Health Net Sponsors the 3rd National Veterans Summer Sports Clinic in San Diego

Health Net Partner and Singer, Barry Michael, Will Perform His Heroes and Angels Tribute

SACRAMENTO, Calif.--(BUSINESS WIRE)-- Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE:HNT), and MHN (Managed Health Network, Inc.), Health Net’s behavioral health subsidiary, today announced their national sponsorship of the 3rd National Veterans Summer Sports Clinic, to be held September 19 - 25, 2010, in San Diego, Calif.

“Health Net is dedicated to improving the quality of life for America’s Veterans by supporting programs that help Veterans achieve a healthy life and improved spirit,” said Steve Tough, president of Government Programs, Health Net, Inc. “Sponsoring the 3rd National Veterans Summer Sports Clinic is an excellent opportunity for us to give back to Veterans who have sacrificed so much.”

In addition, Nashville recording artist Barry Michael is partnering with Health Net to encourage Veterans to use rehabilitation therapy, including behavioral health support, to confront their challenges and to achieve their goals. Tough added, “We want to encourage Veterans and military families to use the various behavioral resources and tools available to them to help them thrive in the face of adversity. We are honored to have Barry sing his patriotic and inspiring song, Heroes and Angels, to all clinic attendees in San Diego.” Health Net Federal Services’ website is the only site where his song, Heroes and Angels, can be downloaded free of charge.

Because Health Net recognizes the benefits of a holistic approach to wellness, its behavioral health subsidiary, MHN, will provide on-site coaches to offer support and education for participating Veterans and their caregivers.

The Summer Sports Clinic promotes rehabilitation of body and spirit by teaching summer sporting activities to Veterans with significant physical or psychological impairments. Participation is open to U.S. military service Veterans who are newly injured from amputations, traumatic brain injuries, post-traumatic stress disorder and other neurological disorders. Sporting challenges such as sailing, surfing, kayaking, cycling, and track and field will be offered.

The Clinic’s activities not only help instill confidence and hope, but also demonstrate that having a visual or physical disability need not be an obstacle to an active, rewarding life. For more information, please visit www.summersportsclinic.va.gov.

About Health Net

Health Net Federal Services, LLC, 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.

As the behavioral health subsidiary of Health Net, Inc., MHN provides comprehensive behavioral-change solutions for individuals and organizations, including managed behavioral health and employee assistance programs. MHN has provided family counseling and advocacy services to military personnel and their families since 2004, and launched its Government Services division in January 2006 to support these programs. The Military & Family Life Consultant Program continues to serve and support hundreds of thousands of military personnel and families across the nation and abroad. For more information, visit www.mhn.com and www.mhngs.com.

Health Net, Inc. is among the nation’s largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company’s health plans and government contracts subsidiaries provide health benefits to approximately 6.0 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. The company’s behavioral health subsidiary, MHN, provides mental health benefits to approximately 5.5 million individuals in all 50 states. 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. For more information on Health Net Federal Services, please visit http://www.healthnetfederalservices.com/ or on Facebook.

Cautionary Statements

All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, statements including the words “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, health care reform; costs, fees and expenses related to the post-closing administrative services to be provided under the administrative services agreements entered into in connection with the sale of our Northeast business; potential termination of the administrative services agreements by the service recipients should we breach such agreements or fail to perform all or a material part of the services required thereunder; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; rising health care costs; continued recessionary economic conditions or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; unexpected utilization patterns or unexpectedly severe or widespread illnesses; membership declines; rate cuts affecting our Medicare or Medicaid businesses; litigation costs; regulatory issues; operational issues; investment portfolio impairment charges; volatility in the financial markets; and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included within the company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (“SEC”), and the risks discussed in the company’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.



CONTACT:

Health Net, Inc.
Margita Thompson, 818-676-7912
[email protected]
or
Health Net Federal Services, LLC
Molly Tuttle, 916-351-5355
[email protected]

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Health  Fitness & Nutrition  Mental Health  General Sports  Philanthropy  Defense  Other Defense  Other Philanthropy  Sports  Managed Care

MEDIA:

Logo
 Logo

Suggested Articles

Oscar Health will appeal a judge’s decision to toss its lawsuit against Blue Cross and Blue Shield of Florida over insurance broker agreements.

Physician-led ACOs generated nearly seven times more savings in 2018 than ACOs led by hospitals, a new analysis finds.

Most healthcare organizations are lagging in awareness and preparedness for compliance with proposed interoperability rules, according to a survey.