Molina Healthcare Inc - Company Profile
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Molina Healthcare Inc (Molina Healthcare) is a provider of government-sponsored care for low-income individuals in the US. The organization provides Medicare Advantage plans free of cost to address the healthcare requirements of individuals with Medicare or both Medicaid and Medicare coverage. It employs member-centered healthcare approach for people who are eligible for both Medicaid and Medicare for facilitating high quality care to address individual specific needs. Molina Healthcare also offers Marketplace plans to remove financial barriers and enable its Medicaid members to stay with their providers as they transition between Medicaid and the Marketplace. Besides offering its services through its own clinics the organization serves families and individuals’ eligible for government-sponsored programs; and offers healthcare services to independent physicians and groups, hospitals, ancillary providers through contracts. Molina Healthcare is headquartered in Long Beach, California, the US.
Headquarters
United States of America
Address
200 Oceangate, Suite 100, Long Beach, California, 90802-4317
Website
www.molinahealthcare.com
Telephone
1 562 4353666
No of Employees
18,000
Industry
Financial Services
Ticker Symbol & Exchange
MOH (NYSE)
Revenue (2022)
$34.1B
6.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
37.8%
(2022 vs 2021)
Market Cap*
$21.1B
Net Profit Margin (2022)
XYZ
29.0%
(2022 vs 2021)
* As of and is in US$
Molina Healthcare Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Plans: | Managed Healthcare |
| Medicare Advantage Plans | Medicaid |
| Medicare-Medicaid Plans | Medicare |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to secure a Comprehensive Health Care Program contract from the Michigan Department of Health and Human Services for Molina’s health plan subsidiary, Molina Healthcare of Michigan. |
| 2024 | Financing Agreements | In February, Molina Healthcare of Illinois and The MolinaCares Accord announced a collaboration to invest US$3.7 million in the MolinaCares Illinois Health Equity Initiative. |
| 2024 | Contracts/Agreements | In February, MolinaCares Accord partnered with Senior Whole Health by Molina Healthcare to invest $5 million in organizations offering place-based support for residents in senior affordable housing sites. |
Competitor Comparison
| Key Parameters | Molina Healthcare Inc | UnitedHealth Group Inc | The Cigna Group | Elevance Health Inc | Centene Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Long Beach | Hopkins | Bloomfield | Indianapolis | St. Louis |
| State/Province | California | Minnesota | Connecticut | Indiana | Missouri |
| No. of Employees | 18,000 | 440,000 | 72,500 | 104,900 | 67,700 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dale B. Wolf | Chairman | Executive Board | 2017 | 68 |
| Joseph M. Zubretsky | President; Chief Executive Officer; Director | Executive Board | 2017 | 66 |
| Mark L. Keim | Chief Financial Officer | Senior Management | 2021 | 57 |
| Jeff D. Barlow | Chief Legal Officer; Secretary | Senior Management | 2010 | 60 |
| Tim Gutshall | Chief Medical Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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