Profile: Hooper Holmes Inc (HH.A)
10 Mar 2014
Hooper Holmes, Inc. (Hooper Holmes) is engaged in providing health risk assessment services to the life insurance and health industries Hooper Holmes operates in one business segment and provides paramedical and medical examinations, personal health interviews and record collection, and laboratory testing, which help life insurance companies evaluate the risks associated with underwriting policies. It also conducts wellness screenings for wellness companies, disease management organizations and health plans. The Company's core activities consist of arranging for paramedical examinations on behalf of insurance carriers, primarily in connection with such carriers’ processing and evaluation of the risks associated with underwriting insurance policies - mainly life insurance policies. In October 2013, the Company sold its Portamedic service line to American Para Professional Systems, Inc.
The Company's Health Information Division (HID) consists of four service lines: Portamedic, Heritage Labs, Health & Wellness and Hooper Holmes Services. Portamedic performs paramedical and medical examinations of individuals, primarily on behalf of insurance companies in connection with the offering or rating of insurance coverage (mainly life insurance), along with medical examinations of health plan participants in order to provide medical information on plan members to the plan sponsors. Heritage Labs performs tests of blood, urine and oral fluid specimens, primarily generated in connection with the paramedical exams and wellness screenings performed by the Company's Health & Wellness service lines, respectively, and assembles and sells specimen collection kits. Health & Wellness performs risk assessment and risk management services, including biometric screenings, health risk assessments and onsite wellness coaching for health and care management companies, including wellness companies, disease management organizations, clinical research organizations, health plans and others. Hooper Holmes Services provides telephone interviews of insurance candidates, retrieval of medical records and inspections, risk management solutions and underwriting services for simplified issue products and products requiring full underwriting.
The Company's heritage Labs performs tests of blood, urine and oral fluid specimens and assembles and sells kits used in the collection and transportation of such specimens to its lab facility. The results of these tests are used primarily in connection with the life insurance underwriting process and, to a lesser extent, in connection with biometric screening and health insurance underwriting activities. Heritage Labs provides testing services that consist of certain specimen profiles designed to provide its customers with specific information of relevance to the assessment of a person's health profile, such as the presence of antibodies to the human immunodeficiency virus (HIV); cholesterol and related lipids; liver or kidney disorders; the presence of antibodies to hepatitis; prostate specific antigens; immune disorders; tobacco/nicotine use, and the use of certain medications, cocaine and other drugs. In addition to performing lab testing services, Heritage Labs assembles blood/urine kits, urine-only kits and oral fluid kits. The kits are primarily sold to paramedical examination companies, including the Company's Health & Wellness service lines. Heritage Labs also assembles kits for a number of other companies. Heritage Labs has registered with the United States Food and Drug Administration (FDA) as a medical device assembler.
Health & Wellness
The Company's Health & Wellness service line performs risk assessment and risk management services through biometric screenings, health risk assessments and onsite wellness coaching for health and care management companies including wellness companies, disease management organizations, clinical research organizations and health plans. Its Health & Wellness services include scheduling of individual and group screenings; provision and fulfillment of needed supplies (such as examination kits, blood pressure cuffs, stadiometers, scales and centrifuges) at screening events; end-to-end biometric screening management; biometric screenings (such as height, weight, body mass index, the taking of a person's hip, waist and neck measurements, as well as his or her pulse and blood pressure) and blood draws through venipuncture or fingerstick, all performed by the Company's wellness certified health professionals; lab testing of blood specimens utilizing its Heritage Labs laboratory; data processing and transmission, and analytics to identify critical values of lab tests and notification services to individuals and customers to better manage risk. Its Health & Wellness service line also offers Hooper Holmes OnSite sm, a face-to-face, on-premises health coaching service for work locations. The service is delivered by specially trained Health Champions, many of whom are physical therapists, personal trainers and nutritionists.
Hooper Holmes Services
The Company's Hooper Holmes Services line provides four categories of service: Health Information Services, Health Risk Analytics, Consumer Services and Business Entity Services. Health Information Services collects and provides applicant health information to insurance company underwriters. These include Medical Record Retrieval, Inspection Report, Health Risk Assessment / Physicians Information Line (PIL) and Record and Database Check and Employment Verification. Health Risk Analytics provides risk management consultative support and underwriting services to insurance carriers and reinsurance companies active in the life, annuity and health insurance markets. These include Full Underwriting, Simplified Underwriting, Medical Record Summarization and Impaired Risk Underwriting Services. Consumer Services gathers information through telephonic interviews with insurance applicants to complete all or a portion of an insurance application, verifies information provided by the applicant, gathers information regarding an applicant's general cognitive state and assists the insurance carrier to facilitate the insurance purchase process. Business Entity Services helps an insurance company assess the quality of decisions made by the carrier's underwriting group, determine adherence to the carrier's underwriting policies, evaluates benefit claims, both pre and post-payment, and ensures that underwriting files are complete and accurate.
Hooper Holmes Inc
170 Mt. Airy Road
BASKING RIDGE NJ 07920