|
Balance Sheet Cash Flow Statement 200 Oceangate, Ste. 100 Long Beach, CA 90802 CA Tel. 562-435-3666 Toll Free 888-562-5442 Fax 562-499-0790 |
Type: Public
On the web:
http://www.molinahealthcare.com
Employees:
2,500
Employee growth: 8.7%
Molina Healthcare brings managed care to the Medicaid marketplace. The company operates HMOs in nine states, each of which caters primarily to participants in Medicaid or State Children's Health Insurance Programs (SCHIP). Molina contracts with community health care providers to supply care to its members in return for a set monthly fee for each member from the relevant state government. In California and Virginia, the company runs its own group of primary care clinics to serve its members. In addition, Molina Healthcare provides Medicare health plans to seniors who are eligible for both Medicaid and Medicare. Dr. C. David Molina, father of CEO Joseph Molina, founded Molina Healthcare in 1980.
Key numbers for fiscal year ending December, 2008:
Sales: $3,112.4M
One year growth: 24.9%
Net income: $62.4M
Income growth: 7.0%
Officers:
Chairman, President, and CEO; Chairman, Molina Healthcare of California: J. Mario Molina
COO: Terry P. Bayer
EVP Financial Affairs, CFO, Treasurer, and Director: John C. Molina
Competitors:
AmeriChoice
Centene
WellPoint




