"VSP Global is a unique company within the optical industry but also throughout the broader healthcare industry, with an important ability to take a long-term view of its work in expanding access to eye care and eyewear," said Michael Guyette, VSP Global President and CEO-elect. VSP expands its existing frame and practice solutions business by acquiring Marchon, an industry-leading manufacturer, designer, and distributor of quality eyewear and sunwear. To date, VSP network doctors have provided eye exams and eyewear at no-cost to over a million people in need through a partnership with VSP Global's Eyes of Hope®. Before joining Blue Cross and Blue Shield of Minnesota in 2012, Guyette held senior leadership positions at Aetna, Blue Cross and Blue Shield of Florida and Independence Blue Cross. Davenport joins VSP Global with more than a decade in D&I leadership roles, most recently with Amazon Web Services. Visit the VSP Provider Hub. In 1955, a small group of optometrists had a vision to provide access to affordable, high-quality eye care to the world. VSP Global ⦠VSP purchases its fourth optical lab, Ultra Lens, in Fort Lauderdale, FL. Their most recent investment was on May 2, 2018, when NeuroVision Imaging raised $11.2M. One of VSP Globalâs subsidiaries is VSP Vision Care, the only national not-for-profit company that delivers value to their customers through access to quality eye care and affordable ⦠VSP Global announced that it has acquired San Antonio, Texas-based Visionworks.. From the house founded by Donna Karan in 1984, DKNY emerged in 1989. VSP Global VSP Global Guyette leaves his posts as president and CEO of Blue Cross and Blue Shield of Minnesota to come to VSP. Looking forward, VSP Global has its sights on reimagining how eye care and eyewear are delivered globally. In September, VSP celebrates its 50th anniversary. CVS officially becomes Vision Service Plan (VSP) when it registers the VSP service mark. VSP Vision Care launches in the Australia, UK and Ireland markets. Rancho Cordova-based VSP Global has two new executive team members, both with connections to CEO Mike Guyetteâs former positions at Blue Cross and Blue Shield of Minnesota. VSP Global ® VSP Global offers world-class products and services to eye care professionals, employers, and our members worldwide. The response, which provided eye care for 11,175 people, would grow into the VSP Mobile Eyes® program. VSP Global partners with more than 38,000 VSP network doctors worldwide to serve 85 million members globally. Dallas - (March 17, 2010) â Today, Essilor, Luxottica Group, and VSP Global SM announced the creation of the Think About Your Eyes Coalition. He brings years of experience in designing and leading cross ⦠VSP Global is a group of companies that offers personalized eye care, optical, and business solutions. He has more than 20 years of management experience in the industry. ⦠The VSP Global brand launches, further extending its reach across the world to help people see. Visionworks will continue to operate independently while VSP Global assesses business integration ⦠VSP begins providing voluntary coverage to many of the more than 8 million federal employees and retirees. VSP Global celebrates a huge milestone — helping 1 million people see through Eyes of Hope programs — and announces the A Million More initiative to provide no-cost eye care and eyewear to an additional 1 million individuals in need by 2020. Our industry-leading businesses include VSP® Vision Care, ⦠RANCHO CORDOVA, Calif., Feb. 13, 2018 /PRNewswire/ -- VSP Global® today announced that Michael J. Guyette has been appointed President and CEO of VSP Global. #IAMDKNY. VSP also provided the American Red Cross with 3,000 gift certificates valued at $1.15 million to distribute to Red Cross clients affected by the destruction. VSP signs its first major health plan client, marking VSP's entrance into the managed care market. Are You a Provider? VSP celebrates 60 years of vision, innovation and giving, and welcomes its fourth president and CEO, Jim McGrann. With 2017 gross billings reaching $5.3 billion, VSP Global is poised for growth in 2018 across its lines of business, which also includes Marchon® Eyewear, Inc., a leading international designer, manufacturer and distributor of high quality eyewear and sunwear; VSP Optics Group, an ophthalmic lens technology and lab services provider; Eyefinity®, the largest electronic health records and practice management software company in the optical industry; and VSP Retail, which delivers connected consumer experiences designed to strengthen the relationship between VSP members and their eye doctors through online and offline channels. The deal, the details of which were not disclosed, is the single largest investment in VSPâs history. As a result, membership increases 11 times to more than 31 million. VSP Global's complementary businesses include VSP® Vision Care, the only national not-for-profit vision benefits company, which provides access to eye care for its 85 million members around the world through a network of 38,000 eye doctors; Marchon® Eyewear, Inc., one of the world's largest designers, manufacturers and distributors of high quality eyewear and sunwear; VSP Optics Group, industry leaders in ophthalmic technology and lab services, providing custom lens solutions for the vision and lifestyle needs of patients; Eyefinity®, the eye care industry's largest electronic health records and practice management software company, and VSP Retail, which creates connected consumer experiences designed to strengthen the relationship between VSP members and their eye doctors. Guyette assumes the role of leading a more vertically integrated company, which includes VSP® Vision Care, the only national not-for-profit vision benefits provider that serves 85 million members globally. VSP Global provides relief efforts for victims of Superstorm Sandy with deployment of two VSP mobile eye care clinics and gives the American Red Cross 2,100 gift certificates, valued at more than $800,000, to distribute to those in need. Throughout the decade, the company continues to experience growth with revenue of $100 million, 2.4 million members, and a provider network of more than 5,000. VSP also begins offering a "direct to consumer" comprehensive eye care plan to those who don’t have access to vision coverage through an employer. References External links. With a dream to offer affordable, accessible, high-quality eye care insurance, a group of optometrists in Oakland, CA, form the first prepaid, not-for-profit vision benefit organization – CVS (California Vision Services), the precursor to VSP. VSP launches Eyefinity®, a separate company that provides business solutions to VSP network doctors. Health Plan Veteran to Assume Overall CEO Role of Global Eye Care and Eyewear Organization. Rob Lynch takes the helm of VSP as president and CEO. When Hurricanes Katrina and Rita devastated the Gulf Coast, VSP was on the scene to replace lost or damaged eyewear and help doctors continue to provide care. Further, the organization was ranked 4th in California as a top job creator. The VSP Global Premier Program is intended to help VSP members maximize their vision care benefits. They formed the first prepaid, not-for-profit vision benefit company, California Vision Services, the precursor to Vision Service Plan (VSP). As one of the VSP Global ® businesses, VSP Vision Care is the largest vision benefits company in the U.S. VSP launches the first VSP Mobile Eyes clinic with two state-of-the-art eye exam rooms and a full eyewear dispensary. The idea of pre-paid vision care catches on and CVS signs a significant client, the Western Conference of Teamsters. In 2015, the company celebrated its 60th "Diamond" anniversary, and now serves more than 80 million members, 57,000 clients and 37,000 network providers worldwide. To date, through Eyes of Hope programs that include Sight for Students and VSP Mobile Eyes, VSP Global has invested $175 million to provide no-cost eye care and eyewear for 1 million people in need. In addition, VSP purchases its third optical lab, Legends 4.0™, located in Lewisville, TX. Updated Jun 27, 2019, 2:34pm EDT Highmark is selling its controlling stake in eye-care retailer Visionworks to vision services VSP Global. The Shop collaborates with Nike Vision and Zeiss to create a new, innovative line of running eyewear that combines Nike's expertise in athletic performance and VSP Global's expertise in eyewear design. Marchon Eyewear is a VSP Global company. If you're service-oriented, quality-minded, relationship-driven, and dedicated, VSP Vision Care ⦠Announcing the launch of the VSP Global® COVID-19 Patient Care Program to help practices offset expenses and financial hardships due to the pandemic. In December, key VSP Global stakeholders met to discuss the need for an innovation arm within the organization to embrace disruption and test new products and business models. In 2010, he served as Chairman for the Consortium of Health Plans, a coalition of 21 Blue Cross and Blue Shield plans. VSP Global is a doctor-governed organization which connects its nearly 90 million members to affordable, accessible, high-quality eye care and eyewear. Nearly 18 million WellVision Exams® were delivered by VSP doctors to ensure that members received the personalized care they deserve, and more than $21 million in extra frame value was delivered. OfficeMate, Marchon’s practice solutions business, merges with Eyefinity to create Eyefinity/OfficeMate, and Altair becomes an eyewear division of Marchon. âI am eager to spend time listening to and talking with VSP ⦠The acquisition was completed on October 1, 2019. The VSP Global Premier Program is intended to help VSP ⦠VSP Global announces the launch of Eyes of Hope®, a global corporate social responsibility initiative. Official website; This page was last edited on 1 July ⦠Guyette has long been an advocate of making health insurance better aligned with the needs of consumers, and helped launch Minnesota's first retail health insurance store in November 2014. "The Board of Directors is extremely confident in Michael Guyette's ability to lead VSP Global successfully into the future through a time of unprecedented competition and change," said Daniel L. Mannen, O.D., F.A.A.O. With these endeavors, VSP vastly expands its footprint in the optical industry. Frames on display at the VSP Global Showroom (Image credit: VSP) VSP Globalâs innovation lab (âThe Shopâ) was created in December, 2012, to innovate with external entrepreneurs and partners. VSP Global has made 3 investments. Vision care benefits grow increasingly popular among employers as they recognize the competitive advantage of providing their employees with a complete benefits package. The VSP Eye on Wellness program launches, helping doctors achieve their annual continuing education requirements at no cost to them, while empowering them with the latest research and data on important subject matters impacting the profession. WSP is one of the worldâs leading professional services firms. VSP also ranks 10th in Fortune Magazine's "Best 100 Companies to Work for.". VSP launches the VSP Eye on Diabetes campaign which provides free comprehensive eye exams and health risk assessments for diabetes and high blood pressure to low-income, uninsured, and underinsured Americans. Additional $15 frame payment when a VSP ⦠RANCHO CORDOVA, Calif.âVSP Global announced today that it has entered into a definitive agreement to acquire San Antonio, Texas-based Visionworks, subject to completion of regulatory approval. During the first decade of the millennium, VSP celebrates its 50th anniversary, launches Eyefinity, a business solutions company for practices, and buys the frame company Marchon. VSP announces a partnership to provide prescription lenses for members who use Google Glass and introduces a training program for optometrists to become certified as VSP Glass Preferred Providers. âVSP Global is a unique company within the optical industry but also throughout the broader healthcare industry, with an important ability to take a long-term view of its work in expanding access to eye care ⦠Reimagining how eye care and eyewear are delivered. When not responding to disaster, the clinic will travel the U.S. to provide no-cost eye care and eyewear for people in need. From VSP Global ® lines of business and industry leading companies, you have exclusive access to enhanced rewards and savings.. Marchon and Altair Eyewear. RANCHO CORDOVA, Calif., Feb. 13, 2018 /PRNewswire/ -- VSP Global® today announced that Michael J. Guyette has been appointed President and CEO of VSP Global. With more than 82 million members and counting, the company continues its commitment to people around the world with a lifetime of good vision. We want to thank you for continuing to go above and beyond to meet the needs of your patients. Company profile page for Vision Service Plan Inc including stock price, company news, press releases, executives, board members, and contact information Automated Payment Solution Reduces Overhead and Lowers Expenses. He also held a variety of senior sales and marketing positions with Prudential Healthcare and Continental Insurance. Level was designed and developed by VSP Global’s innovation lab, The Shop, with frames produced by Marchon Italy. About VSP Global VSP Global is a doctor-governed company that exists to create value for members and opportunities for VSP network doctors. VSP Global doesnât break out ecommerce sales but generates annual revenue of about $5.6 billion, according to Crunchbase.com. "I am eager to spend time listening to and talking with VSP network doctors, clients, members and employees to gain a deeper perspective of our go-forward strategy and future possibilities.". Guyette will succeed VSP Global ⦠The company designs, markets and distributes collections of ⦠VSP Global launches Level™ smart glasses, featuring activity-tracking technology seamlessly embedded inside the temple of an optical frame. VSP responds to the destruction caused by 358 tornadoes in 21 states with a state-of-the-art 45-foot mobile eye exam clinic to help tornado victims regain their sight after losing or breaking their glasses. With a growing client base and rapid business expansion, CVS moves its headquarters from Oakland to Sacramento, CA, under the leadership of John O'Donnell, the first president and CEO. Pete Bridgman, president of Visionworks, will report to Guyette effective immediately. 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