) recently forged an agreement with UCLA Health System to make
the latter an approved provider of the Dr. Dean Ornish Program
for Reversing Heart Disease in southern California. Following the
announcement of the deal, Healthways' shares shot up as much as
3.7% in the trading session. The services will be offered at the
Westwood campus, which has been designed specifically to deliver
a superior patient experience.
Lifestyle management health programs aim at making thorough
evaluation of individuals to help them improve their eating
habits, and manage stress and overall lifestyle changes.
The deal follows the partnership that had been forged last year
in July with Dr. Ornish. Per the deal, Healthways had undertaken
the responsibility to operate and license his lifestyle
The lifestyle management programs designed by Ornish are known to
be effective in the treatment, and reversal of the impact of
coronary artery disease, Type 2 diabetes and early-stage prostate
cancer, among other chronic diseases.
Presently, value-based reimbursement systems are becoming
increasingly popular. These programs provide incentives for
improving patients' basic health in a cost-efficient manner. Such
initiatives encourage citizens to pay heed to health requirements
by effectively controlling escalating health care costs.
Low levels of productivity across businesses and communities, on
account of health issues, are a plaguing concern. It is thus
believed that proper implementation of such unique health
management programs is necessary to fight and overcome such
problems in the long term.
Under, the collaboration, Healthways will be responsible for
designing the staff and participant curricula, including
structuring the online presence of the program. Training of the
staff will be taken care of by Healthways while UCLA Health
System will arrange the staff, facilities and billing
Both Healthways and UCLA Health System look forward to introduce
such health initiatives in future to offer lifestyle-changing
services and thus, enhance the overall quality of life in
Currently, Healthways has a Zacks Rank #3 (Hold).
Investors interested in the medical services industry can look at
better-ranked stocks like
Air Methods Corp.
Charles River Laboratories International, Inc.
). All these stocks carry a Zack Rank #2 (Buy).
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HEALTHWAYS INC (HWAY): Free Stock Analysis
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