AmeriChoice Awarded New Contracts to Serve TennCare Program in East and West Grand Regions.NASHVILLE, Tenn. -- AmeriChoice has been notified by Tennessee's Bureau of TennCare that it was awarded contracts to expand services in East and West Tennessee West Tennessee is one of the three Grand Divisions in the U.S. state of Tennessee. Of the three, it is the most sharply defined geographically. Its boundaries are the Mississippi River on the west and the Tennessee River on the east. . When the new contracts are fully operational in January 2009, AmeriChoice will serve approximately 574,000 members in the state and be the only company operating a full-risk health plan in all three TennCare regions. This award is expected to add an estimated $1 billion in 2009 revenue to AmeriChoice. Rick Jelinek, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AmeriChoice, a UnitedHealth Group UnitedHealth Group Incorporated NYSE: UNH is a managed health care company. It is the parent of United Healthcare, one of the largest health insurers in the U.S. It was created in 1977, as UnitedHealthCare Corporation (it renamed itself in 1998), but traces its origin to a (NYSE NYSE See: New York Stock Exchange : UNH Unh The symbol for the element unnilhexium. ) company, said, "It is a great honor and responsibility to be awarded these contracts and to help provide access to quality care statewide for the people of Tennessee. The capabilities of AmeriChoice and its affiliated UnitedHealth Group partners, including, OptumHealth Behavioral Solutions, Spectera and Ingenix, enable AmeriChoice to offer an unmatched set of resources as we work to improve the health of TennCare's beneficiaries." UnitedHealth Group, AmeriChoice and predecessor companies have served the Medicaid population in Tennessee since the inception of the TennCare program 14 years ago. About AmeriChoice Currently serving more than 1.8 million members in 18 states, AmeriChoice, a UnitedHealth Group company, is a diversified health services health services Managed care The benefits covered under a health contract company dedicated to helping states, localities, and other government agencies facilitate care for the economically impoverished, the medically underserved and those without the benefit of employer-funded health care coverage. For more information, visit www.americhoice.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain statements, estimates, projections, guidance or outlook that constitute "forward-looking" statements as defined under U.S. federal securities laws. Generally the words "believe," "expect," "intend," "estimate," "anticipate," "plan," "project," "will" and similar expressions, identify forward-looking statements, which generally are not historical in nature. These statements may contain information about financial prospects, economic conditions, trends and uncertainties and involve risks and uncertainties. We caution that actual results could differ materially from those that management expects, depending on the outcome of certain factors. We do not undertake to update or revise any forward-looking statements. |
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