Healthways

This article is about the health care company, for the scuba gear company, see Healthways (scuba gear company).
Healthways
Public
Traded as NASDAQ: HWAY
Industry Health care
Founded 1981[1]
Headquarters Franklin, Tennessee, United States
Key people
 Ben Leedle (CEO)
Services Disease management
Revenue Decrease US$677,170,000 (2012)[2]
Increase US$28,895,000 (2012)[2]
Profit Increase US$8,024,000 (2012)[2]
Total assets Increase US$748,268,000 (2012)[2]
Total equity Increase US$278,821,000 (2012)[2]
Number of employees
 2,400 (March 1, 2013)
Website http://www.healthways.com

Healthways is a well-being improvement company founded in 1981 and headquartered in Franklin, Tennessee.

In 2003, the company topped a list of "America's fastest-growing small companies," based on earnings/share growth, revenue growth, and total return.[3] The company's name was changed from "American Healthways" (NASDAQ: AMHC) to "Healthways" (NASDAQ: HWAY) in 2006 in order to better compete for business outside the United States.[4] In 2008, the company's stock price decreased because it lost Blue Cross and Blue Shield of Minnesota as a customer and because a Medicare experiment on disease management (in which the company had participated) had produced "disappointing results".[5] In 2009 Healthways acquired HealthHonors, a behavior economics company that specializes in behavior change science and optimized use of incentives.

SilverSneakers

SilverSneakers is a fitness program designed for older adults. SilverSneakers is owned by Healthways. SilverSneakers is offered to people who are Medicare-eligible, to group retiree members and to members of other sponsoring organizations.[6]

SilverSneakers originated in 1992 when HealthCare Dimensions, Inc. was founded Tempe, Arizona which later merged with several other health-related companies to form Axia Health Management, Inc. In 2006 Healthways purchased Axia.[7]

QuitNet

QuitNet is an online smoking cessation system emphasizing social support as a mechanism for behavior change. The system originated at Boston University's School of Public Health in 1995 as a demonstration project and was spun-out as a for-profit entity in 2000.[8] The company was later merged along with SilverSneakers and others to form Axia Health Management, Inc. and ultimately acquired by Healthways in 2006.

References

  1. ↑ "Our Story". Healthways. Retrieved 12 December 2008.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "FORM 10-K FY Ended December 31, 2012" (Press release). Healthways. Retrieved 2012-12-31.
  3. ↑ "The FSB One Hundred: America's fastest-growing small companies". FSB: FORTUNE Small Business. 1 July 2003. Retrieved 15 December 2008.
  4. ↑ "American Healthways changes name, ticker symbol". Nashville Business Journal. 31 January 2006. Retrieved 15 December 2008.
  5. ↑ Abelson, Reed (7 April 2008). "For one company, role in Medicare experiment has hurt stock". New York Times. Retrieved 15 December 2008.
  6. ↑ Ronda Bresnick Hauss. "Medicare Eligible Participants Get No-Cost Gym Membership and Specially Designed Exercise Classes". Retrieved November 11, 2009.
  7. ↑ "Healthways buys Axia for $450M". Retrieved November 11, 2009.
  8. ↑ David J. Craig. "BU spin-off creates online community of smokers kicking butts". Retrieved April 11, 2010.

External links