Production seems to have decline tremendously in many departments. What's the catch?
10 replies (most recent on top)
I agree we werent listed in call but he did state that our numbers being off was bc MCD shift. Ohio has been consistently named in a lot of the earnings calls and from what I hear Ohio is expanding with D-SNP rollout/expansion. I know Ohio has a few bigger named players submitting for RFP but there are alot of I guess for lack of better business terms - no namers bidding as well. Ohio ODM wants companies who can affordbto cater and "enrich" members lives. I dont know why but I feel like besides Buckeye, Caresource, and Molina - the big name companies havent a clue one when it comes to the needy as they are predominantly in LOB for middle class on up working Americans. I would think that would make ODM nervous taking out any of the 3 companies who specialize soley in what the RFP is for. Thoughts? I do agree with you as well about the denial rates...ridiculous denial rate.
Personally I feel like that is something that Molina needs to put in the forefront of things to fix. Gotta have happy providers.
And JZ did not list Ohio as his money maker in his last finance call. It did not make his top 3.
Molina is also is number 5 in Ohio with very unhappy providers due to our denial rate.... if you care to read. Cleveland being number one with that.
Not necessary accurate “on broken wing company” being a sole reason companies buy other firms. This is one reasons however others are synergies between the firms, desiring to get into a market, expand their capabilities, secure technology and staff are reasons firms by other firms. CVS buying Aetna is an example. DXC purchased MMS at a premium for technology, knowing MMS beat them in recent procurements due to strategies, staff such as the leadership, and expanding footprint is another example.
Yes Molina Ohio will be selected for MCD contract. Jesus ppl stop listening to others unless hard evidence is posted. Molina Ohio four one is one of the top money makers for Molina. Ending March 2019 Molina Ohio revenue 590 MILLION dollars after medical care costs and medicaid shift - walked away with 53 Million..ranking Ohio 3rd out of all plans. Texas..freaking Texas only beat Ohio by about 13 million. Ohio demonstrated the plan - Ohio has gone from rookie player to seasoned vet in Ohio and are looking to expand into more counties.
As for sale rumors..look if everyone is saying Molina shares are "inflated grossly" then what company in their right mind would buy Molina...even just for members. Thats like you going out and looking at a new car that stickers for $25k and them trying to sell it to you for 80k. It doesnt work like that. Companies that look to buy or take over a company, even hostile, are looking for broken wing companies. Meaning are just looking for that company flopping around on the ground either waiting to be somewhat saved or taken out. I see biopharma amd tech companies whobshare prices have hit .15, .40 cents pee share get bought out. Think about it..these were once companies trading at $100 plus per share some years back and now they are priced at a value, buying a cpmpany at an over inflated price is not a value. For now Molinas numbers are backing up the price but as long as we do better theu will always be thinking "we can still get more from someone else".
Yes, August is going to be a smack in the face, that’s for sure..
Or Ohio will not be selected to process Medicaid in Ohio!
What happens in August? Are we finally going to find out who is acquiring us?
What's happening in August? Another wave of layoffs?
Not in every department... good luck!
Wait till you see what happens to Molina in August