Opticare Vision Services
Opticare Vision Services is a Salt Lake City-based, privately held administrator founded in 1987 that designs and manages insured vision benefit programs and cost-containment services for U.S. employers and individuals. The company operates with 11–50 employees under founder-CEO Stephen Schubach.
- Company typePrivate
- Founded1987
- HeadquartersSalt Lake City, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Opticare Vision Services does
Opticare Vision Services is a privately held, for-profit company headquartered in Salt Lake City, United States, that delivers insured vision programs and cost-containment services to employers and individuals. The firm was founded in 1987 and has operated continuously under its founder, Stephen Schubach, who serves as president and CEO. With a workforce of 11–50 employees, Opticare sits in the small-cap segment of the U.S. vision benefits administration market, alongside larger carriers and third-party administrators such as EyeMed, VSP, and Davis Vision.
The company's stated product set is focused on the design, underwriting, and administration of vision benefit plans — covering exams, lenses, frames, and contact lenses — with a cost-containment overlay intended to manage utilization and unit costs for plan sponsors. Opticare serves two end markets: employer-sponsored group vision coverage and individual vision programs, suggesting a dual-channel distribution model that combines broker/consultant relationships for group business with direct or affinity channels for individual policyholders.
The business model is consistent with a specialty insurance administrator: Opticare generates revenue from premiums or administrative fees paid by employers and individuals, with margins influenced by claims experience, network discounts, and operating expense ratios. No pricing schedules, public revenue figures, customer logos, or partnership disclosures were available in the source data because the company's primary web page returned only a bot verification screen. As a result, scale, customer mix, and capital structure cannot be directly verified from the public footprint, which is itself a material diligence consideration for any prospective investor or acquirer.
Opticare Vision Services firmographics
Firmographics- Name
- Opticare Vision Services
- Website
- https://opticarevisionservices.com
- Company type
- Private
- Founded year
- 1987
- Headcount range
- 11–50 employees
- Short description
- Opticare Vision Services is a Salt Lake City-based, privately held administrator founded in 1987 that designs and manages insured vision benefit programs and cost-containment services for U.S. employers and individuals. The company operates with 11–50 employees under founder-CEO Stephen Schubach.
- Ownership category
- akta.pro rank
Opticare Vision Services industry classification
Industry- Product category
- Vision Insurance
- NAICS
- Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Commercial Vision Insurance Plans (Employer-Sponsored) (HLAEAJAA)
- akta.pro secondary industry
- Individual & Family Vision Insurance Plans (HLAEAJAB)
Keywords
Where Opticare Vision Services is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
Opticare Vision Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Opticare Vision Services product offering
Product offeringCore offering
Opticare Vision Services offers a wide range of insured vision programs and cost-containment services for both employer groups and individual consumers. The company administers vision benefit plans designed to manage and reduce eye care expenses for covered members, operating as a specialty vision benefits provider since 1987.
Differentiator
Problem solved
Functional benefit
Products and services
- Insured Vision Programs Insured vision benefit plans offered to employer groups and individuals, providing coverage for routine eye exams, lenses, frames, and other vision care services.
- Vision Cost-Containment Services Cost-management services for vision care that help employers and individuals control and reduce eye care expenditures through negotiated provider arrangements and utilization management.
Companies that use Opticare Vision Services
Customer profileIdeal customer profiles2 records
Opticare Vision Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Opticare Vision Services partnerships and signals
Strategic signalRecent moves1 record
Opticare Vision Services competitors and assessment
Company assessmentBroad incumbents
- Ameritas Vision: Insurance carrier offering group and individual vision plans, often through employer and association channels. Comparable vision insurance product type and B2B distribution model.
- VSP Vision Care: The largest U.S. vision benefits carrier, providing employer-sponsored vision insurance and provider networks. Directly comparable as a vision insurance/managed-care platform serving employers and members, though at vastly greater scale.
- Guardian Vision: Guardian's vision insurance product sold primarily through employer/worksite channels. Comparable on the employer-sponsored vision benefits dimension.
- MetLife Vision: Vision benefits offered by MetLife to employers and individuals, often bundled with dental. Comparable employer-facing vision insurance proposition.
- EyeMed Vision Care: Major national vision benefits carrier owned by EssilorLuxottica, offering employer and individual vision plans. Comparable value proposition and customer base to Opticare's insured vision programs.
- Anthem Blue Cross Blue Shield Vision: Vision benefits offered by Anthem to employer groups and individual ACA members. Comparable vision insurance product but with broader medical carrier footprint.
- UnitedHealthcare Vision: Vision benefits line of UnitedHealthcare offering employer-sponsored and individual vision coverage. Comparable as an integrated vision insurance product, particularly for self-funded employers.
- Versant Health (Davis Vision / Superior Vision): National vision benefits manager administering Davis Vision and Superior Vision plans for employers and health plans. Closely comparable as a vision insurance administrator serving employer groups.
- Aetna Vision: CVS Health-owned carrier offering employer and individual vision plans. Comparable employer-sponsored vision benefits offering.
Direct peers
- Direct Vision Insurance: A smaller, niche vision insurance provider focused on individual and employer vision plans. Closely comparable to Opticare in size, niche focus, and customer profile.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Opticare Vision Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Opticare Vision Services leadership team
Management profileNumber of profiles
Profiles1 record
Opticare Vision Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Opticare Vision Services 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 Opticare Vision Services
What does Opticare Vision Services do?
Opticare Vision Services offers a wide range of insured vision programs and cost-containment services for both employer groups and individual consumers. The company administers vision benefit plans designed to manage and reduce eye care expenses for covered members, operating as a specialty vision benefits provider since 1987.
When was Opticare Vision Services founded?
Opticare Vision Services was founded in 1987. It employs 11 to 50 people.
Where is Opticare Vision Services based?
Opticare Vision Services is headquartered in Salt Lake City, United States, in the North America region.
Who are Opticare Vision Services's main competitors?
Broad incumbents on record are Ameritas Vision, VSP Vision Care, Guardian Vision, MetLife Vision, EyeMed Vision Care, Anthem Blue Cross Blue Shield Vision, UnitedHealthcare Vision, Versant Health (Davis Vision / Superior Vision) and Aetna Vision. Direct Vision Insurance is listed as a direct peer.
Does Opticare Vision Services have an API?
No public API is recorded for Opticare Vision Services.
What industry is Opticare Vision Services in?
Opticare Vision Services's product category is Vision Insurance. Its primary akta.pro industry code is HLAEAJAA, Commercial Vision Insurance Plans (Employer-Sponsored), with a secondary code of HLAEAJAB, Individual & Family Vision Insurance Plans. Its NAICS code is 524210 and its SIC code is 6411.