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Molina's quarterly medical cost ratio, the percentage of premiums paid out for medical services, was 88.5%, above LSEG estimates of 88.2%. Molina Healthcare beats profit estimates aided by higher ...
Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. [4] He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal.
The health insurer's revenue and earnings declined year over year, but the company upped its full-year outlook after posting better-than-expected Q2 results.
Molina Healthcare's (MOH) second-quarter results are likely to reflect benefits from higher premiums stemming from Medicaid and Medicare businesses, partly offset by elevated medical care costs.
Molina Healthcare's (MOH) third-quarter results reflect an expanding customer base within its Medicare and Medicaid businesses. Management hikes 2022 adjusted EPS guidance to a minimum of $17.75.
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Molina (MOH) delivered earnings and revenue surprises of 1.92% and -1.74%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?