American Healthways, HealthSpring Announce Extended and Expanded 6-Year Contract.Business Editors/Health/Medical Writers NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 16, 2003 Tennessee Tennessee, state, United States Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States. Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. Results Drive Addition of Disease Management Programs for Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). and Texas Health Plans American Healthways, Inc. (Nasdaq/NM: AMHC AMHC Association of Mental Health Clergy AMHC Aviation Structural Mechanic Hydraulics Chief ), the nation's leading and largest provider of disease management, care enhancement and high-risk high-risk adjective Referring to an ↑ risk of suffering from a particular condition Infectious disease Referring to an ↑ risk for exposure to blood-borne pathogens, which occurs with blood bank technicians, dental professionals, dialysis unit health management programs, today announced a new, 6-year agreement with NewQuest Health Solutions LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , parent company of HealthSpring of Tennessee, HealthSpring of Alabama and Texas HealthSpring. The new agreement extends the Company's care enhancement program for HealthSpring of Tennessee an additional two years - from Dec. 31, 2007 to 2009 - and expands the relationship to bring diabetes and heart disease programs to HealthSpring's members in Alabama and Texas beginning Jan. 1, 2004. "Our relationship with HealthSpring is built on a mutual commitment to improve clinical and financial outcomes, both of which have been achieved to a high level," said American Healthways President and Chief Executive Officer Ben R. Leedle Jr. "Our first-year results, particularly with HealthSpring's Medicare members, have led to an even greater commitment by HealthSpring to reach more of its members through our programs. We also are excited that our HealthSpring partners will continue to be engaged with us in a strategic way and share our passion for developing innovative approaches to improving health." As one of a select few private health plans with a Medicare+Choice program, HealthSpring didn't wait for Medicare reform to bring innovative disease management programs to its seniors. Since 2002, the health plan has been proactively delivering 16 of American Healthways' programs under the care enhancement model. Initial results are strong, proving that care enhancement - which focuses on the whole person, not just a single disease - works regardless of age or location. That success compelled NewQuest to take American Healthways' programs into new markets. Members in the program - called HealthSpring Cares - work closely with highly trained nurses who help members understand and follow their physician's plan of care, set personal health goals and gain control of their disease instead of having their disease control them. NewQuest Chief Executive Officer Herb Fritch said, "American Healthways delivers an extremely valuable service to our members and has become an integral part of HealthSpring's success equation. In just over a year, American Healthways' programs have made a tremendous difference in our members' lives, particularly our seniors, and we are eager to bring HealthSpring Cares to our Alabama and Texas customers." About HealthSpring HealthSpring of Tennessee is dedicated to improving the health of the community it serves by delivering the highest quality and greatest value in health care benefits and services. The Nashville-based company is the largest independent managed care organization in Middle Tennessee “Middle Tennessee” redirects here. For the university in Murfreesboro, see Middle Tennessee State University. Middle Tennessee is a distinct portion of the state of Tennessee, delineated according to law as well as custom. currently serving over 175,000 commercial and 26,000 Medicare members. HealthSpring offers a portfolio of fully- and self-insured self-insured Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance health plans to employers and administers Medicare benefits through its Medicare + Choice plans. HealthSpring of Alabama has been providing quality, affordable health care coverage to commercial and Medicare + Choice members since 1986. Texas HealthSpring provides the Medicare + Choice Plan throughout the metropolitan Houston area. For more information, visit www.myhealthspring.com. About NewQuest NewQuest, HealthSpring's parent company, was chosen by the Nashville Business Journal for the 2003 Best in Business Award among companies with 101 to 500 employees. NewQuest was also named a 2003 Music City Future 50 company. About American Healthways American Healthways (AMHC) is the nation's leading and largest provider of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. , comprehensive disease management, care enhancement and high-risk health management services proven to improve the quality of health care and lower costs. As of Aug. 31, 2003, the Company had 838,000 actual lives under management nationwide. For more information, visit www.americanhealthways.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions This press release contains 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. that are based upon current expectations and involve a number of risks and uncertainties. In order for the Company to utilize the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, investors are hereby cautioned that these statements may be affected by the important factors, among others, set forth. Consequently, actual operations and results may differ materially from those expressed in these forward-looking statements in the discussion in Part I, Item 1 and Item 7, of American Healthways' Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Aug. 31, 2003. Company undertakes no obligation to update or revise any such forward-looking statements. |
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