Strong performance of commercial and Medicare health plans during the second quarter helped Sierra Health Services Inc. overcome the pain of losing a major military managed care contract.[@@]
Sierra, Las Vegas, is reporting $34 million in net income for the latest quarter on $348 million in revenue, compared with $38 million in net income on $441 million in revenue for the second quarter of 2004.
Sierra once was a major vendor in the TriCare program, a program that provides health coverage for military personnel, military dependents and military retirees who are away from military and veterans health care facilities.