourned abortion agreements to aish the corresponding portions of the alarm options and warrants. Year to date, we accept bargain the arch bulk of outstanding debt by $493 million.

Sale of Molina Medicaid Solutions Segment

In June 2018, we entered into a absolute acceding to advertise Molina Medicaid Solutions (MMS) to DXC Technology Company. The divestiture, accepted to aing in the third division of 2018, is accountable to the accomplishment of accepted closing altitude and the cancellation of assertive third affair consents and authoritative approvals. We apprehend the net banknote affairs amount for the disinterestedness interests of MMS to almost $220 actor afterwards assertive adjustments.

Second Division of 2018 Compared With Additional Division of 2017

Net assets for the additional division of 2018 was $202 million, compared with a net accident of $230 actor for the additional division of 2017. Net assets per adulterated allotment was $3.02 for the additional division of 2018 compared with net accident per adulterated allotment of $4.10 appear for the additional division of 2017. In the additional division of 2017, we recorded cogent medical affliction costs apropos to above-mentioned year dates of account in balance of absolute expectations, and Marketplace-related exceptional absence affluence and changes in estimates apropos to above-mentioned year dates of service. In addition, we recorded cogent crime and restructuring charges.

2018 Revised Guidance

The afterward table summarizes 2018 Revised Advice (1):

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Conference Call

Management will host a appointment alarm and webcast to altercate Molina Healthcare’s additional division 2018 after-effects at 8:00 a.m. Eastern time on Wednesday, August 1, 2018. The cardinal to alarm for the alternate teleconference is (877) 883-0383 and entering acceptance cardinal 7567890. A telephonic epitomize of the appointment alarm will be accessible through Wednesday, August 8, 2018, by dialing (877) 344-7529 and entering acceptance cardinal 10121865. A alive audio advertisement of this appointment alarm will be accessible on Molina Healthcare’s website, molinahealthcare.com. A 30-day online epitomize will be accessible about an hour afterward the cessation of the alive broadcast.

Story Continues

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About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed bloom affliction casework beneath the Medicaid and Medicare programs and through the accompaniment allowance marketplaces. Through its locally operated bloom plans, Molina Healthcare served about 4.1 actor associates as of June 30, 2018. For added advice about Molina Healthcare, amuse appointment molinahealthcare.com.

Safe Harbor Account beneath the Private Securities Action Reform Act of 1995

This balance absolution contains “forward-looking statements” apropos the Company’s 2018 revised guidance, as able-bodied as its plans, expectations, and advancing approaching events. Absolute after-effects could alter materially due to abundant accepted and alien risks and uncertainties. Those accepted risks and uncertainties include, but are not bound to, the following:

and abundant added accident factors, including those discussed in the Company’s alternate letters and filings with the Securities and Barter Commission. These letters can be accessed beneath the broker relations tab of the Company’s website or on the SEC’s website at sec.gov. Given these risks and uncertainties, the Aggregation can accord no assurances that its advanced statements will prove to be accurate, or that any added after-effects or contest projected or advised by its advanced statements will in actuality occur, and the Aggregation cautions investors not to abode disproportionate assurance on these statements. All advanced statements in this absolution represent the Company’s acumen as of July 31, 2018, and the Aggregation disclaims any obligation to amend any advanced statements to accommodate the account to absolute after-effects or changes in its expectations.

MOLINA HEALTHCARE, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

MOLINA HEALTHCARE, INC.

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In millions,except per-share data)

MOLINA HEALTHCARE, INC.

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

MOLINA HEALTHCARE, INC.

UNAUDITED HEALTH PLANS SEGMENT MEMBERSHIP

__________________

MOLINA HEALTHCARE, INC.

UNAUDITED SELECTED HEALTH PLANS SEGMENT FINANCIAL DATA

(In millions, except percentages and per-member per-month amounts)

MemberMonths (1)

MedicalMargin

MemberMonths (1)

MedicalMargin

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__________________

MOLINA HEALTHCARE, INC.

UNAUDITED SELECTED HEALTH PLANS SEGMENT FINANCIAL DATA

(In millions, except percentages and per-member per-month amounts)

MemberMonths

MedicalMargin

MemberMonths

MedicalMargin

MOLINA HEALTHCARE, INC.

UNAUDITED SELECTED HEALTH PLANS SEGMENT FINANCIAL DATA—

MEDICAID AND MEDICARE

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(In millions, except percentages and per-member per-month amounts)

MemberMonths

MedicalMargin

MemberMonths

 

MedicalMargin

__________________

MOLINA HEALTHCARE, INC.

UNAUDITED SELECTED HEALTH PLANS SEGMENT FINANCIAL DATA—

MEDICAID AND MEDICARE

(In millions, except percentages and per-member per-month amounts)

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MemberMonths

MedicalMargin

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