Patrick Baker

About Patrick Baker

I am a Senior Health & Benefits Principal at Mercer with a diverse background in the insurance and consulting sectors, spanning over 25 years. I partner with employers to design, implement, and manage cost-effective health and group benefit plans that meet the evolving needs of their workforce. I help employers navigate the complexities of employee benefits, from strategic development to vendor negotiation and compliance with laws and regulations. I am committed to bringing the latest benefit innovations to both employers and employees, ensuring their benefits remain competitive, efficient, and effective in attracting and retaining talent.My career path has equipped me with a robust skill set in financial and actuarial modeling, enabling me to provide clients with insightful analysis and recommendations. I have a proven track record of delivering strong financial results while also enhancing employee well-being. Prior to joining Mercer\'s Health business in Louisville, I worked in retirement benefit consulting at Mercer and WTW, which has further enriched my understanding of the broader benefits landscape.Outside of work, I am dedicated to community involvement through the Louisville Employee Benefits Council and enjoy spending time with my family and participating in Boy Scouts activities. I believe in the importance of giving back and fostering the next generation of leaders.

Experience

1. Senior Principal

   Mercer

   Jan 2002 — Present · Louisville, KY, US

   Partner with employers to design, implement, and manage cost-effective health and group benefit plans that meet the evolving needs of their workforce.Develop comprehensive and engaging employee benefits strategies, ensuring compliance with applicable laws and regulations, including the ACA and MHP.Bring the latest benefit innovations to both employers and employees, enhancing offerings and improving employee engagement and satisfaction.Conduct financial and actuarial modeling for employee benefit and wellness programs, providing insightful analysis and strategic consulting.Lead vendor and carrier due diligence and negotiation processes, ensuring vendor accountability while optimizing service delivery and cost-effectiveness.Assist employers with M&A benefits-related activities, ensuring seamless integration and compliance.

Education

• Ohio University

  MS, Mathematics

• Ohio University

  BS, Mathematics, Computer Science Minor

Skills

• Valuation
• Health Savings Accounts
• Health Plans
• Healthcare Consulting
• Actuarial
• Benchmarking
• Benefits
• Financial Modeling
• Employee Benefits
• Actuarial Science
• Retirement
• Plan Design
• Healthcare Strategy
• Flexible Spending Accounts
• Ppo
• Insurance