In today’s climate, transformation and evolution are
two important keys to growth and continued success for businesses.
Over the past three decades, First Health has continued to
transform and evolve to become today’s unique managed
care company working with clients to manage their total health
care cost trend. First Health’s continued growth through
new acquisitions has borne new ideas and improved ways of
managing care and costs.
| 2005 |
Acquired by
Coventry Health Care, to strengthen our financial
position and enhance our products and services, including
the First Health network. |
| 2004 |
Acquired COMP Medical Services,
creating First Health Priority Services, a division of
our workers’ compensation offering which allows
us to specialize in appointment setting for chronic pain
management, diagnostic imaging and electrodiagnostic procedures,
as well as Medicare set-aside allocations. |
| 2003 |
Acquired Health Net Employer
Services, Inc. (Health Net Plus Managed Care Services,
Inc. and Health Net CompAmerica, Inc.) to strengthen
the First Health workers’ compensation product offering
and enable us to offer a California HCO. |
| 2003 |
Acquired PPO Oklahoma
to enhance the First Health network in the Oklahoma region. |
| 2002 |
Acquired Claims Administration
Corporation, the operational and administrative
assets of CNA, to ensure seamless delivery of service
to the Mail Handlers Benefit Plan. |
| 2002 |
Acquired HealthCare VALUE
Management, Inc. enhanced the First Health network
in the New England region. |
| 2001 |
Acquired CCN Managed Care,
Inc., allowing us to grow our national network
and expand our market presence in the auto, group health,
TPA and carrier markets. |
| 1998 |
HealthCare COMPARE
changed its name to First Health to reflect the depth
and wide range of comprehensive services we offer to the
group health and workers compensation sectors. |
| 1997 |
Acquired FIRST HEALTH (founded
in 1960), rounding out our group health offering
to include complete health plan services from a single
source, including claims administration and pharmacy benefits
management, an integral component of effective disease
management. |
| 1996 |
Acquired American Life &
Health Insurance Company (est. 1925) and First Health
Life and Health Insurance Company, enabling First
Health to underwrite medical stop-loss insurance. |
| 1992 |
Acquired Occupational-Urgent
Care Health (OUCH) Systems, Inc. giving us the
capability of combining bill review expertise with the
strength of our national network and clinical management
services. |
| 1983 |
Acquired AFFORDABLE Health
Care Concepts, a regional PPO founded in 1983.
With this acquisition, we started building the nation's
largest directly contracted network of hospitals, physicians
and allied health care professionals. This enabled us
to address the cost of services being provided to our
clients' plan members, in addition to the volume of services
we were already managing. |
| 1982 |
HEALTHCARE COMPARE is
founded by Dr. Robert Becker, a practicing physician,
as a utilization review company, differentiated by a
high level of physician-to-physician consultation. The
primary focus of services was managing the volume of
care being recommended. |
