Craig Savage, Managing Director, Alvarez & Marsal
Health care expert bolsters sector expertise with more than 25 years of health plans, managed care and payer experience.
Global professional services firm Alvarez & Marsal has announced the appointment of Craig Savage as a Healthcare Industry Group Managing Director and Leader of its Health Plans and Managed Care practice. Recognized for his commercial and government-funded health plans and payers expertise, Mr. Savage's appointment highlights the health care Industry Group's enhanced ability to deliver capabilities to further support health plan leaders' top priorities.
Mr. Savage's more than 25 years of experience will benefit health plans and managed care organizations seeking to drive growth, enhance provider and member experience, and modernize technology. Mr. Savage has worked across for-profit and not-for-profit public and private sector health plans, as well as dental and vision plans. His hands-on operator experience running SaaS solutions for payers across Quality (HEDIS/Stars) and Risk Adjustment/Accuracy will be a value-add to clients.
Martin McGahan, Managing Director and Head of A&M's health care Industry Group said, "Our health plans and managed care clients face continuous challenges with Medicare and government programs, value-based arrangements and cost optimization, and regulatory compliance. Craig's industry track record aligns with our operational heritage and furthers our ability to help clients maximize value amid complexity and change."
Prior to joining A&M, Mr. Savage served as the President and General Manager of Inovalon's Payer business, providing a portfolio of industry-leading cloud-based SaaS platform solutions that empower data-driven health care for a wide array of health plan and payer organizations. Additionally, he served as a Senior Vice President at Optum, Inc., a division of UnitedHealth Group., where he led a consulting team of more than 1,000 people, serving health plans across six practice areas, including risk management & growth, government programs, health management & operations, payer technology, professional staffing and digital transformation.
Mr. Savage commented, "A&M's integrated platform and results-driven mindset provides health plan and managed care clients with the framework to mitigate risks while capitalizing on current opportunities and identifying future prospects. The firm's commitment to helping clients drive change dovetails with my approach. Ongoing pressures to optimize value permeate the health care ecosystem and our innovative strategies and operational leadership make us well positioned to help clients transform, grow and thrive."
Mr. Savage earned a bachelor's degree in software engineering from Salisbury University. He has completed postgraduate executive development programs at the University of Pennsylvania's Wharton School of Business, Harvard Business School and Southern Methodist University.
SOURCE: Alvarez & Marsal
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