published on July 19, 2022 – 3:32 PM
Written by The Business Journal Staff
HealthComp has named Chad Harris its new CEO after months of operating under an interim executive.
HealthComp is a Fresno-based third-party administrator for health care benefits. It most recently acquired a Louisiana-based competitor, the third-party administrator and care management division of Gilsbar. HealthComp itself was purchased by New York investment firm New Mountain Capital in 2020.
Founded in 1994, HealthComp serves more than 400,000 members in the self-funded employer industry. It has offices in Fresno, Illinois, West Virginia and Pennsylvania.
Harris succeeds Prasad Chintamaneni, managing director with New Mountain Capital, who served as the interim CEO for the last few months. The previous CEO was Jose Rivero, who oversaw the partnership with New Mountain Capital in 2020. Chintamaneni will continue to serve on the board of directors.
“We are pleased to welcome Chad and his decades of invaluable leadership experience and operational expertise in the healthcare technology space to the HealthComp team,” said Chintamaneni. “Under his leadership, we know the Company will continue to succeed in helping self-funded employers address the dual mandates in healthcare to reduce costs while improving quality of care. We look forward to working closely with Chad and the entire leadership team to continue to scale HealthComp’s business in this next phase of growth.”
Harris brings more than 30 years of experience as a global business and technology leader with significant expertise in creating and leading rapid growth in businesses. Harris comes from Texas-based Sentrics, a technology provider for senior living communities, where he acted as chief digital officer.
“I am excited for the opportunity to lead HealthComp and look forward to continuing its mission in providing best-in-class healthcare benefits administration, clinical and cost containment services that deliver better outcomes for our members and higher savings for our book of business,” Said Harris. “I have been incredibly impressed with HealthComp’s concierge-level service, robust analytics, and cost management system that delivers an industry-leading experience for our customers, and look forward to building on that leadership position alongside the existing leadership team, Board of Directors, and our partners at New Mountain Capital.”