Craig Savage

Managing Director
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
LinkedIn
Copied!
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. 

Insights By This Professional

In our What’s Your Moonshot? Podcast Series, we seek to uncover big problems in Healthcare and talk to the leaders that are working to solve them.
Watch our webinar to learn how health plans can unlock AI-driven value, scale successful initiatives and achieve measurable operational and financial impact.
The Individual Coverage Health Reimbursement Arrangement (ICHRA) market has reached a tipping point. Enrollment nearly tripled in 2026—a 2.8x increase over 2025, with between 400,000 and 800,000 Americans now enrolled and the redistribution of group membership has begun. This is not incremental change.
What will it take to bend the healthcare cost curve? Jay Khosla, Chief Government Affairs Officer at Humana, joins A&M's Craig Savage and David Shulkin, M.D. to examine the financial realities shaping healthcare's future and discuss how transparency, value-based care and responsible AI adoption can help drive better outcomes.