News

Read the latest news and updates about HealthComp.

Employer healthcare costs are projected to rise by 6.5% in 2023[1]. Employers and brokers are increasingly interested in finding innovative …

Tribal Edge Insurance, a Native American‐owned brokerage firm, is excited to announce it has selected preferred vendors HealthComp, a third …

HealthComp brand and operation unification aims to bring agile benefits to more members nationwide Fresno, CA [August 2022] – HealthComp …

HealthComp Holding Company LLC (“HealthComp” or “the Company”) a leading Third-Party Administrator (TPA) of healthcare benefits for self-funded employers, today …

HealthComp recently partnered with an independent actuarial firm to provide an analysis of HealthComp’s Clinical Care Management participant claims data[...]

Wakely researchers compared cost savings and utilization to industry averages to assess the effectiveness of HealthComp’s care management programs[...]

FRESNO, Calif.--(BUSINESS WIRE)--HealthComp Holding Company LLC (“HealthComp” or “the Company”), a New Mountain Capital company and a leading Third-Party Administrator (TPA) [...]

FRESNO, Calif. (January 4, 2022) – HealthComp, the largest independent health benefits administrator in the country, today announced the appointment of Michael Scallen [...]

The evolution of reference-based pricing has paved a smoother path to cost savings [...]

Collaboration to prevent low-value care in real-time and drive optimal use of care services for HealthComp employer clients[...]

HealthComp Navigation powered by Grand Rounds Health will provide the flexibility of a health plan administrator[...]

HealthComp, the largest independent health benefits administrator in the country, today announced the appointment of Sanoj Balakrishnan to the position …

HealthComp, the largest independent health benefits administrator in the country, today announced the appointment of Justin Tran to the position …

Brokers and benefit advisers must be aware of digital health trends, so they can help employer groups design a digital health ecosystem appropriate for COVID-19 and beyond[...]

FRESNO, Calif.--(BUSINESS WIRE)--HealthComp, the largest independent health benefits administrator in the country, today announced the appointment of Thomas Martel to the position of Chief Growth Officer (CGO)[...]

HOSPITALS AND HEALTH SYSTEMS provide care for the sick and injured, but they’re also employers—some of which are quite large, operating with thousands of employees[...]

With the strain brought on by the pandemic, employers are in dire need of innovative, cost-savings solutions[...]

Today, unnecessary use of emergency departments (EDs) can significantly impact healthcare spending for employer groups[...]

Cancer is one of the leading causes of death and disease in the United States[...]

As healthcare evolves, public entities are looking for new programs that promise savings and improved outcomes[...]

Medical costs are expected to grow again in 2019 at a rate that will outpace inflation. As a result, many public entities are being pressured[...]

CHICAGO--(BUSINESS WIRE)--More brokers and employer groups are exploring[...]

WHCC TV 2019 Interview with Marty Joseph, HealthComp Holdings[...]

National health expenditures are expected to grow 5.5% annually between 2018 and 2027 according to the most recent report from CMS[...]

The U.S. health care system is notorious for its lack of price transparency[...]

To combat skyrocketing healthcare costs, a growing number of employers are moving towards reference-based pricing (RBP)[...]

WASHINGTON — A big problem in the healthcare industry is that most employees aren’t aware of the prices of certain medical services until they receive the bill[...]

CHICAGO--(BUSINESS WIRE)--Reference-based pricing (RBP), in which self-insured employers [...]

A successful organization is a productive one, but a lot can stand in your way. Here’s how to get around the barriers to create a more efficient working environment[...]

Chad Harris

Chief Executive Officer

 

Chad Harris serves as the CEO of HealthComp and is a value-driven healthcare leader with over twenty years of experience running business process and information technology businesses as a senior executive. Chad has a reputation for creating and controlling rapid growth by focusing on the intersection of customers, market dynamics, and the new digital world.

 

Chad has held many senior executive positions and led global teams of more than 10,000 people across dozens of counties. Chad has grown both large and small businesses, from those with less than $100M of revenue to those producing multiple billions of revenue, focusing on delivery, customer satisfaction, and innovation to create market leadership.

 

Chad's philosophy is to inspire change by doing what comes naturally, putting the needs of others before his own, working incredibly hard, and focusing on "how" to accomplish things, never "if they can be accomplished."

Thomas Martel

Chief Growth Officer

 

Tom serves as the Chief Growth Officer at HealthComp. In this role, Tom focuses on strategic initiatives aimed at accelerating HealthComp’s growth nationwide. His passion lies in assessing market and enterprise structures and creating efficiencies that enable teams to deliver best-in-class performance.

 

Previously, Tom led Cigna’s largest employer segment, largest region which was comprised of several health plans including the two largest health plans. He worked closely with Market Presidents and their leadership teams to develop and execute local market strategy and deliver growth for the enterprise. Tom earned his degree from Saint Anselm College and holds certifications from The Wharton School and the Darden School of Business at the University of Virginia. In his spare time, he enjoys sailing and holds a Master Captain’s license with the U.S. Coast Guard. He is also active in community outreach programs including local food bank and shelter services.

Sanoj Balakrishnan

Chief Technology Officer

 

Sanoj Balakrishnan serves as the Chief Technology Officer at HealthComp. In this role, he oversees the company’s overall technology strategy and architecture, building secure and highly scalable distributed systems.

 

Most recently, Sanoj served as Head of Healthcare Digital Business and Technology at Cognizant, working with payers and providers in developing solutions that reduced healthcare costs and provided a best-in-class experience for members. Earlier in his career, he worked at technology organizations in a variety of software engineering and architecture roles. Sanoj earned his B.S. from University of Mumbai and Computer Systems Management from National Institute of Information Technology.

Justin Tran

Executive Vice President, Product

 

Justin serves as the Executive Vice President of Product at HealthComp. He has 8 years of experience in developing and delivering solutions that reduce health care costs, improve quality, and provide a best-in-class experience for members. Most recently, Justin was an Associate Partner and business unit leader at McKinsey & Company where he helped large carriers and healthcare technology companies build new clinical services and solutions for fraud, waste, and abuse. Justin earned his B.S. in Accounting and Data Informatics from Indiana University, Bloomington.

Tucker Stein

Chief Financial Officer

 

Tucker serves as the Chief Financial Officer of HealthComp. Tucker previously worked for The Boeing Company in a number of finance and strategy roles, most recently as a finance lead for the Transactions and New Business Development group. In this role, Tucker led investments and strategic partnerships for Boeing’s Space and Communications portfolio. Tucker earned his MBA at Stanford’s Graduate School of Business and his Bachelors of Science at the University of Redlands.

Tom Georgouses

General Counsel

 

Tom is involved in multiple areas of HealthComp including Operations, Compliance and Legal Affairs. Tom was admitted to the California Bar in 1990 and started his legal career with Stammer, McKnight, Barnum and Bailey, LLP. When he left the firm to join HealthComp in 2014, he was the Managing Partner (he had represented HealthComp since 2003). In private practice, Tom’s areas of focus included healthcare and transactional work. Tom holds a Bachelor of Science Degree in Business Administration-Finance from California State University Fresno and received his Juris Doctorate from San Joaquin College of Law.

Rishab Bansal

Chief Transformation & Operations Officer

 

Rishab serves as the Chief Transformation & Operating Officer at HealthComp. Rishab focuses on transforming and modernizing HealthComp’s operations to provide delightful and distinctive experiences to its members, providers, and clients. His agenda includes integrating all entities towards a One HealthComp vision, driving profitable growth, and delivering value and business outcomes.

 

In his former work over the last 2 decades, he has helped clients across industries to transform themselves by bringing industry-leading practices and digital and data-led disruption. As the trusted advisor to the C-suite, Rishab helped his clients leapfrog on their transformation journey to accelerate business outcomes and helped them unlock new opportunities to drive profitable growth, profitability, and enhanced experience for their employees and clients.

EDI Information

If you are a healthcare provider and have the capability to submit healthcare claims electronically and use one of the clearinghouses listed below, please use the associated payor ID to submit claims destined for HealthComp.

Clearinghouse Medical Payor ID Dental Payor ID
Availity 85729
Capario HCOMP
CareVu 85729
Dental XChange DX029
Emdeon/WebMD 85729 85729
Claimant.com 85729
I-Plexus Solutions 85729
McKesson (RelayHealth) 85729
CPID:
HCFA - 3206
UB - 2934
NDC 85729
Office Ally 85729
OptumInsight (Formerly Ingenix) 85729
Tesia 85729

We strongly advise that you confirm our payor ID with your clearinghouse before you submit claims electronically to us.
For questions regarding our EDI capabilities, please contact our EDI Coordinator



Elaine Davis

Chief Human Resources Officer

 

Elaine Davis serves as CHRO for HealthComp. Elaine previously served as CHRO for Continuum Global Solutions and has served in executive leadership positions for Xerox and GlaxoSmithKline. Elaine holds Bachelor’s and Master’s degrees from the University of California at Berkeley.