Coventry Health Care, Inc

Industry: Accident & Health Insurance

Fortune Rank: 168

Coventry Health Care, Inc. is a managed health care company that provides comprehensive health benefits and services to employer and government-funded groups in the Midwest, Mid-Atlantic and Southeastern U.S. For the 6 months ended 6/30/05, revenues rose 24% to $3.22B. Net income rose 53% to $242.1M. Results reflect organic membership growth and acquisitions of First Health, and improved gross profit margins.

Coventry Health Care Inc. (Coventry) is a managed healthcare company with 2.5 million members as of December 31, 2004. It operates a portfolio of local market health plans serving 15 markets, primarily in the Mid-Atlantic, Midwest and Southeast United States. Its health plans are operated under the names Altius Health Plans, Carelink Health Plans, Coventry Health Care, Coventry Health and Life, Group Health Plan, HealthAmerica, HealthAssurance, HealthCare USA, OmniCare, PersonalCare, SouthCare, Southern Health and WellPath. In selected markets, it participates in Medicaid and Medicare Advantage programs. The Company's products include traditional health maintenance organization (HMO) products, preferred provider organizations (PPOs) and point of service (POS) products. Within these products, it also offers consumer-directed benefit options, including health reimbursement accounts (HRAs) and health savings accounts (HSAs). In January 2005, the Company acquired First Health Group Corp.

Coventry Health Care, Inc

Coventry Health Care, Inc is a Fortune 500 company. In 2010 Coventry Health Care, Inc was ranked number 168 on the Fortune 500 list, making it the 168th largest company in the United States when judged by revenue.

Coventry Health Care, Inc achieved revenue of $13,993.30 million in 2010 and earned a profit of $242.30 million.

Coventry Health Care, Inc' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 168th compared to 226th in 2009. This was based on its 2009 revenue of $11,914 million (a change of 2 million compared to 2010) and profits of $382 million (a change of $-140 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Coventry Health Care, Inc would be ranked 298th rather than 168th due to its profits of $242 in 2010.

Coventry Health Care, Inc Revenue* Profit* Fortune Ranking

* US$ Million

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