Arkansas BlueCross extends Healthways deal
Arkansas Blue Cross and Blue Shield officials have extended their contract with Healthways' SilverSneakers fitness program. About 120,000 Medicare enrollees in the Natural State now have access to SilverSneakers through 2015.
Series B raise for wellness venture run by HCA, LifePoint alum
D.C.-based Privia Health, which boasts a wealth of Nashville roots, announced Monday it has just closed a $12.3 million series B funding round. Privia CEO Jeff Butler, who previously spent time with local household names HCA and LifePoint, is building a wellness and care management venture that partners with physician groups. Another local connection: One of the company’s investors is John Deane with Nashville-based Southwind.
HealthSpring hooks up with heart helpers
Medicare Advantage insurer HealthSpring has contracted with Minnesota-based Warm Health to provide care management services to its members with higher risk for heart failure. Mark Tulloch, COO of HealthSpring, says Warm Health's "business model delivers rich clinical content that affords our clinicians the ability to better provide optimal quality care and oversight." The program has been rolled in four regions of HealthSpring's footprint, which now covers 11 states and D.C.
Healthways lands France deal
Tracking Healthways' shrinking employee base
A few months ago, Franklin-based wellness and disease management company Healthways announced a company-wide restructuring that ultimately ended up costing the company more than $10 million. The company wouldn't say just how many workers were affected by the cuts, which included the loss of some international and local positions.
Browsing through Healthways' recent annual reports, however, can give readers a general sense of what's been happening with the employee ranks of Healthways over the last few years.
As of March 1, the company had 2,800 workers. On March 8, 2010, that number was 3,000. On Oct. 15, 2008, it was 3,500 people. In October of 2007 it was 3,800. (Search "employees" in each filing.)
That's a 26 percent decline in employee count in the last three and a half years.
Appeals judges affirm Healthways suit dismissal
Inspiris acquired by UnitedHealth Group
Remember Healthways' talk about hospital clients?
Healthways Inc. this morning touted the results of two studies on the effectiveness of its chronic care management techniques for reducing hospital readmissions. Conducted by Healthways' Center for Health Research, the first study looked at claims data for more than 30,000 members of a commercial health plan that were discharged from a hospital in 2008. Patients who received a follow-up phone call after discharge were 23 percent less likely to be readmitted to the hospital. Patients who do not receive a follow-up call within 14 days of discharge are 1.3 times more likely to be readmitted to the hospital within 30 days of being discharged.“While previous studies have demonstrated a reduction in readmissions based on the capacity of hospitals and clinics to provide supplemental discharge counseling, this study demonstrates that the same effect can be achieved through efficiently scaled and delivered telephonic interventions,” said James E. Pope, M.D., Chief Science Officer, Healthways. “These findings clearly indicate that timely discharge follow-up by telephone to supplement standard care is effective at reducing near-term hospital readmissions, thus providing a means of reducing costs for health plans and their members.”Reducing readmissions is of increased importance to health care providers under new health care reform regulations. It's also a possible new focus for Healthways, which hinted on its most recent earnings call that it was piloting programs with a "large, integrated health system."
Analyst action: LP, Healthways
Scotia Capital analyst Benoit Laprade has for the third time this year changed his rating on the shares of Louisiana-Pacific. He now rates them at 'sector underperform,' down two notches from his previous rating. LP shares (Ticker: LPX) have risen more than 30 percent this year. Looking for a 2011 best idea in the health care space? Well, look no further than Healthways, say the researchers at FBR Capital. Its role in the health care services/pharmacy sector will help drive results as insurance reform and economic recovery take hold. There is, of course, also a value-play element to picking Healthways: Its shares (Ticker: HWAY) are down more than 40 percent in 2010.Healthways looks on the bright side




