EXHIBIT 99.1


                                                      (AMERICAN HEALTHWAYS LOGO)


FOR IMMEDIATE RELEASE                       Contact:   Mary Chaput
                                                       Chief Financial Officer
                                                       (615) 665-1122


                 AMERICAN HEALTHWAYS TO BROADCAST FIRST QUARTER
                      CONFERENCE CALL LIVE ON THE INTERNET

NASHVILLE, TENN. (DEC. 4, 2003) - American Healthways, Inc. (NASDAQ: AMHC) today
announced it will provide an on-line Web simulcast and rebroadcast of its first
quarter fiscal 2004 earnings release conference call. The Company intends to
issue its first quarter earnings release at approximately 4:00 p.m. ET, and the
call is scheduled to begin at 5:00 p.m. ET on Thursday, December 18, 2003.

         The live broadcast of American Healthways, Inc.'s quarterly conference
call will be available on-line by going to www.americanhealthways.com and
clicking on the link to Investor Relations, at www.streetevents.com, and at
www.fulldisclosure.com. The on-line replay will be available shortly after the
call at www.americanhealthways.com, www.streetevents.com, and
www.fulldisclosure.com through December 25, 2003. A telephone replay of the call
will also be available through December 25, 2003, at 719-457-0820, confirmation
number 653970.

         American Healthways is the nation's leading and largest provider of
specialized, comprehensive disease management, care enhancement and high-risk
health management services proven to improve the quality of health care and
lower costs. As of Aug. 31, 2003, the Company had 838,000 actual lives under
management nationwide. For more information visit www.americanhealthways.com.


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