Health Payment Systems moves HQ to larger space

Health Payment Systems recently moved its corporate headquarters to 735 N. Water St. in downtown Milwaukee.

Health Payment Systems, Inc., (HPS), recently moved its corporate headquarters to a larger office space in downtown Milwaukee.

The company, which accelerates payments to health care providers in exchange for reducing health care costs for self-insured employers and their employees, moved its headquarters from 411 E. Wisconsin Ave. in downtown Milwaukee to 735 N. Water St. in downtown Milwaukee.

The company is now taking up 13,000 square feet of office space, which consists of most of the third floor of the 735 N. Water St. building. At 411 E. Wisconsin Ave. the company had only 4,900 square feet of space.

HPS was formed about two years ago and started with 9 employees. The company now has 25 full-time employees and 3 part-time employees.

“We are tripling our office space requirements due to our continuing growth,” said Bruce Lefco, chairman and chief executive officer of HPS. “We’ve also tripled the size of our staff since we’ve started, and plan on adding additional staff this year. Our self-insured employer-clients are extremely satisfied with our successes and savings and are telling their colleagues about us. Our current growth, although phenomenal, is being addressed by our planning and cutting edge IT systems. We’ve taken out the confusion and headaches related to the payment of health services with our unique super explanation of benefits form. This has propelled us far ahead of other, less efficient health care payers.”

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