Molina Healthcare aims to shed real estate holdings, embrace remote work

Molina Healthcare Inc. plans to reduce its real estate footprint by two-thirds in a move toward permanent remote work, CEO Joseph Zubretsky told investors during the company's second quarter earnings call July 28, reports Becker’s Payer Issues. By ending the leases on about 2 million square feet of office space across the country, the Long Beach, Calif.-based health insurer said it expects substantial general and administrative cost savings.