HPS Blog for Providers

HPS Year in Review: 2019

HPS had an exciting year in 2019! We wanted to share these highlights with our valued partners, plus some new benefits available for you and your patients in 2020. Thank you for your continued relationship with HPS.

HPS 2019 Year in Review

Extraordinary Benefits for You and Your Patients

HPS’s continual efforts to secure the most advantageous provider contracts have helped us generate a healthcare cost trend well below the national average over the past 3 years. While the national average for healthcare costs is 5.7%, we’re able to secure costs of 2.3% for HPS members. 

Meanwhile, our providers also enjoy strong cost benefits: 98% of all HPS provider claims are repriced, processed and paid accurately the first time, without any claim adjustment.

HPS provides faster payment of both plan and member allowed amount than any other solution in the marketplace. Our commitment to you is to provide full payment within 20 business days after receiving your claim. In 2019, we exceeded our 20-day commitment, paying providers within an average 17.4 business days.

 

A History of Excellence

Our providers enjoy strong cost benefits: 98% of all HPS provider claims are repriced, processed and paid accurately the first time without any claim adjustment.

Over the past 11 years, using our patented technology, HPS has processed more than $4 billion in total medical bill charges + assumed $260 million in patient responsibility. HPS currently holds $6,900,000 on interest-free financing plans benefitting more than 2,600 members.

By providing a single payment-in-full for each patient bill, HPS has relieved you of any expenses associated with patient collections and bad debt for HPS groups.

 

Community Involvement

We pride ourselves on our community involvement. Each year, we dedicate time and resources to multiple causes in our local communities.

Habitat for Humanity

HPS employees helped build and frame walls with Habitat for Humanity for several new homes for the second year in a row. This included cutting, lifting, assembling and nailing together walls while enduring all weather conditions!

Giving Tree

Facilitated by the United Way, HPS employees were paired with children from Neu-Life Community Development to provide Christmas gifts.

School Supply Drive

HPS contributed school supplies to the Salvation Army, purchased through donations and additional funds raised by HPS employees.

LLS Light the Night Walk

In honor of HPS founder James Brindley, who was diagnosed with leukemia, HPS employees fundraised and donated to the Leukemia & Lymphoma Society and represented HPS during the walk at Veteran’s Park.

Sojourner Family Peace Center

HPS employees collected and donated items on the center’s wish list to help those in need at the Sojourner Family Peace Center.

 

Meet Paul Mueller, Director of Business Development

The HPS team is excited to welcome Paul Mueller as our new Director of Business Development!

Within this role, Paul will be responsible for leading the HPS strategic growth initiatives. He brings expertise in sales, account management, client relations, and market analytics. Reach out to Paul if you’d like to learn how HPS might help your employee benefit offering.

 

Let’s Continue Growing Together

Interested in new contracting approaches for 2020? Have other questions for us? Contact us today!