HealthPlan Services Affirms its Strategy to Support Health Insurance Exchanges

TAMPA, Fla., June 28, 2012 /PRNewswire/ -- HealthPlan Services (HPS), the nation's leading technology and administrative services provider for the insurance and managed care markets, affirms its Go-To-Exchange strategy in the wake of today's Supreme Court ruling upholding the entire Affordable Care Act (ACA).

Go-To-Exchange provides comprehensive management of the administrative and technical needs of health plans participating in state exchanges. A critical technology component is ExchangeLink, which facilitates the technical connections necessary to link carriers to exchanges.

"HPS has been actively engaged with industry groups and State and Federal agencies to stay informed on the technology needs required for exchange connections. HPS will now move forward to complete the integration necessary to successfully administer the new members that purchase health insurance via the public exchanges," said HPS Senior Vice President of Healthcare Reform Dennis Prysner.

"Our early actions and development of thought leadership around the complexities of exchange integration and QHP administration have positioned us as a leader in reform readiness. We look forward to working with our healthcare carrier partners as we prepare for open enrollment on Oct. 1, 2013," said Jeff Bak, HPS President and CEO.

About HealthPlan Services
HealthPlan Services (HPS) 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, small group, voluntary and association plans, as well as valuable solutions to thousands of brokers and agents. HPS' proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for 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, cancer, critical illness, accident, long term care, limited medical, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers. HPS is a company of Water Street Healthcare Partners, a strategic private equity firm focused exclusively on healthcare. For more information about HPS, visit www.healthplan.com.

SOURCE HealthPlan Services



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