Leader of HIG’s Health Plans and Managed Care Practice
25+ years of experience with commercial and government-funded health plans and payers
Focuses on strategy, growth, operational transformation and performance improvement
New York
@alvarezmarsal
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Craig R. Savage is a Managing Director and leader of the Health Plans and Managed Care Practice with Alvarez & Marsal’s Healthcare Industry Group (HIG) in New York and Washington, D.C. He has served commercial and government-funded health plans, payers and related diversified businesses for more than 25 years. Mr. Savage’s areas of focus include strategy, growth, operational transformation and performance improvement.
Mr. Savage brings extensive operating and consulting experience working with health plans, payers and associated diversified businesses including dental and vision plans. His experience spans for-profit and not-for-profit commercial, government-funded and public-sector health plans and payers.
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 healthcare for a wide array of health plan and payer organizations.
Previously, Mr. Savage was a senior executive at Optum, Inc., a division of UnitedHealth Group, reporting to the Optum Insight CEO, where he served as Senior Vice President responsible for the global payer consulting organization. He oversaw a consulting team of more than 1,000, serving health plan customers across six practice areas, including risk management & growth, government programs, health management & operations, payer technology, professional staffing, and digital transformation. Prior to that Mr. Savage was a Partner and Managing Director for the Health & Public Sector for Accenture, LLP.
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.
Leading global professional services firm Alvarez & Marsal (A&M) today announced significant expansion within its Health Plans and Managed Care practice. Joining the firm are Managing Directors Michael Epstein and Jim Collier, alongside Senior Directors Brent Hill and Todd Masser, enhancing A&M’s capability to deliver tailored, actionable solutions driving client growth.
Explore the surge in alternative coverage models, Short-Term Duration Plans, Health Care Sharing Ministries, and ICHRAs that operate outside traditional ACA-compliant insurance. With deregulation on the rise and federal funding shifts ahead, understanding their structure and policy exposure is essential.
In a recent article by Healthcare Brew, A&M Managing Director Craig Savage explains how models like short-term duration plans, health care sharing ministries and ICHRAs are gaining traction.
In a recent article, A&M Healthcare Industry Group experts explore key policy changes, market dynamics, stakeholder implications and strategic actions for navigating the evolving landscape surrounding the Affordable Care Act marketplace.
