Confirming its commitment to serving the underserved, Molina Healthcare, Inc. (NYSE:MOH) received the Initiative for a Competitive Inner City's (ICIC) Inner City Business Innovation Award for being the first Inner City 100 company to be publicly traded. On three separate occasions, Molina Healthcare has been recognized by ICIC as an Inner City award winner.
ICIC is a national not-for-profit organization founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC's mission is to build healthy economies in America's inner cities that create jobs, income and wealth for local residents. The Inner City Business Innovation Award was instituted to showcase emergent business models that work at scale and reinforce the message that inner cities are dynamic and competitive communities.
The award was presented to J. Mario Molina, M.D., president and chief executive officer of Molina Healthcare, Inc. at the Inner City Economic Forum's Second Annual Summit, held last week at the Waldorf-Astoria in New York City.
"We are extremely honored to receive this recognition," said Dr. Molina. "We are committed to providing innovative solutions to delivering quality healthcare to our members, and this award reinforces that commitment."
About Molina Healthcare
Molina Healthcare, Inc. is a growing, multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid and other programs for low-income families and individuals. The Company currently operates health plans in California, Washington, Michigan, Utah and New Mexico. More information on Molina Healthcare can be obtained at www.molinahealthcare.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are predictions by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include the Company's third-party contracts, the Company's ability to accurately predict and effectively manage health benefits and other operating expenses, competition, changes in healthcare practices, changes in federal or state laws or regulations or the interpretation thereof, reduction in provider payments by governmental payors, disasters, numerous other factors affecting the delivery and cost of healthcare and other risks as detailed from time-to-time in the Company's reports and filings with the Securities and Exchange Commission. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements.