BNET Industries

Market Cap:$1.3B
Last Fiscal Year Sales:$4.5B
  • Public
  • US
Dow Jones Description

Public Managed Healthcare Provider

Chief Executive Officer
Jeffrey L McWaters
Number of Employees 2,700
Contact Information

4425 Corporation Ln

Suite 100

Virginia Beach, Virginia 23462

myamerigroup.co...

(757) 490-6900

NAICS Code Direct Health and Medical Insurance Carriers: 524114

Recent Events

  • Column: Contract stalemate limits some TennCare patients

    12/09/09 - Joint Venture / Alliance - View Story

  • Vital Data Technology Inks Pact with Amerigroup

    11/24/09 - Joint Venture / Alliance - View Story

  • BMO Capital Downgrades AMERIGROUP AGP to Market Perform

    11/02/09 - Bond / Stock Rating - View Story

  • Swine-flu costs have put dent in profits, Amerigroup says

    10/27/09 - Merger / Acquisition - View Story

  • Centene, Amerigroup settle dispute

    10/27/09 - Merger / Acquisition - View Story

  • Swine flu may infect insurers' earnings

    11/01/09 - Financial Announcement - View Story

  • Centene, Amerigroup settle dispute

    10/26/09 - Legal Settlement - View Story

  • Market Report -- In Play CNC

    10/26/09 - Legal Settlement - View Story

  • UPDATE: Amerigroup Warning Reflects Health Plans' H1N1 Risk

    10/26/09 - Financial Announcement - View Story

  • AMERIGROUP Appoints Timothy McDonald As SVP, Strategic Market Initiatives - Quick Facts

    9/23/09 - Mgmt. Change Entering - Vice President - View Story

  • Oppenheimer & Co. maintains AMERIGROUP at 'outperform'

    9/17/09 - Bond / Stock Rating - View Story

  • Amerigroup Corp. lowers 2009 profit outlook

    9/17/09 - Financial Announcement - View Story

  • AMERIGROUP EVP to resign; board authorizes increase in stock repurchase program

    8/12/09 - Mgmt. Change Leaving - Vice President - View Story

  • AMERIGROUP Corporation Elects Hala Moddelmog to Board of Directors

    8/05/09 - Board Member - Entering - View Story

News & Analysis

amerigroup corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jeffrey L McWaters Chief Executive Officer
Julie C. Locke Chief Executive Officer, mid-Atlantic Region
Eric M. Yoder Chief Medical Officer
James W. Truess Chief Financial Officer
John E Littel Chief Compliance Officer and Senior Vice President, Business Ethics
Kathleen K Toth Chief Accounting Officer
Leon A. Root Chief Information Officer
Margaret M. Roomsburg Cao
Mary McCluskey MD Executive Vice President and Chief Medical Officer
Richard C Zoretic Executive Vice President, Chief Marketing Officer
Catherine S Callahan Executive Vice President, Associate Services
Janet M Brashear Executive Vice President, Strategic Planning
Linda Whitley-Taylor Executive Vice President, Associate Services
Stanley F Baldwin Executive Vice President
Steven B. Larsen Executive Vice President, Health Plan Operations
William T. Keena Executive Vice President, Support Operations
Brian Wise Vice President Health-plan Operations, Virginia
Tuan Nguyen Vice President, It Security and Compliance, Amerigroup Corporation
Nancy L Grden Executive Vice President and Executive Director, AMERIGROUP Public Policy Institute
Cynthia Feiden-Warsh
Lyndon Remias Senior Operational Auditor
Carlos A Ferrer Director
William J. Mcbride Director
Peter Wendell Investor

Board of Directors

Name (plus bio) Position
Uwe E. Reinhardt PhD Nominating and Corporate Governance Committee Chairman
Emerson U. Fullwood Board Director
Jeffrey B. Child Board of Directors
Kay Coles James Board Director
Richard D. Shirk Board of Directors
Thomas E. Capps Board Director

Organization Position Status
Amerigroup Corporation Chief Executive Officer Current
Amerigroup Corporation Board Chairman Current
Amerigroup Corporation Founder Former
Cigna HealthCare Senior Executive Positions Former
Amerigroup Corporation Board Director Former

Organization Position Status
Amerigroup Corporation Chief Executive Officer, mid-Atlantic Region Current
Anthem Insurance Companies, Inc. Regional Vice President, Commonwealth Business, Blue Cross & Blue Shield Former

Organization Position Status
Amerigroup Corporation Chief Medical Officer Current
Amerigroup Corporation Executive Vice President, Health Plan Operations & Healthcare Delivery Systems Former

James W. Truess is Executive Vice President and Chief Financial Officer of AMERIGROUP, overseeing all aspects of the Company’s financial operations. Mr. Truess has enjoyed a two-decade career in financial roles, including the past 18 years in the managed care industry, and the last 11 years as a Chief Financial Officer. Prior to joining AMERIGROUP, he served as Executive Vice President, Chief Financial Officer and Treasurer of Group Health Cooperative, one of the largest vertically integrated health maintenance organizations in the country. Mr. Truess holds a master’s degree in Finance from Seattle University and a bachelor’s degree in business administration from the University of Washington. He is a Chartered Financial Analyst (CFA) charterholder.

Organization Position Status
Amerigroup Corporation Chief Financial Officer Current
Amerigroup Corporation Executive Vice President Current

John R. Finley is Chief Compliance Officer and Senior Vice President, Business Ethics for AMERIGROUP Corporation. In this position, Mr. Finley is responsible for the Office of Business Ethics and all compliance-related functions within the organization, including oversight of Risk Control Compliance Officers companywide. Prior to joining AMERIGROUP, Mr. Finley was the Associate Vice Chancellor and Chief Compliance Officer at the University of Kansas Medical Center, including serving as Co-Chair of the Association of Academic Health Centers (AAHC) Forum on Regulation. He joined the University of Kansas from his position at the U.S. Food and Drug Administration (FDA), where he worked in the Office of the Commissioner as Special Assistant to the Deputy Commissioner for Policy, and as Regulatory Counsel at FDA’s Center for Drug Evaluation, Office of Compliance. Mr. Finley also served in the Executive Office of the President of the United States, Office of Management and Budget (OMB) as a Presidential Management Fellow. An active member of the Oklahoma Bar Association, Mr. Finley received his undergraduate degree from the University of Tulsa and a law degree and master’s of public health from the University of Oklahoma.

Organization Position Status
Amerigroup Corporation Chief Compliance Officer and Senior Vice President, Business Ethics Current
Amerigroup Maryland, Inc. Executive Vice President, External Relations Current
Amerigroup Corporation Executive Vice President, External Relations Former
Heritage Foundation Deputy Director of the Citizenship Project Former
Commonwealth of Virginia Deputy Secretary of Health and Human Resources Former
Heritage Foundation Counsel Former
Heritage Foundation Board of Directors Former
Human Resources Incorporated Board of Directors Former
Health-Corp Board of Directors Former

Organization Position Status
Amerigroup Corporation Chief Accounting Officer Current
Amerigroup Corporation Executive Vice President Former

Leon A. Root is Executive Vice President and Chief Information Officer of AMERIGROUP Corporation. In this role, he is responsible for the information systems and strategies to meet organizational business goals. Mr. Root joined the Company in 2002 as Chief Technology Officer. Previously, he served as Chief Information Officer at Medunite, Inc., a private e-commerce company founded by Aetna, Cigna, PacifiCare Health Systems and five other national managed care companies. Medunite focuses on secure web-enabled administrative transactions and services for healthcare constituents. At Medunite, he was responsible for the information technology and operations division. Also, he was the Senior Vice President/General Manager at McKesson HBOC’s business systems division. Mr. Root began his career as systems architect at Eastman Kodak. He earned his master’s of science in Business Administration from Pennsylvania State University.

Organization Position Status
Amerigroup Corporation Chief Information Officer Current
Amerigroup Corporation Executive Vice President Current
Medunite CIO Former
Medunite Senior Vice President Former

Margaret M. Roomsburg is Senior Vice President and Chief Accounting Officer of AMERIGROUP Corporation. Ms. Roomsburg joined AMERIGROUP in 1996 and has served as Controller since 1999. Effective February 1, 2007, Ms. Roomsburg was named Senior Vice President and Chief Accounting Officer. Ms. Roomsburg is a Certified Public Accountant. Prior to joining AMERIGROUP, she was the Director of Finance for ValueOptions, Inc. (formerly Options Mental Health).

Organization Position Status
Amerigroup Corporation Cao Current
Amerigroup Corporation Senior Vice President Current

Mary McCluskey, MD is Executive Vice President and Chief Medical Officer for AMERIGROUP, overseeing healthcare services for the Company’s 1.7 million members. Prior to AMERIGROUP, Dr. McCluskey served in a variety of senior medical positions with Aetna Inc., most recently as Chief Medical Officer, Northeast Region. In this role, she was the senior clinical and medical quality leader for a division that provided health insurance for 2.4 million people through employer-sponsored and Medicare programs. Under her guidance, the company’s Northeast region earned an excellent accreditation rating from the National Committee for Quality Assurance. Her previous positions at Aetna included National Medical Director/Head of Clinical Cost Management and Senior Regional Medical Director, Southeast Region. Prior to Aetna, Dr. McCluskey was Vice President of Medical Affairs for Medpartners Medical Management in Tampa. She previously served as Internist/Medical Director of Bridgeton Health Center in St. Louis. Dr. McCluskey began her career as an Urgent Care Physician in St. Louis. A graduate of St. Louis University and the St. Louis University School of Medicine, she completed her residency in Internal Medicine at Jewish Hospital/Washington University in St. Louis.

Organization Position Status
Amerigroup Corporation Executive Vice President and Chief Medical Officer Current

Richard C. Zoretic is Executive Vice President and Chief Operating Officer of AMERIGROUP Corporation. In this role, he is responsible for AMERIGROUP’s health plan operations in 11 states, with the Company’s four regional Chief Executive Officers -- Northeastern, Mid-Atlantic, Southeastern, Southwestern -- reporting directly to him. In addition, Mr. Zoretic oversees the Company’s Healthcare Management Services, Healthcare Delivery Systems, Medical Finance and Customer Service operations. With over 28 years of management experience in healthcare finance and insurance, Mr. Zoretic joined AMERIGROUP from CIGNA Dental Health, a national dental benefits provider, where he served as Senior Vice President, Network Operations and Distribution. From 1994 to 2000, he held a variety of leadership positions at UnitedHealth Group, including Regional President of United Healthcare’s Mid-Atlantic operations, Senior Vice President of Corporate Sales and Marketing and President of the company’s Middle Market Business, where he had overall responsibility for United Healthcare’s largest commercial market segment. Mr. Zoretic began his career in 1980 with MetLife’s Group Life & Health operations where he held a series of positions of increasing responsibility over a 13-year period. He has also served as a management consultant in Deloitte Consulting’s healthcare practice, with clients including Aetna, Kaiser, Anthem and several Blue Cross and Blue Shield organizations. He joined AMERIGROUP in 2003 as Senior Vice President and Chief Marketing Officer. Mr. Zoretic earned a degree in finance at Pennsylvania State University.

Organization Position Status
Amerigroup Corporation Executive Vice President, Chief Marketing Officer Current

Organization Position Status
Amerigroup Corporation Executive Vice President, Associate Services Current
FHC Health Systems Inc. Chief Administrative Officer Former

Organization Position Status
Amerigroup Corporation Executive Vice President, Strategic Planning Current

Linda Whitley-Taylor is Executive Vice President, Associate Services for AMERIGROUP Corporation. In this position, Ms. Whitley-Taylor is responsible for Associate Services functions and programs including human resources, Associate policy development, compensation and benefits administration, travel and events planning, and training and leadership development. She has two decades of experience in the field of human resources and talent development. Ms. Whitley-Taylor came to AMERIGROUP from Genworth Financial, where she served as Senior Vice President, Human Resources Operations at the company’s Richmond, Va., headquarters. At Genworth, her roles in human resources, training and quality steadily increased in responsibilities and scope, ultimately resulting in oversight of human resources operations for 6,500 employees in 24 countries. In addition to her international experience, Ms. Whitley-Taylor has significant expertise in talent development and people strategy initiatives and is a Six Sigma Master Black Belt.

Organization Position Status
Amerigroup Corporation Executive Vice President, Associate Services Current

Stanley F. Baldwin is Executive Vice President, General Counsel and Secretary for AMERIGROUP Corporation. He has in excess of three decades of experience providing legal services to corporations in the areas of business law, securities regulation, insurance, managed care and corporate finance. In addition to managing the Company’s legal affairs, Mr. Baldwin is responsible for the regulatory compliance, internal audit and corporate investigations functions. Prior to joining the Company, Mr. Baldwin served as a senior officer and general counsel of Epic Holdings, Inc., EQUICOR - Equitable HCA Corporation and CIGNA Healthplans, Inc.

Organization Position Status
Amerigroup Corporation Executive Vice President Current
Amerigroup Corporation General Counsel Current
Amerigroup Corporation Secretary Current
HCA Inc. Senior Management Positions Former

Organization Position Status
Amerigroup Corporation Executive Vice President, Health Plan Operations Current
Amerigroup Maryland, Inc. CEO Former
Amerigroup Maryland, Inc. President Former
Saul Ewing Llp Partner Former

Organization Position Status
Amerigroup Corporation Executive Vice President, Support Operations Current

Organization Position Status
Amerigroup Corporation Vice President Health-plan Operations, Virginia Current
Coventry Health Care of Nebraska, Inc. Vice President, Business Development Former

Organization Position Status
Amerigroup Corporation Vice President, It Security and Compliance, Amerigroup Corporation Current

Nancy L. Grden is Executive Vice President for AMERIGROUP Corporation. She is responsible for leading the Company’s Public Policy Institute, the AMERIGROUP Foundation, public policy and partnerships, eHealth and branding. She previously served as the Company’s Chief Marketing Officer responsible for growth and product development. Ms. Grden has extensive leadership experience across several industries in building and launching new ventures, new product and service development, marketing, public policy, and public-private partnerships. Prior to joining AMERIGROUP, she was Founder and President of Avenir, LLC, providing consulting and interim executive services to new ventures, as well as Chief Executive Officer for Lifescape, LLC, a web-based behavioral health services company. She also served as Executive Vice President and Chief Marketing Officer for FHC Health Systems, parent company of ValueOptions. Previously, Ms. Grden was Executive Vice President, Marketing Services for NationsBank, before the firm became part of Bank of America. She also has public sector background with university, federal government and state government positions. Ms. Grden has a master’s degree in Business Administration from the University of South Carolina, a master’s of Urban and Regional Planning from the University of North Carolina, a bachelor’s degree in economics from Bucknell University, and is a graduate of the Stonier Graduate School of Banking at the University of Delaware.

Organization Position Status
Amerigroup Corporation Executive Vice President and Executive Director, AMERIGROUP Public Policy Institute Current
Avenir Corporation President Former
ValueOptions, Inc. Chief Marketing Officer Former
Amerigroup Corporation Chief Marketing Officer Former
ValueOptions, Inc. Executive Vice President Former
Avenir Corporation Founder Former

Ms. Feiden-Warsh recently joined Amerigroup as a Vice President for Government Markets. Amerigroup is the largest health plan working exclusively in the Medicaid market, providing services to women and children, disabled individuals and the elderly. From 2001 to March 2006, Ms. Feiden-Warsh was the Vice President of Development for Government Programs at Lumenos and prior to that the Vice President of Sales for the Mid-Atlantic and Northeast regions. Lumenos is a subsidiary of Wellpoint and was one of the pioneers in the field of consumer driven health. Previously she held the positions of Senior Vice President for Public Sector Sales and Senior Vice President for Public Sector Product Development at ValueOptions, the largest behavioral health management company. She spent 14 years working for the State of New York in a variety of senior health policy positions, including Executive Director of the Governor's Health Care Advisory Board and Chief of Staff at the Office of Mental Health. She holds a Master of Social Work Degree from New York University.

Organization Position Status
Amerigroup Corporation Current
Bwell Internationaltm Current
Lumenos Vice President of Development Former
New York University Master of Social Work Degree Former

Organization Position Status
Francis Land House City Auditor Current
Amerigroup Corporation Senior Operational Auditor Current
Virginia Beach School Supt Board of Directors Current
Old Dominion University Former

Organization Position Status
University of Cambridge Senior Associate Current
Princeton University Professor , Political Economy Current
Duke University Trustee Current
Duke University Health System Trustee Current
National Academy of Sciences Current
Amerigroup Corporation Nominating and Corporate Governance Committee Chairman Current
Ferrer, Freeman & Company, Inc. Board of Directors Current
Boston Scientific Corporation Board of Directors Current
Duke University Member, Board of Trustees Current
Duke University Health System Member, Board of Trustees Current
Triad Hospitals, Inc. Director Current
Hxti Board of Directors Current
Duke University Health System Trustee Current
Amerigroup Corporation Member Current
Triad Hospitals, Inc. Audit Committee Member Current
Guidant Corporation Board of Directors Former
Amerigroup Corporation Board Director Former
Princeton University Ph.D Former
Yale University Ph.D. Former
Yale University Master's Degree Former
University of Saskatchewan Bachelor In Commerce Degree Former

Carlos A. Ferrer is a founding member of Ferrer Freeman & Company, LLC. Prior to creating FFC, Mr. Ferrer was a Managing Director at Credit Suisse First Boston. From 1982 through 1995, he developed and served as Head of CSFB's Global Health Care Investment Banking Group. He is Vice Chairman of the Board of Trustees of the Cancer Research Institute, and a member of the Board of Directors of Ardent Health Services, LLC, Concentra, Medpointe Pharmaceuticals Inc., OrthoRx Corporation, Volcano Corporation, and Preferred Care Partners Holding, Corp. He graduated Princeton University in 1976.

Organization Position Status
Ferrer, Freeman & Company, Inc. Co-Founder Current
Ardent Health Services, LLC Partner Current
Ferrer, Freeman & Company, Inc. Board of Directors Current
Agamatrix, Inc. Director Current
Concentra Managed Care, Inc. Board of Directors Current
MedPointe Pharmacuticals Board of Directors Current
Bonita Bead Board of Directors Current
Preferred Care Partners Holding Corp. Board of Directors Current
Concentra, Inc. Director Current
Med-Pointe Director Current
Orthorx Director Current
Cancer Research Institute Vice Chairman Current
Amerigroup Corporation Director Current
Intelliclaim, Inc. Board of Directors Current
Ardent Health Services, LLC Board of Directors Current
Xcel Pharmaceuticals, Inc. Board of Directors Current
Preferred Care Partners Holding Corp. Member Current
Ardent Health Services, LLC Member Current
Ferrer, Freeman & Company, Inc. Member Current
Credit Suisse First Boston Corporation Managing Director Former
Ardent Health Services, LLC Manager Former
Ferrer, Freeman & Company, Inc. Founding Member Former
Concentra Operating Corporation Board of Directors Former
Princeton University B.A. Degree Former
Princeton University graduate Former
Amerigroup Corporation member Former

Retired Executive Chief Staff and Marketing Officer, North America, Xerox Corporation

Organization Position Status
Xerox Corporation Vice President & Chief of Staff & Marketing Current
Amerigroup Corporation Board Director Current

Chief Financial Officer of a family office Retired Director, U.S. Equity Capital Markets Banc of America Securities, LLC Audit Committee Nominating and Corporate Governance Committee

Organization Position Status
Amerigroup Corporation Board of Directors Current
FoxHollow Technologies, Inc. Board of Directors Current
Amerigroup Corporation Audit Committee Member Current
Superior Bancorp Managing Director Former
Banc of America Securities LLC Board Director Former
University of California, Davis B.S. In Chemical Engineering Former

Member, U.S. Department of Health and Human Services’ Medicaid Advisory Commission Former Director, U.S. Office of Personnel Management Former Assistant Secretary, U.S. Department of Health and Human Services Nominating and Corporate Governance Committee

Organization Position Status
Amerigroup Corporation Board Director Current

Organization Position Status
Amerigroup Maryland, Inc. Lead Independent Director Current
Myotn Chairman of Cerulean Companies, Inc. Current
Amerigroup Corporation Board of Directors Current
Amerigroup Maryland, Inc. Board of Directors Current
The Blue Cross Chief Executive Officer Former
Blue Shield LLC Chief Executive Officer Former
The Blue Cross President Former
Blue Shield LLC President Former
CIGNA Corporation Senior Executive Former
Cigna HealthCare Former

Retired Chairman and Chief Executive Officer, Dominion Resources, Inc. Compensation Committee

Organization Position Status
Dominion Clearinghouse CEO Current
Visitors Board of Directors Current
Amerigroup Corporation Board Director Current
The Shaw Group Inc. Board of Directors Current
Amerigroup Maryland, Inc. Board of Directors Current
Amerigroup Corporation Compensation Committee Member Current
Dominion Resources, Inc. Chief Executive Officer Former
Armstrong Energy Limited Partner L.L.P. CEO Former
Dominion Corporation, Inc. Former
Dominion Resources, Inc. Chairman Former
Dominion Resources, Inc. Board of Directors Former
The University of North Carolina at Chapel Hill Degrees Former

Organization Position Status
Dowling & Partners Current
Icore Healthcare, LLC. Board of Directors Current
Women's Health USA, Inc. Board of Directors Current
North Peak Capital LLC Board Member Current
World Fuel Services Corporation Board of Directors Current
Internet HealthCare Group Board of Directors Current
Amerigroup Corporation Director Current
VistaCare, Inc. Director Current
Evolution Benefits, Inc. Board of Directors Current
Magellan Health Services, Inc. Director Current
Icore Healthcare, LLC. Committee Member Current
Child & Family Support Services Committee Member Current
Value Health, Inc. President Former
CIGNA Corporation president Former
Value Health, Inc. Coo Former
Value Health, Inc. Vice President Former
Value Health, Inc. Director Former

Organization Position Status
Sierra Ventures Managing Director Current
Sierra Ventures Founder Current
Sierra Ventures General Partner Former
Teradata Corporation Director Current
NovaMed Inc. Director Current
Imarket, Inc. Director Current
On Assignment, Inc. Director Current
Fatbrain.com, Inc. Director Current
Pgi, Inc. Director Current
Amerigroup Corporation Investor Current
Healtheon Investor Current
Intuit, Inc. Investor Current
International Business Machines Corporation Executive Management Former
Stanford University Faculty Former
McKinsey & Company, Inc. Team Member Former
Harvard University MBA Former
Princeton University BA Former

Executive News

  • The Health Care Model That Works

    Forbes.com - 9/03/09 - View Story

  • Beyond Hysterics: The Health Care Model That Works

    Forbes.com - 9/02/09 - View Story

  • Tackling the Mystery of How Much It Costs

    New York Times - 8/20/09 - View Story

  • AMERIGROUP EVP to resign; board authorizes increase in stock repurchase program

    SNL Securities - 8/12/09 - View Story

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     AGP $26.03 -0.59 (-2.22% )
Average Volume 800,382
Shares Outstanding 51.09M
Market Cap 1.3B
Year High 32.4
Year Low 20.87
Earnings Per Share 2.76
P/E Ratio 9.43
Dividend N/A
Yield N/A
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