PROFILE |
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This firm says it's HIP to be healthy. Health Insurance Plan of Greater New York (HIP) is a not-for-profit HMO founded in the 1940s to provide low-cost health care to New York City employees; HIP now boasts nearly 800,000 members. The organization provides medical, lab, and pharmacy services through some 14,000 physicians and about 100 facilities around New York City. Efforts in the 1990s to expand out-of-state proved disastrous; its New Jersey effort was closed by regulators, and HIP sold its Florida affiliate after accumulating huge losses. Back home, HIP has faced allegations from regulators of lavish executive lifestyles and too-cozy relationships with contractors.
COMPETITION |
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Aetna Inc. (AET)
Empire Blue Cross and Blue Shield (dossier)
Oxford Health Plans, Inc. (OHP)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1997 Sales (mil.): 1,567.60
1-Yr. Sales Growth: (9.6)%
Employees: 1,483
Revenue per employee: $1,057,046.53
KEY PEOPLE |
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Anthony L. Watson
CEO
Michael Fullwood
CFO
CONTACT INFO |
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7 W. 34th St.
New York, NY 10001
US
Phone: 212-630-5000
Fax: 212-630-8747
Online: Web Site
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