Corporate Profile for AMERIGROUP Corporation dated January 8, 1999.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: January 8, 1999
Company Name: AMERIGROUP Corporation
Address: 4425 Corporation Lane
Virginia Beach, VA 23462
Main Telephone
Number: 757-490-6900
Internet Home
Page Address
(URL) www.amerigroupcorp.com
Chief Executive
Officer: Jeffrey L. McWaters
Chief Financial
Officer: Sherri Lee
Public Relations
Contact: Adam D. Birnbaum
Business number: 757-473-2737, Ext.2811
Industry: Health Care
Company description: AMERIGROUP Corporation was founded, in 1994, to privatize pri·va·tize tr.v. pri·va·tized, pri·va·tiz·ing, pri·va·tiz·es To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: "The strike ... government run health care. With health plans for Medicaid Medicaid, national health insurance program in the United States for low-income persons; established in 1965 with passage of the Social Security Amendments and now run by the Centers for Medicare and Medicaid Services. beneficiaries operating throughout NJ, IL, and TX, AMERIGROUP coordinates its members' physical and behavioral behavioral pertaining to behavior. behavioral disorders see vice. behavioral seizure see psychomotor seizure. healthcare, offering a continuum Continuum (pl. -tinua or -tinuums) can refer to:
The company's business methodology has resulted in cost efficiency, enhanced quality, and improved health status for their members. This has proven rewarding for, during a time of mass consolidation, AMERIGROUP witnessed significant growth during 1998. Their acquisition of Oxford Health Plan's NJ Medicaid contract resulted in a 30,000-member increase to AMERICAID New Jersey, Inc., AMERIGROUPS's NJ subsidiary. Nationally, membership doubled equating e·quate v. e·quat·ed, e·quat·ing, e·quates v.tr. 1. To make equal or equivalent. 2. To reduce to a standard or an average; equalize. 3. to over 110,000 members throughout New Jersey, Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , Ft. Worth, and Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; . Moreover, following the win of a competitive bid, this past fall, AMERIGROUP will commence operations in Dallas starting mid 1999. In addition, AMERIGROUP's Medicaid product, AMERICAID Community Care, achieved market leader positioning in Fort Worth and Houston by attaining 50% and 28% market share respectively. Finally, national staffing nearly doubled, increasing the company's employment base to over 400. In summary, their 1998 success has proved that AMERIGROUP possess the ability to compete against and ultimately acquire larger, well-established HMOs. And, it is projected that 1999 will prove to be even stronger. |
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