Molina Healthcare Awarded New Florida Medicaid Contract, Expects To Serve ~90,000 Medicaid Beneficiaries
Portfolio Pulse from Benzinga Newsdesk
Molina Healthcare has been awarded a new Medicaid managed care contract by the Florida Agency for Healthcare Administration. The contract will allow Molina to serve approximately 90,000 Medicaid beneficiaries in Miami-Dade and Monroe Counties starting January 1, 2025, through December 31, 2030.
July 19, 2024 | 1:02 pm
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Molina Healthcare has secured a new Medicaid managed care contract in Florida, expected to serve 90,000 beneficiaries starting January 2025. This contract could significantly boost Molina's revenue and market presence in the region.
The new Medicaid contract awarded to Molina Healthcare is a significant development, as it will expand the company's service base by approximately 90,000 beneficiaries. This is likely to result in increased revenue and market share in Florida, positively impacting the stock price in the short term.
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