Health Net Federal Services, LLC, a wholly owned subsidiary of Health Net, Inc. (NYSE:HNT), announced today it has been awarded full reaccreditation under the Health Network standards from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry.

“Health Net’s compliance with URAC’s rigorous health care standards demonstrates the integrity, transparency and accountability of our business practices and our commitment to serve the military community with quality health care,” said Thomas Carrato, president of Health Net Federal Services.

Health Net’s URAC reaccreditation is effective July 2, 2014 to July 2, 2016.

“Health Net Federal Services should be commended for meeting strict quality standards,” said URAC president and CEO Kylanne Green. “It is critically important for health care organizations to make a commitment to quality and accountability. URAC accreditation is a demonstration of that commitment.”

URAC is an independent, nonprofit health care accrediting organization dedicated to promoting health care quality through accreditation, education and measurement. URAC’s mission is to promote continuous improvement in the quality and efficiency of health care management through processes of accreditation, education and measurement. For more information, visit www.urac.org.

Health Net Federal Services has a long history of providing cost-effective, quality managed health care programs for government agencies, including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to approximately 2.8 million uniformed services beneficiaries, active and retired, and their families. In addition, Health Net provides high quality, cost-effective health care solutions for veterans, as well as behavioral health services for active duty service members, veterans and their families.

Additionally, Health Net Federal Services administers the Department of Veterans Affairs’ new Patient-Centered Community Care (PCCC) program in three of six regions across the United States (regions 1, 2 and 4), which includes all or portions of 37 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The PCCC program provides eligible veterans access to health care through a comprehensive network of community-based, non-VA medical professionals who meet VA quality standards when VA supplements care outside its own facilities. The program augments the VA’s ability to provide specialty inpatient and outpatient health care services, as well as behavioral health care, limited emergency care and newborn care services to enrolled veterans. Visit www.hnfs.com for more information.

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 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 also offers behavioral health, substance abuse and employee assistance programs, managed health care products related to prescription drugs, 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.

This release contains links to other sites that are not owned or controlled by Health Net. Please be aware that Health Net is not responsible for the contents linked or referred to from this release. Links to other websites are provided for the user’s convenience. Health Net does not express an opinion on the content or the properties of such linked websites and disclaims any liability in connection therewith.

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