Aetna Better HealthSM of Kansas, a subsidiary of Aetna Inc. (AET - Free Report) has been awarded a Medicaid managed care contract by the state itself. The effective date would be Jan 1, 2019.
Per the contract, Aetna Better Health of Kansas would be offering Medicaid benefits to statewide enrollees in the KanCare Medicaid managed care program. KanCare caters to parents, pregnant women and children as well as individuals with intellectual or developmental or physical disabilities and patients aged above 65 with a comprehensive benefit package, which includes long-term services plus support and behavioral health care.
Aetna is expecting to provide better healthcare solutions to the state’s most vulnerable population through this collaboration with the State of Kansas. The company shows confidence in providing improved health status and better access to coordinated care and prevention with this active partnership. It also previously forged alliances with healthcare providers and community leaders in order to serve members with better health care experience.
This contract will increase the company’s Medicaid membership, which was 1.8 million as of Mar 31, 2018, down 23% year over year due to certain Medicaid contract terminations.
Given its more than 30 years’ experience in providing the most vulnerable markets with unique approaches and local presence in the market, Aetna Medicaid Administrators LLC excels in catering to high-need Medicaid members.
The State of Kansas recently awarded Medicaid contracts to United HealthCare (UNH - Free Report) as well.
Molina Healthcare, Inc. (MOH - Free Report) also announced that its wholly owned unit, Molina Healthcare of Florida, Inc., has been approved Medicaid Managed Care contracts by the Florida Agency for Health Care Administration in Regions 8 and 11 of the Florida Statewide Medicaid Managed Care Invitation to Negotiate.
Shares of this Zacks Rank #3 (Hold) company have rallied 26.27%, underperforming its industry’s surge of 33.29% in the past year.
A Stock to Consider
A better-ranked company in the Medical-HMO industry is WellCare Health Plans, Inc. (WCG - Free Report) . The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
WellCare offers managed care services for government-sponsored health care programs. The company managed to come up with an average four-quarter positive surprise of 51.70%.
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