FHC Health Systems provides stability through its behavioral health care services, which are offered to millions of people through its operating subsidiaries. Its majority-owned subsidiary ValueOptions manages behavioral care benefits offered by commercial and public health plans, serving than 32 million people. Through its Rx Innovations unit, the company provides institutional pharmacy and laboratory services for long-term care facilities and other treatment centers. FHC's FirstLab subsidiary offers drug testing and employment screening, while its Corporation for Standards and Outcomes focuses on performance management for public agency programs.
Headquartered in Norfolk, Virgina, the company has offices in Little Rock, Arkansas; Cypress, California; Colorado Springs, Colorado; Rocky Hill, Connecticut; Tampa, Florida; Jacksonville, Florida; Chicago, Illinois; Springfield, Illinois; Topeka, Kansas; Linthicum, Maryland; Boston, Massachusetts; Wixom, Michigan, New York, New York;
Morrisville, North Carolina; Trafford, Pennsylvania; Chattanooga, Tennessee; Memphis, Tennessee; Coppell, Texas; Arlington, Virginia; Chesapeake, Virginia; and Reston, Virginia.
The ValueOptions division manages a network of some 130,000 practitioner locations and provides services to consumers through contracts with government agencies and managed health care companies. As such, the unit can be positively or negatively affected by new contract gains and non-renewals.
FHC also benefits from the growing popularity of specialty mental health care plans. The company maintains its solid position in the behavioral health arena by providing a diverse array of services, such as employee assistance, substance abuse, disability management, and wellness programs, to keep pace with market needs.
In 2012 ValueOptions and LifeWIRE teamed up to create a mobile monitoring, intervention, and counseling program. As a part of this agreement, ValueOptions will leverage LifeWIRE's automated communication platform, applying client-specific modifications to more effectively conduct outreach and engage members in identifying and addressing potential health issues. The platform enables ValueOptions to stay connected with more members and to monitor and better assess their ongoing resiliency status. LifeWIRE's proprietary automated texting platform builds upon and integrates with ValueOptions' existing outreach and engagement tools to offer more timely and tailored confidential communications that target individual wellness needs.
CEO and majority owner Ronald Dozoretz founded FHC in 1983. – less