As part of its third quarter earnings announcement, the company revealed that mega-health insurer Cigna is "winding down" its Healthways contract in 2012. Since Cigna accounts for about $110 million in revenue, loss of 17% of the top line was not good news for the company. Investors reacted by punishing Healthways with a 43% decline in the stock price, while S&P downgraded the company.
In the announcement linked above, Healthways points out that the future's quite bright because of the following market trends:
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