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Health Net of California Names Mark Morgan Marketing and Product Development Officer

Posted on: Thursday, 21 July 2005, 09:01 CDT

Mark Morgan today was named Marketing and Product Development Officer for Health Net of California, one of the state's largest health plans.

"This is a 'welcome home' of sorts," said Stephen Lynch, president of Health Net of California. "Mark started his health plan career here at Health Net, and we are delighted to welcome him back. We look forward to his expertise in strengthening our marketing and product development initiatives."

In his new capacity, Morgan will be responsible for developing overall strategies to continue enhancing marketing and product development initiatives and support efforts to grow membership across all product lines, including commercial, Medicare, Medi-Cal and Salud con Health Net, Health Net's plan that provides access to affordable, culturally competent care primarily for Latinos.

Previously, Morgan was vice president of Sales for Blue Shield of California. Prior to that, he spent 11 years at Health Net, rising from the Accounting department, to Labor and Trust Sales, to Individual & Family Plans Sales, and eventually to vice president of Sales, focused on small businesses.

Morgan received a bachelor's degree in finance from California State University, Northridge and a master's degree in business administration from Pepperdine University.

Health Net of California, a subsidiary of Health Net, Inc. (NYSE:HNT), is one of the largest health plans in California, serving more than 2.3 million statewide. It contracts with more than 50,000 physicians, 300 hospitals and 4,600 pharmacies, giving its members greater choice and more convenient access to care. Its commercial lines of business have received "Excellent" accreditation status and its Medicare lines of business have received the "Commendable" accreditation status from the National Committee for Quality Assurance. For more information about Health Net, visit its Web site at www.healthnet.com.

Certain matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. These statements are based on management's analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, the words "believes,""anticipates,""plans,""expects,""may,""should,""could,""estimate,""intend" and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, rising health care costs, trends in medical care ratios, operational issues, health care reform and general business 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 the company's most recent Annual Report on Form 10-K filed with the SEC and the risks discussed in the company's other periodic filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this release.

Source: Business Wire

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