Health Net

Making health care work for you is who we are and what we do at Health Net. The “you” is everyone we interact with including our members, customers, providers, brokers, consultants, our community and each other. We do things a little differently here. More than just an expert in HMO benefits, we design and deliver the full spectrum of benefits and services essential to whole health. Helping people make the most of their health with health plans that are relevant, local and affordable is what we’re all about.

We leverage our longstanding presence in the Western U.S. and work collaboratively with our business partners to champion solutions that meet the needs of our customers today – and continue providing value in the future. What’s more, Health Net, Inc. is one of the nation’s largest publicly traded managed health care companies. We provide health benefits to approximately six million individuals through local health plans and government-sponsored managed care plans. A Fortune 500 company, Health Net has the strength and stability to turn vision into reality. Built to last. That’s Health Net.

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Employee Rating

3.5More
TypeSubsidiary
Parent CompanyCentene
HQLos Angeles, CA, US
Websitehealthnet.com
Cybersecurity ratingBMore
Health Net is headquartered in Los Angeles, CA, US

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Key People/Management at Health Net

Brian Ternan

Brian Ternan

Chief Executive Officer and Plan President
Jennifer (Jenn) Moore

Jennifer (Jenn) Moore

Commercial Officer
Martha Santana-Chin

Martha Santana-Chin

Medi-Cal President
Kerri Balbone

Kerri Balbone

Chief Operating Officer
Garrett Leaf

Garrett Leaf

Plan Chief Financial Officer
Alex Y. Chen

Alex Y. Chen

Chief Medical Officer
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Health Net Office Locations

Health Net has an office in Los Angeles
Los Angeles, CA, US (HQ)
Van Nuys
Los Angeles, CA, US
21281 Burbank Blvd, Woodland Hills
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Health Net Financials and Metrics

Health Net Revenue

Health Net's revenue was reported to be $16.24 b in FY, 2015 which is a 16% increase from the previous period.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

3.3b11.9b11.3b11.1b14.0b16.2b

Revenue growth, %

27%16%

Cost of goods sold

3.2b1.2b605.1m

Gross profit

176.3m10.7b10.7b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Revenue

851.9m860.7m875.1m2.8b2.8b2.8b2.7b2.8b3.0b3.4b3.8b3.9b4.2b4.2b

Cost of goods sold

811.4m814.4m822.2m162.3m153.4m151.8m127.4m125.3m132.0m133.2m124.4m142.5m137.3m

Gross profit

40.6m46.3m53.0m2.7b2.7b2.6b2.6b2.6b2.9b3.3b3.7b3.7b4.0b

Gross profit Margin, %

5%5%6%94%95%95%95%95%96%96%97%96%97%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Cash

350.1m230.3m340.1m433.2m869.1m996.9m

Accounts Receivable

136.3m225.0m113.9m68.9m424.9m467.5m

Prepaid Expenses

182.3m117.9m130.8m

Current Assets

3.2b2.7b3.0b2.9b4.5b5.3b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Net Income

204.2m72.1m122.1m170.1m145.6m185.7m

Depreciation and Amortization

34.8m32.2m31.1m

Accounts Payable

19.1m3.3m70.0m(42.9m)517.7m939.0m

Cash From Operating Activities

271.4m103.4m32.5m95.8m776.0m431.1m
USDQ2, 2010

Financial Leverage

2.5 x
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Health Net Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Health Net Online and Social Media Presence

Embed Graph

Health Net Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    30/100

  • Compensation

    C

    67/100

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Health Net News and Updates

D'Amore Healthcare Is In-Network with Health Net MHN

HUNTINGTON BEACH, Calif., Sept. 2, 2021 /PRNewswire/ -- D'Amore Healthcare is proud to be in-network with MHN, a Health Net Company. MHN is a subsidiary of Health Net that specializes in behavioral and mental health services for its members. They deliver clinically-based solutions to...

PRIVACY ALERT: Health Net of California, Inc. and Affiliated Companies Under Investigation for Data Breach Impacting More Than 1.3 Million Members

SAN FRANCISCO, April 26, 2021 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating a data breach potentially impacting the confidential health information of more than 1.3 million individuals who obtained health insurance or other products or services from Health Net of...

Cigna, Geisinger and Health Net Recognized by National Alliance of Healthcare Purchaser Coalitions with 2019 eValue8 Innovation Award

WASHINGTON – Nov. 20, 2019 – The National Alliance of Healthcare Purchaser Coalitions, a nonprofit organization of purchaser-led business and health coalitions, honored Cigna, Geisinger Health System and Health Net, LLC with its 2019 eValue8™ Innovation Award.read more

Consumer Watchdog: Deadline Approaching for Current and Former Health Net Members in California To Submit Claims for Out-of-Network Medical Visits in 2014

LOS ANGELES, June 19, 2018 /PRNewswire-USNewswire/ -- Consumers who were enrolled in an individual or family Health Net Preferred Provider Organization ("PPO") health plan in 2014, and received out-of-network care from a doctor, may be entitled to a payment under a proposed class action...

Feds blast Health Net for refusing to comply with vulnerability testing

While the insurer complied with the initial rounds of audits, Office of Personnel Management officials said it soon became clear Health Net didn’t intend to fully comply.

Health Net Blogs

Photo of Health Net’s Carol Kim Speaking at the California Primary Care Association’s Annual Conference is Available on Business Wire's Website and the Associated Press Photo Network

(BUSINESS WIRE)--A photo is available on Business Wire's website and the Associated Press Photo Network of Health Net’s Carol Kim, VP of Community Investments & Government Affairs and Public Affairs, speaking at a panel of the California Primary Care Association’s annual conference. Kim discusse…

Health Net Assisting Members in California During State of Emergency

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--In response to Gov. Gavin Newsom’s declared California-wide state of emergency, Health Net, LLC is providing special assistance to ensure Health Net members affected by ongoing wi…

Health Net Assisting Members in the Counties of Los Angeles and Sonoma During State of Emergency

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--In response to Gov. Gavin Newsom’s declared state of emergency in the counties of Los Angeles and Sonoma, Health Net, LLC is providing special assistance to ensure Health Net memb…

Available on Business Wire’s Website and the Associated Press Photo Network: Health Net Recognized as Diversity Champion by the National Association of Asian Pacifics in Politics and Public Affairs

(BUSINESS WIRE)--In October, Carol Kim, Health Net VP Community Investments & Government Affairs and Public Affairs, accepted the Diversity Champion Award on behalf of Health Net at the National Association of Asian Pacifics in Politics and Public Affairs annual career conference. She is joined …

Health Net Assisting Members in Los Angeles and Riverside Counties During State of Emergency

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--In response to Gov. Gavin Newsom’s declared states of emergency in Los Angeles and Riverside Counties, Health Net, LLC is providing special assistance to ensure Health Net members…

Pharmacy Creditability – Employer Required Notice to Employees

Health Net is mailing an important reminder to employer groups about a CMS notice they must provide their employees by October 15, 2019: Pharmacy plan creditable coverage.   Employers must send this notice to their employees in the coming weeks, if … Continue reading this →
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Health Net Frequently Asked Questions

  • Who are Health Net key executives?

    Health Net's key executives are Brian Ternan, Jennifer (Jenn) Moore and Martha Santana-Chin.

  • How many employees does Health Net have?

    Health Net has 5,542 employees.

  • What is Health Net revenue?

    Latest Health Net annual revenue is $16.2 b.

  • What is Health Net revenue per employee?

    Latest Health Net revenue per employee is $2.9 m.

  • Who are Health Net competitors?

    Competitors of Health Net include UnitedHealth Group, Aetna and Anthem.

  • Where is Health Net headquarters?

    Health Net headquarters is located at Van Nuys, Los Angeles.

  • Where are Health Net offices?

    Health Net has an office in Los Angeles.

  • How many offices does Health Net have?

    Health Net has 2 offices.