Insight, analysis & opinion from Joe Paduda
Yesterday’s Louisiana appellate court ruling against Coventry’s First Health work comp network is a major blow to comp insurers, employers, and networks in Louisiana, with potential impact in other states as well. The ruling is here. The court’s finding supported … Continue reading Louisiana appellate court rules against Coventry’s work comp network
Read More...Coventry released its Q1 2010 financials today, and looking at the numbers one would have to be a naysayer to find fault. The company is successfully exiting the Medicare Private Fee for Service business, growing its Medicare, Medicaid, and Part … Continue reading Coventry – a good Q1 2010, but what about the future…
Read More...Pretty well. With the demise of health reform and the company’s continued focus on core businesses at the expense of ancillary or unrelated operations, things are looking up for the mid-tier managed care company. Last week’s Q4 2009 earnings call … Continue reading How’s Coventry doing?
Read More...Coventry’s work comp division has recently gone thru some changes at the upper management levels. The overhaul has affected clinical ops, senior management, and sales, and according to insiders may not yet be complete. Chris Watson is now COO, moving … Continue reading UPDATE – Changes at Coventry work comp
Read More...From comments made by management at Coventry’s presentation at Morgan Stanley investor day last week, the company’s efforts to refocus on core businesses appears to be working. Of he two key takeaways one was wildly obvious while the other much … Continue reading Coventry Healthcare – they’ve solved yesterday’s problem
Read More...Coventry CFP Shawn Guertin confirmed the company’s commitment to workers comp in this morning’s Morgan Stanley Global Healthcare Conference, noting comp is a : “[somewhat] different piece [compared to their medicare and commercial business] that has performed very well this … Continue reading Coventry will not be selling its workers comp unit
Read More...Shawn Guertin, Coventry’s CFO, spoke at the Wachovia investor day conference late last month, and here, so you don’t have to listen to the entire webcast, are the highlights. But if you do want to, it is still available here … Continue reading The latest on Coventry Health – steady progress
Read More...Magellan Health is buying a small chunk of Coventry – the unit that provides prescription drug programs and other services for Medicaid members. Although the unit was identified as ‘First Health’, it is NOT Coventry’s workers comp managed care business. … Continue reading The Magellan-Coventry deal
Read More...Coventry released its financial results for Q1 2009, and the work comp financials are, to say the least, strong. Revenues were up almost 10% quarter over quarter to $188 million, while gross margin actually declined by a couple points to … Continue reading Coventry’s work comp financial results – stellar
Read More...It’s official. Coventry Healthcare has informed their employees they will be closing up the Medicare Private Fee For Service business at the end of this year. The announcement was made today at the healthplan’s two PFFS operations centers in Houston … Continue reading It’s official, Coventry is exiting Medicare PFFS
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