Barney & Barney Acquires Virtual Cosourcing Solutions

May 14, 2010

San Diego-based Barney & Barneyannounced today that it has acquired Virtual Cosourcing Solutions and hired its CEO Stan Lambert as a principal. Lambert has launched the firm’s Specialty Services Divisionto provide the firm a platform to deliver consumer insurance offerings, as well as promote improved business processes within the firm’s Employee Benefits division. Expanded services will include extended customer service hours, online enrollment services, and an online purchasing portal.

San Diego-based Barney & Barneyannounced today that it has acquired Virtual Cosourcing Solutions and hired its CEO Stan Lambert as a principal. Lambert has launched the firm’s Specialty Services Divisionto provide the firm a platform to deliver consumer insurance offerings, as well as promote improved business processes within the firm’s Employee Benefits division. Expanded services will include extended customer service hours, online enrollment services, and an online purchasing portal.

“This acquisition and the addition of Stan Lambert, his team and the launch of our Specialty Services Division is a key part of our growth strategy,” said Managing Principal and CEO Paul Hering.

“As the health insurance model undergoes transition prompted by health care reform, this provides Barney & Barney a broader platform to serve the growing segment of seniors and individuals seeking healthcare coverage, as well as employers who may purchase group coverage through an exchange type model in the future,” said Principal Shawn Pynes, who heads the firm’s Employee Benefits Division.

Prior to joining Barney & Barney, Lambert was the CEO of Virtual Cosourcing Solutions, which offered insurance companies end-to-end services such as sales, new member programs, service, retention and medical billings. He has more than 17 years of industry experience, including senior leadership positions with PacifiCare Health Systems and Kaiser Permanente.

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