Leading well-being enhancement company
) and ConnectiCare recently revealed a 3-year partnership to
provide the SilverSneakers Fitness Program. Starting from Jan 1,
2013, SilverSneakers will be available to eligible enrollees of
ConnectiCare VIP Medicare Advantage plans.
Headquartered in Farmington, Connecticut, ConnectiCare is a
health plan. It is a subsidiary of EmblemHealth. The company
provides a range of healthcare plans ranging from products for
individuals to services for businesses. The National Committee
for Quality Assurance ranks ConnectiCare in the highest 10% of
health plans in the country.
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
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
) among others.
Currently, Healthways retains a Zacks Rank #3 (Hold), which
supports its Neutral recommendation for the long term.
EXPRESS SCRIPTS (ESRX): Free Stock Analysis
HEALTHWAYS INC (HWAY): Free Stock Analysis
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