Molina Healthcare saw a stunning turnaround last year. Can the growth continue?
January 10, 2019 / Tina Reed
Has Molina Healthcare’s new leadership team been so successful in their company turnaround that they’ve run out of places to grow? Not even close, CEO Joseph Zubretsky said during a presentation at the J.P. Morgan Healthcare Conference this week. It has been the foremost question facing the company since staging a significant financial comeback over the last year by “harvesting” a number of savings and growth opportunities that took Molina from a net loss of $512 million at the end of 2017 to a net income of $197 million in its third quarter of 2018. “In our view, this has been a pretty successful start to a two- to three-year turnaround story,” Zubretsky said. “Yes, there is more.”