Richard Lungen Joins HealthPlan Services To Lead Business Development and Strategy.TAMPA, Fla. -- HealthPlan Services, the nation's leading provider of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in solutions to the benefits industry, announced today that Richard Lungen has joined the firm as Senior Vice President for Business Development and Strategy. Lungen brings more than a decade of experience in developing new client relationships and strategic planning to this newly created position. "Richard has a proven track record in the managed care and health insurance arena, particularly in developing new business clients and strategic industry alliances," said Jeff Bak, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HealthPlan Services, Inc. "By leveraging his experience in establishing operational and technology solutions for the carrier market, he will play a vital role in growing our client base in the industry." In this new role, Richard will seek to develop partnerships with insurers to enable them to build market share. By leveraging HealthPlan Services' industry expertise, carriers can focus on their core competencies. Prior to joining HealthPlan Services, Richard served as Vice President of Business Development at ProxyMed, a managed care services company. During his tenure he established key client relationships and developed marketing and technology strategies, including claims and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra solutions, for healthcare insurers. About HealthPlan Services HealthPlan Services, a Sun Capital Partners, Inc. affiliate, is the nation's largest provider of advanced business process outsourcing solutions to the insurance industry. Since 1970, HPS See Seer*HPS. has provided customized administration and distribution services to the employee benefit market serving individual, small business, voluntary, and association plan customers. With flexible and scalable IT platforms, HPS offers an ever-expanding array of services to a diverse and growing client base, including many Fortune 500 insurers. Offering products such as Medical (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there , HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , indemnity, consumer-driven), Dental, Life, Disability, Long Term Care and Ancillary insurance, HPS is committed to providing extraordinary service to its customers. For more information about HealthPlan Services, please visit http://www.healthplanholdings.com. About Sun Capital Partners Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners have acquired more than 90 companies throughout the world with consolidated sales in excess of $20.0 billion. For more information about Sun Capital Partners, Inc., please visit http://www.SunCapPart.com. |
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