BNET Industries

Metropolitan Health Networks Inc.

(MDF) is in the Health Care Industry

Market Cap:$83.4M
Last Fiscal Year Sales:$317.2M
  • Public
  • US
Dow Jones Description

Metropolitan provides healthcare benefits to approximately 26,700 Medicare Advantage members in Central and South Florida under risk contracts with Humana, Inc., the second largest participant in this Medicare program (Humana). Metropolitan entered into this business in 1999, operating a PSN, also known as a Managed Service Organization (MSO). Metropolitans PSN currently includes thirty-nine (39) primary care physician practices. Metropolitan owns nine of these practices; the balance are independently owned and operated under capitation contracts with Metropolitan. In addition to the primary care practices, the PSN contracts with specialists, ancillary service providers, and hospitals. Metropolitan also owns and operates an oncology practice, which is part of the network. Under its full risk agreements with Humana, Metropolitan receives monthly payments per patient at a rate established by the agreements in return for its services, also called a capitated fee. The capitated fee is a majority percentage of the monthly premiums received by Humana from CMS.

Chairman and Chief Executive Officer
Michael M Earley
Contact Information

250 Australian Ave S Ste 400

West Palm Beach

(561) 805-8500

NAICS Code Offices of Physicians (except Mental Health Specialists): 621111

Recent Events

  • Metropolitan Health Q3 income falls 44%

    11/05/09 - Financial Announcement - View Story

News & Analysis

metropolitan health networks inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Debra A Finnel President, Chief Operating Officer and Director
David S Gartner Chief Financial Officer
Robert Portman Director

Board of Directors

Name (plus bio) Position
Michael M Earley Chairman and Chief Executive Officer
Eric Haskell Board of Directors

Organization Position Status
Metropolitan Health Networks, Inc. Chairman and Chief Executive Officer Current

Organization Position Status
Metropolitan Health Networks, Inc. President, Chief Operating Officer and Director Current
Advantagecare President & Chief Operating Officer Former
Florida Office of Insurance Regulation Former
Intermountain Power Agency Former

Organization Position Status
Metropolitan Health Networks, Inc. Chief Financial Officer Current

Organization Position Status
SunCom Wireless Holdings, Inc. CFO & Executive Vice President Current
Suncom Unlimited Executive Vice President and Chief Financial Officer Current
Metcare Health Plans, Inc X Chair Current
Indus International, Inc. Board of Directors Current
American Bank Director Current
Metropolitan Health Networks, Inc. Board of Directors Current
American Bank Note Holographics, Inc. Board of Directors Current
Ernst & Ernst Manager Former
Emoney Advisor, Inc. Former
Adelphi University Bachelors Degree in Business Administration Former

DR. ROBERT PORTMAN , age 64, currently serves as our non-executive Chairman of the Board of Directors. Since August 1, 2008, Dr. Portman has been Managing Principal of Signal Nutrition, a research and development company. He served as our Chief Executive Officer and Chief Scientific Officer from June 2005 through July 2008 and Chairman of the Board of Directors and Chief Scientific Officer since September 2004. He served as President from June 2005 through the end of calendar year 2007. From our inception to September 2004, Dr. Portman served as our President, Chief Executive Officer, and Chairman of the Board of Directors. Dr. Portman has a Ph.D. in Biochemistry and worked as a senior scientist at Schering Laboratories before co-founding M.E.D. Communications in 1974. In 1987, Dr. Portman started a consumer agency and, in 1993, he merged both agencies to form C&M Advertising with billings in excess of $100 million. Dr. Portman is coauthor of two books, Nutrient Timing and The Performance Zone. He has authored hundreds of articles on the role of nutrition in improving sports performance. He is a frequent guest on TV and radio and has been a keynote speaker at national coaches meetings on how nutritional intervention during and after exercise can improve athletic performance and speed muscle recovery. As the former Chief Scientific Officer of PacificHealth Laboratories, he obtained 12 patents for nutritional inventions to improve sports performance as well as to control appetite and help in the management of Type II diabetes.

Organization Position Status
PacificHealth Laboratories, Inc. CEO Current
Satiatrim CEO and Chief Scientific Officer Current
Triad Development, Inc. President Current
PacificHealth Laboratories, Inc. Chairman of The Board of Directors Current
LifeCell Corporation Director Current
Truswal Systems Corporation Director Current
PacificHealth Laboratories, Inc. Chief Scientific Officer Former
Eli Lilly and Company Sales Representative and Marketing Manager Former
Sandoz Pharmaceuticals Marketing Manager Former
Jerhel Plastics, Inc. Controller Former
Able Laboratories, Inc. Controller Former
Schering-Plough Corporation Senior Scientist Former
Sandoz Pharmaceuticals Sales Representative Former
Virginia Polytechnic Institute and State University Ph.D. In Biochemistry and Nutrition Former

Executive News

  • Metropolitan Health Networks Joins the Russell 3000® and Russell Global® Indices

    Reuters - 6/29/09 - View Story

  • Metropolitan Health Networks Joins the Russell 3000(R) and Russell Global(R) Indices

    Forbes.com - 6/29/09 - View Story

  • Metropolitan Health Networks Joins the Russell 3000 and Russell Global Indices

    Business Wire - 6/29/09 - View Story

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     MDF $1.97 +0.01 (0.51% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 142,040
Shares Outstanding 42.35M
Market Cap 83.4M
Year High 2.5
Year Low 1
Earnings Per Share 0.26
P/E Ratio 7.58
Dividend N/A
Yield N/A
IndustryTop Rated
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