Navigation Links
AMERIGROUP Provides Status on Tennessee Rate Increase and Effect on 2008 Guidance
Date:6/10/2008

VIRGINIA BEACH, Va., June 10 /PRNewswire-FirstCall/ -- AMERIGROUP Corporation (NYSE: AGP) announced today that it is suspending its full-year 2008 guidance of $2.35 to $2.45 per diluted share pending completion of its rate increase negotiations with the State of Tennessee. As previously announced, the Company will present at the Goldman Sachs Healthcare Conference on Wednesday, June 11.

In the first quarter of 2008, AMERIGROUP disclosed higher medical costs in the middle region of Tennessee due to private duty nursing expenses, which resulted in higher estimates for incurred costs in prior periods. Higher private duty nursing costs stem from program changes resulting from court orders predating the current program. These changes have resulted in comparatively generous benefits leading to higher utilization of home-based services by certain Medicaid beneficiaries. More specifically, the costs incurred by the dual-eligible population are significantly higher than the premiums currently received to provide this benefit. When the Company bid the middle region of Tennessee, the data book and bid range in the RFP for this benefit did not allow for current cost experience, and consequently, the Company is seeking an actuarially sound rate increase from the State.

Based on claims data through the first two months of the second quarter of 2008, the Company estimates that medical costs in Tennessee are higher than previously expected. Additionally, the Company expects to recognize unfavorable prior period development for Middle Tennessee in the second quarter. As disclosed in its first quarter earnings conference call, the Company has been in negotiations for a rate increase in Tennessee retroactive to April 1, 2008 to cover the increa
'/>"/>

SOURCE AMERIGROUP Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. AMERIGROUP to Acquire Memphis Health Plan
2. AMERIGROUP Corporation to Host Investor Day
3. AMERIGROUP Names Mary McCluskey, MD, Chief Medical Officer
4. AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
5. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 25
6. AMERIGROUP to Participate in National Disability Mentoring Day
7. AMERIGROUP Corporation to Present at the 2007 Credit Suisse Healthcare Conference on November 13
8. AMERIGROUP Corporation to Present at the Merrill Lynch Health Services Investor Conference on November 27
9. AMERIGROUP Community Care Provides Doctors Office Makeover in Houston
10. AMERIGROUP Foundation Awards $100,000 to Grady Health System Foundation in Atlanta
11. AMERIGROUP Community Care of Georgia Wins New Health Plan Accreditation from NCQA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/26/2014)... 2014 Parker & Sons, Inc. ... in heating, cooling and plumbing contractor services throughout ... services in 2014 with regard to air-conditioning systems. ... is known for its incredibly hot summers. Working ... intricacies and details of a wide variety of ...
(Date:12/25/2014)... 2014 The click strand ... strength and durability. Today, the business announces a ... valid until Jan. 30, 2015. , Click strand ... hardwood. BambooFlooringChina.com is a well-known brand in the ... to find a reliable bamboo flooring supplier. , ...
(Date:12/25/2014)... 2014 Product liability lawsuits filed in ... ( http://www.consumerinjurylawyers.com/DePuy/ ) continue to move forward in federal ... issued in the U.S. District Court, Northern District of ... open conference on January 7, 2015, at the Paul ... West Palm Beach, Florida. The Conference is scheduled to ...
(Date:12/25/2014)... Recently, Dylan Queen, a famous online company supplying ... of discounted prom dresses, most of which are priced ... the company, the promotion is valid until Jan. 22, ... the UK market. , The prom dresses in this ... styles: A-line strapless, empire strapless chiffon, one shoulder, floor-length, ...
(Date:12/25/2014)... sells many bamboo products and the business is famous ... announces big discounts on its bamboo mats , which ... the world’s leader in bamboo flooring. According to the ... 2015. , The bamboo mats are made from well-treated ... the bamboo strips for the mats are boiled and ...
Breaking Medicine News(10 mins):Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 2Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 3Health News:BambooFlooringChina.com: click strand woven bamboo flooring promotion valid until Jan. 30, 2015. 2Health News:Federal Court Overseeing DePuy ASR Hip Lawsuit Set to Convene Conference in January, Bernstein Liebhard LLP Reports 2Health News:Federal Court Overseeing DePuy ASR Hip Lawsuit Set to Convene Conference in January, Bernstein Liebhard LLP Reports 3Health News:Dylan Queen: Cheap Prom Dresses for the UK Market 2Health News:Various Styles of Bamboo Mats in Many Colors from BambooFlooringChina.com 2
... , Effort aims to ... and professionals and pursue a co-operative and collaborative approach to ... , WASHINGTON, Aug. 4 The National ... a formal Memorandum of Understanding with two like-minded organizations--the Canadian ...
... , INDIANAPOLIS, Aug. 4 Arcadia Resources, Inc. ... innovative consumer health care services under the Arcadia HealthCare(SM) brand, ... provider Comfort Keepers((R) )to provide DailyMed(TM) for Comfort Keepers franchisees ... the program with Comfort Keepers will launch this month and ...
... , , , GLENWOOD, ... a recognized leader in personal and environmental radiation monitoring services, today reported financial ... , , Fiscal 2009 Third Quarter Highlights , ... to $23.5 million on continued global demand for InLight products and increased domestic ...
... , , CARLSBAD, Calif., Aug. ... leader in antisense therapeutics, today announced that management will present a ... on Tuesday, August 11, 2009, at 1:00 p.m. ET at the ... webcast of the presentation will be available on the "Investors & ...
... , , , ... GOHE) is pleased to advise the nutrition and investing community that ... Releases and corporate activities, are easily accessible by simply Googling Cholesterade(R). ... searching for recent updates on Go Healthy and/or its products, we ...
... , , HUNTINGTON ... sports water , is targeting the Southern California ... events throughout the late summer and fall. , ... the most demanding environments, from professional sporting events to serious amateur ...
Cached Medicine News:Health News:The National Health Care Anti-Fraud Association Signs Memorandum of Understanding With Canadian and European Anti-Fraud Organizations 2Health News:The National Health Care Anti-Fraud Association Signs Memorandum of Understanding With Canadian and European Anti-Fraud Organizations 3Health News:Arcadia HealthCare's DailyMed(TM) Signs Deal with Comfort Keepers(R), A Leading Provider of In-Home Care 2Health News:Arcadia HealthCare's DailyMed(TM) Signs Deal with Comfort Keepers(R), A Leading Provider of In-Home Care 3Health News:Arcadia HealthCare's DailyMed(TM) Signs Deal with Comfort Keepers(R), A Leading Provider of In-Home Care 4Health News:Arcadia HealthCare's DailyMed(TM) Signs Deal with Comfort Keepers(R), A Leading Provider of In-Home Care 5Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 2Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 3Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 4Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 5Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 6Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 7Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 8Health News:Landauer, Inc. Reports Fiscal 2009 Third Quarter Results 9Health News:Go Healthy's Marquis Product Cholesterade(R) at Your Fingertips on Google 2Health News:AquaHydrate, First High Performance Sports Water, Targets So Cal Sports Market With Summer Event Support 2Health News:AquaHydrate, First High Performance Sports Water, Targets So Cal Sports Market With Summer Event Support 3
(Date:12/24/2014)... , Dec. 24, 2014  Actavis plc (NYSE: ... Company has received a complete response letter from ... its New Drug Application (NDA) for the fixed-dose ... treatment of hypertension.   Photo - ... disappointed in the receipt of a complete response ...
(Date:12/24/2014)... 2014 Soligenix, Inc. (OTCQB: SNGX) (Soligenix ... products that address unmet medical needs in the ... that on December 24, 2014 it closed its ... Company raised approximately $2.3 million in gross proceeds ... net proceeds from the offering to fund its ...
(Date:12/24/2014)... N.J. and FARMINGTON, Conn. ... Technologies, Inc. (NYSE MKT: PTN), a biopharmaceutical company ... of diseases with significant unmet medical need and ... on a private placement of 2,050,000 shares of ... purchase 24,949,325 shares of its common stock.  Funds ...
Breaking Medicine Technology:Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 2Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 3Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 4Soligenix Announces Closing of Public Offering of Units 2Soligenix Announces Closing of Public Offering of Units 3Palatin Completes $20 Million Equity and $10 Million Debt Financings 2Palatin Completes $20 Million Equity and $10 Million Debt Financings 3Palatin Completes $20 Million Equity and $10 Million Debt Financings 4
... 2007 - Enzon,Pharmaceuticals, Inc. (Nasdaq: ENZN) announced today ... at the 2007,Annual Meeting of the American Association ... 14 - 18, 2007 in Los Angeles, CA., ... -- Abstract #1494: EZN-2208, a novel polyethyleneglycol-SN38,conjugate, has ...
... 13, 2007,/PRNewswire-FirstCall/ -- Sunesis Pharmaceuticals, Inc. today,announced that ... Meeting,of the American Association for Cancer Research (AACR) ... , Data being presented in a poster session ... selective and potent,inhibitor of cyclin-dependent kinases (CDKs) 2, ...
Cached Medicine Technology:Enzon to Present Preclinical Data From PEG-SN38 and PEGylation,Technology Studies at AACR Meeting 2Sunesis Pharmaceuticals to Present Data at the Annual Meeting of,the American Association for Cancer Research 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: