SHPS
 | This article may be confusing or unclear to readers. (October 2015) |
 | |
| Company type | Private |
|---|---|
| Industry | Health care |
| Founded | 1997 |
| Headquarters | Louisville, Kentucky |
Key people | |
| Products | Employee health and wellness programs |
| Owner | SHPS Acquisition Company Inc. |
Number of employees | 500 |
| Website | www.carewisehealth.com |
SHPS, Inc. (pronounced "ships") is a national provider of health improvement programs through the company's Carewise Health subsidiaries. The company employs approximately 1000 people, and is headquartered in Louisville, Kentucky with multiple locations throughout the United States.
History
SHPS was founded in 1997, as a joint venture between SYKES Enterprises and Health Plan Services, and financed by Prudential Services.[1] In December 1997, Prudential Services and SYKES Enterprises, Incorporated formed SYKES Health Plan Services (SHPS), Inc. In 2000, SHPS was purchased by Welsh, Carson, Anderson & Stowe, a private equity firm which focuses on information and business services, healthcare and communications.[2] In 2001, SHPS acquired CareWise, Inc., a provider of care management services to complement existing healthcare services offerings.[3] In 2003, SHPS acquired eBenX, Inc., a human resource and benefits administrator.[4] In 2004, SHPS acquired National Health Services, Inc. and Landacorp, Inc., two care management providers.[5] In 2006, SHPS introduced its enhanced health management delivery model. In 2007, SHPS introduced a health risk engine to help employers strategically manage the clinical risk in their employee population. Also, in 2007, SHPS' Landacorp division released its CareRadius product suite, intended to simplify complex medical management processes and enable health plans to simplify work flow, improve health outcomes, and lower costs. In 2008, SHPS launched its next-generation wellness solution, an internally developed wellness program delivered on the same platform as its other health management solutions. In that same year, SHPS also launched Carewise Health, a person-centric suite of integrated services designed to improve individual health and help companies optimize their healthcare spending and benefits delivery.[6]
In 2012 SHPS sold its Human Resource Solutions subsidiary, which administers FSAs, to ADP.[7] It also sold its LandaCorp subsidiary. It retains ownership of the Carewise Health component.[8][9]
Location
Carewise Health is headquartered in Louisville, KY with primary data center operations occurring in Minneapolis, MN. Carewise Health has a large Telecommuter population spread across the US, primarily in locations of previous satellite offices including Minneapolis, MN, Philadelphia, PA, Scottsdale, AZ, Seattle, WA, and Walnut Creek, CA.
See also
- Health consumerism
- Outsourcing
- Healthcare
- Health economics
- Management consulting
- Third party administrator
References
- ^ "SHPS - Company Overview - Hoover's". Hoovers.com. Retrieved 2013-11-05.
- ^ [1] SHPS website
- ^ "SHPS Inc. acquires Seattle-based CareWise Inc. - Louisville - Business First". Bizjournals.com. 2001-05-25. Retrieved 2013-11-05.
- ^ Published: November 05, 2002 (2002-11-05). "Company News; Shps, A Health Care Company, Plans To Acquire Ebenx - New York Times". Nytimes.com. Retrieved 2013-11-05.
{{cite news}}: CS1 maint: numeric names: authors list (link) - ^ "SHPS Holdings, Inc. Completes Acquisition of Landacorp, Inc. - Free Online Library". Thefreelibrary.com. 2004-04-27. Retrieved 2013-11-05.
- ^ SHPS | Improving personal health and optimizing healthcare spending
- ^ "ADP Completes Acquisition of the Human Resource Solutions Subsidiary of SHPS, Inc". Retrieved 30 March 2015.
- ^ [2]
- ^ "Exl Acquires Landacorp To Provide A Comprehensive Suite Of Operations, Analytics And Technology Solutions For The Healthcare Industry". Landacorp. 15 October 2012. Archived from the original on 9 March 2013. Retrieved 2012-10-19.
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