About Health Plans
Health Plans is a company based in Westborough (United States) founded in 1981. It operates as a B2B, and Service-Based. The company has 633 employees as of December 31, 2021. Health Plans has completed 2 acquisitions, including Employers Health Network and MedCost. Health Plans offers products and services including Level-Funded Health Plans, Consumer-Driven Health Plans, Reference-Based Pricing, Benefit Administration, and Population Health Management.
- Headquarter Westborough, United States
- Employees 633 as on 31 Dec, 2021
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Health Plans, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
633
as on Dec 31, 2021
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Investments & Acquisitions
Employers Health Network
& 1 more
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Products & Services of Health Plans
Health Plans offers a comprehensive portfolio of products and services, including Level-Funded Health Plans, Consumer-Driven Health Plans, Reference-Based Pricing, Benefit Administration, and Population Health Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom plans for cost control through self-funding mechanisms.
Plans that encourage consumer involvement in healthcare decisions.
Strategy to negotiate and price healthcare services effectively.
Management of employee benefits and claims processing.
Tools for monitoring and improving group health outcomes.
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Funding Insights of Health Plans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Health Plans
Health Plans has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Employers Health Network and MedCost. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee health benefits services are provided to employers.
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2014 | ||||
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MedCost is engaged in providing self-funded health plan solutions.
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1983 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Health Plans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Health Plans Comparisons
Competitors of Health Plans
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Health Plans
Frequently Asked Questions about Health Plans
When was Health Plans founded?
Health Plans was founded in 1981.
Where is Health Plans located?
Health Plans is headquartered in Westborough, United States. It is registered at Westborough, Massachusetts, United States.
How many employees does Health Plans have?
As of Dec 31, 2021, the latest employee count at Health Plans is 633.
What does Health Plans do?
Health Plans, Inc. is a third-party administrator that delivers customized self-funding solutions, including level-funded plans and reference-based pricing, to help employers control healthcare costs. They use advanced analytics to identify cost drivers and provide services like benefit administration and population health management. Based in Westborough, Massachusetts, they serve employers and benefits brokers across the United States, focusing on innovative strategies for health plan designs.
What products or services does Health Plans offer?
Health Plans offers Level-Funded Health Plans, Consumer-Driven Health Plans, Reference-Based Pricing, Benefit Administration, and Population Health Management.
How many acquisitions has Health Plans made?
Health Plans has made 2 acquisitions, including Employers Health Network, and MedCost.