News Release

NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 22, 2007--Healthways (NASDAQ: HWAY), the nation's leading and largest provider of specialized, comprehensive Health and Care Support(SM) services, has been ranked No. 14 on the Forbes 200 Best Small Companies list for 2007.

"We are pleased to be recognized by Forbes as one of the best performing companies in the country," said Healthways President and CEO Ben R. Leedle, Jr. "We are excited about continuing to meet and exceed the high standards and expectations required for Forbes to consider our Company one of the best in America."

This marks Healthways' third appearance on the Forbes list. Healthways was ranked No. 9 in 2005, and No. 24 in 2004. To be eligible, companies must have revenues between $5 million and $750 million and share prices above $5 as of Oct. 1 -- companies also are ranked according to return on equity, as well as sustained sales and net profit growth over 12-month and five-year periods. Too much debt, signs of a downturn in the future or a whiff of legal troubles are all disqualifiers, according to Forbes, which also excludes banks, utilities and REITs.

About Healthways

Healthways, Inc. is the leading and largest provider of specialized, comprehensive Health and Care Support(SM) programs and services, including preventive health, outcomes-driven wellness, disease management and high-risk care management to health plans, employers and government. Healthways helps people lead healthier lives while reducing overall healthcare costs, providing people the support they need when they need it to enable them to make better choices and achieve better health outcomes. For more information, visit www.healthways.com.

CONTACT: Healthways
Kriste Goad, 615-263-7524 (o)
or 615-294-4771 (cell)
kriste.goad@healthways.com

SOURCE: Healthways