Cornerstone Preferred Resources
Cornerstone Preferred Resources is a Houston-based Third Party Administrator founded in 1996 that processes medical, prescription drug, dental, vision, and stop-loss claims for mid-size self-funded employers nationwide, supported by the CHS WebAccess portal.
- Company typePrivate
- Founded1996
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cornerstone Preferred Resources does
Cornerstone Preferred Resources, Ltd. (CPR) is a privately held Third Party Administrator (TPA) headquartered in Houston, Texas, founded in 1996. The company administers self-funded employee health benefit plans for mid-size employers nationwide, processing claims across medical, prescription drug, dental, vision, and stop-loss lines of business. CPR supplements core claims administration with related support functions including access to healthcare provider networks, medical management programs, COBRA and HIPAA compliance services, and wellness program administration.
CPR's underlying technology is a state-of-the-art administrative system designed to facilitate plan design, enrollment, reporting, and billing, with efficient claims review, verification, and processing at its core. Members, dependents, providers, and employers interact with the system through CHS WebAccess Version 17.0, a secure web portal using 256-bit SSL encryption that provides 24/7 real-time access to claim and benefit information, printable EOBs, and billing statements. The firm holds approved-administrator status with multiple highly rated stop-loss carriers and is an active member of the Health Care Administrators Association (HCAA) and Texas Association of Benefit Administrators (TABA).
CPR's business model is recurring in nature, generating revenue through administrative fees charged to employer clients, structured as per-employee-per-month (PEPM) or per-claim processing fees on negotiated, quote-based contracts. Go-to-market is sales-led and partnership-driven: CPR works in concert with insurance brokers and benefit consultants who act as intermediaries in designing and implementing plans for mid-size employer clients. The firm is led by William A. O'Keefe as Chief Executive Officer and President, and the company operates with a 11-50 employee footprint serving a distributed base of mid-size employers.
Cornerstone Preferred Resources firmographics
Firmographics- Name
- Cornerstone Preferred Resources
- Legal name
- Cornerstone Preferred Resources, Ltd.
- Website
- https://cprtpa.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cornerstone Preferred Resources is a Houston-based Third Party Administrator founded in 1996 that processes medical, prescription drug, dental, vision, and stop-loss claims for mid-size self-funded employers nationwide, supported by the CHS WebAccess portal.
- Ownership category
- akta.pro rank
Cornerstone Preferred Resources industry classification
Industry- Product category
- Third Party Benefits Administration
- NAICS
- Insurance and Employee Benefit Funds (5251)
- SIC
- Hospital & Medical Service Plans (6324), Accident & Health Insurance (6321)
- akta.pro primary industry
- Utilization Review & Prior Authorization Support (BPAAAFAF)
Keywords
Where Cornerstone Preferred Resources is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cornerstone Preferred Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Third Party Administrator Services: As a Third Party Administrator, CPR generates revenue through administrative fees charged to employer clients for claims processing, benefit plan administration, and related support services. Revenue is derived from ongoing administrative contracts with mid-size employers, typically based on per-employee-per-month (PEPM) fees or per-claim processing fees.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Cornerstone Preferred Resources product offering
Product offeringCore offering
Cornerstone Preferred Resources (CPR) is a Third Party Administrator that provides claims administration and benefit plan services to mid-size employers nationwide. The company administers self-funded health benefit plans covering medical, prescription drug, dental, vision, and stop-loss claims, complemented by plan design, enrollment, reporting, billing, COBRA/HIPAA compliance, medical management, and wellness program support. Services are delivered alongside brokers and benefit consultants and accessed through the proprietary CHS WebAccess online portal.
Product overview
Cornerstone Preferred Resources (CPR) offers a unified suite of Third Party Administrator services centered on claims administration for self-funded employer health plans. The core portfolio includes medical, prescription drug, dental, vision, and stop-loss claims administration, complemented by access to healthcare provider networks, medical management programs, COBRA/HIPAA compliance support, and wellness programs. All services are coordinated through collaboration with brokers and benefit consultants to design and implement customized plans for mid-size employers nationwide. CPR supplements its service offerings with CHS WebAccess™, a secure online portal providing 24/7 real-time access to claims and benefit information for members, dependents, providers, and employers.
Differentiator
Problem solved
Functional benefit
Products and services
- Claims Administration
Quantifiable outcome
- Transformed over 3 million lives as a TPA
Companies that use Cornerstone Preferred Resources
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Cornerstone Preferred Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Cornerstone Preferred Resources partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Health Care Administrators Association (HCAA)coreCPR is an active member of HCAA, a professional association for health care administrators. This membership provides industry networking, professional development, and advocacy resources for Third Party Administrators.
- Texas Association of Benefit Administrators (TABA)coreCPR is an active member of TABA, the state-level association for benefit administrators in Texas. This membership provides networking opportunities with other TPAs and benefits industry professionals at the regional level.
- Stop-Loss Insurance CompaniescoreCPR is an approved Administrator for a number of highly rated stop-loss insurance companies. This approval status allows CPR to administer stop-loss benefits as part of their comprehensive TPA services to self-funded employer clients.
Scale indicators2 records
Recent moves4 records
Cornerstone Preferred Resources competitors and assessment
Company assessmentEmerging players
- Take Command Health: Take Command Health is a digital health benefits platform that helps employers set up and administer self-funded plans. It represents an emerging, tech-enabled approach to the same self-funded administration market CPR serves.
Broad incumbents
- Cigna Healthcare: Cigna is a major health insurer and benefits administrator that provides TPA-style services for self-funded employers. Comparable to CPR in administering medical/Rx/dental/vision benefits, but at much larger scale and breadth.
- Aetna (CVS Health): Aetna, part of CVS Health, is a major national health insurer and benefits administrator with TPA capabilities for self-funded employers. It is a broader incumbent offering overlapping services to the same employer buyers CPR targets.
- UMR (UnitedHealthcare): UMR is the largest Third Party Administrator in the U.S., a UnitedHealth Group subsidiary that administers self-funded health plans. It is comparable to CPR because both serve as TPAs handling claims, network access, and stop-loss for self-funded employer plans, though UMR operates at vastly greater scale.
Direct peers
- HealthSmart: HealthSmart is a national TPA providing self-funded plan administration, network access, and health management programs. It competes directly with CPR for mid-size employer benefits administration business.
- Meritain Health: Meritain Health is a TPA that administers medical, pharmacy, dental, vision, and stop-loss benefits for self-funded employers, including mid-size companies. It is highly comparable to CPR in business model, service mix, and target customer segment.
- Wellfleet: Wellfleet is a TPA/workforce solutions provider administering self-funded health and stop-loss programs for employers and groups. Comparable to CPR in self-funded plan administration and stop-loss capabilities.
- Benefit Administrative Systems (BAS): BAS is a TPA providing medical, dental, vision, prescription and COBRA administration for self-funded plans. Highly comparable niche TPA competitor to CPR for mid-size employer business.
- Key Benefit Administrators: Key Benefit Administrators is a TPA focused on administering medical, dental, vision, disability and other employee benefits for mid-market employers. Its product set and customer profile closely overlap CPR's offering.
- AmeriHealth Administrators: AmeriHealth Administrators is a TPA providing claims administration, network management and stop-loss services to self-funded employer plans. Direct overlap with CPR in TPA service model and customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Cornerstone Preferred Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cornerstone Preferred Resources leadership team
Management profileNumber of profiles
Profiles1 record
Cornerstone Preferred Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cornerstone Preferred Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cornerstone Preferred Resources
What does Cornerstone Preferred Resources do?
Cornerstone Preferred Resources (CPR) is a Third Party Administrator that provides claims administration and benefit plan services to mid-size employers nationwide. The company administers self-funded health benefit plans covering medical, prescription drug, dental, vision, and stop-loss claims, complemented by plan design, enrollment, reporting, billing, COBRA/HIPAA compliance, medical management, and wellness program support. Services are delivered alongside brokers and benefit consultants and accessed through the proprietary CHS WebAccess online portal.
Is Cornerstone Preferred Resources a public or private company?
Cornerstone Preferred Resources is a private company. It is classified as unknown and is currently operating.
When was Cornerstone Preferred Resources founded?
Cornerstone Preferred Resources was founded in 1996. It employs 11 to 50 people.
Where is Cornerstone Preferred Resources based?
Cornerstone Preferred Resources is headquartered in Houston, United States, in the North America region.
How does Cornerstone Preferred Resources make money?
One revenue line is on record: third Party Administrator Services.
Who are Cornerstone Preferred Resources's main competitors?
Take Command Health is listed as an emerging player. Broad incumbents are Cigna Healthcare, Aetna (CVS Health) and UMR (UnitedHealthcare). Direct peers are HealthSmart, Meritain Health, Wellfleet, Benefit Administrative Systems (BAS), Key Benefit Administrators and AmeriHealth Administrators.
Does Cornerstone Preferred Resources have an API?
No public API is recorded for Cornerstone Preferred Resources.
What industry is Cornerstone Preferred Resources in?
Cornerstone Preferred Resources's product category is Third Party Benefits Administration. Its primary akta.pro industry code is BPAAAFAF, Utilization Review & Prior Authorization Support. Its NAICS code is 5251 and its SIC code is 6324.