8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 24, 2004 (November 23, 2004)

American Healthways, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware(State or Other Jurisdiction of Incorporation) 000-19364(Commission File Number) 62-1117144(I.R.S. Employer Identification No.)

3841 Green Hills Village Drive
Nashville, Tennessee(Address of Principal Executive Offices)
37215(Zip Code)

        Registrant’s telephone number, including area code: (615) 665-1122

        (Former name or former address, if changed since last report)

TABLE OF CONTENTS

Ex-99.1 Press Release

Item 7.01 Regulation FD Disclosure.

      On November 23, 2004, American Healthways, Inc. announced that it will participate in the Merrill Lynch Health Services Investor Conference November 30th through December 1st in New York. Ben R. Leedle Jr., the Company’s president and chief executive officer, will present on Wednesday December 1st at 1:45 p.m. Eastern. The presentation will be broadcast live on the Web and will be available for replay at www.americanhealthways.com. A copy of the press release issued on November 23, 2004 is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

       (c)  Exhibits

Exhibit 99.1 Press Release.

SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

American Healthways, Inc.

/s/ Mary A. ChaputMary A. Chaput
Chief Financial Officer

      Date: November 24, 2004

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated November 23, 2004

EX-99

Exhibit 99.1  

FOR IMMEDIATE RELEASE Contact: Mary A. Chaput
Executive Vice President and
Chief Financial Officer
(615) 665-1122

AMERICAN HEALTHWAYS TO PRESENT AT MERRILL LYNCH
HEALTH SERVICES INVESTOR CONFERENCE

   Live Internet Broadcast, Replay of Presentation Available on Company’s Website

NASHVILLE, Tenn. – November 23, 2004 – American Healthways, Inc. (NASDAQ: AMHC) today announced that it will participate in the Merrill Lynch Health Services Investor Conference being held November 30^th through December 1^st in New York.

Ben R. Leedle Jr., the Company’s president and chief executive officer, will present on Wednesday December 1^st at 1:45 p.m. Eastern.

The presentation will be broadcast live on the Web and will be available for replay at www.americanhealthways.com. To view the presentation live, please visit the site at least 15 minutes in advance to download and install any necessary audio software.

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, 2004, the Company had over 1.3 million lives under management nationwide. For more information, visit www.americanhealthways.com.