Barrett Toan

Title: **The Innovative Mind of Barrett Toan**

Introduction

Barrett Toan, an inventive force based in St. Louis, Missouri, has made significant contributions in the field of benefit plan design through his innovative work. His unique perspective on optimizing benefit plans highlights the importance of understanding participant populations to create effective solutions.

Latest Patents

Toan holds a patent for a "System and Method for Optimizing Benefit Plan Designs." This computer-based system provides a framework for benefit plan sponsors to design plans that maximize perceived benefits for participants while adhering to cost constraints. By prioritizing design options based on cost and participant perception, Toan’s invention transforms how organizations address employee benefits. The system draws estimates of perceived benefits from survey data or historical data from similar demographic groups, ensuring that plans are tailored to meet the specific needs of the population.

Career Highlights

Barrett Toan has established himself as a key player at Express Scripts, Inc., where he has harnessed his expertise in benefit optimization. Through his work, he enables organizations to navigate complex decision-making processes regarding employee benefits, ultimately enhancing participant satisfaction and well-being.

Collaborations

Toan collaborates with notable colleagues like Robert F. Nease, furthering the innovative work within Express Scripts, Inc. Together, they aim to bridge gaps in benefit design and enhance the effectiveness of employee benefit offerings.

Conclusion

Barrett Toan's contributions to the world of benefit plan designs underscore the importance of innovation in tailoring solutions for diverse participant populations. His patent reflects a forward-thinking approach that not only addresses cost constraints but prioritizes the needs of individuals, setting a precedent for future advancements in benefit planning.