After the success of the palliative care program in Arizona, Health Net, Inc. HNT now seeks to strengthen its operations in this specialized care with the introduction of a number of palliative care programs in California and Oregon.
Health Net, in association with Light Bridge Hospice and Palliative Care, and Rady’s Children’s Hospital, has launched programs in San Diego County. The palliative care program in Orange County has been launched in collaboration with Care Choices Hospice and Palliative Care Services. As for the programs in Oregon, Health Net has allied with Compass Oncology, and Hospice and Palliative Care Partners.
According to World Health Organization, palliative care “is an approach that improves the quality of life of patients and their families facing the problem associated with life-threatening illness, through the prevention and relief of suffering by means of early identification and impeccable assessment and treatment of pain and other problems, physical, psychosocial and spiritual.” Thus, it goes without saying that this approach is quite indispensable. This, in fact, is the primary reason that has made the Arizona Palliative Home Care so successful. This program benefited patients by lowering emergency room visits and their stay in the hospital.
This prompted Health Net to expand this specialized care program to other regions as well and hence the latest program expansion. Going ahead, such programs are not only expected to boost revenues of Health Net but also enhance its brand value in the health maintenance organization (HMO) space.
Health Net holds a Zacks Rank #2 (Buy). Investors interested in the HMO industry may also consider stocks like Aetna Inc. AET, Anthem, Inc. ANTM and Centene Corp. CNC. All three have the same Zacks Rank as Health Net.
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