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Founded in 1996, HSP is a privately held company based in Melville, N.Y., and supports more than 20 million people insured by healthcare organizations across medical, dental, vision and extended health products.
HSP employees will transfer to Conduent, including HSPco-founders John Buser and Dr. James Basile. HSP will be a part of Conduent’s Financial Services and Healthcare sector led by Group Chief Executive Pratap Sarker.
The acquisition of HSP is expected to close in the fourth quarter of 2018, subject to any regulatory approvals and customary closing conditions.
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About Health Solutions
Health Solutions Plus (HSP) is a U.S. based provider of the most mature core administration software solution for healthcare Payers. The HSP Payer Suite provides the innovation, flexibility and automation needed to support multiple lines of business while increasing operational efficiencies in order to compete in today’s marketplace. HSP designs solutions that deliver the ability to immediately respond to change as it occurs. HSP has a proven track record assisting medical, dental, vision and other specialty health payers with lowering costs and increasing growth across multiple lines of business including commercial, commercial risk, Medicaid and Medicare Advantage. HSP’s design approach eliminates the need for “multi-vendor” interfacing and associated costs. For more information about Health Solutions Plus, visitwww.hspweb.com.
About Conduent
Conduent creates digital platforms and services for businesses and governments to manage millions of interactions every day for those they serve. We are leveraging the power of cloud, mobile and IoT, combined with technologies such as automation, cognitive and blockchain to elevate every constituent interaction, driving modern digital experiences that are more efficient, helpful and satisfying.
Conduent’s differentiated offerings touch millions of lives every day, includingtwo-thirds of all insured patients in the U.S. and nearly nine million people who travel through toll systems daily. Whether it’s digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – Conduent serves a majority of the Fortune 100 companies and more than 500 government entities. Learn more at www.conduent.com.
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Media Contacts:
Sean Collins, Conduent,+1-310-497-9205,sean.collins2@conduent.com
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