Craig R. Savage

About Craig R. Savage

Full P&L leadership across $50M–$600M+ healthcare businesses• Built and scaled services-led and technology-enabled platforms• Led SaaS transformation and $200M+ carve-out for transaction readiness• Track record of driving growth, margin expansion, and operating disciplineI am a healthcare executive focused on building and scaling services-led and technology-enabled businesses across the payer and the broader healthcare services landscape.Over the past several roles, I’ve operated at full P&L scale—leading businesses from $50M to $600M+—with a consistent focus on three challenges:• Scaling growth while maintaining delivery quality• Improving margin and operating discipline in services-heavy models• Repositioning businesses toward more scalable, recurring revenue structuresCurrently, I lead the Health Plans & Managed Care business at Alvarez & Marsal, where we have scaled ~98% growth over ~3 years while building a more structured commercial engine and improving delivery economics.Previously, I served as President of Inovalon’s $400M Payer Business, where I led a full business model transformation—integrating services, data, and technology—and executed the carve-out and preparation for sale of a $200M services business.Before that, I led Optum’s $600M global payer consulting business, delivering significant growth and doubling profitability through improved commercial execution and operating discipline.My experience spans:• Health plans (MA, Medicaid, ACA, Commercial, Self-funded)• Provider-sponsored and risk-bearing entities• Technology-enabled services platforms• Private equity-backed and transformation environmentsI’m particularly interested in opportunities to:• Scale services-led platforms• Improve operating performance and margin• Drive growth through more integrated services + technology models

Experience

1. Payer Bu Leader, Managing Director and Equity Partner

   Alvarez & Marsal

   Sep 2023 — Present

   Serve on the Healthcare Industry Group leadership team with full P&L accountability for A&M’s Health Plans & Managed Care practice, one of the firm’s fastest-growing business units. Delivered nearly 70% growth over two years (27% in FY24; 32% in FY25) and more than doubled the number of Managing and Senior Directors in the practice. Oversee a national portfolio spanning enterprise transformation; quality, risk, and compliance; operational performance and payment integrity; medical management and value-based care; pharmacy and PBM strategy; and payer technology modernization, serving national, regional, community, and provider-sponsored health plans across Medicare Advantage, Medicaid, ACA, Commercial, and alternative plan models.

Education

• Salisbury University

  BS, Software Engineering

• Harvard Business School Executive Education

  Corporate Restructuring, Mergers, and Acquisitions

• Wharton Executive Education

  Corporate Governance: Maximizing Boardroom Effectiveness

• SMU Cox School of Business

  Graduate Marketing Certificate