NovaSys

About NovaSys

Established in 1996 and headquartered in Little Rock, Arkansas, NovaSys Health operates as a seasoned health plan administrator. The company was originally formed by a consortium of local hospitals before undergoing a management-led buyout in late 2008, where four of its executives, including then-CEO John Ryan, acquired the firm. This structure remained until May 2010, when NovaSys was acquired by Celtic Group, Inc., a subsidiary of Centene Corporation, to expand Centene's national footprint and integrate TPA and PPO network capabilities.

NovaSys functions as a third-party administrator (TPA) in the managed care sector, providing cost-effective health plan administration. Its business model revolves around offering managed healthcare services to a diverse client base that includes Arkansas state and public school employees. The company generates revenue by administering health plans, processing claims, and managing provider networks for these groups.

The core service is the administration of health benefits, which includes processing over 1 million healthcare claims annually for its more than 100,000 members. A key feature of its offering is a comprehensive preferred provider organization (PPO) network. This network is extensive, consisting of over 4,000 physicians and 67 hospitals within Arkansas, and expands to over 10,000 physicians and 142 hospitals in surrounding areas. To serve a broader demographic, including traveling members and college students, NovaSys also provides access to a national network with more than 600,000 provider locations.