| | Business Summary | | WellPoint
Health
Networks,
Inc.
is
a
United
States
managed
healthcare
company.
The
Company
offers
a
broad
spectrum
of
network-based
managed
care
plans.
WellPoint
provides
these
plans
to
the
large
and
small
employer,
individual,
Medicaid
and
senior
markets.
The
Company's
managed
care
plans
include
preferred
provider
organizations,
health
maintenance
organizations
and
point-of-service
and
other
hybrid
plans
and
traditional
indemnity
plans.
In
addition,
the
Company
offers
managed
care
services,
including
underwriting,
actuarial
services,
network
access,
medical
cost
management
and
claims
processing.
The
Company
also
provides
a
broad
array
of
specialty
and
other
products,
including
pharmacy,
dental,
utilization
management,
life
insurance,
preventive
care,
disability
insurance,
behavioral
health,
COBRA
and
flexible
benefits
account
administration. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | WLP
offers
network-based
health
products
including
open
access
PPO,
POS
and
hybrid
products,
HMO
and
specialty
products
through
Blue
Cross
of
CA,
Blue
Cross
Blue
Shield
of
GA
and
UNICARE.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$5.76
billion.
Net
income
rose
20%
to
$196.4
million.
Results
reflect
large
group
segment
membership
growth
and
the
acquisitions
of
Cerulean
and
Rush
Prudential,
partially
offset
by
higher
costs
for
health
care
services
provided. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Leonard Schaeffer, 55
Chairman
of Directors and CEO | $4.8M | $6.4M | David Colby, 47
Exec.
VP and CFO | 1.1M | -- | Thomas Geiser, 50
Exec.
VP, Gen. Counsel and Sec. | -- | -- | David Helwig, 44
Exec.
VP, Large Group Division | -- | -- | Joan Herman, 47
Exec.
VP, Sr. Specialty and State-Sponsored Programs Bus.es | 1.2M | 146K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/wlp.gif)