Wayne, PA, June 26, 2019 – Steve Kelly, co-founder and CEO of ELAP Services, has been named a winner of the EY Entrepreneur Of The Year® 2019 Award in the Services category in Greater Philadelphia. The award recognizes entrepreneurs who excel in areas such as innovation, financial performance, and personal commitment to their businesses and communities, while also transforming our world. Kelly was selected by an independent panel of judges, and the award was presented at a special gala event at the Kimmel Center for the Performing Arts on June 19.
The award recognizes Kelly’s leadership, both at ELAP Services and within the Philadelphia community, as well as the company’s unwavering commitment to helping employers and their employees receive quality healthcare at a fair and reasonable price. Through partnerships with regional health systems, including Penn Medicine, ELAP Services offers employers a new kind of health plan that brings together world-class healthcare with a cost-containment solution.
In his acceptance speech, Kelly thanked EY for the recognition as validation of the concept and mission of ELAP Services. According to Kelly, “We were not an overnight success; it took us 12 years to get here. There were a lot of sleepless nights, but it was all worthwhile. We want to take the momentum generated by this award to become a stronger, more positive corporate citizen of Philadelphia.”
ELAP Services was founded to address the national issue of skyrocketing healthcare costs that overburden employers and their plan members, who lack representation in the ongoing healthcare debate. Since its founding in 2007, ELAP Services’ reference-based pricing solutions have dramatically reduced healthcare costs for more than 450 self-funded employers with some 300,000 plan members nationwide. ELAP Services’ 200 employees work with employers to custom design self-funded plans and serve as plan member advocates, reducing an employer’s healthcare costs by as much as 30%.
Since 1986, EY has honored entrepreneurs whose ingenuity, spirit of innovation and discipline have driven their companies’ success, transformed their industries and made a positive impact on their communities. Now in its 33rd year, the Entrepreneur Of The Year program has expanded worldwide to recognize business leaders in more than 145 cities in over 60 countries.
As a Greater Philadelphia award winner, Kelly is now eligible for consideration for the Entrepreneur Of The Year 2019 National Awards. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California, on November 16, 2019. The awards are the culminating event of the Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.
About ELAP Services
ELAP Services specializes in healthcare solutions that reduce insurance costs for self-funded employers. The company offers a full-service program that ensures employers, their employees, and health systems receive a fair price for healthcare. From custom plan design to member advocacy, ELAP offers a portfolio of services that support clients with successfully navigating the changing healthcare climate and effectively managing their costs. Founded in 2007, ELAP has grown to serve more than 450 organizations, reducing their costs by as much as 30%. Headquartered in Wayne, Pa., ELAP is a company of the Water Street Healthcare Partners, a strategic investor focused exclusively on the healthcare industry.
About Entrepreneur Of The Year®
Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in over 60 countries. ey.com/eoy