Health Net Federal Services, LLC, a wholly-owned subsidiary of Health Net, Inc. (NYSE:HNT) that operates within its Government Contracts segment, today announced its continued partnership with Penn State Milton S. Hershey Medical Center and Penn State College of Medicine and the American Red Cross, through its Service to the Armed Forces program, to promote the second of four symposiums entitled, “Meeting the Needs of Returning Military Service Members,” for primary care physicians and behavioral health professionals in the TRICARE North Region. “At Health Net Federal Services, we are focused on the health and well-being of our Veterans, active duty service members and their families. Growing numbers of troops returning from deployments in a combat zone are experiencing the invisible wounds of war, such as post-traumatic stress disorder and traumatic brain injury,” said Thomas Carrato, president, Health Net Federal Services. “These symposiums provide a key opportunity for physicians and behavioral health professionals to respond with improved understanding, assessment and treatment of these wounds, which have a direct impact on the resiliency and well-being of our military service members and their families.” Topics that are scheduled to be discussed at the symposium include post-traumatic stress disorder (PTSD) assessment tools and list factors that impact screening among military personnel; emerging technologies that support psychological health and brain injury recovery in the military community; mechanisms of injury and Department of Defense diagnostic criteria for mild, moderate, severe and penetrating traumatic brain injury (TBI); clinical practice guidelines for the management of mild TBI in non-deployed settings; contrasting the components of a differential diagnosis of TBI and/or PTSD; and understanding challenges faced by returning service members and program benefits available to them. The symposium is scheduled to be conducted by leaders from the Center for Deployment Psychology at the Uniformed Services University, the National Center for Telehealth and Technology, and the Defense and Veterans Brain Injury Center. Penn State College of Medicine is accredited by the Accreditation Council of Continuing Medical Education to provide continuing medical education for physicians and behavioral health professionals. This symposium has been designated for 6.75 continuing medical education (CME) hours.
The full-day symposium is expected to be held Oct. 6, 2012 at the American Red Cross, 520 West 49th Street in New York City. Interested health care professionals can register online, by fax or by mail. Registration details can be found at: www.pennstatehershey.org/ce.Two additional symposiums are scheduled in 2012 in Dayton, Ohio, and Chicago, Ill. The TRICARE North Region includes Connecticut, Delaware, Illinois, Indiana, Kentucky (except Fort Campbell), Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin and the District of Columbia. In addition, the TRICARE North Region covers a small portion of Missouri and Iowa. About Health Net Health Net, Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. Health Net, through its subsidiaries, provides and administers health benefits to approximately 5.5 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, U.S. Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 4.8 million individuals, including Health Net’s own health plan members. Health Net’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs. For more information on Health Net, Inc., please visit Health Net’s website at www.healthnet.com. Cautionary Statements Health Net, Inc. and its representatives may from time to time make written and oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act (“PSLRA”) of 1995, including statements in this and other press releases, in presentations, filings with the Securities and Exchange Commission (“SEC”), reports to stockholders and in meetings with investors and analysts. All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are intended to be covered by the safe harbor for “forward-looking statements” provided by PSLRA. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to changes in circumstances and a number of risks and uncertainties. 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Actual results could differ materially from those expressed in, or implied or projected by the forward-looking information and statements due to, among other things, health care reform and other increased government participation in and regulation of health benefits and managed care operations, including the ultimate impact of the Affordable Care Act, which could materially adversely affect Health Net’s financial condition, results of operations and cash flows through, among other things, reduced revenues, new taxes, expanded liability, and increased costs (including medical, administrative, technology or other costs), or require changes to the ways in which Health Net does business; rising health care costs; continued slow economic growth or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; membership declines; unexpected utilization patterns or unexpectedly severe or widespread illnesses; rate cuts and other risks and uncertainties affecting Health Net’s Medicare or Medicaid businesses; Health Net’s ability to successfully participate in the dual-eligibles pilot programs; litigation costs; regulatory issues with federal and state agencies including, but not limited to, the California Department of Managed Health Care, the Centers for Medicare & Medicaid Services, the Office of Civil Rights of the U.S. Department of Health and Human Services and state departments of insurance; operational issues; failure to effectively oversee our third-party vendors; noncompliance by Health Net or Health Net’s business associates with any privacy laws or any security breach involving the misappropriation, loss or other unauthorized use or disclosure of confidential information; liabilities incurred in connection with Health Net’s divested operations; impairment of Health Net’s goodwill or other intangible assets; investment portfolio impairment charges; volatility in the financial markets; and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included within Health Net’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, and the risks discussed in Health Net’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as may be required by law, Health Net undertakes no obligation to address or publicly update any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.
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