Franklin-based Healthways has signed a contract with Renaissance Health Network, a network of some 250 primary care physicians in the Philadelphia area, to integrate its Well-Being Direct program for the doctors' Medicare population. RHN works with 32,000 Medicare beneficiaries through its accountable care organization.
Acknowledging the impact financial stresses can have on people's psychological and physiological systems, Healthways this morning announced it is teaming up with Dave Ramsey's Lampo Group to offer financial coaching services as part of its wellness platform. Ramsey's CORE program will begin being rolled out in the first half of next year.
As part of the collaboration, Healthways will scale online delivery of the CORE™ curriculum, bringing new content, interactive features and support to the self-directed program and making it accessible via all media, including mobile devices. In addition, Healthways coaches will receive advanced training from Ramsey’s team, allowing them to address well-being improvement from a holistic point of view that factors in financial stressors.
Healthways, one of the best-performing Middle Tennessee stocks of 2013, was taken down a notch Thursday by analysts at Stephens Inc. In launching coverage of the Franklin-based wellness services provider with an 'underweight' rating, the researchers said "evolving changes" in the employer insurance market — a number of large employers are steering their workers to the newly launched insurance exchanges — pose new risks that investors haven't yet taken into account. They see the stock (Ticker: HWAY), which closed Wednesday at $18.23, sliding to $12 in the coming quarters. At one point Thursday, the shares were off almost 6 percent but they recovered to give up only 2.5 percent.
Separately on Thursday, Healthways officials announced that BlueCross BlueShield of Alabama has added another group of Medicare customers to its SilverSneakers contract with the company. The move will become effective in January.
We've detailed the impressive climb of late by shares of Healthways, which reached a five-year high last week. We also noted the relatively light volume. But the tide has definitively turned in recent days and it has done so with a vengeance. Healthways (Ticker: HWAY) has given up 15 percent in the past two and a half days of trading and it's noteworthy that the previously light volume has given way to days with action well above the average of about 585,000 shares.
The impressive rally in shares of wellness services provider Healthways shows few signs of coming to a halt after breaking through $20. Heading into the week's last hour of trading, Healthways (Ticker: HWAY) was changing hands around $21, up 3.6 percent on the day and at their highest level since the last week of August of 2008. One caveat to consider about the strength of the rally: Trading volume hasn't been above the stock's three-month average since Aug. 21.
The best-performing Nashville-area stock so far this year this morning hit its highest levels in nearly five years, pushing higher on word that it has scored a deal to provide its wellness services to 650,000 Georgia state employees. Healthways shares (Ticker: HWAY) got to $18.99 today, a level they haven't hit intraday since October 2009 and above which they haven't closed since Sept. 10, 2008. So far this year, Healthways is up 75 percent.
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- TIPTON, JOHN H JR; TIPTON, FRANCES ADAMS
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- SIMPKINS, W L JR; SIMPKINS, NANCY H