HWAY and Wellmont Collaborate - Analyst Blog
February 25 2013 - 9:20AM
Zacks
Leading well-being enhancement
company Healthways (HWAY) and Wellmont Health
System recently revealed that their joint efforts in (population)
health management resulted in the choice of Wellmont Integrated
Network Accountable Care Organization (ACO) in the Medicare Shared
Savings Program.
The two organizations will provide
resources to set up the ACO. For its part, Healthways will furnish
offerings that will help measure the health condition of over
10,000 Medicare fee-for-service enrollees to be served by the ACO
using the set up of the Wellmont Health System. The partnership
between the two parties is intended to shape health care delivery
in south-west Virginia and north-east Tennessee. The two parties
have set up goals to grow the proportion of fit people, reduce
chronic disease and improve on other key
parameters.
The ACO is committed to accomplish
the goals set by The Centers for Medicare & Medicaid Services
(CMS), which includes 33 quality measures on preventive health,
patient safety and other critical parameters.
Wellmont Health System provides
health services in south-west Virginia and north-east Tennessee.
The health system includes eight full service hospitals, with a
broad range of offerings.
The Healthways model encourages
people to make favorable lifestyle changes that lead to enhanced
well-being, reduced healthcare costs, improved performance and
economic value for customers. The company has invested in
technology platforms that provide scalable support for large
populations. It has tie-ups with a large proportion of U.S. health
plans and counts many millions of lives in its customer base.
Due to its unique scalable business
model, Healthways shares may present a long-term investment
opportunity, although it faces many challenges in the short
term.
Healthways is the leader in a
strategically critical and rapidly evolving part of the health care
services market. Its fitness program (SilverSneakers) for seniors
is available at over 15,000 centers across the U.S. and caters to
over nine million eligible enrollees.
The SilverSneakers Fitness Program
encourages older people to regularly exercise, thereby reducing
healthcare expenses and enhancing well being. The program promotes
positive changes in behavior by meshing social encounters with its
fitness regimen. Healthways competes with Express Scripts
Holding Company (ESRX) among others.
Currently, Healthways retains a
Zacks Rank #3 (Hold). Air Methods Corp. (AIRM) and
Covance Inc. (CVD) carry a Zacks Rank #2 (Buy) and
are expected to do well.
AIR METHODS CRP (AIRM): Free Stock Analysis Report
COVANCE INC (CVD): Free Stock Analysis Report
EXPRESS SCRIPTS (ESRX): Free Stock Analysis Report
HEALTHWAYS INC (HWAY): Free Stock Analysis Report
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