Industry veteran joins BevCap Management’s healthcare captives team

BevCap Management has announced that William Slocum has joined as executive vice president within its healthcare captives division.

According to BevCap Slocum will focus his industry expertise on self-funded plan cost management and reference-based pricing to bring clients cost-focused captive benefits solutions.

Having worked on the retail broker and cost management solution sides of the industry, Slocum brings deep expertise in helping employers with self-funded and alternative-funded medical plans to actively manage claims spend, the company stated. He also has extensive knowledge of the direct contract and reference-based pricing markets, gleaned from many years of working within that specific industry vertical.

"Will brings important depth and expertise in self-funded cost management to our team. We are thrilled to have his experience to fuel our growth," said Lance Abbott, chief executive of BevCap Management. "As we grow our presence in the medical stop loss captive market, Will can help us reach more customers with new cost management solutions."

Before joining BevCap, Slocum held sales leadership positions at two of the top Reference Base Pricing firms in the industry. He is passionate about reducing healthcare costs. “Employers are continuing to look for answers as healthcare costs continue to rise,” said Slocum. “Employees have health plans they are unable to benefit from because out-of-pocket costs are too expensive. We can do better.”