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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As Filed With the
Securities and Exchange Commission <BR>on
February 17, 2005  </FONT></P>





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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No.
333-_________ </FONT></P>


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<H4 ALIGN=CENTER>UNITED STATES<BR>SECURITIES
AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</H4>


<BR>
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<H2 ALIGN=CENTER>FORM S-8</H2>

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<H2 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 </FONT></H2>

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<H2 ALIGN=CENTER>AMERICAN HEALTHWAYS,
INC.</H2>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of
registrant as specified in its charter) </FONT></P>


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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Delaware</FONT><HR WIDTH="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of incorporation)
</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
</FONT></TD>
     <TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">62-1117144</FONT><HR WIDTH="80%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer Identification No.)
</FONT></TD></TR>

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<BR><BR>




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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">3841 Green Hills Village Drive<BR>Nashville, Tennessee</FONT><HR><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices)
</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="45%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>37215</FONT><HR><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)</FONT></TD></TR>

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<BR><BR>

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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="30%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">American Healthways, Inc.
<BR>1996 Stock Incentive Plan</FONT><HR><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Full title of the plan)</FONT></TD>
     <TD WIDTH="30%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>

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<BR><BR>

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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="30%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mary A. Chaput<BR>3841 Green Hills
Village Drive<BR>Nashville, Tennessee 37215</FONT><HR><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Name and address of
agent for service)</FONT></TD>
     <TD WIDTH="30%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>

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<BR>

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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="60%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
(615)&nbsp;665-1122</FONT><HR><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Telephone number, including area code, of
agent for service)</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>

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<H2 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF REGISTRATION FEE</FONT></H2>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600" ALIGN="CENTER">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Title of each class of securities to be registered</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Amount to be registered</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Proposed maximum offering price per share</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Proposed maximum aggregate offering price</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Amount of registration fee</FONT><HR WIDTH="70%"></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Common Stock</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">1,300,000 shares</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$31.00 (1)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$40,300,000 (1)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$4,743.31</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
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     <TD COLSPAN="9"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(1)&nbsp;&nbsp;The offering price is estimated solely for the purpose
of determining the amount of the registration fee in accordance with Rule 457(c) under the Securities Act of 1933 and is based on
the average of the high and low price per share of the Registrant&#146;s Common Stock as reported on NASDAQ on February 10, 2005.
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>






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<P STYLE="page-break-after:always">
</P>




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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>TABLE OF CONTENTS </FONT></H1>





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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
<A HREF="#signatures">SIGNATURES</A><BR><BR>
<A HREF="#exhibit_index">Exhibit Index</A>
<BR><BR>

<A HREF="ex-5_021505.htm">Ex-5</A> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Bass, Berry &amp; Sims PLC<BR>
<A HREF="ex-231_021505.htm">Ex-23.1 </A>&nbsp;&nbsp;Consent of Ernst &amp; Young LLP<BR>
<A HREF="ex-232_021505.htm">Ex-23.2 </A>&nbsp;&nbsp;Consent of Deloitte &amp; Touche LLP<BR>
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>








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<P STYLE="page-break-after:always">
</P>




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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration of
Additional Securities </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Registration Statement is filed pursuant to General Instruction E of Form S-8 for the
purpose of registering additional shares of common stock, $.001 par value, of American
Healthways, Inc., a Delaware corporation (the &#147;Registrant&#148;), for the
Registrant&#146;s 1996 Stock Incentive Plan, as amended. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Incorporation by
Reference of Earlier Registration Statements </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statements on Form S-8 (Registration Nos. 333-04615, 333-33336, 333-103510
and 333-113149) previously filed by the Registrant with the Securities and Exchange
Commission on May 28, 1996, March 27, 2000, February 28, 2003, and February 27, 2004,
respectively, are hereby incorporated by reference herein. </FONT></P>



<BR>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8. Exhibits.  </FONT></P>




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<TR VALIGN="BOTTOM">
     <TH><FONT SIZE="1">Exhibit Number</FONT><HR WIDTH="70%"></TH>
     <TH ALIGN="Center"><FONT SIZE="1">Description</FONT><HR WIDTH="100%"></TH></TR>

<TR VALIGN="TOP">
     <TD VALIGN="Bottom" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Opinion of Bass, Berry &amp; Sims PLC</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Ernst &amp; Young LLP</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Deloitte &amp; Touche LLP</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.3</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Bass, Berry &amp; Sims PLC (included in Exhibit 5)</FONT></TD></TR><TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">24</FONT></TD>
     <TD><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Power of Attorney (included on page II-3)</FONT></TD></TR>
</TABLE>



<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-2 </FONT></P>

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<P STYLE="page-break-after:always">
</P>
















<BR><BR>

<A NAME="signatures"></A>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Nashville, State of Tennessee, on
this 17th day of February, 2005. </FONT></P>





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     <TH><FONT SIZE="1"></FONT></TH>
     <TH><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center" WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><BR>
  <FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Right"><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AMERICAN HEALTHWAYS, INC.<BR><BR>By:&nbsp;<U>
&nbsp;&nbsp;&nbsp;/s/ Mary A. Chaput&nbsp;&nbsp;
&nbsp;</U></FONT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>Mary A. Chaput<BR>Executive Vice President and Chief
Financial Officer</FONT></TD></TR>

</TABLE>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, each person whose signature appears below hereby constitutes
and appoints Ben R. Leedle, Jr. and Mary A. Chaput, and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all
amendments to this Registration Statement, and to file the same, with the Securities and
Exchange Commission, granting unto said attorney-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary to be
done in and about the premises, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents,
or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated. </FONT></P>





<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600" ALIGN="CENTER">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Signature</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Title</FONT><HR WIDTH="100%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Date</FONT><HR WIDTH="70%"></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="28%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Ben R. Leedle, Jr.</U><BR>Ben R. Leedle, Jr.</FONT></TD>
     <TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President, Chief Executive Officer and Director (Principal Executive Officer)</FONT></TD>
     <TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center" WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Mary A. Chaput</U> <BR>Mary A. Chaput </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Executive Vice President and Chief Financial Officer<BR>
(Principal Financial Officer)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Alfred Lumsdaine</U><BR>Alfred Lumsdaine</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Senior Vice President and Corporate Controller (Principal Accounting Officer)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>





<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-3</FONT></P>

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<P STYLE="page-break-after:always">
</P>








<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600" ALIGN="CENTER">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Signature</FONT><HR WIDTH="70%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Title</FONT><HR WIDTH="100%"></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Date</FONT><HR WIDTH="70%"></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="28%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Frank A. Ehmann</U><BR>/s/ Frank A. Ehmann</FONT></TD>
     <TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director </FONT></TD>
     <TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center" WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Henry D. Herr</U> <BR>Henry D. Herr </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Mary Jane England, M.D.</U><BR>Mary Jane England, M.D.</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ C. Warren Neel</U><BR>C. Warren Neel</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ William C. O&#146;Neil, Jr.</U><BR>William C. O&#146;Neil, Jr.</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">February 17, 2005</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>

</TABLE>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-4</FONT></P>

<HR SIZE=3 COLOR=GRAY NOSHADE>

<P STYLE="page-break-after:always">
</P>




<A NAME="exhibit_index"></A>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="400">
<TR VALIGN="BOTTOM">
     <TH><FONT SIZE="1">Exhibit Number</FONT><HR WIDTH="70%"></TH>
     <TH ALIGN="Center"><FONT SIZE="1">Description</FONT><HR WIDTH="100%"></TH></TR>

<TR VALIGN="TOP">
     <TD VALIGN="Bottom" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Opinion of Bass, Berry &amp; Sims PLC</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Ernst &amp; Young LLP</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Deloitte &amp; Touche LLP</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.3</FONT></TD>
     <TD ALIGN="Left"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Bass, Berry &amp; Sims PLC (included in Exhibit 5)</FONT></TD></TR><TR VALIGN="TOP">
     <TD ALIGN="Center"><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">24</FONT></TD>
     <TD><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE="2">Power of Attorney (included on page II-3)</FONT></TD></TR>
</TABLE>










</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "forms-8_021505.htm", "description": "AMERICAN HEALTHWAYS, INC. FORM S-8", "secsgml_size_bytes": 27830}]
{"company-data": {"conformed-name": "AMERICAN HEALTHWAYS INC", "cik": "0000704415", "assigned-sic": "8090", "irs-number": "621117144", "state-of-incorporation": "DE", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-122881", "film-number": "05624515"}, "business-address": {"street1": "3841 GREEN HILLS VILLAGE DRIVE", "city": "NASHVILLE", "state": "TN", "zip": "37215", "phone": "6156651122"}, "mail-address": {"street1": "3841 GREEN HILLS VILLAGE DRIVE", "city": "NASHVILLE", "state": "TN", "zip": "37215"}, "former-company": {"former-conformed-name": "AMERICAN HEALTHCORP INC /DE", "date-changed": "19940211"}}
As Filed With the
Securities and Exchange Commission
on
February 17, 2005
Registration No.
333-_________
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
AMERICAN HEALTHWAYS,
INC.
(Exact name of
registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
62-1117144
(I.R.S. Employer Identification No.)
3841 Green Hills Village Drive
Nashville, Tennessee
(Address of Principal Executive Offices)
37215
(Zip Code)
American Healthways, Inc.
1996 Stock Incentive Plan
(Full title of the plan)
Mary A. Chaput
3841 Green Hills
Village Drive
Nashville, Tennessee 37215
(Name and address of
agent for service)
(615) 665-1122
(Telephone number, including area code, of
agent for service)
CALCULATION OF REGISTRATION FEE
Title of each class of securities to be registered
Amount to be registered
Proposed maximum offering price per share
Proposed maximum aggregate offering price
Amount of registration fee
Common Stock
1,300,000 shares
$31.00 (1)
$40,300,000 (1)
$4,743.31
(1)  The offering price is estimated solely for the purpose
of determining the amount of the registration fee in accordance with Rule 457(c) under the Securities Act of 1933 and is based on
the average of the high and low price per share of the Registrant's Common Stock as reported on NASDAQ on February 10, 2005.
TABLE OF CONTENTS
SIGNATURES
Exhibit Index
Ex-5
Opinion of Bass, Berry & Sims PLC
Ex-23.1
Consent of Ernst & Young LLP
Ex-23.2
Consent of Deloitte & Touche LLP
Registration of
Additional Securities
This
Registration Statement is filed pursuant to General Instruction E of Form S-8 for the
purpose of registering additional shares of common stock, $.001 par value, of American
Healthways, Inc., a Delaware corporation (the "Registrant"), for the
Registrant's 1996 Stock Incentive Plan, as amended.
Incorporation by
Reference of Earlier Registration Statements
The
Registration Statements on Form S-8 (Registration Nos. 333-04615, 333-33336, 333-103510
and 333-113149) previously filed by the Registrant with the Securities and Exchange
Commission on May 28, 1996, March 27, 2000, February 28, 2003, and February 27, 2004,
respectively, are hereby incorporated by reference herein.
Item 8. Exhibits.
Exhibit Number
Description
5
Opinion of Bass, Berry & Sims PLC
23.1
Consent of Ernst & Young LLP
23.2
Consent of Deloitte & Touche LLP
23.3
Consent of Bass, Berry & Sims PLC (included in Exhibit 5)
24
Power of Attorney (included on page II-3)
II-2
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Nashville, State of Tennessee, on
this 17th day of February, 2005.
AMERICAN HEALTHWAYS, INC.
By:
/s/ Mary A. Chaput
Mary A. Chaput
Executive Vice President and Chief
Financial Officer
KNOW
ALL MEN BY THESE PRESENTS, each person whose signature appears below hereby constitutes
and appoints Ben R. Leedle, Jr. and Mary A. Chaput, and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all
amendments to this Registration Statement, and to file the same, with the Securities and
Exchange Commission, granting unto said attorney-in-fact and agents full power and
authority to do and perform each and every act and thing requisite and necessary to be
done in and about the premises, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents,
or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Ben R. Leedle, Jr.
Ben R. Leedle, Jr.
President, Chief Executive Officer and Director (Principal Executive Officer)
February 17, 2005
/s/ Mary A. Chaput
Mary A. Chaput
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
February 17, 2005
/s/ Alfred Lumsdaine
Alfred Lumsdaine
Senior Vice President and Corporate Controller (Principal Accounting Officer)
February 17, 2005
II-3
Signature
Title
Date
/s/ Frank A. Ehmann
/s/ Frank A. Ehmann
Director
February 17, 2005
/s/ Henry D. Herr
Henry D. Herr
Director
February 17, 2005
/s/ Mary Jane England, M.D.
Mary Jane England, M.D.
Director
February 17, 2005
/s/ C. Warren Neel
C. Warren Neel
Director
February 17, 2005
/s/ William C. O'Neil, Jr.
William C. O'Neil, Jr.
Director
February 17, 2005
II-4
EXHIBIT INDEX
Exhibit Number
Description
5
Opinion of Bass, Berry & Sims PLC
23.1
Consent of Ernst & Young LLP
23.2
Consent of Deloitte & Touche LLP
23.3
Consent of Bass, Berry & Sims PLC (included in Exhibit 5)
24
Power of Attorney (included on page II-3)