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HealthComp Appoints Justin Tran to Senior Vice President of Medical Cost Management Services

Justin Tran SVP Medical Cost & Client Services at HealthComp

HealthComp, the largest independent health benefits administrator in the country, today announced the appointment of Justin Tran to the position of Senior Vice President (SVP) of Medical Cost Management Services. In this role, Tran will bolster and innovate HealthComp’s strategies to contain medical costs for employer groups and their members.

Tran will collaborate with internal HealthComp team members as well as with brokers and employer groups to optimize cost-containment initiatives, including proactive clinical management; prevention of fraud, waste, and abuse; subrogation to third parties; managing trends brought about by COVID-19; helping to control pharmacy costs, and partnering with other care management programs.

“We’re excited to have Justin join our team,” said Jose Rivero, CEO of HealthComp. “We’ve always been strategic in how we control costs for our employer groups and plan members, but Justin brings significant expertise from his tenure at McKinsey & Company. With his knowledge, we’ll be able to take our medical cost-containment efforts to the next level. With healthcare costs continuing to spiral out of control, employers and employees alike want and need more sophisticated and innovative capabilities in this area.”

At McKinsey, Justin served as an associate partner and business unit leader for the medical cost management analytics practice. He managed a large global team consisting of data engineers, data scientists, doctors, pharmacists, and consultants – all focused on developing solutions to reduce costs, improve quality of care, and provide a best-in-class member experience.

“In my previous position, I had the opportunity to work with some of the largest national and regional health plans in the country,” said Justin Tran, SVP of Medical Cost Management Services. “Analytics are instrumental in identifying high-cost trends and applying the right solutions to improve plan performance. Now, I’m applying my skillset to the self-funded market, helping employers achieve the same level of savings, quality, and member engagement.”

HealthComp has developed a sophisticated technology platform with <a href=”https://healthcomp.com/healthcare-analytics/”>advanced analytics</a>. With these capabilities, it has leveraged data to successfully bend the healthcare cost curve, reducing unnecessary services and costs and improving care and member services. In its commitment to continuous improvement, Tran will ensure the company continues to leverage the latest capabilities, including machine learning and artificial intelligence, across its services.

“At HealthComp, we operate at the center of the health benefits ecosystem,” said Tran. “Our technology platform serves as the hub for integrating data from various stakeholders, including pharmacy benefit managers. By combining medical, pharmacy, and other data sets, we can identify additional opportunities for savings and quality. And we can perform deeper analysis and glean greater insights. For example, we can help employers identify unique health concerns in their member populations, and we can present a customized offering to meet their specific needs.”

“The industry has also reached a critical tipping point in value-based care,” Tran continued. “Health plans have long wanted to reimburse providers based on outcomes. For employers wanting to take this type of approach, HealthComp has all the data—on patients, medical conditions, and services around an episode of care—to make it a reality.”

“On the horizon, new rules—such as interoperability and transparency rules—have been passed but need to be put into effect. For example, the interoperability rules will require more sharing of information, as well as automation to minimize delays and streamline decisions. The transparency rules will help Americans know upfront how much a healthcare service will cost. This means new plan sponsor responsibilities regarding data sharing, but also new opportunities to leverage data. HealthComp is technologically savvy, so it’s ready to facilitate these requirements and continue to stay ahead of the game,” concluded Tran.

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.


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.