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Health Net Inc. Names Janine Eggers VP of Medical Affairs

Wednesday, May 9, 2001 5:08 am PDT

Dateline:

LOS ANGELES
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Public Company Information:

NYSE:
HNT
"Her 25 years of health care experience, in both administration and operations, will serve Health Net well as we develop and implement a national medical management program. This program focuses on enhancing quality, improving outcomes and keeping benefits affordable for our members and employers."

LOS ANGELES--(BUSINESS WIRE)--Health Net Inc. (NYSE:HNT) today announced that Janine Sawaya Eggers recently joined the company as vice president of Medical Affairs Operations.

In this role, Eggers will be responsible for identifying "best practices" that improve quality and outcome measurements. She will also oversee the integration and implementation of a national medical management program for all Health Net health plans.

Eggers, 50, reports to Timothy Moore, M.D., senior vice president and chief medical officer of Health Net Inc.

"We are pleased that Janine has joined Health Net Inc.," said Moore. "Her 25 years of health care experience, in both administration and operations, will serve Health Net well as we develop and implement a national medical management program. This program focuses on enhancing quality, improving outcomes and keeping benefits affordable for our members and employers."

Prior to joining Health Net, Eggers served four years with Humana Inc. in several executive and management positions. Recently, she served as chief executive officer of Humana's National Hospitalist Company, where she directed inpatient care for Humana members. She also served as director of Operations for Humana's Corporate Medical Affairs Division, where she developed the infrastructure to coordinate and monitor the division's medical management initiatives.

From 1995 to 1997, Eggers worked for Sierra Health Services, a managed health-care company in Las Vegas. There, Eggers served as director of Operations for the company's Southwest Medical Association. Prior to this, Eggers worked at Sunrise Hospital in Las Vegas, serving as associate executive director of Administration for three years and associate executive director of Nursing Services for six years.

Eggers, a registered nurse, received her master's in health administration and bachelor of science degree in health sciences from the College of St. Francis, Las Vegas.

In 1988, Eggers received the "Search for Excellence" award from the American Nurses Association. She is past chairperson of the Nevada Commission for Nursing and past president of the Nevada Organization of Nurse Executives.

Health Net Inc., formerly known as Foundation Health Systems Inc., is one of the nation's largest publicly traded managed health- care companies. Its mission is to enhance quality of life for its customers by offering products distinguished by their quality, service and affordability.

The company's HMO, insured PPO and government contracts subsidiaries provide health benefits to approximately 5.5 million individuals in 16 states through group, individual, Medicare, Medicaid and TRICARE programs.

Health Net Inc. subsidiaries also offer managed health-care products related to behavioral health, dental, vision and prescription drugs, and offer managed health-care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Health Net, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

Contact:

Health Net Inc., Woodland Hills
Lisa Haines, 818/676-7912 (Media)
lisa.j.haines@health.net
David Olson, 818/676-6978 (Investors)
david.w.olson@health.net