30 | AMERI­GROUP CORP.

Modern Healthcare - - HEALTHCARE’S HOTTEST -

WHAT IT DOES:

Part­ners with states to man­age health­care pro­grams for lower-in­come fam­i­lies and peo­ple with dis­abil­i­ties. HOW IT GREW:

Since 2007, Ameri­group has ex­panded its mar­ket from nine states to 14, spurring a 123% growth in rev­enue and adding more than 1 mil­lion ben­e­fi­cia­ries. The com­pany works with states to re­duce the cost of health­care for tax­pay­ers with­out re­ly­ing on in­di­vid­ual un­der­writ­ing or de­nial of pre-ex­ist­ing con­di­tions to save money, ac­cord­ing to a cor­po­rate fact sheet. Ameri­group’s growth led Wel­lPoint to en­ter into an agree­ment in July to pur­chase the com­pany for $4.9 bil­lion. At that time, Wel­lPoint’s then-pres­i­dent and CEO, An­gela Braly, was bullish about growth prospects. “We ex­pect Med­i­caid spend­ing un­der man­aged-care pro­grams to in­crease by nearly $100 bil­lion by the end of 2014,” she said in a con­fer­ence call with re­porters. Braly stepped down from her po­si­tions at Wel­lPoint in late Au­gust.

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