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WebTPA Market Research Report



Company Overview



Name


WebTPA

Mission of the Company


WebTPA specializes in crafting custom health plans driven by their clients’ strategic vision, ensuring that no two health plans are alike.

Founding Details


  • Year Founded: 1993

  • Original Purpose: Started by consulting with hospital health plans to enable employees to access services at their own facilities.


Key People


No information is available.

Headquarters


6535 SH-161 S. Las Colinas, TX 75039

Number of Employees


  • Over 170 employees have been with WebTPA for more than 10 years.

  • Total number of employees not explicitly stated.


Revenue


No information is available.

Recognition and Industry Position


  • WebTPA is part of the GuideWell enterprise, which ensures delivery of industry-leading technology and market independence.

  • Known for being the largest national third-party administrator (TPA), managing the care of over 3.5 million members and processing 7.1 million claims annually.


What is the Company Known For?


WebTPA is known for:
  • Crafting custom health plans for self-funded employers, hospital health systems, and administrative outsourcing.

  • Providing industry-leading technology and flexibility.

  • Supporting integrated vendor point solutions and maintaining a stable market presence.


Products



Offered Products


1. Custom Health Plans: Tailored health plans that align with client-specific requirements.
2. Administrative Outsourcing: Backroom claims processing and customer service for top U.S. insurance carriers.
3. Care Management Services: Provided by Communitas, a sister company, including Utilization Management, Care Management, and Member Advocacy.

High-Level Description and Key Features


  • Custom Health Plans:

  • Plans are personalized based on client's strategic requirements.

  • Designed to manage behind-the-scenes costs and maximize efficiency.

  • Administrative Outsourcing:

  • Supports carriers and marketers to streamline operations across diverse products and services.

  • Offers services like private labeling and customized claims processing.

  • Care Management Services:

  • Includes high-touch, customized support and advocacy for members.

  • Supported by a team of field experts to control costs and aid members.


Recent Developments



Recent Developments in the Company


  • Acquisition by GuideWell in 2020 to support future growth and infrastructure.

  • Surpassed over 3 million members under administration by 2023.

  • Celebrated the 30th anniversary in business, with numerous industry recognitions.


New Products Launched


No information is available.

New Features Added to Existing Products


No information is available.

New Partnerships


  • Integration and partnership within the GuideWell enterprise to enhance technological capabilities and market presence.


Conclusion



This report provides a comprehensive overview of WebTPA, highlighting its specialization in crafting custom health plans, innovative approaches in care management, and its strategic positioning supported by being part of the GuideWell enterprise. It underscores WebTPA’s dedication to flexibility, customer satisfaction, and sustained market leadership.