From turnaround to turning a profit: Jay Gellert has taken Health Net from a record-breaking deficit to a record-breaking profit in an industry where many struggle just to break even.

San Fernando Valley Business Journal › January 06, 2003

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From turnaround to turning a profit: Jay Gellert has taken Health Net from a record-breaking deficit to a record-breaking profit in an industry where many struggle just to break even.

JAY Gellert knows a thing or two about turnarounds. After taking over as president and chief executive of Health Net Inc. in 1998, he shut down a number of unproductive divisions to refocus the company on its core benefits products. Those and other cost-cutting measures would help steer the HMO out of a $165 million deficit that year to a $164 million profi...

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