CareFirst BlueCross BlueShield, Healthways Announce Investment in Expanding Partnership

  CareFirst BlueCross BlueShield, Healthways Announce Investment in Expanding
  Partnership

Business Wire

BALTIMORE & NASHVILLE, Tenn. -- October 2, 2013

CareFirst BlueCross BlueShield (CareFirst) and Healthways (NASDAQ: HWAY) today
announced that CareFirst has made a strategic investment of $20 million in
Healthways as part of an expanding commitment to the commercial partnership
between the two firms. The services and technology delivered by Healthways are
an integral part of the CareFirst network-wide Patient Centered Medical Home
(PCMH) program. CareFirst’s PCMH program provides primary care physicians
comprehensive incentives and tools to provide higher quality, lower cost care
to over one million CareFirst members with an emphasis on coordinated care for
patients with multiple chronic conditions. In addition, Healthways makes
Disease Management services available to CareFirst members.

Healthways and CareFirst anticipate further growth of their commercial
relationship.

“Healthways already plays an integral role in the delivery of our PCMH
program, which is at the heart of our efforts to improve health care quality
for our members while slowing cost increases,” said CareFirst President and
CEO Chet Burrell. “This is a strategic investment in a partner that supports
our core business model. It helps secure long-term services for our customers
and will enhance the opportunities for growth and innovation in our PCMH
program and elsewhere.”

Healthways president and CEO, Ben R. Leedle, Jr. added, “The move to a
value-based reimbursement system within the U.S. healthcare market requires
ongoing innovation in approaches to population health management and improved
well-being. We continue to be impressed by the outstanding success CareFirst
has had in its PCMH approach, and we applaud the vision that Chet Burrell and
the CareFirst leadership group have shown in bringing this program to life and
in delivering the related positive results of lowering cost by improving
health. In the post-healthcare reform environment, the best solutions
typically will require a partnership approach fostered from a long-term view
on commitment and a willingness to act on that view.”

Leedle added, “With this investment agreement, CareFirst is both acknowledging
our mutual success to date and at the same time challenging us to continue to
improve and scale our solutions. We expect that the length of both our
services and investment agreements coupled with the joint expectation we have
in pursuing growth can serve as an example to other health insurance plans
around the country. In the post-healthcare reform environment, we continue to
believe that services and solutions tailored to a geographic market focus will
allow for the greatest success. We look forward to continuing our work with
the entire team at CareFirst as they seek to both reduce cost and improve the
quality of outcomes for all the members they serve through improved care
coordination on behalf of the primary care physicians in the CareFirst
network.”

About CareFirst

In its 75th year of service, CareFirst, an independent licensee of the Blue
Cross and Blue Shield Association, is a not-for-profit health care company
which, through its affiliates and subsidiaries, offers a comprehensive
portfolio of health insurance products and administrative services to
3.4million individuals and groups in Maryland, the District of Columbia and
portions of Northern Virginia. In 2012, CareFirst contributed nearly $57
million to community programs designed to increase the accessibility,
affordability, safety and quality of health care throughout its market areas.
To learn more about CareFirst BlueCross BlueShield, visit our web site at
www.carefirst.com or follow us on Twitter: http://twitter.com/CareFirst_News.

About Healthways

Healthways (NASDAQ: HWAY) is the largest independent global provider of
well-being improvement solutions. Dedicated to creating a healthier world one
person at a time, the Company uses the science of behavior change to produce
and measure positive change in well-being for our customers, which include
employers, integrated health systems, hospitals, physicians, health plans,
communities and government entities. We provide highly specific and
personalized support for each individual and their team of experts to optimize
each participant’s health and productivity and to reduce health-related costs.
Results are achieved by addressing longitudinal health risks and care needs of
everyone in a given population. The Company has scaled its proprietary
technology infrastructure and delivery capabilities developed over 30years
and now serves approximately 45 million people on four continents. Learn more
at www.healthways.com or www.silversneakers.com.

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Contact:

CareFirst BlueCross BlueShield
Scott Graham, 1-800-914-NEWS (6397)
mediarelations@carefirst.com
or
Healthways
Chip Wochomurka, 615-614-4493
chip.wochomurka@healthways.com
 
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