Business Context and Reporting Period
This Form 8-K is a current report filed by Molina Healthcare, Inc. on November 3, 2005, pursuant to Regulation FD. The filing serves to correct a previously disclosed membership figure for the company's Indiana operations as of September 30, 2005.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. It focuses exclusively on membership counts:
- Total Membership (All Plans): 904,000 members as of September 30, 2005.
- Indiana Membership (Corrected): Approximately 21,000 members as of September 30, 2005.
- Indiana Membership Growth (Q3 2005): Approximately 13,000 members.
Material Changes Versus Prior Period
The primary material change disclosed is a correction of a prior statement. Molina Healthcare previously reported Indiana membership as approximately 24,000 members. This filing clarifies that the correct figure is approximately 21,000 members, representing a downward revision of 3,000 members from the earlier disclosure.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the correction of the membership data. No unusual items were reported.
Key Facts for Investor Verification
- Verify the corrected Indiana membership count of 21,000 versus the previously stated 24,000.
- Confirm the total system-wide membership of 904,000 as of the end of the third quarter.
- Note that the Indiana market contributed 13,000 new members during the third quarter of 2005.