BNET Industries

Devon Health

is in the Government Industry

Last Fiscal Year Sales:$17.5M
  • Private
  • US
Dow Jones Description

Devon Health Services, Inc. began as a radiology-specific Preferred Provider Organization (PPO) in 1991, and in four years transformed into an all-inclusive regional PPO in Pennsylvania, New Jersey, and Delaware. Devon Health provided network services to third-party administrators, insurance companies, unions, and other self-funded payors and, even early on, competed with national networks and insurance carriers. In the mid 1990s, regional PPO networks became prevalent. While others lost revenue, were bought, or went out of business, Devon Health maintained clients and generated profits, but experienced limited growth in market share and exposure. Competition dictated that revenue and profit margins were liable to shrink. Devon Health's founder and CEO, Dr. John Bennett, and then COO (now president), Charles Falcone devised a way to keep Devon Health from becoming a stagnant, land-locked PPO. Realizing that many of their clients had members across the country, which forced them to work with several networks to provide medical access to their members, it became apparent that Devon Health had to go nationwide. The company's vision soon shifted from the idea of being a regional PPO network to becoming a National Healthcare Cost Management Company. In order to reach the next level of success, Devon Health began to strategically align itself with key companies to expand its access and product offerings...

Founder & Chief Executive Officer, Devon International Group
John A Bennett
Number of Employees 74
Contact Information

1100 First Ave Ste 100

King of Prussia, Pennsylvania 19406

www.devonhealth...

1 610 265 8000

NAICS Code Administration of Public Health Programs: 923120

News & Analysis

devon health - All News and Analysis

  • Devon Health Names Vice President of Sales for Midwest Region

    - 2007-04-02

    Increase in Service Offerings, National Network Growth Spark Expansion of Sales Force KING OF PRUSSIA, Pa. -- In response to its increase in cost-containment services and continued network expansion, Devon Health has named Lynne Frost as its vice president of sales for the Midwest region. Devon Health Services, Inc.,...

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  • Devon Health Promotes Jeffrey Penn to Executive Vice President of Sales

    - 2007-03-13

    One of Company's First Employees to Spearhead Newest Claims Settlement Initiatives KING OF PRUSSIA, Pa. -- Devon Health today announced the promotion of Jeffrey Penn to executive vice president of sales. Devon Health Services, Inc., is a National Healthcare Cost Management company and the Northeast's most extensive Preferred Provider...

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  • Devon Health to Offer HIPAA-Compliant Laptop

    - 2006-11-15

    Wireless News 11-15-2006 Devon Health to Offer HIPAA-Compliant Laptop WIRELESS NEWS-November 15, 2006-Devon Health to Offer HIPAA- Compliant Laptop C2006 10Meters - http://www.10meters.com Devon Health announced the availability of SafeBook, a HIPAA- compliant laptop that enables...

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  • Devon Health to Offer Secure, HIPAA-Compliant Laptop for Healthcare Industry

    - 2006-11-15

    SafeBook[TM] to Advance Security, Mobility of Healthcare IT KING OF PRUSSIA, Pa. -- Devon Health today announced the availability of SafeBook[TM], a HIPAA-compliant laptop that enables secure mobile computing, for its provider network. Devon Health Services, Inc., is a National Healthcare Cost Management company and the Northeast's most extensive...

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  • Devon Health and Group Health Incorporated Announce Strategic Alliance

    - 2006-11-14

    Devon Health to Serve as GHI's Exclusive Marketing Arm for Out-of-State TPAs and Self-Insured Employers KING OF PRUSSIA, Pa. -- Devon Health Services, Inc., a National Healthcare Cost Management company and the Northeast's most extensive Preferred Provider Organization PPO, has announced a strategic alliance with Group Health Incorporated GHI,...

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Decision Makers

Name (plus bio) Position
John A Bennett Founder & Chief Executive Officer, Devon International Group
Charlie Falcone President
George Clark Controller and Chief Financial Officer
Jeffrey Penn Executive Vice President of Sales
Andrea L. Fischer Vice President of Operations
Barbara Grundy Evans Vice President of Business Services
Michael Tosti Associate Vice President of Client Services
Darren Behuniak Director, Marketing & Communications

Board of Directors

Name (plus bio) Position
Galen Hawk Chairman of the Board of Directors

For the last twenty years, Dr. John A. Bennett, MD, has been one of the most recognized businessmen in the Philadelphia area. A local and national leader in the healthcare and technology industries, Dr. Bennett is currently the President and Chief Executive Officer of the Devon International Group. Dr. Bennett joined Delaware County Memorial Hospital as an emergency room physician in 1978. Three years later, he was elected to the hospital's Medical Executive Committee and made Director of Emergency Services. In June of 1984, he was elected president of the Medical Executive Committee. In 1984, he founded ATI Centers, Inc., which consisted of 13 outpatient diagnostic imaging and physical therapy centers located throughout Pennsylvania and New Jersey. Fueled by immediate interest in the company, Dr. Bennett and a handful of employees set out to build a preferred provider organization with services to encompass all provider specialties and succeeded.

Organization Position Status
Devon Health Founder & Chief Executive Officer, Devon International Group Current

Organization Position Status
Devon Health President Current
Supply Marketing, Inc. Current
Devon Health Services, Inc President Former
Devon Health Intern Former
Villanova University B.S. In Mathematics Former

Mr. Clark is an experienced "hands-on" business leader with significant experience in financial reporting and controls, financial and corporate management information systems, and general corporate administration. He has had extensive business experience in healthcare services, including Multi-specialty Physician Practices, Third Party Administrators, Physician Search, Property & Casualty Insurance, in addition to his current service at Devon Health, which began in 1992. Mr. Clark received his B.S in Business Administration, Magna Cum Laude, from Widener University, and is a member of the AICPA and PICPA.

Organization Position Status
Devon Health Controller and Chief Financial Officer Current
Picpa Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
Widener University B.S In Business Administration Former

Organization Position Status
Devon Health Executive Vice President of Sales Current
Devon Health Director of Market Development Former
Villanova University Bachelor's Degree Former

Organization Position Status
Devon Health Vice President of Operations Current
Devon Health Project Leader Former

Organization Position Status
Devon Health Vice President of Business Services Current

Organization Position Status
Devon Health Associate Vice President of Client Services Current

Organization Position Status
Devon Health Director, Marketing & Communications Current
Devon Health Board of Directors Current

Mr. Hawk has thirty years of experience in the practice of law before state and federal courts in Pennsylvania, Ohio, New York, Illinois, Michigan, Maryland, and the District of Columbia. Mr. Hawk has developed expertise in managed health care law, real estate law, notes and mortgage drafting, litigation, contract formation and litigation, legal writing, trial practice, appellate practice, debt restructure, refinance, legal remedies, and business and judicial remedies in bankruptcy. In addition, Mr. Hawk has developed an expertise in mergers and acquisitions which includes the sale of businesses as stock transfers, asset transfers, and any combination thereof with real estate. In the recent past, Mr. Hawk has restructured $100 million dollars in debt for a variety of entities and holds the distinction of representing the largest number of individuals and entities with respect to matters pending before The Resolution Trust Corporation, commonly known as the "RTC," restructuring in excess of $100 million dollars in real estate, debt, and liabilities. Mr. Hawk is or has been general counsel to twenty-six entities and is currently a member of the Board of Directors of ATI Centers, Inc. and Co-Chairman of the Board of Directors of Devon Health Services, Inc. and Devon IT, Inc., all of which he formed, chartered, and represented. Further, Mr. Hawk is Chief Executive Officer of MMO Partners, a Pennsylvania general partnership and joint venture comprised of Medical Mutual of Ohio, an Ohio mutual insurance company, and Devon Health Services, Inc. Mr. Hawk is a member of the Supreme Court of Pennsylvania, United States District Court for the Eastern District of Pennsylvania, United States District Court for the Middle District of Pennsylvania, United States District Court for the Western District of Pennsylvania, Third Circuit Court of Appeals; Pro Hac Vice: Wayne County Circuit Court, Detroit, United States District Court for the Southern District of New York, United States District Court for the Northern District of Ohio, Toledo, United States District Court for the Middle District of Ohio, Court of Common Pleas of Columbus, Ohio, United States District Court for the Northern District of Illinois, Cook County Circuit Court, Chicago, United States District Court for the District of Maryland, and DC Circuit Court of Appeals. Mr. Hawk received a Bachelor of Arts in English from Villanova University and his Juris Doctor from Villanova University School of Law. Mr. Hawk is a licensed pilot (SEL).

Organization Position Status
Devon Health Chairman of the Board of Directors Current
Resolution Trust Corporation Former
Pennsylvania Supreme Court Member Current
Villanova University School of Law Juris Doctor Former
Villanova University Bachelor of Arts In English Former