Coventry Health Care Inc. / CVH
About Coventry Health Care Inc.
6705 Rockledge Dr., Suite 900, Bethesda, Md. 20817
www.cvty.com
| 301-581-0600
| Founded: 1986
Industry: Health Care | Category: Top 100 Companies
A large part of Coventry's year was spent on a national rollout of the Medicare Part D prescription drug benefit that began in January 2006. The company boasts that it ranks sixth among the private insurers providing the Part D plan.
Coventry said in February that it will buy Concentra Operating's workers' compensation managed-care business for $387.5 million. The Concentra units provide bill-review and case-management services, medical exams and pharmacy-benefits management for workers' compensation programs, which generated about $324 million in revenue in 2006, the companies said.
Coventry and Concentra, of Addison, Tex., expect the transaction, which is subject to regulatory approval, to close this year.
CEO: Dale B. Wolf
CEO: Dale B. Wolf
2007 Financial Data
Total employees: 10,250 | Local employees: 300Company Leadership
| Dale B. Wolf | CEO |
| Thomas P. McDonough | President |
| Harvey C. DeMovick Jr. | EVP |
| Francis S. Soistman Jr. | EVP |
| Shawn M. Guertin | EVP and CFO |
Source: Compensation data provided by Equilar, Inc..
|
Dale B. Wolf Chief Executive Officer |
$11,206,226 Salary: $925,000 |
Did You Know
Coventry Health Care Inc. is a managed-health-care firm that offers HMOs and insurance plans under various trade names. It has some of the highest profit margins in the business due to low administrative costs.