SHPS
{{confusing|date=October 2015}}
{{Infobox company
| name = Carewise Health
| logo = Shps.png
| logo_size = 100px
| type = Private
| foundation = {{Start date and age|1997}}
| key_people = {{plain list|
- Merle Ryland (CEO)
- Kim Bateman (COO)
- Carolyn Baete (VP, Medicaid Operations)
- Mark Tatum (Vice President of Administrative Services)
- Randall Justice (Chief Legal Officer)
}}
| location = Louisville, Kentucky
| num_employees = 1,000
| industry = Health care
| products = Employee health and wellness programs
| homepage = {{URL|http://www.carewisehealth.com/}}
}}
Carewise Health, formerly SHPS, Inc. (pronounced "ships") is a national provider of health improvement programs. The company is headquartered in Louisville, Kentucky. Primary data center operations are in Minneapolis. Carewise Health has satellite offices in Minneapolis, Philadelphia, Scottsdale, Arizona, Seattle, and Walnut Creek, California.
History
The company was founded as SHPS in 1997 as a joint venture between SYKES Enterprises and Health Plan Services, and financed by Prudential Financial Services.{{cite web|url=http://www.hoovers.com/shps/--ID__56420--/free-co-factsheet.xhtml?cm_ven=Biz_Dev&cm_cat=Google&cm_pla=Free&cm_ite=Factsheet%20Hovers%20Buisness%20Listing |title=SHPS - Company Overview - Hoover's |publisher=Hoovers.com |date= |accessdate=2013-11-05}}
In December 1997, Prudential Financial 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.[https://web.archive.org/web/20110716063600/http://www.shps.com/corp/home/index.stm] SHPS website
In 2001, SHPS acquired CareWise, Inc., a provider of care management services to complement existing healthcare services offerings.{{cite news | url=https://www.bizjournals.com/louisville/stories/2001/05/21/daily41.html | title=SHPS Inc. acquires Seattle-based CareWise Inc. - Louisville - Business First | work=American City Business Journals |date=May 25, 2001}}
In 2003, SHPS acquired eBenX, Inc., a human resource and benefits administrator.{{cite news|author=Published: November 05, 2002 |url=https://www.nytimes.com/2002/11/05/business/company-news-shps-a-health-care-company-plans-to-acquire-ebenx.html |title=Company News; Shps, A Health Care Company, Plans To Acquire Ebenx | work=The New York Times | date=November 5, 2002 | url-access=limited}}
In 2004, SHPS acquired National Health Services, Inc. and Landacorp, Inc., two care management providers.{{cite web |url=http://www.thefreelibrary.com/SHPS+Holdings%2c+Inc.+Completes+Acquisition+of+Landacorp%2c+Inc-a0115934073 |title=SHPS Holdings, Inc. Completes Acquisition of Landacorp, Inc. - Free Online Library |publisher=Thefreelibrary.com |date=2004-04-27 |accessdate=2013-11-05}}
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 April 2012, SHPS sold its Human Resource Solutions subsidiary, which administers Flexible spending accounts, to Automatic Data Processing. It retains ownership of the Carewise Health component.{{cite press release | url=https://www.prnewswire.com/news-releases/adp-completes-acquisition-of-the-human-resource-solutions-subsidiary-of-shps-inc-145901095.html | title=ADP Completes Acquisition of the Human Resource Solutions Subsidiary of SHPS, Inc. | publisher=PR Newswire | date=April 3, 2012}}{{cite press release | url=https://www.prnewswire.com/news-releases/shps-inc-completes-sale-of-its-human-resource-solutions-subsidiary-to-adp-145904135.html | title=SHPS, Inc. Completes Sale of Its Human Resource Solutions Subsidiary to ADP | publisher=PR Newswire | date=April 3, 2012}}
In October 2012, the company sold LandaCorp for $38 million.{{cite press release | url=https://www.globenewswire.com/news-release/2012/10/15/497232/9060/en/EXL-Acquires-Landacorp-to-Provide-a-Comprehensive-Suite-of-Operations-Analytics-and-Technology-Solutions-for-the-Healthcare-Industry.html | title=Exl Acquires Landacorp To Provide A Comprehensive Suite Of Operations, Analytics And Technology Solutions For The Healthcare Industry | publisher=GlobeNewswire | date=October 15, 2012}}{{Cite news | url=https://economictimes.indiatimes.com/tech/ites/exl-buys-us-based-landacorp-for-38-million/articleshow/16839594.cms | title=EXL buys US-based Landacorp for $ 38 million | work=The Economic Times | date=October 16, 2012}}
In December 2013, a new ownership group acquired Carewise.{{Cite web | url=http://www.carewisehealth.com/node/52 | title=SHPS / Carewise Health Acquisition | publisher=Carewise | date=December 23, 2013}}
See also
References
{{Reflist}}
External links
- {{Official website|http://www.carewisehealth.com/}}
Category:1997 establishments in Kentucky
Category:American companies established in 1997
Category:Companies based in Louisville, Kentucky
Category:Health care companies based in Kentucky