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Coventry Health Care

 
Approx. 67 active jobs   |  Website
Overview
Coventry Health Care was established in 1986 as a provider of managed health care services, offering members a wide choice of options, high standards of care and affordable rates. Since our founding, Coventry has experienced dramatic growth, increasing membership and an expansion of its service areas.

Coventry Health Care is a national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental service companies, and worker's compensation service companies. Coventry provides a full range of risk and fee-based managed care products and services, including HMO, PPO, POS, Medicare Advantage, Medicare Prescription Drug Plans, Medicaid, Worker's Compensation and Network Rental to a broad cross section of employer and government-funded groups, government agencies, and other insurance carriers in all 50 states as well as the District of Columbia and Puerto Rico.
Benefits
Coventry Health Care offers a comprehensive benefit program that includes a variety of options to help you achieve your personal and financial goals.
  • Career Development & Training
  • Health Benefits
  • Paid Leave
  • Life and Accident
  • Retirement Plan
  • Employee Stock Purchase Plan
  • Educational Assistance
  • Other Employee Benefits
Career Opportunities
Coventry Health Care Reports First Quarter Earnings of $0.74 per Diluted Share; Re-affirms 2006 Full Year Diluted EPS Guidance of $3.42 to $3.48



BETHESDA, Md., Apr 28, 2006 (BUSINESS WIRE) -- Coventry Health Care, Inc. (NYSE:CVH) today reported operating results for the quarter ended March 31, 2006. Operating revenues reached a record $1.94 billion for the quarter with net earnings of $121.0 million, or $0.74 per diluted share. GAAP treatment for the Medicare Part D products results in a disproportionate loss early in the calendar year and a disproportionate gain later in the year. This quarter includes a GAAP loss of ($0.06) per diluted share related to Medicare Part D.

"I am delighted with the performance of our Company in the first quarter of 2006," said Dale B. Wolf, chief executive officer of Coventry. "Our health plan business is a consistent performer, and we continue to realize earnings and cash flow leverage from our fee-based businesses. Furthermore, we successfully implemented Medicare Part D in the first quarter, and the business is operationally and financially on track. Overall, our opportunities and prospects are outstanding and we look forward to a successful 2006."

EVENTS

Jul. 28. 06
Q2 2006 Coventry Health Care, Inc Earnings Release
Jul. 28. 06 8:30 a.m. ET
Q2 2006 Coventry Health Care, Inc Earnings Conference Call


Oct. 27. 06
Q3 2006 Coventry Health Care, Inc Earnings Release
Oct. 27. 06 8:30 a.m. ET
Q3 2006 Coventry Health Care, Inc Earnings Conference Call

Dec. 06. 06
Coventry Health Care, Inc Investor Day (NYC)
Vision
We intend to revolutionize the health care industry in our markets through innovation, technology, quality performance, and commitment to our customers and constituents. Our aim is to offer products and services that will responsibly improve the quality of life of all we serve. We will conduct our business affairs in an ethical and financially prudent manner through employee development, involvement and empowerment, while demonstrating compassion to our members and setting a standard for all others to achieve.
Products & Services
Coventry Health Care is a national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental service companies, and worker's compensation service companies. Coventry provides a full range of risk and fee-based managed care products and services, including HMO, PPO, POS, Medicare Advantage, Medicare Prescription Drug Plans, Medicaid, Worker's Compensation and Network Rental.

Coventry Health Care offers a wide variety or products to meet the varied needs of our members, including:

  • Health Maintenance Organizations (HMO) were once easily defined as organizations that provided health care to voluntarily enrolled members in return for a pre-determined, pre-paid amount of money on a per member basis.

  • Preferred Provider Organizations (PPO) are managed care plans that allow members to see providers either within an established network or outside of it. Members pay a reduced fee for choosing a provider within the network because those providers have agreed to provide services at a discounted fee.

  • Point Of Service (POS) managed cared plans are those where members do not have to choose how to receive services until they need them. Members may see any provider and do not have a primary care physician. If the provider is not in the plan, members share in the higher cost of treatment.

  • Medicare is a government-managed program that provides health care for older Americans. Because the government mandates certain coverage and imposes many restrictions and filing requirements,
    CHC and its subsidiaries have developed special programs available only to Medicare beneficiaries.

  • Medicaid is also a government-managed program; however, it covers those Americans who are unable to pay for their own health care treatment. Each state has its own requirements for receiving benefits. Some require participants to join HMOs, others do not. CHC has also developed special programs for Medicaid beneficiaries.

  • Traditional Indemnity plans are those where the insured individual receive care from a provider of their choice. There are no referrals and no primary care physician. These plans tend to be more expensive for patients as well as health plans because providers are paid full fees for services provided, not negotiated discounted rates.
Contact
Corporate Headquarters
Coventry Health Care, Inc
6705 Rockledge Drive, Suite 900
Bethesda, MD 20817
301-581-0600
Diversity
At Coventry Health Care we promote an open and supportive work environment. We recognize our continued success depends on a workforce that values the diverse backgrounds, skills and views of one another. Hiring people who think differently about problems is a great way to ensure innovative solutions. That's why at Coventry, we respect and encourage diversity, and strive to make it an important goal in our employee recruitment and retention initiatives.