Value-based care strategy from someone who has run it from both sides of the table.

I help payers, providers, ACOs, and health tech companies reduce the cost of care and win under value-based contracts. Twenty-plus years leading medical economics and network strategy at Aetna/CVS Health and Magellan Health, now working directly with organizations that need answers, not a slide deck.

Steve Mihalacki, FACHE, PMP – Principal, SJM HealthEcon Advisory

CVS Health / Aetna • Magellan Health • Veterans healthcare • FACHE • PMP • Six Sigma Green Belt • U.S. Army veteran

$30M+

in growth delivered through value-based contracting strategy

$7M+

in cost-of-care savings identified through analytics and targeted interventions

20+ years

in medical economics, provider networks, and value-based contracting, on both the payer and provider side

Who I work with

Health plans and payers

Medical economics, trend identification, and value-based program design from someone who built and ran these functions inside a national plan. I help you launch new VBC programs, fix ones that have stalled, and put rigor behind cost-of-care and network strategy decisions.

Health systems, physician groups, and ACOs

You are being asked to take on more risk with less clarity about how the math works. I model your contracts, find where the medical spend is going, and help you negotiate and perform under MSSP and commercial value-based arrangements with a clear line of sight to the dollars.

Health tech and digital health companies

Payers buy differently than you think. I have sat on their side of the table and know what a contracting and medical economics team needs to see before they say yes. I help you build the economic case, structure the value-based deal, and avoid the mistakes that stall payer partnerships.

How I can help

Every engagement starts with a specific problem and ends with a decision you can act on. These are the six areas where I do my best work.

Value-based contract strategy and modeling

Design, model, and negotiate arrangements that pay off for you, from upside-only to full risk.

  • Financial modeling of proposed VBC terms, benchmarks, and risk corridors

  • Negotiation support and term-sheet review, payer side or provider side

  • Program design for new launches and turnarounds of stalled programs

Cost-of-care diagnostics

Find where the medical spend is actually going and what to do about it.

  • Trend decomposition by service category, population, and site of care

  • Identification and sizing of savings opportunities with intervention plans

  • Ongoing tracking so savings show up in the results, not just the deck

ACO and MSSP performance

Understand your benchmark, your risk, and the levers that move shared savings.

  • Benchmark and expenditure analysis under current MSSP rules

  • Attribution, quality, and risk-adjustment reviews

  • Readiness assessment for moving to higher-risk tracks

Network strategy and provider economics

Build networks that deliver on both access and cost.

  • Provider performance and cost-efficiency analysis

  • Network design and tiering for value-based products

  • Strategy for physical and behavioral health networks

Payer strategy for health tech and start-ups

Get to a signed payer contract faster, with terms you can deliver on.

  • Economic value story built the way payer analytics teams evaluate it

  • Contract structure options, from PMPM to outcomes-based

  • Preparation for medical economics and network due diligence

Behavioral health value-based care

Bring VBC discipline to the fastest-growing and least-standardized part of the cost curve.

  • Behavioral health cost and utilization analysis

  • Value-based arrangements for BH providers and integrated models

  • Alignment of behavioral and physical health incentives

Ways to work together

Most engagements fall into one of three shapes. If you are not sure which fits, start with a call and we will figure it out together.

Not sure where to start? Start with a conversation.

A 30-minute call is enough to tell you whether I can help and what it would look like. No pitch, no obligation. Send a note and I will reply within one business day.