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Metropolitan Health Networks Reports 2008 Second Quarter Results
Date:8/5/2008

tential to generate positive income from operations in future periods. Most notably, the company projects that by utilizing Humana's existing contracts with various service providers, the new provider risk arrangements will reduce the cost of providing medical services. It is also believed that the reduced revenue per customer per month associated with the new provider risk arrangements will be more than offset by projected medical cost savings, elimination of a significant portion of the HMO sales and administrative costs, and reductions in corporate overhead, which, the company expects, should enhance its potential to generate income from operations.

Michael Earley, Chairman and Chief Executive Officer of Metropolitan Health Networks, Inc., commented, "We are very pleased with our 2008 first half report. The mid-year risk adjustment payments brought our premium levels to expected levels that are more reflective of our continuing commitment to proper risk coding. The MER performance in our core PSN business continues to be very good and the MER of the HMO continues to improve, as we continue to bring down our overhead spending."

Continuing, Earley noted, "2008 is shaping up to be a year of transformation for Metropolitan as we move forward with the sale to Humana of our HMO and the conversion its 7,400 customers into our PSN customers. The sale expands our Humana-contracted market from 5 Florida counties to 18, significantly increasing the potential for growth in both of our organizations. We are once again refocusing our business, our expertise and our resources on our core competencies while expanding our market area and our opportunities. As our balance sheet continues to strengthen it will provide the resources necessary to take advantage of this new footprint."

Conference Call Information:

Metropolitan Health Networks will hold a conference call to review its second quarter 2008 results on Tuesday, August 5, 2008 at 11:00 a.m. Easte
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SOURCE Metropolitan Health Networks, Inc.
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