CALIFORNIA HMOs: Top Fortune’s Most Admired List
Three of the top five health care companies on Fortune magazine's most admired companies list are California HMOs. Woodland Hills-based WellPoint Health Networks ranked first, garnering top scores for its management quality and financial soundness. Santa Barbara-based Tenet Healthcare came in third and PacifiCare Health Systems fourth. United HealthCare, based in Minnesota, came in second, but gained a higher "financial soundness" score than WellPoint. Illinois-based Allegiance came in at number five (3/1 issue). PacifiCare CEO Alan Hoops said his company's ranking was reflective of the HMO's "focus on quality, experienced management team" and "strong financial performance" (PacifiCare release, 3/3).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.