5700 GRANITE PKWY STE 455 PLANO, TX 75024 Get Directions (972) 334-0909. www.vsp.com . San Antonio, Texas 78288 ." VSP agreed to acquire optical chain Visionworks in 2019. The Company offers vision insurance services to individuals and families. Columbus, OH Vision Service Plan Rancho Cordova CA 95670, United States VIEW FULL PROFILE Megan Greene. CVS, in this context, became a champion of vision care coverage, a company with a pioneering mission that was forced to wait for its innovative message to change conventional thought. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html. The company expanded across the US in the 1980s. The effort began as an employee benefits program that drew its first members primarily from labor and management trust funds and school districts, a business concept that was novel and limited in its reach. There are 10 companies that go by the name of Vision Service Plan, Inc.. VSP provides vision insurance products and services to eye care professionals, employers, and consumers. Under the terms of the agreement with the Masters, Mates, and Pilots Local 90 Union, CVS paid claims in the port cities of Boston, New York, Philadelphia, New Orleans, Galveston, Seattle, and Portland. The next important contract was signed seven years later after numerous smaller agreements added to the legitimacy of the company's concept. VSP boasts a network of more than 22,000 doctors that serves the company's 41 million members. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates. https://www.encyclopedia.com/books/politics-and-business-magazines/vision-service-plan-inc, "Vision Service Plan Inc. With VSP, your vision care comes first. Vision Service Plan (VSP Global) is a top managed eye care benefits provider that serves nearly 90 million members in the US, Australia, Canada, Ireland, Singapore, Hong Kong, and the UK. Sponsored. In 1974, it assumed control over the administration of Nevada Vision Service, an arrangement that soon led to CVS signing its first client in the state. It expanded into international markets with the 2009 launch of the VSP Global brand. Such data fueled Valine's confidence that VSP would continue to grow well into the future. 21 Dec. 2020 . Aside from branching out into new areas to stimulate growth—Eyefinity was established as a for-profit entity—Valine continued to look to the company's primary business for growth opportunities. VSP Ventures formed a joint venture with Rosin Eyecare to acquire Coley and Coley Family Eyecare and Shanks Family Eye Care in the Nashville, Tennessee, market later that year. Sacramento, CA It’s also one of the higher allowances for contact lenses in the industry. Enter the email address associated with your account, and we will email you instructions for re-setting your password. The company's filing status is listed as Withdrawn and its File Number is 0170584. Vision Plans Direct to You - Affordable Individual and Family Vision Insurance Web site:http://www.angelica.com Miami, FL The company launched Eyefinity in 2000 and acquired Marchon in 2008. Company is incorporated on31st May 2006. Most online reference entries and articles do not have page numbers. Indianapolis, IN . VSP completed its first steps toward becoming a multistate insurer during the 1970s. Vision Service Plan serves customers worldwide. The company's registered agent is CORPORATION SERVICE COMPANY, 40 TECHNOLOGY PARKWAY SOUTHSUITE 300, Ben Hill, NORCROSS, GA, 30092, USA The company's CFO is DONALD BALL, JR., 3333 QUALITY DRIVE, … Combined, the two transactions added $72 million in annual revenue. Cite this article Pick a style below, and copy the text for your bibliography. The following year, an office was opened in Atlanta, which served as the company's southeastern hub for a six-state region. In 2019 the company announced plans to open retail eyewear locations under the Eyeconic brand to extend the reach of its eyeconic.com ecommerce site. This organization has not appeared on the IRS Business Master File in a number of months. U.S.A. Read employee reviews for Vision Service Plan, Inc.. U.S.A. Valine used the momentum built up during the 1980s and the first years of the 1990s and guided VSP toward greater heights. For close to half a century, we have and will continue to be a trusted advisor in eyecare wellness benefits. The company offers a $150 allowance for either frames or contacts, which makes it better than most of the percentage-based discounts that other providers offer. 3333 Quality DriveRancho Cordova, California 95670U.S.A.Telephone: (916) 851-5000Toll Free: (800) 852-7600Fax: (916) 851-4858Web site: http://www.vsp.com, Private CompanyIncorporated: 1955 as California Vision ServicesEmployees: 1,900Sales: $2.06 billion (2004)NAIC: 524114 Direct Health and Medical Insurance Carriers. VSP Global has expanded into new service areas over the years through acquisitions and organic measures. New York, NY The deal with Northeast Vision Service Plan was completed in early 1994, adding 1.4 million members in an eight-state region. Within three years of its founding, the organization offered itself to the American Optometric Association, but the national body perceived no need for an entity of CVS's ilk and declined to purchase the company. Rancho Cordova, CA 95670-9757 Kalb, Loretta, "Rancho Cordova, Calif., CEO Runs Vision Service Plan on Respect, Innovation," Sacramento Bee, June 13, 2004. (516) 844-7800 Vision Service Plan (VSP Global) is a top managed eye care benefits provider that serves nearly 90 million members in the US, Australia, Canada, Ireland, Singapore, Hong Kong, and the UK. The company also branched into the eye care provider market in 2019 when it launched its VSP Ventures unit, which gives optometrists a care-focused option when looking to sell their practices. At VSP, we're dedicated to offering affordable, high-quality eyecare plans that put people first, support visual wellness and improve one's quality of life. Employers, labor unions, and parties involved in collective bargaining arrangements generally focused first on medical coverage before moving down the line to employee benefits related to death, disability, dental, pharmaceutical, pensions, profit sharing, and vacations. Southfield, MI Company Profile. The higher paying positions at Vision Service Plan include java developer, benefits advisor, applications developer, and business analyst. What became the largest eye-care insurer in the country began with more modest intentions during the mid-1950s. Vision Service Plan, Inc. VSP Global, Inc. provides optometry services; manufactures and distributes eyewear; and also provides vision benefits plans. Vision Service Plan, Inc. industry is listed as Sales & Marketing Office. Fax: (314) 854-3890 Chairman: Tim Jankowski U.S.A. The company provided insurance to ten million members in 38 states during the year and extended its coverage to all 50 states by early 1994, when revenues eclipsed $500 million. VISION SERVICE PLAN, INC. is a business legal entity registered in compliance with the national legislation of the State of Connecticut under the legal form of Non-Stock. Melville, New York 11747-8905 Chicago, IL Therefore, that information is unavailable for most Encyclopedia.com content. Telephone: (215)238-3000 Public C…, 175 Broad Hollow Road 06-15269 Jan. 30 Subject: Ninth Circuit Affirms Judgment that Vision Service Plan Is Not Tax Exempt Keywords: Ninth Circuit Affirms Judgment that Vision Service Plan Is Not Tax Exempt Created Date: 1/31/2008 12:59:48 PM It may have merged with another organization or ceased operations. In 1976, the year CVS officially became VSP, the company widened its operating territory to a four-state area by assuming responsibility for Oregon Vision Service Plan. In 1990, the company created a program named Managed Eyecare that encompassed the spectrum of vision care services, including complex eye treatment that required surgery. Web site: http://www.aramark.com…, 9800 Fredericksburg Road As VSP celebrated the end of its first half-century of business in 2005, Valine's forecast boded well for the company, but the goal, if reached, was to be met without Valine occupying his posts as president and chief executive officer. Product/Service. Internet:http://www.express-scripts.com (213) 765-2000 Pulley, Mike, "Vision Plan Grows to Dominate," Business Journal Serving Greater Sacramento, March 22, 1993, p. 1. Fax: (215)238-3333 To determine if your school is a partner, please enter your school email address below. The decade also included two significant events that broadened its capabilities and its exposure to the vision care market. Public Company International Directory of Company Histories. This organization is not registered with the IRS. Then, copy and paste the text into your bibliography or works cited list. Telephone: (210) 498-2211 A customer-service call by phone costs a few dollars, while it costs a few cents to go on the Internet.". The incorporation date of this company is on 10th June 1985 and its headquarters can be found at NONE. Vision Service Plan, Inc. (click Stars to Rate) Title of Review 80 characters or less. Contact Customer Service at customerservice@vault.com, In-depth industry and profession profiles. ." International Directory of Company Histories. In 1979, under the VSP name, the company signed its first contract with a health maintenance organization (HMO), marking its entry into the managed care market, which represented a major market for VSP at the end of the century. VSP entered the 21st century as the industry giant, providing coverage to 12 percent of Americans and 31 percent of Californians. ; Cole Managed Vision; Davis Vision, Inc.; PacifiCare Health Systems, Inc.; Spectera, Inc. Clark, Shelby, "Vision Service Plan Has Its Eyes on More Growth," Business Journal Serving Greater Sacramento, May 23, 1994, p. 17. VSP Global expects the retail eyewear and provider market ventures to expand the reach of its eyewear products, grow its vision plan membership and care provider network, improve career options for optometrists, and improve patient access to affordable eye care. Through the company's subsidiary Eyefinity, which, unlike VSP is a for-profit entity, the company provides independent doctors a full range of services via the Internet. Web site: http://www.olsten.com In some cases apparently high growth rates may be caused by data that weren't available in previous years. Houston, TX The US District Court in Sacramento ruled against VSP and in 2009 the Supreme Court refused to hear the case. A major expansion and acquisition program was launched in 1984, the year the company created the State Professional Representative program, which consisted of a group of doctors selected from across the country who would advise VSP on issues pertinent to eye care. Denver, CO 1101 Market Street Undeterred by the lack of interest, CVS pursued its own path, signing its first multistate contract in 1958. More than 60 years later, that vision has evolved into providing world-class products and services to eye care professionals, employers, and more than 88 … In 1987, St. Louis became the center of the company's business in the Midwest, presiding over a six-state area. place. 14000 Riverport Drive The Registered Agent on file for this company is Secretary Of The State and is located at … Vision Service Plan Inc. financial report . The Company offers vision insurance services to individuals and families. Though VSP Global continues to operate as a not-for-profit, the company's tax-exempt status was revoked in 2003 after an IRS audit said it failed to meet the criteria. Its VSP Vision Care programs offer coverage ranging from general plans (eye exams and eyewear) to laser vision correction procedures through a network of more than 40,000 preferred doctors. In 2004, when the company's revenues eclipsed $2 billion, Valine projected that the company would generate $3 billion in revenues by 2012. Future Competition: Vision Service Plan Insurance's Fastest Growing Competitors These companies are in the same general field as Vision Service Plan Insurance and are rapidly expanding. San Francisco, CA . One year later, in September, the two entities merged, creating California Vision Services (CVS), the nonprofit eye-care provider that 20 years later became VSP. With a vision of providing access to high-quality, cost-effective eye care to the world, a group of optometrists founded VSP in 1955. ." Encyclopedia.com. Vision Service Plan, Chicago, Illinois. Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. In 1992, the company formed a subsidiary named Altair Eyewear, which was created to sell private-label frames to VSP's network of doctors. Vision Service Plan Inc. (VSP) is the largest eye-care insurer in the United States, providing vision health coverage to one out of every eight people in the country. Vision Service Plan Inc Quick Facts. The company formed a new e-commerce subsidiary named Eyefinity in 2000 to provide independent doctors services over the Internet. Pick a style below, and copy the text for your bibliography. VSP Global was founded in 1955 as California Vision Services by a group of optometrists. The company already operated in every state by the time Valine made his declaration, but the bulk of its business, even after years of geographic expansion, was derived from California. Shortly after opening its first two Eyeconic locations, VSP Global took a bold step deeper into the retail market by agreeing to acquire Visionworks, which operates more than 700 stores in 40 states. Vision Service Plan Inc., through its subsidiaries, provides eyecare plans, products, services, and solutions. Behind the managed care business is VSP's vertically-integrated eye care and eye wear business including frame manufacturing (Marchon and Altair), optical labs (VSP Optics), and optical practice management services (Eyefinity). Web site: http://www…, 424 South Woods Mill Road VSP boasts a network of more than 22,000 doctors that serves the company's 41 million members. U.S.A. We're committed to providing you with the best choices in eye doctors and eyeglasses, all while saving you hundreds! Portland, OR Vision Service Plan Inc. doesn't provide the information on its shareholders. After adding an office in Wisconsin in 1989, VSP ended the decade with eight million members, more than three times its membership base at the start of the decade. Maryland Heights, Missouri 63043 "We have worked very hard on incentives to come on the Internet because it saves us money. VSP Vision Care is a vision care health insurance company operating in Australia, Canada, Ireland, the US, and the UK and is a doctor-governed organization. Business Overview "Vision Service Plan" of Sacramento, CA 95811 operates primarily in SIC Code 6321 - Accident and Health Insurance and NAICS Code 524114 - Direct Health and Medical Insurance Carriers.Vision Service Plan is a small-sized business with medium revenue, that … U.S.A. Company is located in the register under the national Company number 170584. Industry: Ret Optical Goods, Other Professional Equipment and Supplies Merchant Wholesale, Optical Goods Stores Doing business as: Vision Service Plan V S P Optical Lab. Shawnee Mission, KS Marchon. Business Details Location of This Business 3400 Morse Xing, Columbus, OH 43219-3093 Greenville, SC The merger grew out of joint venture agreements among the three companies that preceded Valine's appointment as president and chief executive officer. Vision Service Plan, Inc. V. Vision Service Plan, Inc. VSP made its objective known in 1984, one year after it reached the $100 million mark in revenue. Valine, who had orchestrated a fourfold increase in revenues during his first dozen years, announced his intention to retire by the end of the decade. For instance, VSP Optics launched the Unity Relieve lens for digital eye strain in 2018 and the Sunsync Elite XT extra-active photochromic lens in 2019. In 1965, CVS signed a contract with the Western Conference of Teamsters, who agreed to include the company's vision care program in its benefits package. Members International Directory of Company Histories. In 1968, the company moved its central offices from Oakland to Sacramento, where its operations would be based into the 21st century. "Vision Service Plan Inc. Public Compa…, ARAMARK Tower 6 likes. During the 1980s, the company expressed its intention to become a national company, the first time a vision care specialist made a concerted bid to develop a 50-state membership base. Making vision first for everyone Members Eye care professionals Clients Health plans Brokers We encourage you to call your eye care professional to confirm they are open before you seek care. © 2019 Encyclopedia.com | All rights reserved. The company is divided into 5 businesses: “ eye care insurance, high-quality eyewear, lens and lens enhancements, ophthalmic technology, and connected experiences to strengthen the relationship between patients and their eye doctors.” It has about 80 … Roger Valine was hired as a management trainee in 1973, the year after he earned an undergraduate degree in sociology from California State University. Parsippany, NJ The impetus for the formation of CVS was drawn from a group of optometrists in the San Francisco Bay Area, who, with help from the California Optometric Association, decided to offer prepaid vision benefits, an undertaking they launched in a small shopping center in Oakland, California. Employees (All Locations): 8,655, Irvine, CA Fax: (210) 498-9940 Lewisville, TX Vision Service Plan Inc is located at 1110 N Old World 3rd St in Milwaukee and has been in the business of Services, Nec since 2010. By the end of the 1990s, membership stood at 27 million, with enrollment having more than tripled during the decade. (314) 770-1666 Despite VSP's ever expanding membership rolls, only 25 percent of U.S. businesses offered eye-care benefits to their employees. The company also operates Sight for Students, a program that provides eye exams and eyeglasses to low-income, uninsured children. We are a growing group of companies, working together to help people see. Though VSP Global continues to operate as a not-for-profit, the company's tax-exempt status was revoked in 2003 after an IRS audit said it failed to meet the criteria. International Directory of Company Histories. VSP doctors provide both eye exams and eyewear, with some of the eyewear provided to VSP patients made at the company's optometry lab in Sacramento. (December 21, 2020). 3333 Quality Dr . The name Vision Service Plan and the registered logo(s), service mark(s), and trademark(s) owned by Vision Service Plan or any of its subsidiaries or affiliates, and the contents of this site may not be used in any advertising or publicity, or other use without the prior explicit written permission of Vision Service Plan … Considerable progress was made during Valine's first five years in charge. Melville, NY Vision Service Plan Inc. Brands. Vision Service Plan, Inc. is a Connecticut Domestic Non-Profit Corporation filed on June 11, 1985. Current status of the company is Active/Compliance. Trying to get in touch with decision makers at Vision Service Plan, Inc.? Public C…, Maxicare Health Plans, Inc. Chesterfield, Missouri 63017 Facebook is showing information to help you better understand the purpose of a Page. Cents to go on the Internet. `` Plan has one of the decade Valine used momentum... 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