HealthPlan Services (HPS) is a major provider of Business Process Outsourcing (BPO) services for the healthcare industry in the United States. Founded in 1970, HPS has become a leader in offering end-to-end sales, distribution, and administration solutions to insurance carriers, brokers, and employers. The company has its headquarters in Tampa, Florida.

HPS specializes in a wide range of products and services that help streamline healthcare administration processes. These include enrollment and eligibility solutions, billing and payment services, customer service support, and data and analytics solutions. The company also offers marketplace solutions to assist with the buying and selling of health insurance plans through public and private exchanges.

With its extensive experience and expertise, HPS has expanded its operations on a global scale. The company has several subsidiary companies and strategic partnerships that allow it to support clients in markets across the world. Notably, HPS has formed joint ventures with Tenzing Healthcare, a leading provider of healthcare analytics solutions, and Sentient Claims, a claims management company.

In terms of market position, HealthPlan Services is highly regarded for its innovative solutions and agile approach to healthcare administration. The company competes with other major BPO providers, such as Optum, Accenture, and Cognizant, but it has established a strong presence in the industry due to its comprehensive service offerings and customer-centric approach. HealthPlan Services has experienced significant growth and success over the years.

In 2012, the company was acquired by Water Street Healthcare Partners, a private equity firm, which allowed for further expansion and investment in technology and infrastructure. In 2018, HPS announced the launch of its proprietary BillPay solution, which provided enhanced billing and payment capabilities to improve the consumer experience. Currently, HealthPlan Services continues to evolve and adapt to the changing healthcare landscape.

The company remains committed to delivering innovative solutions that drive efficiency and improve the experience for healthcare consumers, brokers, and insurance carriers. While there may not be any recent updates or significant events known at this time, HPS is recognized as an industry leader with a strong position in the market