Health Net Third-Quarter Earnings Beat Expectations

EVENTS

MAR

Advisory Meeting on Health Facility Building Projects

Sacramento

MAR

Evaluation Group Meeting on Mental Health Services

Sacramento

MAR

Meeting on Mental Health Care and Funding Policies

Sacramento

View All Events

FROM THE FOUNDATION

Paper to Electronic Charts Made Easy

Community clinics with experience making the transition from paper to electronic records share the strategies, techniques, and insights they learned along the way.

Among Hospitals, A Special Critical List

People in rural and remote areas throughout California depend on critical access hospitals. This paper tracks the changing landscape and financial health of these small but important institutions.

Telehealth Project to Provide Dental Care

Low-income families will receive free dental care, thanks to the Virtual Dental Home, a telehealth project supported by CHCF and other funders. The four-year pilot project will eventually operate in nine California communities.

Have you signed up for your free subscription and the daily email update? Please login or register to continue your session.

Wednesday, November 04, 2009

Health Net Third-Quarter Earnings Beat Expectations

Los Angeles-based Health Net announced that its third-quarter earnings beat analysts' expectations largely because of strong sales in Western states and lower administrative costs. The company had a third-quarter net loss of $66 million, or 64 cents per share, but much of that was attributed to charges related to the pending sale of its Northeast division of UnitedHealth Group. Excluding special items, Health Net posted earnings of $69.6 million, or 67 cents per share, above analysts' expectations of 61 cents per share.