Healthways

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This article is about the health care company, for the scuba gear company, see Healthways (scuba gear company).
Healthways
Type Public
Traded as NASDAQHWAY
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]
Operating income 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]
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[edit]

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[edit]

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[edit]

  1. ^ "Our Story". Healthways. Retrieved 12 December 2008. 
  2. ^ a b c d e "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[edit]