SHPS
| File:Shps.png | |
| Company type | Private |
|---|---|
| Industry | Health care |
| Founded | 1997 |
| Headquarters | Louisville, Kentucky |
Key people | Template:Plain list |
| Products | Employee health and wellness programs |
Number of employees | 1,000 |
| Website | www |
Carewise Health, which was previously known as SHPS, Inc. (pronounced "ships"), serves as a nationwide provider of health improvement solutions. Its headquarters are located in Louisville, Kentucky, with main data center facilities in Minneapolis and additional offices situated in Minneapolis, Philadelphia, Scottsdale, Arizona, Seattle, and Walnut Creek, California.
History
Established in 1997 under the name SHPS as a collaborative venture between SYKES Enterprises and Health Plan Services, with backing from Prudential Financial, the company originally operated as SYKES Health Plan Services (SHPS), Inc.
In 2000, ownership transferred to the private equity firm Welsh, Carson, Anderson & Stowe, which focuses on sectors including information and business services, healthcare, and communications.
Growth through acquisition characterized SHPS’s expansion: it acquired CareWise, Inc. in 2001 to broaden its care management capabilities; in 2003 it brought eBenX, Inc., a human resources and benefits administrator, into its portfolio; followed by the addition of National Health Services, Inc. and Landacorp, Inc., both specializing in care management, in 2004.
The company rolled out an advanced health management delivery system in 2006. The following year, SHPS launched a health risk engine designed to support employers in clinical risk management for their workforce. Also in 2007, the Landacorp division introduced CareRadius—a suite of products aimed at simplifying medical management for health plans to enhance outcomes and reduce expenses.
In April 2012, SHPS divested its Human Resource Solutions unit—which managed Flexible Spending Accounts—to Automatic Data Processing, while retaining ownership of the Carewise Health business segment.
Later that same year, in October 2012, SHPS sold Landacorp for $38 million.
In December 2013, Carewise Health was acquired by a new group of owners.
See also
- Health consumerism
- Outsourcing
- Healthcare
- Health economics
- Management consulting
- Third party administrator