American Healthways Expands Relationship with the Principal Financial Group to Provide Full Suite of Care Enhancement Services.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--June 1, 2004 Early Success Drives Adoption of 11 Impact Condition Programs to Extend Disease Management Reach 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 health management programs, today announced an expansion of its agreement with the Principal Financial Group(R), the nation's 401(k) leader and a premier provider of employee benefits. Beginning today, fully insured, commercial health plan members of The Principal will have access to American Healthways' full suite of care enhancement services, including 11 impact condition programs, complementing the disease management provider's existing program offering. "In the first year of our partnership with American Healthways, we're already seeing clinical and financial improvements as a result of the programs," said Gary Cain, senior vice president over the Medical Division of the Principal Financial Group. "We felt we could achieve even greater success in the health of our members by increasing the number of conditions we address." Currently, American Healthways works with 39,000 Principal Financial Group members with diabetes, coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. , heart failure, 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. and asthma. By adding the impact condition programs, which include low back pain and osteoarthritis osteoarthritis or osteoarthrosis or degenerative joint disease Most common joint disorder, afflicting over 80% of those who reach age 70. It does not involve excessive inflammation and may have no symptoms, especially at first. , the Company will reach an additional 46,000 members. "We are proud of the results of our partnership with The Principal thus far, and we look forward to reaching even more of its members with our programs and having an even greater impact on health outcomes and health-care costs," said American Healthways President and 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. Ben R. Leedle, Jr. In addition to providing services to fully insured members of the Principal Financial Group, American Healthways provides disease management services to more than 11,000 members in 29 self-funded insured groups of The Principal, a number that is expected to double in the next year. About the Principal Financial Group The Principal Financial Group(R) (The Principal (R))(1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and mortgage banking through its diverse family of financial services companies. More employers choose the Principal Financial Group for their 401(k) plans than any other bank, mutual fund, or insurance company in the United States(2). A member of the Fortune 500, the Principal Financial Group has $149.8 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (3) and serves some 15.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . For more information, visit www.principal.com. About American Healthways American Healthways (AMHC) is the nation's leading and largest provider of specialized, 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 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 for the fiscal year ended August 31, 2003, and Part I, Item 2 of American Healthways' Quarterly Report on Form 10-Q for the quarter ended February 29, 2004. 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. (1)"The Principal Financial Group(R)" and "The Principal(R)" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. (2)CFO See Chief Financial Officer. Magazine, April/May 2003, based on total plans served in 2002 by insurance companies, banks and investment firms. (3)As of March 31, 2004 |
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