HMO profits up, but at a much slower rate

Although the rate of increase in HMO profits was much less in 2004 than in 2003, plans continued to see good earnings, according to a study by Weiss Ratings. Overall, the HMOs' profits increased 10.7 percent in 2004, according to data collected from 515 managed care organizations. Weiss points out that this follows a very impressive increase in 2003 of more than 80 percent.

"Earnings growth has leveled off now that premium increases have peaked and insurers are more financially stable," says Melissa Gannon, Weiss vice president.

These plans had increases of more than 100%

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HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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