BOSTON, Mass., Aug. 28, 2020 – Benefits Science Technologies (BST) announced today that Tom Leonard has been named Director of PEO & Special Risk. He brings the requisite expertise and profile to effectively manage BST’s division providing solutions to PEO, stop-loss writers, and other risk-bearing entities that would benefit from BST’s unique blend of data warehousing and data optimization tools.
Tom will apply his experience in analytics and machine learning models to identify key cost drivers, improve risk margins, and recommend predictive risk and underwriting methodology changes to help clients optimize their complex healthcare decisions.
“Tom brings over 25 years of experience in a wide variety of leadership roles and actuarial positions within the healthcare market to our team.” said Stephen Sofoul, MBA, CEO & President. “His unique insights into this specialized market will play an important role as we continue to execute our strategic priority to lead innovation in the healthcare decision space – to help clients better define, predict, and prescriptively respond to risk.”
Tom brings over 25 years of experience in a wide variety of leadership roles and actuarial positions within the healthcare market, including lead financial officer and actuary of a number of business units with Great-West Specialty Risk, Milliman Brazil and as Aon’s lead PEO healthcare actuary.
“I am excited to join BST’s amazing team of data scientists, actuaries, and IT professionals who have created groundbreaking data science and optimization techniques.” said Leonard, “PEOs and ESL writers can now apply models that are faster and more insightful to focus on the key issues rather than spend weeks and months trying to process data.”
Tom served as Senior Managing Director of Aon’s Reinsurance Solutions Division, where he developed and delivered analytical solutions to accident-health-life companies purchasing healthcare reinsurance. Prior to that, he was the Senior Vice president and West Region Actuarial Practice Lead at Aon Healthcare. In this role, he led 30 actuaries in delivering actuarial results to a variety of as Fortune 500 firms, Welfare Trusts, Professional Employment Organizations (PEOs), and state health plans ranging in size from $100M in medical spend up to well in excess of $1.5B
He received his B.S. in Interdisciplinary Mathematics and Statistics with an Actuarial Science Option, graduating with distinction from Purdue University, Indiana. He is a Fellow with the Society of Actuaries and a member of the American Academy of Actuaries. Tom and his family currently reside in Denver, Colorado.
About Benefits Science Technologies
BST provides data analytics software/analysis to help manage the risk of self-funded health plans. Plan holders improve their connection to data, empowering optimal decisions to control costs, and improve the quality of care for plan members. The company distributes these capabilities to employers directly, through brokers/consultants, or by association with carriers (stop-loss and voluntary benefits providers), benefit administrators, PEOs, TPAs, PBMs, and/or cost-containment providers.
Founded in 2012, the company is recognized as a world-leading research and applied science team, applying advanced analytics and Robust Optimization to complex health insurance decisions. Led by a 30-year MIT professor and Co-Director of the Operations Research Center, the MIT-trained team combines world-class technical knowledge and practical financial experience.
A powerful and unique feature of the platform lies in its ability to provide prescriptive recommendations. The company’s Health Plan Optimizer designs optimal health plan configurations while obeying overall premium, business quality, and other plan owner-specified criteria. These tools enable consultants/brokers and employers to model “what if” scenarios for plan configuration, including stop-loss and supplemental plan design. BST delivers timely, customized business intelligence, tailored to the specific healthcare needs of the group, empowering decision-makers to maximize every healthcare dollar. The company is headquartered in Boston, MA, with offices in Atlanta, GA, and Houston, TX.
Benefits Science Technologies
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