Coventry Health Care Elects Daniel N. Mendelson to Board of Directors.BETHESDA, Md. -- Coventry Health Care Coventry Health Care, Inc. (Coventry) (NYSE: CVH) is a managed health care company in the United States. On February 8th of 2007 Coventry agreed to acquire Concentra's Workers Compensation Managed Care Services Businesses. External links
See: New York Stock Exchange :CVH) announced today that Daniel N. Mendelson was elected to the company's Board of Directors at its meeting held on May 19, 2005. Mr. Mendelson is President and founder of Avalere Health, a leading strategic advisory company based in Washington D.C. Formerly known as The Health Strategies Consultancy, Avalere Health provides strategic consulting, policy development and analytic research to a diverse client base including Fortune 500 healthcare technology companies, federal government agencies, and major medical foundations. A primary focus of Avalere Health is Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. policy, including the implementation of the Medicare Modernization Act. Mr. Mendelson previously served as Associate Director for Health at the Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. , the White House office responsible for budget development and policy coordination across the Administration. In his role with the Office of Management and Budget, Mr. Mendelson was responsible for Medicare, Medicaid, the National Institutes of Health, the Centers for Disease Control and the Food & Drug Administration. His work included development of presidential initiatives in pharmaceutical benefits, health information technology, medical error prevention, electronic disease surveillance and other federal policies in reimbursement and technology assessment. "We are very pleased to be able to add Dan to Coventry's Board," said Dale B. Wolf, Coventry's chief executive officer. "He brings to the Board a deep understanding of the strategic and policy issues in healthcare. His grasp of federal and state legislative and regulatory dynamics will complement the strong skill sets already represented on the Board. We look forward to working with Dan." This press release may contain forward-looking statements, made pursuant to 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, relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry's Annual Report on Form 10-K for the year ended December 31, 2004. Coventry Health Care is a national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental services companies, and workers' compensation services companies. Coventry provides a full range of risk and fee-based managed care products and services, 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 , Medicare Advantage, Medicaid, Workers' Compensation and Network Rental to a broad cross section of employer and government-funded groups, government agencies, and other insurance carriers and administrators in all 50 states as well as the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Puerto Rico. More information is available on the Internet at www.coventryhealth.com and www.firsthealth.com. |
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