American Specialty Health's CEO George Thomas DeVries, III talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 4, 2002 The Wall Street Transcript has published an in-depth interview with George Thomas DeVries, III, President & 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 American Specialty Health Inc., in which he talks at length about the company's future. The entire 1,900-word interview is available free online at http://www.twst.com/ceos.htm DeVries gives an overview of the company. "American Specialty Health is a health services health services Managed care The benefits covered under a health contract organization for complementary health care. We provide carved-out specialty benefits in the area of nutrition counseling, chiropractic, acupuncture, massage therapy Massage Therapy Definition Massage therapy is the scientific manipulation of the soft tissues of the body for the purpose of normalizing those tissues and consists of manual techniques that include applying fixed or movable pressure, holding, and/or , naturopathy naturopathy /na·tur·op·a·thy/ (na?cher-op´ah-the) a drugless system of health care, using a wide variety of therapies, including hydrotherapy, heat, massage, and herbal medicine, whose purpose is to treat the whole person to stimulate , dietetics dietetics /di·e·tet·ics/ (-iks) the science of diet and nutrition. di·e·tet·ics n. The branch of therapeutics concerned with the practical application of diet in relation to health and disease. and guided imagery Guided Imagery Definition Guided imagery is the use of relaxation and mental visualization to improve mood and/or physical well-being. Purpose for employee benefit plans. We work directly with health plans to help those health plans provide benefits for their members or we work with employers to provide benefits for their employees through their employee benefit plans." DeVries explains, "Our primary competitive advantage over other companies is that we are the market leader nationwide in terms of providing benefits for complementary health care to health plans and employers. We currently contract with over 100 health plans across the country; we currently cover 7.3 million members under benefit programs and over 50 million members through affinity discount programs for complementary health care through these health plans; we currently post over $100 million in revenues annually. These totals are significantly larger than any of our competitors and that does make us the national market leader." Looking forward, DeVries states, "In the near future, we will work on assimilating our recent acquisition, a 40-state insurance company. We are committed to taking full advantage of having that insurance carrier capability. We are always open to new acquisitions, and we evaluate those from time to time. If they make sense, we would pursue an acquisition as we did with the insurance company." This interview is part of a 298-page UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg Healthcare Services Conference Issue available at http://www.twst.com/info/info486.htm or by calling 212/952-7433. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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