BASKING RIDGE, N.J., Aug 04, 2009 -- Hooper Holmes (NYSE Amex:HH) has combined its Infolink and Underwriting Solutions operations into a new division to deliver new operational and competitive advantages to its customers.
The Hooper Holmes Services division offers a range of integrated services that improve customers' business performance. Hooper Holmes Services brings together units that underwrite life insurance applications, retrieve and research applicant medical records, conduct teleinterviews and inspections, and deliver full case management services. The new division comes to market with hundreds of customers and primary operations in Lenexa, Kansas and Omaha, Nebraska.
"Hooper Holmes Services is a strong, efficient operational platform that helps insurance and healthcare customers identify risks, collect health information, interact with consumers and improve operational efficiency," said Roy H. Bubbs President and CEO. "In addition, consolidating our operations under one management team will further reduce costs and improve profitability."
"Combining our core competencies to focus on four product lines will help us deliver more strategic, higher value services to our customers," said Marcus A. Mears, President of Hooper Holmes Services. "One example of the integrated services we offer is Campaign Management. This new service gives sales professionals an efficient, streamlined process for closing sales, which includes health information collection and underwriting."
Hooper Holmes Services Product Lines
Health Risk Analytics
-- Health & Risk Assessments
-- Audits
-- Insurance Underwriting
-- Treatment Compliance
-- Health Test Evaluations
-- Financial Condition Reports
Consumer Interaction Services
-- Interview Services
-- Health Form Completion
-- Insurance Application Completion
Health Information Services
-- Records Retrieval
-- Medical Records Summaries
-- Inspections
-- Health & Lifestyle Questionnaires
-- Prescription Drug Usage Reports
-- Cognitive Assessments
Operations Services
-- Case Management
-- Risk Assessment
-- Campaign Management
-- Informal Insurance Application Services
About Hooper Holmes
Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. As a leading provider of risk assessment services for the insurance industry, Hooper Holmes provides insurers with the widest range of medical exam, data collection, laboratory testing and underwriting services in the industry.
With presence in over 250 markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers. Each year we arrange more medical exams than any other company and process more than three million specimens in our laboratory. We provide a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. We underwrite hundreds of thousands of cases annually and complete more than two million telephone interviews.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 16, 2009. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.