Insperity and UnitedHealthcare Amend Contract with Focus on Controlling Health Care Costs
November 01 2016 - 6:30AM
Business Wire
- Amendment reflects strong, sustained
Insperity growth results
Insperity, Inc. (NYSE: NSP), a leading provider of human
resources and business performance solutions for America’s best
businesses, today announced an amendment to its contract for
medical coverage with UnitedHealthcare, a UnitedHealth
Group company (NYSE:UNH). The contract, which extends through
2019, was amended in recognition of Insperity’s sustained growth
exceeding previous volume targets sooner than expected. This
amendment allows for this successful 15-year relationship to
continue the ongoing commitment of both companies to focus on
controlling health care costs and providing the best health care
solutions in the marketplace to the small and medium-sized business
clients of Insperity.
“We are excited to announce this contract amendment and our
ongoing partnership with UnitedHealthcare focused on controlling
health care costs and improving health care quality across the
country,” said Richard G. Rawson, Insperity president. “This
amendment is a result of the accelerated growth we have experienced
over the last couple of years combined with our ongoing strategic
relationship with UnitedHealthcare.”
Insperity has partnered with UnitedHealthcare as its
leading health insurance carrier since January 2002. The
majority of Insperity’s corporate and worksite employees have
health coverage with UnitedHealthcare.
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 30 years, provides an array of human resources and
business solutions designed to help improve business performance.
Insperity® Business Performance Advisors offer the most
comprehensive suite of products and services available in the
marketplace. Insperity delivers administrative relief, better
benefits, reduced liabilities and a systematic way to improve
productivity through its premier Workforce Optimization® solution.
Additional company offerings include Human Capital Management,
Payroll Services, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Financial Services, Expense Management, Retirement Services and
Insurance Services. Insperity business performance solutions
support more than 100,000 businesses with over 2 million employees.
With 2015 revenues of $2.6 billion, Insperity operates in 60
offices throughout the United States. For more information, visit
http://www.insperity.com.
The statements contained herein that are not historical facts
are forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934). You can
identify such forward-looking statements by the words “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,” “likely,”
“possibly,” “probably,” “goal,” “opportunity,” “objective,”
“target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,”
“indicator” and similar expressions. Forward-looking statements
involve a number of risks and uncertainties. In the normal course
of business, Insperity, Inc., in an effort to help keep our
stockholders and the public informed about our operations, may from
time to time issue such forward-looking statements, either orally
or in writing. Generally, these statements relate to business plans
or strategies, projected or anticipated benefits or other
consequences of such plans or strategies, or projections involving
anticipated revenues, earnings, unit growth, profit per worksite
employee, pricing, operating expenses or other aspects of operating
results. We base the forward-looking statements on our
expectations, estimates and projections at the time such statements
are made. These statements are not guarantees of future performance
and involve risks and uncertainties that we cannot predict. In
addition, we have based many of these forward-looking statements on
assumptions about future events that may prove to be inaccurate.
Therefore, the actual results of the future events described in
such forward-looking statements could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: (i) adverse
economic conditions; (ii) regulatory and tax developments and
possible adverse application of various federal, state and local
regulations; (iii) the ability to secure competitive replacement
contracts for health insurance and workers’ compensation contracts
at expiration of current contracts; (iv) increases in health
insurance costs and workers’ compensation rates and underlying
claims trends, health care reform, financial solvency of workers’
compensation carriers, other insurers or financial institutions,
state unemployment tax rates, liabilities for employee and client
actions or payroll-related claims; (v) failure to manage growth of
our operations and the effectiveness of our sales and marketing
efforts; (vi) the competitive environment in the PEO industry may
impact growth and/or profitability; (vii) our liability for
worksite employee payroll, payroll taxes and benefits costs; (viii)
our liability for disclosure of sensitive or private information;
(ix) our ability to integrate or realize expected returns on our
acquisitions; (x) failure of our information technology systems;
(xi) an adverse final judgment or settlement of claims against
Insperity; and (xii) the actions of certain stockholders could
disrupt our business. These factors are discussed in further detail
in Insperity’s filings with the U.S. Securities and Exchange
Commission. Any of these factors, or a combination of such factors,
could materially affect the results of our operations and whether
forward-looking statements we make ultimately prove to be
accurate.
Except to the extent otherwise required by federal securities
law, we do not undertake any obligation to update our
forward-looking statements to reflect events or circumstances after
the date they are made or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101005493/en/
Insperity, Inc.Investor Relations Contact:Douglas
S. Sharp, 281-348-3232Senior Vice President of Finance,Chief
Financial Officer and
TreasurerInvestor.Relations@insperity.comorNews Media
Contact:Suzanne Haugen, 281-312-3543Public Relations
ManagerMedia@insperity.com
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