HealthPlan Services (HPS) will showcase its customized administration and distribution services and scalable technology solutions that deliver faster market entry, rapid growth, streamlined plan administration and reduced costs to carriers in the individual, group and voluntary markets during the American Health Insurance Plans (AHIP) Institute 2009, taking place June 3-5 in San Diego.
HPS, the nation’s largest independent provider of service and technology solutions to the insurance and managed care industry, will feature its offerings in booth #337 in the AHIP Institute exhibit hall. Attendees will have the opportunity to learn how HPS’ industry-leading management and processing expertise, proprietary technologies and dedicated resources can support plan changes, new consumer-driven initiatives and state expansions faster than an internal sourced solution.
“HealthPlan Services’ scalable processes and systems create cost-effective service solutions and achieve significant efficiencies in plan design and administration. As a result, we are able to deliver increased speed-to-market at costs that are often millions of dollars lower than would be possible with internal resources,” said Jeff Bak, President and CEO, HealthPlan Services. “This is particularly valuable for carriers seeking to enter or expand their presence in the individual and voluntary markets to capitalize on the growing shift from employer-sponsored coverage to individual-based plans.”
HPS provides carriers with a full scope of services that includes sales, marketing and distribution, benefits administration, and claims process and customer service. It also offers unique resources and capabilities that add exceptional value, including e-billing and list billing capabilities, as well as guaranteed improved sales closing ratios and member retention.
“Our dedication to creating customizable, cost-effective service and technology solutions that meet the specific business needs of our carrier partners is why HPS is the backbone for more than 30 leading insurance and managed care companies and has achieved a 98 percent partner retention rate,” said Bak.
In addition to learning more about HPS’ industry-leading service and technology solutions, AHIP Institute attendees can enter a drawing for a free GARMIN® navigation system by visiting the company’s booth (#337).
About HealthPlan Services (HPS)
HealthPlan Services (healthplan.com), a Water Street Healthcare Partners affiliate, is the largest independent provider of service and technology solutions to the insurance and managed care industry. Since 1970, HPS has offered customized administration and distribution services to insurers of individual group, voluntary and association plans, as well as providing valuable solutions to thousands of brokers and agents that sell into this market. HPS proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for our insurance carriers and distribution partners. HPS offers an ever-expanding array of services to a diverse and growing client base, and administers products that include medical (PPO, HMO, indemnity, consumer-driven), dental, vision, life, disability, long term care, limited medical, Medicare Supplement and Medicare Part D, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers.
About Water Street Healthcare Partners
Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong track record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world’s leading health care companies on its investments, including: Gentiva Health Services, Inc., Johnson & Johnson, Medtronic and Smith & Nephew. Water Street’s team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago.