Corporate Profile for WellPoint Health Networks Inc., dated Nov. 6, 1998.--(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: Nov. 6, 1998
Company Name: WellPoint Health Networks Inc.
Address: 21555 Oxnard St.
Woodland Hills, Calif. 91367
Main Telephone
Number: 818/703-2345
Internet Home
Page Address
(URL): WellPoint.com
Chief Executive
Officer: Leonard D. Schaeffer
Chief Financial
Officer: David Colby
Investor Relations
Contact: John Cygul
Business number: 818/703-4321
Public Relations
Contact: Corporate Communications
Business number: 818/703-2711
Trading Symbol/
Exchange: WLP/NYSE
Industry: Health Insurance
Company description: WellPoint Health Networks Inc., one of the nation's largest publicly traded managed care companies, serves the health-care needs of 6.8 million medical and over 23 million specialty members nationally through Blue Cross of California in California, and UNICARE throughout other parts of the country. WellPoint offers a broad spectrum of quality network-based health products including HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there , POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and specialty managed-care products. Specialty products include pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , dental, utilization management Utilization management is the evaluation of the appropriateness, medical need and efficiency of health care services procedures and facilities according to established criteria or guidelines and under the provisions of an applicable health benefits plan. , vision, mental health, life and disability insurance, flexible spending accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are , COBRA administration, and Medicare supplements. |
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