Coventry Health Care
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Coventry Health Care
6705 Rockledge Dr., Ste. 900, Bethesda, MD USA
20817
301-581-0600
http://www.coventryhealthcare.com
Type:
Public NYSE: CVH
Coventry Health Care is a U.S. health insurance company with more than 4.6 million customers mainly in the Midwest, Mid-Atlantic, and Southeast states. "It offers HMO, PPO, and point-of-service (POS) plans to employer groups, as well as Medicare Advantage, Medicare prescription drug coverage, Medicaid managed care plans, and other coverage directly to individuals. Its Specialty unit administers (but doesn't underwrite) workers' compensation programs, providing services such as bill review and case management to insurers and employers; it also administers network rental and pharmacy benefit programs."[1]
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[edit] Criticism
[edit] Worker Rights
- Chief Executive Officer Dale B. Wolf had total pay of $11,018,797 in 2008 according to the AFL-CIO Executive PayWatch Database. In 2007, he made about the same, $11,206,226.[2]
[edit] Business Ethics
- Coventry Along with other Insurance Companies in Price Fixing Fraud, March 19, 2008. A class action lawsuit was brought against Humana Inc. and other insurers, saying that the companies engaged in a conspiracy to suppress payments to physicians. Blue Cross and Blue Shield of Kansas City, United Healthcare and Coventry Health Care of Kansas Inc. were also named as defendants in the class action suit filed in 2005. The suit said that the business practices of the health insurers violated antitrust laws by fixing prices and engaging in other monopolistic behavior, such as refusing to negotiate reasonable reimbursements."
[edit] Brands and Subsidiaries
- Altius, Carelink, CHC Casualty, Coventry Financial Management Services, Coventry Health and Life Insurance Company, First Health Group, Cambridge Life Insurance Company, FHC, Inc., First Health Life & Health Insurance Company[3]
