HealthPlan Services(SM) President and CEO Jeff Bak Wins Prestigious Ernst & Young Entrepreneur Of The Year Award for Florida

TAMPA, Fla., July 8, 2014 /PRNewswire/ -- Jeff Bak, president and CEO of HealthPlan Services^SM (HPS), was named Ernst & Young's Florida Entrepreneur Of The Year in Health Care Services. Under Bak's guidance, HPS has become the nation's leading technology, sales, retention and administrative services provider for the insurance and managed care markets, including the top administrator of public and private health insurance exchange members.

The Entrepreneur Of the Year Award recognizes outstanding high-growth individuals who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Selected by an independent judging panel made up of previous award recipients, leading CEOs and other regional business leaders, award recipients were recognized at a special gala at the Hilton Orlando.

During his acceptance speech Bak acknowledged those who have helped him along the way. "It is a real honor to be selected as a recipient of this prestigious award and to represent the State of Florida," he said. "It was not a solo accomplishment. It took the support and hard work of my executive leadership team and all the employees at HPS whose hard work and dedication made us an industry leader and one of Tampa's fastest growing companies."

EY's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs, recognizing the significant contributions of those who inspire others with their vision, leadership and achievement. As a regional award recipient, Bak is eligible for consideration for the EY Entrepreneur Of The Year National Program. Winners of the National Program will be announced at the annual awards gala in Palm Springs, Calif. on Nov. 15, 2014.

About HealthPlan Services

HealthPlan Services (HPS) is the largest independent provider of sales, service, retention 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 the health care industry. For more information about HPS, visit www.healthplan.com.

SOURCE HealthPlan Services