Navigation Links
AMERIGROUP Updates 2008 Guidance to Reflect Yesterday's Federal Reserve Action
Date:3/19/2008

First Quarter Seasonality Consistent with Expectations

VIRGINIA BEACH, Va., March 19 /PRNewswire-FirstCall/ -- AMERIGROUP Corporation (NYSE: AGP) announced today that it has updated its guidance for the full year 2008 to $2.46 to $2.61 per diluted share from the previously announced range of $2.58 to $2.73 to reflect yesterday's Federal Reserve action reducing the Federal Funds Rate by 75 basis points, which will have a corresponding impact on market interest rates.

"Since we announced our initial 2008 guidance last October, the Federal Reserve has lowered the Federal Funds Rate substantially," said James W. Truess, AMERIGROUP's Executive Vice President and Chief Financial Officer. "We have been able to absorb previous rate cuts by the Federal Reserve in our guidance, we believe yesterday's action will further impact us during the remainder of 2008."

The Company also announced that, while the winter season is not yet complete, medical costs in the first quarter of 2008 have thus far been within the range of historical seasonal patterns. Based on paid claims data for the first two months of 2008, the Company's December 2007 reserves appear to be adequate.

2008 Outlook

AMERIGROUP's updated 2008 annual earnings estimates of $2.46 to $2.61 per diluted share are predicated on the following assumptions, among others:
-- Organic premium revenue growth is expected to be above 15%;

-- Investment income and other revenue growth is expected to be flat to

slightly above the prior year;

-- Health benefits ratio in the mid 83% range of premium revenues for the

full year;

-- Selling, general and administrative expenses below 12% of total

revenue; and

-
'/>"/>

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

Page: 1 2 3 4 5

Related medicine news :

1. AMERIGROUP Corporation to Present at the Lehman Brothers Global Healthcare Conference on March 20
2. Texas Senator Robert Duncan Honored as Champion for Children by The AMERIGROUP Foundation
3. AMERIGROUP Reports Q4 Net Income of $31.1 Million or $0.57 Per Diluted Share; Full-Year Net Income of $116.5 Million or $2.16 Per Diluted Share
4. Texas Senator Tommy Williams Honored as Champion for Children by the AMERIGROUP Foundation
5. AMERIGROUP Foundation Announces Winners of Word About Health Contest
6. AMERIGROUP Names Linda Whitley-Taylor as Executive Vice President, Associate Services
7. AMERIGROUP Community Care of Georgia Wins New Health Plan Accreditation from NCQA
8. AMERIGROUP Foundation Awards $100,000 to Grady Health System Foundation in Atlanta
9. AMERIGROUP Community Care Provides Doctors Office Makeover in Houston
10. AMERIGROUP Corporation to Present at the Merrill Lynch Health Services Investor Conference on November 27
11. AMERIGROUP Corporation to Present at the 2007 Credit Suisse Healthcare Conference on November 13
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/29/2014)... 2014 NAPW honors ... of Private Pediatrics of Palm Beach as ... recognized for leadership in pediatrics and family care with ... women in the country, spanning virtually every industry and ... a powerfully vibrant networking community with over 600,000 members ...
(Date:9/29/2014)... (PRWEB) September 29, 2014 Every autumn, ... school year, cross country running season takes off! Athletes ... fall cross country running season. Zensah®, the leading compression ... and compression socks for cross country ... country runners to reduce delayed onset muscle soreness (DOMS) ...
(Date:9/29/2014)... (PRWEB) September 29, 2014 Globally the ... and laptops provides the delivery of training, anyplace, anywhere, ... to adult, to raise and enhance one’s job skills, ... to obtain certification in your chosen field. , Government, ... compete effectively and at MMU we make it easy ...
(Date:9/29/2014)... Sleep deprivation is amongst the roughest facets ... can slumber soundly from 7 am to 7 pm without ... parents, the perfect sleeping baby is far from reality. It's ... After Felicia brought her daughter home from the hospital ... fall asleep without much effort. "Soon enough I discovered ...
(Date:9/29/2014)... 2014 In a position paper ... the efficacy and safety associated with the use of medical ... fatigue caused by a chronic disease. , “More and ... for severe arthritis symptoms,” explains Society president and CEO Janet ... to ensure that the scientific basis for the use of ...
Breaking Medicine News(10 mins):Health News:National Association of Professional Women Announces Dr. Natalie W. Geary, Owner / President of Private Pediatrics of Palm Beach, a 2014 Professional Woman of the Year 2Health News:Muscle Support and Style With New Compression Leg Sleeves For Cross Country Runners 2Health News:MyMobileUniversity invites Corporations, Government Public Agencies, Academia, NGOs’ to Transform Workforce Development by Continued Education, Learning to Impact Lives 2Health News:MyMobileUniversity invites Corporations, Government Public Agencies, Academia, NGOs’ to Transform Workforce Development by Continued Education, Learning to Impact Lives 3Health News:Mommy Blogger Offers Advice on Getting Your Baby to Sleep 2Health News:Mommy Blogger Offers Advice on Getting Your Baby to Sleep 3Health News:Arthritis Society calls for more research into medical cannabis and its impact on managing arthritis 2Health News:Arthritis Society calls for more research into medical cannabis and its impact on managing arthritis 3
... , Teens Likelier to Be Able to Get Prescription Drugs, ... NEW YORK, Sept. 23 Compared to teens who have frequent family ... than three per week) are twice as likely to use tobacco or marijuana; ... as likely to expect to try drugs in the future, according to ...
... NEW YORK, Sept. 22 The Freeplay Foundation announced today that ... meeting of the Clinton Global Initiative. The Foundation has pledged its ... energy Lifelight into a program benefiting 20,000 extremely poor women and ... women and girls will gain reliable, on-demand access to radio and ...
... quarantines all work to halt spread of viruses, review ... personal hygiene, mask-wearing and quarantines all help prevent the ... researchers now suggest that the latter three strategies should ... pandemics. , In an update of a 2007 study, ...
... ... nutritional supplements in battle against the deadly disease , ... Jacksonville, Fla. (Vocus) - A study released ... the United States and 35 million people worldwide are currently living with Alzheimer,s disease ...
... the ER, study finds , TUESDAY, Sept. 22 (HealthDay News) ... weather can cause their children,s asthma symptoms to flare up, ... humidity levels in the air rose by more than 10 ... degrees Fahrenheit in a single day, more children ended up ...
... CHARLOTTE, N.C., Sept. 22 MedCath Corporation (Nasdaq: ... services, predominately the diagnosis and treatment of cardiovascular disease, today ... and Chief Financial Officer effectively immediately. , , ... transformation strategy, as the company has expanded both the size ...
Cached Medicine News:Health News:CASA* Report Finds Teens Who Have Infrequent Family Dinners Likelier to Drink, Smoke, Use Marijuana 2Health News:CASA* Report Finds Teens Who Have Infrequent Family Dinners Likelier to Drink, Smoke, Use Marijuana 3Health News:CASA* Report Finds Teens Who Have Infrequent Family Dinners Likelier to Drink, Smoke, Use Marijuana 4Health News:CASA* Report Finds Teens Who Have Infrequent Family Dinners Likelier to Drink, Smoke, Use Marijuana 5Health News:Clinton Global Initiative Highlights the Freeplay Foundation as Featured Humanitarian Organization 2Health News:Clinton Global Initiative Highlights the Freeplay Foundation as Featured Humanitarian Organization 3Health News:Hand Washing 10 Times a Day May Help Keep Flu Away 2Health News:Report Finds Alzheimer's Killing More People Than Breast And Prostate Cancer Combined 2Health News:Report Finds Alzheimer's Killing More People Than Breast And Prostate Cancer Combined 3Health News:Report Finds Alzheimer's Killing More People Than Breast And Prostate Cancer Combined 4Health News:Report Finds Alzheimer's Killing More People Than Breast And Prostate Cancer Combined 5Health News:Rising Heat, Humidity Raise Risk of Asthma Flares 2Health News:Rising Heat, Humidity Raise Risk of Asthma Flares 3Health News:MedCath Names Art Parker Executive Vice President and Chief Financial Officer 2
(Date:9/29/2014)... 2014 Raritan Bay Medical Center announces it ... the social media website. Via Twitter, patients and families ... to customer service by using the handle @myrbmc ... accessibility from any device makes it an ideal tool ... patients and community.  Raritan Bay Medical Center has already ...
(Date:9/29/2014)... , Sept. 29, 2014  Diplomat, the ... Stephen Brown has been named chief information ... operations of the information technology department while being ... facilitating internal and external partnerships. Prior ... consultant specializing in the development of technology architectures ...
(Date:9/29/2014)... 29, 2014 Galmed Pharmaceuticals Ltd. (Nasdaq: ... company focused on the development and commercialization of ... liver diseases and cholesterol gallstones, announced today that ... Itamar Medical Ltd. (TASE: ITMR) ("Itamar Medical"), a ... cleared by the U.S. Food and Drug Administration, ...
Breaking Medicine Technology:@myrbmc: Healthcare Customer Service Support in 140 Characters or Less 2Diplomat names Stephen S. Brown chief information officer 2Galmed Pharmaceuticals and Itamar Medical to Collaborate on Assessing Aramchol's Effect on Endothelial Function 2Galmed Pharmaceuticals and Itamar Medical to Collaborate on Assessing Aramchol's Effect on Endothelial Function 3
... Mayo ClinicROCHESTER, Minn., March 23 Here are ... Mayo Clinic,s research magazine. You may cite and ... wish. Reprinting is allowed with proper attribution. Please ... policies permit: Visit http://discoverysedge.mayo.edu for subscription ...
... Each year in the United States more than 138,000 people ... cases account for 10 percent of the new total cancer ... of leukemia, the survival rate has not changed in the ... of Foundation Venture Capital Group, LLC, a New Jersey Health ...
Cached Medicine Technology:Discovery's Edge Spring Issue - http://discoverysedge.mayo.edu 2Foundation Venture Capital Group Invests in UMDNJ Company Working to Improve Leukemia Treatments 2
Standard arthroscope with telescope (4 mm) for large joints....
... Olympus TrueView II telescopes are based on a ... wide field of view allows a tremendous image ... supports easy navigation in the joint with less ... quick lock mechanism for tight and secure camera ...
... is a highly sensitive DR system. It ... and it is designed for most general ... in multiple wall stand and table configurations. ... CXDI-40C efficiently produces detailed patient images with ...
... The original ultrasonic cement ... having an 11-year clinical ... Large array of tool ... femoral applications, cemented and ...
Medicine Products: