ValueOptions
ValueOptions, Inc. claims to be the largest privately owned behavioral health maintenance organization (BHMO) in the United States. Also is currently being merged with Beacon Health Strategies and new company name will be created. [1]
Description
Based in Norfolk, Virginia, ValueOptions, Inc. is the product of a 1998 merger of two smaller companies, Value Behavioral Health and Options Health Care.[2] The company is a subsidiary of FHC Health Systems which was founded in 1983 by psychiatrist Dr. Ronald I. Dozoretz, MD, who is the company's CEO and Chairman of the Board.
ValueOptions provides behavioral healthcare management to more than 50 Fortune 500 companies,[3] national and regional health plans, and federal, state, and local governments. Most ValueOptions locations are accredited by URAC (formerly the Utilization Review Accreditation Commission).
ValueOptions serves nearly 34 million people and has service centers in 15 US states. Its revenue in 2011 was US$915 million and projects a $1.5 billion revenue this year.[3]
List of clients
- Allstate
- American Postal Workers Union
- Arcelor-Mittal
- AT&T
- Beaumont Health Systems
- Boeing
- Chevron Corporation
- Chrysler
- Commonwealth of Virginia
- ConocoPhillips
- Continental Airlines
- Detroit Medical Center
- Food Employers Labor Relations Association (FELRA)
- General Motors
- Halliburton
- Hospital Corporation of America
- Indiana-Kentucky Railroad Company
- Kaiser Permanente
- KBR
- Kellogg Company
- LineCo
- Louisiana Office of Group Benefits
- McGraw-Hill
- Merck
- North Carolina Medicaid [4]
- Oakwood Health Systems
- Owens Corning
- Pitney Bowes
- Rolls-Royce
- Screen Actors Guild
- Shell
- Total Health Care
- UAW Retirees
- United Food & Commercial Workers
- UPS
- USAA
References
- ↑ Barbarino, Al (July 10, 2013). "ValueOptions Takes 19,100 SF in Relocation to One Penn Plaza". Commercial Observer. Retrieved August 14, 2013.
- ↑ Joyce, Marie (June 19, 1998). "HEALTH CARE COMPANIES MERGE FHC HEALTH SYSTEMS BUYS FALLS CHURCH OPERATION MENTAL HEALTH BUSINESS WILL BE NATION'S 2ND-LARGEST". Virginian Pilot – via Questia (subscription required) . Retrieved August 14, 2013.
- ↑ 3.0 3.1 Council, Jared (1 February 2013). "ValueOptions prepares for reform, growth". Inside Business. Retrieved 14 August 2013.
- ↑ Jones Hoyle, Amanda (November 26, 2012). "ValueOptions to lay off dozens in Morrisville". Triangle Business Journal. Retrieved August 14, 2013.