American Healthways, NewQuest Expand Full Care Enhancement Partnership into Texas and Alabama.Business Editors/Health/Medical Writers NASHVILLE, Tenn.--(BUSINESS WIRE)--April 2, 2004 Clinical, Financial Success Among HealthSpring of Tennessee Tennessee, state, United States Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States. Members Drives Rapid Expansion of Total Population Disease Management in Other Markets American Healthways, Inc. (Nasdaq: 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 an agreement with NewQuest Health Solutions LLC--parent company of HealthSpring of Tennessee, HealthSpring of Alabama and Texas HealthSpring--to add chronic obstructive pulmonary disease chronic obstructive pulmonary disease n. Abbr. COPD A chronic lung disease, such as asthma or emphysema, in which breathing becomes slowed or forced. (COPD COPD chronic obstructive pulmonary disease. COPD abbr. chronic obstructive pulmonary disease Chronic obstructive pulmonary disease (COPD) ), asthma and 11 impact conditions programs for over 7,000 members in Texas and Alabama beginning May 1, 2004. "Considering the tremendous difference American Healthways' care enhancement program has made in the lives of our members in Tennessee, particularly our seniors, as well as the smooth implementation of programs in Texas and Alabama earlier this year, we were compelled to bring this total population disease management approach to all three health plans as soon as possible," said NewQuest Chief Executive Officer Herb Fritch. As one of a select few private health plans with a Medicare+Choice program, HealthSpring of Tennessee 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. American Healthways began providing its diabetes and heart disease programs to Texas HealthSpring and HealthSpring of Alabama members January 1 of this year as part of a new, 6-year agreement with NewQuest. 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. "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, and we look forward to continuing that success at all three health plans," 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." About NewQuest NewQuest Health Solutions LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the Nashville-based parent company of HealthSpring of Tennessee, HealthSpring of Alabama and Texas 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. It 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. , serving over 175,000 commercial and 27,000 Medicare members, and offers a portfolio of fully- and self-insured 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 28,000 commercial and Medicare + Choice members since 1986. Texas HealthSpring provides the Medicare + Choice Plan to 16,000 members throughout the metropolitan Houston area. For more information, visit www.myhealthspring.com. 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 March 22, 2004, the Company had over 1 million 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 American Healthways 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, included in the discussion in Part I, Item 1, and Part II, 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 August 31, 2003, and Part I, Item 2 of American Healthways' Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended November 30, 2003. Consequently, actual operations and results may differ materially from those expressed in these forward-looking statements. American Healthways undertakes no obligation to update or revise any such forward-looking statements. |
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