Healthcare service company Molina Healthcare Inc (NYSE:MOH) disclosed on Monday its net income of USD737m (USD11.47 per diluted share) for the year ended 31 December 2019.
This marks a growth when compared with net income of USD707m (USD10.61 per diluted share) for the year ended 31 December 2018.
Total revenues of USD16.83bn were generated in 2019, down over total revenues of USD18.8bn in 2018.
For the full year 2020, the company expects GAAP earnings per diluted share in the range of USD11.20 - USD11.70, as well as premium revenue growth of 7.4%. The guidance reflects the reintroduction of the Health Insurer Fee in 2020 with an impact of approximately USD0.30 per diluted share as well as currently exercising its protest rights on the new STAR+PLUS RFP award.
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Molina Healthcare reports increased net income of USD737m for 2019