HealthPlan Services Taps James Vertino as CIO

TAMPA, Fla. – April 21, 2011 – HealthPlan Services (HPS), the nation’s leading technology and administrative services provider for the insurance and managed care markets, has appointed James Vertino as chief information officer (CIO) and executive vice president of technology.

“HPS is off to a fast start in 2011. We are experiencing strong growth that will drive an evolution in our business model and accelerate changes in the way we operate and serve our customers. We also need to be positioned to take advantage of new markets and new products,” said Jeff Bak, president and CEO, HPS. “Jim brings to HPS the experience to do just that. He has the knowledge and expertise necessary to lead our IT organization. We are pleased to welcome him to the team.”

Vertino brings to HPS more than 17 years of experience in all aspects of IT management and development. He is a proven leader in designing and implementing enterprise technology architectures and developing and executing successful technology strategies that support productivity improvements, efficiency enhancements and business development.

Prior to joining HPS, Vertino served as vice president of systems and technology and acting CIO for CareSource, where he was responsible for directing all aspects of the formation and execution of the healthcare IT corporate strategy. Previous positions include vice president of enterprise technology for MetLife, where he orchestrated the development, implementation, maintenance and support of the domestic emerging technology infrastructure. He also served as vice president and chief administration officer of Equity Technologies at Lehman Brothers and project manager for Dun & Bradstreet.

Vertino graduated magna cum lade from Medaille College in Buffalo, N.Y., with a bachelor’s degree in computer information systems. He is a member of the Managed Care Executive Group (MCEG), Association for Community Affiliated Plans (ACAP) and Dayton Area CIO Council.

About HealthPlan Services

HealthPlan Services (HPS) is the largest independent provider of service and technology solutions to the insurance and managed care industry. The company is an affiliate of Water Street Healthcare Partners, a strategic private equity firm focused exclusively on healthcare. Since 1970, HPS has offered customized administration and distribution services to insurers of individual, small group, voluntary and association plans, as well as providing valuable solutions to thousands of brokers and agents that sell into this market. HPS’ proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for our insurance carriers and distribution partners. HPS offers an ever-expanding array of services to a diverse and growing client base, and administers products that include medical (PPO, HMO, indemnity, consumer-driven), dental, vision, life, disability, cancer, critical illness, accident, long term care, limited medical, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers. For more information about HPS, visit www.healthplan.com.