Insight, analysis & opinion from Joe Paduda
The results for the second quarter are in, and Coventry’s doing well. For now, we’ll focus on the work comp sector; if you are looking for any insights into Chariman Allen Wise’ views on comp, you won’t find them in … Continue reading Coventry’s Q2 work comp performance
Read More...While Coventry’s work comp division revenues were pretty much flat quarter over quarter, the company views the results as better than expected. . In comments during this morning’s Q1 2012 earnings call, CFO Randy Giles said Coventry had experienced “higher … Continue reading Coventry’s Q1 2012 earnings report – the work comp story
Read More...Coventry Health announced their full-year 2011 results this morning; I’d have to sum it up as quite positive, driven primarily by big Medicaid and Medicare revenue increases. There’s no question where management is focused – with CMS programs accounting for … Continue reading Coventry’s 2011 financial results
Read More...The healthplan company’s Q2 earnings were released last week. If you were looking for any insights into their comp business, the Coventry release wasn’t the place to look; there was no mention of workers comp results – this despite the … Continue reading The latest on Coventry’s work comp results
Read More...Last week Coventry released their Q1 2011 earnings report, and things are looking good. First, the workers comp results. Revenues were up slightly, to $191.6 million, a 4% increase over the prior year’s quarter. For the last few months, Coventry’s … Continue reading Coventry’s 2011 Q1 work comp results
Read More...Didn’t hear anything in Coventry’s earnings call yesterday about workers comp – even though it accounts for about three-quarters of a billion dollars in revenue and somewhere’s north of $85 million in margin – for Coventry. Turns out I didn’t … Continue reading Coventry workers’ compensation business – no news is…
Read More...Coventry’s 2010 earnings report is out, and the news was generally pretty good. Revenues are down considerably, but that’s due to the company’s decision to exit Medicare private Fee for Service; operating earnings are up for the year (from 3.6% … Continue reading Coventry’s 2010 earnings – the numbers
Read More...There was a lot of good news for Coventry Health last quarter, much due to what CEO Allen Wise called “unusually low medical trend”. That said, 2011’s numbers are not likely to be as robust as this year, and Wise … Continue reading Coventry’s earnings – doing quite well
Read More...Coventry earnings call this morning was notable in at least two ways – more discussion about underlying cost drivers, utilization trends and management thereof, and the growing importance of low cost delivery systems from management. And more evidence that (most) … Continue reading Coventry – getting with the post-reform program
Read More...Coventry Health will be taking a $278 million charge against earnings to cover the company’s fine plus interest and legal costs resulting from last week’s Louisiana appellate courte ruling in a workers comp PPO network case. On a per-share basis, … Continue reading Coventry’s $278 million miscue
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