Health services firm Healthways, under fire from a major investor, put the best face on its earnings Thursday despite reporting a $9.6 million net loss for the quarter, noting that the company had signed 20 contracts in the first quarter and secured a deal with an unnamed Fortune 100 employer for services starting in the second quarter.
This latest deal will cover more than 300,000 eligible members, the company said in its earnings release. “This new contract is further evidence that large self-insured employers understand and embrace the value of our proprietary Well-Being Improvement Solution,” President and CEO Ben Leedle Jr. said in a news release.
Nashville-based Healthways reported a first-quarter net loss of $9.6 million compared with a net loss of $3.9 million in the same period last year. Revenue for the quarter hit $176.8 million, a 7% rise compared with $165.2 million in the same quarter last year.