edHEALTH Adds New Board Member from a Secondary School Member-Owner
Ben Hammond, Chief Financial & Administrative Officer from The Lawrenceville School Joins
FOR IMMEDIATE RELEASE: June 11, 2024
Northbridge, MA (June 11, 2024) edHEALTH announced today that Ben Hammond, the Chief Financial and Administrative Officer from The Lawrenceville School in New Jersey, was elected to the Educators Health LLC Board of Managers and the Educators Health Insurance Exchange Cell Subscribers Advisory Committee.
“Now that edHEALTH has expanded to include private secondary schools, we want to ensure that their specific needs are being addressed. That is why we invited Ben to join our Boards. His knowledge of educational institutions is extensive, and his experience will support edHEALTH’s strategic direction while also providing fiduciary oversight to edHEALTH LLC and edHEALTH Captive,” says Steve Hannabury, Chair of both the edHEALTH LLC Board of Managers and edHEALTH Captive Subscribers Advisory Committee.
As Lawrenceville’s Chief Financial Officer (CFO), Hammond has primary responsibility for the School’s business operations, financial management, budget and financial planning, and endowment and other assets. As the School’s Chief Administrative Officer, he also oversees Auxiliary Services and Summer Programs, Lawrenceville Summer Scholars, Human Resources, Lawrenceville’s Childcare Center, and Legal and Risk Management. He is an Officer of the corporation, serving as Treasurer of the School and Secretary to Lawrenceville’s Board of Trustees. In addition, he serves as the administration’s liaison and staff to the Board’s Executive, Finance, Investment, Trustees, and Audit and Risk Committees. Prior to Lawrenceville, Hammond served as the Vice President for Finance and Administration and Treasurer at Wellesley College, a founding member-owner edHEALTH school. He played a key role in the edHEALTH coalition during its first few years. Hammond also held leadership positions at Mount Holyoke College and Princeton University. Earlier in his career, he was a management consultant at McKinsey.
“We are so fortunate to welcome Ben back to edHEALTH. Ben understands the value our coalition can bring to other educational institutions, and he’s enthusiastic about sharing Lawrenceville’s experience with others needing to control healthcare costs. He also supports the additional services that come with being a part of edHEALTH and is the perfect person to help us find new resources for our member-owners,” notes A. Tracy Hassett, President and CEO of edRISK.
About edHEALTH: Established in 2013, edHEALTH is the proven employee healthcare solution for higher education and secondary schools. This insurance program provides savings through group purchasing, ownership, and data-driven innovative programs, with over $300 million of annual funding and over $18 million of capital at the stop-loss captive. edHEALTH offers the strength of collaboration with its member-owner institutions and best-in-class business partners. The edHEALTH program is a part of edRISK, a sponsored captive domiciled in Vermont, which is expected to grow significantly in the coming years.
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