Tuesday, May 21, 2024

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BevCap hires William Slocum as EVP within healthcare captives division

BevCap Management has appointed William Slocum as executive vice president within the company’s healthcare captives division.

BevCap builds and runs several member-owned group captives in the United States, including BevCap Captive Group, BevCap Health and Sharefield.

Slocum will focus on self-funded plan cost management and reference-based pricing to provide clients with captive benefits solutions.

“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, CEO 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.”

Having previously worked on the retail broker and cost management solutions, Slocum brings expertise in helping employers with self-funded and alternative-funded medical plans to actively manage claims spend.

“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.”