(USD) | Dec 2023 | Q/Q |
---|---|---|
Revenue | 9B | +6% |
Gross Profit | 1.6B | - |
Cost Of Revenue | 7.5B | +2% |
Operating Income | 316MM | -12% |
Operating Expenses | 1.3B | - |
Net Income | 216MM | -12% |
G&A | 645MM | +6% |
Amortization | 43MM | +2% |
Interest Expense | 27MM | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Improved premiums resulting from membership growth, and higher patient admissions are expected to have driven the Q1 performance of HUM, MOH, UHS, EHC and CYH. An elevated operating expense level is likely to have dented growth prospects.
Molina's (MOH) first-quarter performance is likely to have been hurt by escalating medical care costs, partly offset by growing membership in all three businesses.
UnitedHealth topped earnings estimates on Tuesday, despite costs incurred from the Change Healthcare cyberattack.
Friday, the Agency for Health Care Administration announced contracts to five health plans due for the re-procurement of the Statewide Medicaid Managed Care (SMMC) program. Florida has finally announced its long-awaited Medicaid contract awards, keeping Centene Inc (NYSE:CNC), Elevance Health Inc (NYSE:ELV), and Humana Inc (NYSE:HUM) as the only providers in each state region. Stephens noted that Centene and Elevance Health re-procured specialty contracts (MMASC) while Centene also retained its
Key Insights The projected fair value for Molina Healthcare is US$598 based on 2 Stage Free Cash Flow to Equity Molina...
UnitedHealth earnings on Tuesday will offer an update on concerning medical utilization trends. Centene and Molina stocks are moving on Medicaid news.
Molina Healthcare (MOH) wins a Medicaid contract from the MDHHS to better care for the healthcare needs of Michigan's Medicaid beneficiaries and therefore, gain more customers.
LONG BEACH, Calif., April 11, 2024--Molina Healthcare, Inc. (NYSE: MOH) ("Molina" or the "Company") announced today that the Michigan Department of Health and Human Services (MDHHS) intends to award a Comprehensive Health Care Program contract to Molina’s health plan subsidiary, Molina Healthcare of Michigan. Molina confirmed it was awarded the contract in six service regions.
Centene's (CNC) Meridian secures a contract from the Michigan Department of Health and Human Services, which gives it the opportunity to better serve the health needs of the state's Medicaid members.
However, the insurers could protest Michigan’s decision, potentially mitigating membership erosion.