Ronald Vance

Managing Director
25+ years of experience in the health benefits and insurance industry 
Focuses on accelerating business performance through strategic AI adoption
Areas of concentration include restructuring, turnaround, growth plans, product development, M&A, and strategic business alliances
Washington, D.C.
@alvarezmarsal
LinkedIn
Copied!
Ronald Vance is a Managing Director with Alvarez & Marsal Healthcare Industry Group in Washington, DC. He has over 25 years of experience in restructuring, turnaround management, growth plans, product development, operational improvements, provider contracting, M&A, and the development of strategic business alliances in the health benefits and insurance industry. 

Mr. Vance focuses on accelerating business performance through strategic AI adoption and helps clients to become future-ready by developing comprehensive transformation plans that can be rapidly implemented. He has advised boards, investors, and management teams as they consider acquisitions and divestitures and address strategic business challenges. He has worked extensively between health insurers and medical care providers to align incentives, improve operational performance, and lower total cost of care. 

Mr. Vance’s notable assignments include assisting with a multiyear transformation and financial turnaround for a $4 billion health plan in the Caribbean. Previously, he served as the Interim President of Kaiser Foundation Health Plan and Hospitals in Colorado, Hawaii, and Washington, leading a strategic repositioning focused on sustainability and long-term growth. In collaboration with over 10,000 employees and 3,000 physicians, his work resulted in hundreds of millions of dollars of financial improvement.  

Further, Mr. Vance was selected by state regulators to serve as Chief Restructuring Officer for Health Republic Insurance of New York. He also worked as Interim Chief Operating Officer for a $1.6 billion health plan with enrollment in Medicare Advantage, Medicaid, long-term care services, and dual eligible programs. As CEO, he led the business turnaround of a regional hospital-owned preferred provider organization (PPO) acquired by a large insurer. Additionally, he created a startup for a managed care organization and has worked extensively with third-party administrators through partnership and acquisition models. 

Prior to joining A&M, Mr. Vance was founder and President of Salus Strategy Group, a boutique consultancy providing strategic advisory to health services and insurance companies. Previously, he was President of the Emerging Markets division of Cigna Healthcare. 

Mr. Vance is an Associate Faculty Member at Johns Hopkins Bloomberg School of Public Health. He serves on the board of directors for Ally Behavior Centers. 

Insights By This Professional

In a recent article from Health Payer Specialist, A&M Managing Director and healthcare industry expert Ron Vance, highlights the intricate dynamics of successful healthcare mergers and acquisitions, shedding light on economic benefits, communication strategies and cultural alignment as crucial components of a well-executed integration process.
In response to HHS-OIG's increased focus on Medicare Advantage organizations resulting in compliance audits, Ron Vance and Kirk Shanks, discuss how organizations can prepare and mitigate risk for future audits.
For more than half a century, Medicare had only been available to those 65 and older (or those with qualifying disabilities), but now, the Biden administration is proposing to lower the eligibility age to 60. Under this new policy, an additional 20.8 million people would have access to Medicare coverage.
COVID-19 has revealed the fragility of the American medical system and the significant risks around access, which consumers didn’t previously recognize.
Latest insights The latest insights from Ronald Vance's team
Thought Leadership
Despite tens of billions in collective investment, a staggering 95% of enterprise AI pilots deliver zero measurable P&L impact, according to MIT’s Project NANDA. The instinct is to blame the technology, the vendors, or the talent shortage, but the data points to a different culprit: organizational design.