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HealthComp Appoints Thomas Martel to Chief Growth Officer


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). In this role, Martel will lead strategic initiatives to accelerate growth at HealthComp on a national scale. Integral to his role will be promoting HealthComp’s best-in-class results in containing healthcare costs, claims excellence, positively impacting clinical outcomes, and offering an exceptional experience for health plan members. Martel brings over 20 years of experience in the healthcare industry, most recently as president of large health plans at Cigna.

“As such, I’m really looking forward to bringing HealthComp solutions to a broader geographic audience.”Tweet this

“We’re thrilled to have an executive of Tom’s caliber join the HealthComp team,” said Jose Rivero, CEO of HealthComp. “With his leadership in growing health plans and an in-depth understanding of the health benefits ecosystem, he’ll be instrumental in driving HealthComp’s next stage of growth from coast to coast. Tom has a long and proven track record of exponentially increasing sales and market share, while also optimizing value and engagement for employers and their employees.”

“I’m excited to join HealthComp at this critical juncture in the company’s trajectory,” said Tom Martel, CGO at HealthComp. “As one of the leading TPAs in the country, HealthComp has built a strong foundation for clinical, operational and service excellence. Their mission to reduce costs, improve outcomes and deliver a superior experience for plan members has been tremendously successful in the market. Now, with the backing and support of New Mountain Capital, we’ll aim at making these capabilities known across the country.”

HealthComp announced its partnership with New Mountain Capital, a leading growth-oriented investment firm with $33 billion in assets under management, in November 2020. HealthComp will leverage New Mountain Capital’s deep sector knowledge, growth-oriented philosophy, and industry relationships to build out its next generation TPA model and accelerate its growth on a national scale.

With outstanding performance in healthcare cost reductions, member satisfaction, and clinical impact, HealthComp has experienced tremendous growth in the past few years. It now administers health benefits for more than 630 employer groups across all 50 states.

“This is an opportune time for HealthComp as the health benefits landscape has shifted,” added Martel. “Many employer groups are finding that today’s double-digit cost increases are unsustainable. They want an approach that goes beyond the traditional offering and instead leverages the latest innovations, digital health programs, and advanced technology—coupled with member and concierge services that deliver a personalized, human touch.”

Working with a creative, cutting-edge health plan administrator like HealthComp, customers have experienced a medical trend that’s two-thirds lower than the national average. In fact, a third of HealthComp customers see a zero to negative healthcare trend. “That’s unheard of during this time when healthcare costs are anticipated to continue rising. But HealthComp’s data analytics and care management programs get to the root cause of cost increases,” said Martel. “As such, I’m really looking forward to bringing HealthComp solutions to a broader geographic audience.”

Martel’s previous roles include president of large health plans and large regions at Cigna as well as a dual role as president of the Regional Employer Segment and Chief Distribution Officer for Specialty Products (including prescription, behavioral health, cost containment, and care management) at Cigna. He has successfully driven superior business results and grown market share for large managed care organizations and worked with leadership teams to ensure development and execution of market strategies aimed at growth and maintaining customer focus. Martel also dedicates a significant time to philanthropic efforts that support the community.

About HealthComp

HealthComp, a New Mountain Capital company, is the nation’s largest independent health plan administrator for self-funded employer groups. Along with medical, Rx, dental, vision, COBRA and HIPAA administration, we provide integrated solutions for flexible benefit plans including wellness management. HealthComp is the parent company of HealthComp (Fresno, CA), BAS Health (Homewood, IL), Benefit Assistance Company (BAC) (Ripley, WV) and Significa Benefits Services (Lancaster, PA). For more information about HealthComp, visit


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Phone: 818.610.0270

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

EVP of Partnerships and Strategic Accounts


Tom serves as the EVP of Partnerships and Strategic Accounts 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

Chief Growth Officer and EVP of Product Strategy


Justin serves as the Chief Growth Officer and EVP of Product Strategy 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 is a seasoned executive with deep experience in human resources, mergers and acquisitions, divestitures and transformation in large and small companies. Elaine has over 25 years of experience in human resources, marketing and communications in a range of industries that include information technology/business process services, life sciences/medical devices and financial services. Elaine brings focused expertise in governance, leadership coaching, branding and messaging with a focus on supporting female and minority leaders and emerging leadership talent.

Judy Schott

Chief Operating Officer


Judy Schott serves as the Chief Operating Officer and is a customer-focused healthcare leader who transforms operations to simplify the experience and deliver excellence. With deep knowledge of third-party administration, claims, eligibility, customer service centers, and compliance, Judy’s focus will include integrating all entities of HealthComp while driving profitable growth.

Kim Randazzo

Chief Customer Officer


Kim Randazzo serves as the Chief Customer Officer. In this role, she oversees account management for all divisions and HealthComp clients. Kim brings a wealth of strategic experience in account management to the HealthComp executive team, along with a practical understanding of the insurance business and what it takes to be the nation’s leading TPA.

Prior to joining HealthComp, Kim oversaw sales, account management, wellness, marketing, and implementation teams for Gilsbar LLC’s self-funded, association and affinity clients, and worked as an underwriter with Ochsner Health Plan and as an account representative with USI Services, Inc. She has over 26 years of experience in the healthcare insurance industry. A graduate of the University of New Orleans, she received her Bachelor of Science in Management in 1997 and her Master of Business Administration in 2002.