Molina's operating loss balloons to $269M in Q4: 5 things to know

1. Molina's operating loss widened to $269 million in the fourth quarter of 2017, compared to an operating loss of $6 million in the same period a year prior
2. Joe Zubretsky, president and CEO of Molina, said the results "are emblematic of the significant transition Molina is undertaking.
3. Molina also said the federal government's decision to cut cost-sharing reduction payments in October set the company back $73 million in the fourth quarter.
4. Molina saw revenue grow 9.1 percent in the three months ended Dec. 31 to $4.9 billion, compared to $4.5 billion reported in the same period a year prior
5. Molina ended the fourth quarter of 2017 with a net loss of $262 million, compared to a net loss of $47 million reported in the fourth quarter of 2016

Source: Becker’s Hospital Review
Source URL: https://www.beckershospitalreview.com/payer-issues/molina-s-...

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