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CEOCFO CEOCFO Monthly Analyst |
Integra, Inc. - interested in helping
the health status of the population and being viewed as a value added to employers and
health plans
Healthcare Integra, Inc. 1060 First Avenue –
Ste. 410 Stuart S. Piltch Interview conducted by CEOCFOinterviews.com BIO OF CEO Stuart Piltch, new President and CEO of Integra, Inc., was most recently the founder and Managing Director of Global Benefits Solutions (GBS). Mr. Piltch’s career includes time as a Regional Director for MetLife in its Group Insurance and Pension Division, as well as being a Principal at Buck Consultants, Inc. – an actuarial consulting firm now owned by Mellon Bank, and as the Chief Operating Officer for HealthNow – a $1 billion healthcare plan operating in New York. Integra,
Inc. is a healthcare management and solutions company providing employee assistance
programs (EAP), work life programs, managed behavioral healthcare, and consulting services
for over 1.15 million employees and members; and Global Benefits Solutions provides
consulting services to companies with over 150,000 employees. Integra
is the 10th largest behavioral health management company in the industry.
Previously, there were two lines of business – Employee Assistance Programs and
Behavioral Health Carve Outs for health plans and our client employers – but we have
recently brought on a third through the acquisition of Global Benefits Solutions
(GBS). GBS is an actuarial consulting practice that looks at how compensation,
benefit and retirement plans reinforce the business strategies of a corporation. GBS also
works with the employers on liabilities, costs, business strategies and funding
arrangements. Mr. Piltch: “The
Company was originally founded in 1977 as the Center for the Study of Adult Development, a
non-profit organization affiliated with the University of Pennsylvania Department of
Psychiatry. Integra's EAP?the Employee Assistance Service and Education program (EASE)?was
developed shortly thereafter. Some years
later Integra entered the managed care business and implemented an integrated,
outcomes-based EAP/managed care service. In August 1994, Apogee, Inc., a public company
operating multidisciplinary outpatient mental health group practices, acquired Integra.
Throughout the 1980’s Apogee (Integra) continued to build upon past success and
maintain consistent growth in the EAP services industry.
In these years, while many EAP’s provided services largely devoted to
substance abuse and mental illness, the Company continued to add to its growing list of
employee-related services, and establish itself as a leading regional provider of EAP
Services. In
May 1998, Apogee sold its group practices and its board of directors voted to change the
parent company name to Integra, Inc. making Integra a publicly traded company on June 15,
1998. It is headquartered in King of Prussia, Pennsylvania.
The last part of the nineties proved fruitful for Integra as it continued to grow,
signing many fortune 100 companies as clients. In
late 1999, Integra’s EASE program won the Employee Assistance Professional’s
Association industry award for its work with a large, notable client. Integra
has recently restructured to focus even more resources to its EAP services division,
bringing in a strong management team with vast healthcare, EAP and general business
experience. Integra was at one time a part of
the Foster Management group of companies in Philadelphia. They also owned NovaCare as well
as some other healthcare companies. Integra
was in essence impeded in Apogee, which was an 80 million dollar company that provided
benefits on sight through bricks and mortar. It was not a stand-alone business until about
2 years ago.”
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