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Molina Helathcare's (MOH) 2017 Star Quality Ratings Raised
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Molina Healthcare Inc. (MOH - Free Report) recently declared the scores of all its eligible health plans have either been raised or have remained unchanged in terms of the 2017 Star Ratings by Centers for Medicare & Medicaid Services (“CMS”). The company believes that its premium quality and efficiency supported the ratings.
Molina Healthcare, known for its customized healthcare solutions, presently offers Medicare products to nearly 100,000 members in a total of 12 states across the nation. The company also boasts a substantial member base in its Medicare-Medicaid Plan (MMP). The company has established is the 11th largest Medicare D-SNP health plan as of Nov, 2016.
Molina Healthcare’s health plans are consistently accredited and rated by famous rating organizations. We note that the shares of the company lost 10.7%, whereas the Zacks categorized Health Maintenance Organization industry that has gained 21.14%. Nonetheless, the impressive star ratings are likely to result in share price appreciation in the near future.
Coming back to the aforesaid ratings, CMS publishes its Star Ratings on the basis of parameters like outcomes, intermediate outcomes, patient experience, access and process that help to evaluate the quality of care and general health status of a company’s Medicare beneficiaries.
Molina Healthcare’s plans have also gone through the same evaluation process. CMS considers Molina Healthcare of New Mexico to be the highest-rated Medicare plan in the state and has accredited it with a 4-star rating. Molina Healthcare of Florida saw its score being raised from 3 to 3.5 stars. CMS rated Molina Healthcare of Michigan as the highest Medicare Dual-eligible Special Needs Plan (D-SNP) in the state with 3.5 stars. Other Molina health plans to have retained their 3.5 Medicare star rating include those in Texas, Utah and Washington.
The improved ratings reflects Molina Healthcare’s commitment to the quality of healthcare as it continues to expand its Medicare business. The company has been serving a Medicare patient population with the most complex health care needs for roughly 10 years. The company also strives to provide high-quality care to its ageing members.
Some better-ranked medical sector stocks that warrant a look include Magellan Health Inc. ,WellCare Health Plans Inc. and UnitedHealth Group Inc. (UNH - Free Report)
WellCare holds a Zacks Rank #2 (Buy). The company delivered positive surprise in the last four quarters with an average beat of 40.01%
UnitedHealth also carries a Zacks Rank #2. The company delivered positive surprises in all the last four quarters with an average beat of 3.86%.
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Molina Helathcare's (MOH) 2017 Star Quality Ratings Raised
Molina Healthcare Inc. (MOH - Free Report) recently declared the scores of all its eligible health plans have either been raised or have remained unchanged in terms of the 2017 Star Ratings by Centers for Medicare & Medicaid Services (“CMS”). The company believes that its premium quality and efficiency supported the ratings.
Molina Healthcare, known for its customized healthcare solutions, presently offers Medicare products to nearly 100,000 members in a total of 12 states across the nation. The company also boasts a substantial member base in its Medicare-Medicaid Plan (MMP). The company has established is the 11th largest Medicare D-SNP health plan as of Nov, 2016.
Molina Healthcare’s health plans are consistently accredited and rated by famous rating organizations. We note that the shares of the company lost 10.7%, whereas the Zacks categorized Health Maintenance Organization industry that has gained 21.14%. Nonetheless, the impressive star ratings are likely to result in share price appreciation in the near future.
Coming back to the aforesaid ratings, CMS publishes its Star Ratings on the basis of parameters like outcomes, intermediate outcomes, patient experience, access and process that help to evaluate the quality of care and general health status of a company’s Medicare beneficiaries.
Molina Healthcare’s plans have also gone through the same evaluation process. CMS considers Molina Healthcare of New Mexico to be the highest-rated Medicare plan in the state and has accredited it with a 4-star rating. Molina Healthcare of Florida saw its score being raised from 3 to 3.5 stars. CMS rated Molina Healthcare of Michigan as the highest Medicare Dual-eligible Special Needs Plan (D-SNP) in the state with 3.5 stars. Other Molina health plans to have retained their 3.5 Medicare star rating include those in Texas, Utah and Washington.
The improved ratings reflects Molina Healthcare’s commitment to the quality of healthcare as it continues to expand its Medicare business. The company has been serving a Medicare patient population with the most complex health care needs for roughly 10 years. The company also strives to provide high-quality care to its ageing members.
Zacks Rank and Stocks to Consider:
Molina Healthcare presently carries Zacks Rank #3 (Hold).
Some better-ranked medical sector stocks that warrant a look include Magellan Health Inc. ,WellCare Health Plans Inc. and UnitedHealth Group Inc. (UNH - Free Report)
Magellan delivered positive surprise in three of the last four quarters with an average beat of 42.58%. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
WellCare holds a Zacks Rank #2 (Buy). The company delivered positive surprise in the last four quarters with an average beat of 40.01%
UnitedHealth also carries a Zacks Rank #2. The company delivered positive surprises in all the last four quarters with an average beat of 3.86%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>