Some highlights from HealthSpring's conference call [2] Tuesday afternoon, courtesy of Seeking Alpha.
- The company's pay-for-performance model continues to gain traction and should cover half of its members by the end of this year. Search for 'quality.'
- The company's Leon Health Plans unit has renegotiated a number of its large hospital contracts in an attempt to catch up to costs that spiked unexpectedly last year. A 13 percent rate hike also will help. Search for 'Miami.'
- Acquisitions? Not in this market, although CFO Kevin McNamara drops a hint, telling Goldman Sachs' Daryn Miller, "If you could get your compatriots to finance some deals, there could maybe be something there." Search for 'M&A.'