Sierra Health Services, Inc. is a managed healthcare organization that provides and administers the delivery of comprehensive healthcare programs with an emphasis on quality care and cost management. The Companys strategy has been to develop and offer a portfolio of managed healthcare products to employer groups and individuals. The Companys managed healthcare services are provided through a federally qualified health maintenance organization, managed indemnity plans, a subsidiary that administers a managed care federal contract for the Department of Defenses TRICARE program in Region 1, a third-party administrative services program for employer-funded health benefit plans and self-insured workers compensation plans and ancillary products and services that complement Sierras managed healthcare product lines.