Health Net Receives Full URAC Reaccreditation

RANCHO CORDOVA, Calif.--(BUSINESS WIRE)-- Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE:HNT), announced today it has been awarded full Health Network Reaccreditation, effective July 1, 2011 – July 1, 2014, from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. URAC accreditation establishes and measures key industry standards for health care management and improvement, as well as consumer protection.

“Health Net’s URAC reaccreditation demonstrates our organization’s commitment to quality and accountability throughout our policies, procedures and business practices,” said Steven Tough, president of Health Net’s Government and Specialty division, which includes Health Net Federal Services. “Accreditation in accordance with URAC’s rigorous standards acknowledges our long-standing commitment and dedication to serve the military community with the highest quality health care.”

As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to more than 3 million uniformed service beneficiaries, including active duty and retired service members, National Guard and Reserve members, family members, survivors and other eligible beneficiaries. The TRICARE North Region includes: Connecticut, Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and Wisconsin. In addition, the contract covers a small portion of Tennessee, Missouri and Iowa.

“By applying for and receiving full accreditation, Health Net has demonstrated a commitment to quality health care,” said Alan P. Spielman, URAC president and CEO. “Quality health care is crucial to our nation’s welfare and it is important to have organizations that are willing to measure themselves against national standards.”

URAC, an independent, nonprofit organization, is a leader in promoting health care quality through accreditation and certification programs. URAC's standards keep pace with the rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in setting meaningful standards for the health care industry. For more information, visit www.urac.org.

Health Net Federal Services, a subsidiary of Health Net, Inc., has a long history of providing cost-effective, quality managed health care programs for government agencies, including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to nearly 3.0 million uniformed services beneficiaries, active and retired, and their families. In addition, Health Net provides high quality, cost-effective health care solutions for veterans, as well as behavioral health services for active duty service members, veterans and their families. Visit us at http://www.hnfs.com for more information.

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 6.0 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’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 Net’s own health plan members. The company’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 company’s website at www.healthnet.com.



CONTACT:

Health Net Federal Services Contact:
Molly Tuttle, 916.217.6171
[email protected]
or
Health Net, Inc. Contact:
Margita Thompson, 818.676.7912
[email protected]

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Health  Professional Services  Insurance  Defense  Other Defense  General Health  Managed Care

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