HealthPlan Services (HPS), a Water Street Healthcare Partners affiliate, is the largest independent provider of business process outsourcing solutions exclusively for insurance companies and managed care organizations. Since 1970, HPS has served insurance agents, insureds, and insurers.

To insurer carriers and business partners, HPS offers customized administration and distribution services to insurers in the niches of individual and group medical, individual and group voluntary and ancillary plans (i.e. dental, life, disability, accident) and individual and group association plans. In addition to administrative services, HPS enables membership growth and retention through its 9,000 commission brokers and agents that sell into this market. Finally, HPS’ proprietary patent-pending “Platypus” technology platform provides innoveative consumer-facing web-based solutions that are turnkey self-service tools for insurance carriers and distribution partners. Key features include:

•Full e-billing and list billing capabilities that enable multi-product aggregation on one bill
•Guaranteed improved sales close rates and member retention
•Speed to market for payers needing speed, certainty and low cost