Street Mailing Address:
Cobalt Ventures, LLC
8140 Ward Parkway, Suite 430
Kansas City, MO 64114
Cobalt Ventures, LLC offers a range of innovative solutions to strengthen existing health care services. Through our subsidiaries, we offer a comprehensive range of products to address the health care needs of employers and employees, easily and cost-effectively. We embrace fresh ideas, deliver flexible solutions, and develop key partnerships that open the door to incredibly beneficial opportunities.
Our subsidiaries have developed award-winning health care services through a true understanding of how to craft successful models that deliver healthy results for people and partners. Each subsidiary operates autonomously where they compete with similarly targeted providers. This ensures that each have the ability to grow independently and quickly react to market changes. The competitive advantage Cobalt Ventures provides is the ability to leverage advancements in one subsidiary to the benefit of the entire company's offerings. Many health care providers will be pleased to learn the diverse coverage of solutions they are able to provide. It is our goal to:
Cobalt MedPlans specializes in claims processing services to health care plans. We are an outsourcing partner for insurance claims processing for staff augmentation backlog reduction, system conversions and facility consolidation. We serve Blue Cross and Blue Shield, HMO, Medicaid, Medicare Advantage and Commercial Health Plans.
When you team with Cobalt MedPlans, you gain a tactical partner and asset to your organization. We have a work force and management team that is highly experienced. We maintain a detailed mobilization plan that is collaboratively developed and conduct daily quality assurance audits to augment the quality reviews conducted by our clients. We also back up our promises with service level guarantees within your specific requirements.
We work off-site by connecting to the client's system via VPN or dedicated network, thus eliminating the need for additional hardware or software expenses. For new clients, Cobalt MedPlans achieves 100% of your performance expectations and quality metrics typically within six to eight weeks. We are dedicated to providing the most cost-efficient, accurate claims processing services in the industry.
Preferred Health Professionals offers Preferred Provider Organization (PPO) networks as well as customer service, sales and account service, and claims re-pricing throughout Kansas and Missouri. Our experienced, customer service professionals average over 18 years with Preferred Health Professionals. We provide responsive, knowledgeable service to you and your employees. Our networks are some of the most well-established, stable networks in this region, offering unparalleled access to excellence in health care delivery and services. We also partner with our clients to build a complete health care package that is flexible, comprehensive, and convenient. These value-added products include: dental, adjudication system, wellness program, nurse help line and other health care related necessities.
Our mission is to provide innovative, high-quality and cost-effective provider network arrangements and other health care products and services for the benefit of our customers, and ultimately to improve the health status of the people in the communities we serve.
HealthyFit is the industry's go-to organization offering clients premier wellness programs that transform the health of their employees. Many corporations, seeking to implement healthy ideals in the workplace, choose HealthyFit for it's customizable programs, expert wellness consultants, and products and tools.
The core components of these programs include access to a Wellness Portal, advice from a wellness consultant, on-site health events, individual health screenings and goal strategies as well as reporting and population assessments.
Our purpose, as your wellness guide, is to transform the health of your employees, bring healthy ideals to the workplace culture and track milestones. Our goal is to give you the tools necessary to connect with your employees as they actively manage their individual health and wellness goals. HealthyFit is your way to working wellness!
CompAlliance is dedicated to increasing the quality and value of workers' compensation services through our PPO network, medical bill review, workflow solutions and case management. Our extensive network of physicians, hospitals, clinics and case management delivers significant savings through quality relationships.
CompAlliance offers the best selection of multi-specialty providers and facilities. We partner with providers that meet our rigorous credentialing criteria. Clearly, our providers are impressed with our network — many of them have become CompAlliance clients. We are a Managed Care Organization committed to your employees' swift recovery. That's why we seek out physicians that specialize in occupational medicine... a key factor in the timely return to work of your employees.
CompAlliance is a multi-state, provider-based PPO network. Our network of healthcare providers includes health systems as well as independent specialty practitioners. And our broad geographic coverage assures that you will have a selection of high-quality physicians and facilities nearby to provide prompt service.
New Directions Behavioral Health provides solutions that drive down health care costs and absentee rates, lower risk, and increase productivity. Through our Employee Assistance Program, Health Coaching, Managed Behavioral Healthcare and Performance Solutions, we address employees' workplace, personal, and lifestyle issues.
As behavior change agents, our core technologies encompass a full range of evidence-based practices and proven success in assisting individuals and organizations find balance and health. We help corporate customers achieve greater employee productivity while giving individuals tools to attain healthier and more balanced lifestyles.
Cobalt Astra is a comprehensive human resource company. We bring efficiencies by automating business functions, while maintaining a personalized touch with employees. Our clients receive a value-added services for their employees that accurately and cost-effectively manages paperwork and procedures. These increased efficiencies save time for business owners to focus on core business and productivity concerns.
We offer all the traditional human resource services from hiring to training. We have developed a package of benefits that will enable you to attract and retain the most talented workforce in your industry. We also help you with compliance and risk management including audits and reporting. As a full service we help your employees at every level by providing accurate and reliable payroll processing services, reporting and all taxes relating to payroll. Cobalt Astra also offers a comprehensive benefits package that gives employees online access to health insurance, retirement plans, cafeteria plan and direct deposit payroll reports.
Cobalt Talon is the only analytics provider in the health care industry that offers business intelligence through customized software service solutions. We deliver not only state-of-the-art technology, but also exceptional flexibility and economy that traditional approaches cannot. Cobalt Talon's turnkey system turns data into actionable intelligence – at a lower cost than operating an in-house system or working with other providers' software and systems.
While other providers may offer “point solutions” or only software for you to purchase, Cobalt Talon combines customized, state-of-the-art technology and analytics expertise to aggregate, integrate and implement comprehensive solutions. Partnering with Cobalt Talon, you will be able to generate useful information that helps you use resources more efficiently and improve care quality and health outcomes.
Cobalt Ventures, LLC offers a range of innovative solutions to strengthen existing health care services through our subsidiary companies. Cobalt Ventures takes conventional healthcare management and makes it more nimble and flexible.
Cobalt MedPlans is a flexible and tactical partner providing cost-efficient, accurate claims processing.
Preferred Health Professionals provides high-quality and cost-effective provider networks and other health care products and services.
HealthyFit provides wellness programs for corporations that transform the health of their employees and implement healthy ideals.
CompAlliance, is a subsidiary of Cobalt Ventures, LLC. We provide an efficient workers' comp network, PPO bill review, case management, PPO network access, web services and workflow solutions.
New Directions Behavioral Health provides a complete package of behavioral health services for employees and their family members.
Cobalt Astra is a Human Resources Outsourcing company providing comprehensive services and a full suite of benefits that help your employees at every level.
Cobalt Talon is an integrated provider of analytics for the health care industry that offers business intelligence through customized software service solutions.
Cobalt Ventures, LLC
8140 Ward Parkway, Suite 430
Kansas City, MO 64114
Kevin Sparks Chief Executive Officer Read more
Kevin Sparks joined Blue Cross and Blue Shield of Kansas City in September 2003 and is currently serving as Group Executive of Enterprise Strategy. In this role, he is lead executive directly responsible for strategic planning, healthcare reform implementation, retail strategy and social media. He is responsible for the formation and implementation of business transformation strategy to move Blue KC from business to business (B2B) to business to consumer (B2C). Kevin is also CEO of Cobalt Ventures, LLC, the holding company for BlueKC's diversification subsidiaries, and Chairman of the NDBH Holding Company, majority owned by Cobalt Ventures. Prior to joining Blue Cross and Blue Shield of Kansas City, he worked as the Vice President of Technology for Coventry Health Care of Kansas to assist them in the transition of their acquisition of HealthNet, a provider owned health plan in Kansas City. Mr. Sparks served as the Vice President and Chief Information Officer for HealthNet for four of his eight year career with that company. He began his career outside of health care in Aerospace Engineering with Honeywell Systems, formerly AlliedSignal Aerospace. He also worked for the Federal Bureau of Investigation.
Mr. Sparks is an active member of Blue Cross and Blue Shield District IX and is vice chair of the Blue Cross and Blue Shield Association Business and Technology Executive Committee (BTEC), He is a member of the Blue Cross and Blue Shield Association Interplan Programs Committee (IPPC) He is former chair of the Blues Strategy Group on TriZetto (BSGT) and the Blue Cross and Blue Shield IT Roundtable. He also serves on the DST Customer Advisory Board, and is the Vice Chair of the Asthma and Allergy Foundation of America, Kansas City Chapter Board. He was named as Ingram's Magazine's 40 under 40 class of 2006 and Ingram's Fittest Executives in 2009. Mr. Sparks is an alumni of the Kansas City Civic Council Kansas City Tomorrow program. Kevin is a nationally recognized CIO.
Mr. Sparks holds a Master of Science degree from Missouri State University and a Bachelor of Arts degree from the University of Kansas.
Jeffrey D. Nelson President and Chief Operating Officer (Acting) Read more
Jeffrey Nelson is Acting President and COO of Cobalt Ventures, LLC. From 2011 to 2012, he served as Chief Marketing Officer for Cobalt Ventures. Jeff began his career in health plans and health plan networks with a former Kansas City-based health plan network, in 1991. He moved to Blue Cross and Blue Shield of Kansas City in 1995, serving as Marketing Communications Manager and later as Marketing Director, overseeing marketing efforts in all market segments. Prior to Cobalt Ventures, Jeff worked as Vice President, Marketing, Communications, and Product Development for a $3+ billion health plan with more than 1.5 million members located in the northeast U.S. In that role he was a member of the company's Senior Leadership team, reporting to the President and CEO. He oversaw marketing, communications and product development in all market segments, leading a team of more than 100 professionals. He was involved in all aspects of strategic development for the organization, and spoke regularly throughout the region and in Washington, D.C. on health plan-related issues.
Jeff attended the State University of New York (SUNY) College at Buffalo and Washburn University in Topeka, KS. He has previous experience in the news media and in politics prior to his career in health plans and health insurance.
Kyle Turner Chief Marketing and Business Dev. Officer Read more
Responsibilities include business development for Cobalt Ventures, including development of business relationships with Blue and non-Blue health plans and important distribution partners. Providing support for and the creation of sales and marketing plans within individual Cobalt Ventures companies to enable sales by deploying a go-to-customer strategy, defining market size, opportunity, message, and targets. Executing marketing strategy with sale process, customer engagement, and funnel management tools to achieve the key metrics established at individual company and Cobalt Ventures levels. Engagement with the Cobalt Ventures subsidiary product development and enrichment processes, offering guidance and insight for pricing and promotion strategies, and development of cross-selling packaging opportunities between the various Cobalt companies.
For additional information relating to Kyle’s background and experience, please refer to the following:
Jen Regas Chief Financial Officer Read more
Jen Regas is responsible for the financial results of Cobalt Ventures and its subsidiaries. In her role, she leads the budgeting and strategy process for each subsidiary and the roll-up to Cobalt Ventures, as well as drive financial analysis, dashboards, and metrics that assist our executive management team and Board of Directors in the ability to make strong financial based decisions on the current portfolio of companies and the financial metrics necessary to make additional investments in the portfolio.
Prior to Cobalt Ventures, Jen was the managing director of a consulting firm in Kansas City where she acted as an executive consultant to large and small regional companies in the areas of finance, process, cost cutting, and strategic planning. She previously spent 8 years at AMC Theatres as Vice President of Accounting & Analysis. She started her career at Deloitte & Touché.
Jen holds a Bachelor of Arts Degree from University of Northern Iowa and is a Certified Public Accountant in the State of Missouri. She also volunteers by sitting on the Finance Committee of Women’s Employment Network (WEN) and is on the Executive Board as Treasurer and Finance Chair of Neighborhood Housing Services (NHS) of Kansas City.
For additional experience relating to Jen’s background and experience please refer to her LinkedIn page.