Molina Healthcare of New Mexico Receives Notification of Intent to Award New Medicaid Contract
14 Agosto 2023 - 5:15PM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”)
confirmed that the New Mexico Human Services Department (HSD) has
announced its intention to award a Medicaid managed care contract
to Molina’s New Mexico health plan, Molina Healthcare of New
Mexico. The announcement by HSD follows its rescission of the
cancellation of the Turquoise Care Request for Proposals made on
January 30, 2023.
The go-live date for Molina Healthcare of New Mexico’s new
Medicaid contract is expected to be July 1, 2024. The new contract
is expected to have a duration of three years, with potential
extensions adding a further five years to the term. Molina
Healthcare of New Mexico is among four health plans awarded a new
Turquoise Care Medicaid contract. The four health plans will be
offering health care coverage to all of the enrollees in the New
Mexico managed care program, with current enrollment of
approximately 785,000 members.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company (currently ranked
126), provides managed health care services under the Medicaid and
Medicare programs and through the state insurance marketplaces.
Through its locally operated health plans, Molina Healthcare served
approximately 5.2 million members as of June 30, 2023. For more
information about Molina Healthcare, please visit
molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. This news release contains forward-looking
statements regarding HSD’s announcement of its intent to award a
Medicaid managed care contract to Molina’s New Mexico health plan.
All forward-looking statements are based on the Company’s current
expectations that are subject to numerous risks and uncertainties
that could cause actual results to differ materially. Such risks
include, without limitation, any changes incidental to a successful
protest or legal action, the successful negotiation of a Medicaid
contract with HSD, any delay in the start date of the new contract,
the satisfaction of readiness review, and a decline in Medicaid
enrollment as a result of recertifications. Given these risks and
uncertainties, Molina cannot give assurances that its
forward-looking statements will prove to be accurate. All
forward-looking statements in this news release represent Molina’s
judgment as of the date hereof, and it disclaims any obligation to
update any forward-looking statements to conform the statement to
changes in its expectations that occur after the date of this news
release. Information regarding the other risk factors to which the
Company is subject is provided in greater detail in its periodic
reports and filings with the Securities and Exchange Commission
(“SEC”), at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20230814805840/en/
Investor Contact: Joseph Krocheski,
Joseph.Krocheski@molinahealthcare.com, 562-549-4100 Media
Contact: Caroline Zubieta,
Caroline.Zubieta@molinahealthcare.com, 562-951-1588
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