First Health Announces Second Quarter Earnings Conference Call and Webcast

Investor Contact:
Joseph E. Whitters, CFO
(630) 737-7511

Media Contact:
Erin Gardiner
(630) 737-5016

FOR IMMEDIATE RELEASE

Register for Webcast

DOWNERS GROVE, IL – July 23, 2003 - First Health Group Corp. (NASDAQ: FHCC) will be hosting a conference call and webcast on Monday, July 28, at 9 a.m. Central Daylight Time, to discuss the company's second quarter results which will be released before the market opens.

This call is being webcast by CCBN and can be accessed at First Health’s website at www.firsthealth.com. The webcast is open to all interested parties on a listen-only basis. Individuals who listen to the call will be presumed to have read First Health's annual report or Form 10-K for the year ended December 31, 2002, and Quarterly Report on Form 10-Q for the three months ended March 31, 2003.

The webcast is also being distributed over CCBN’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN’s individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN’s Individual Investor Network. Institutional investors can access the call via CCBN’s password-protected event management site, StreetEvents (www.streetevents.com).