Professional Summary
Professional Overview
Mike Ace is a seasoned healthcare executive with extensive expertise in managed care, provider contracting, and payer relations. As the Vice President of Managed Care at Pharmacy First, he is responsible for driving strategic initiatives, fostering payer partnerships, and optimizing network performance to deliver exceptional patient outcomes.
Experience Summary
Current Role
As the Vice President of Managed Care at Pharmacy First, Mike is responsible for overseeing the company's managed care strategy, contract negotiations, and network management. He plays a pivotal role in developing innovative solutions to enhance the company's payer relationships, improve patient access to quality care, and drive operational efficiency.
Career Progression
Prior to his current role, Mike held various leadership positions in the healthcare industry, including Pharmacy Network Strategy at Abarca Health, National Account Executive at Scriptcycle LLC, and Assistant Vice President of Provider Contracting at Cigna. Throughout his career, he has demonstrated a track record of success in driving strategic initiatives, optimizing provider networks, and delivering measurable results for his employers.
Academic Background
Mike holds a Bachelor of Science degree in Business Administration from the University of Illinois at Chicago, where he graduated with honors.
Areas of Expertise
- Managed care strategy and operations
- Payer contract negotiation and administration
- Provider network management and optimization
- Pharmacy benefit management (PBM) operations
- Strategic account management and relationship building
- Data analysis and performance optimization
Professional Impact
During his tenure at Cigna, Mike spearheaded the development and implementation of a successful provider contracting strategy that resulted in a 20% increase in network participation and a 15% reduction in medical costs. At Abarca Health, he led the implementation of a comprehensive pharmacy network optimization program, which resulted in a 12% improvement in network performance and a 7% increase in patient satisfaction.
Conclusion
With his extensive experience in the healthcare industry and his proven track record of strategic leadership, Mike Ace is poised to make a significant impact in his role as the Vice President of Managed Care at Pharmacy First. His deep understanding of payer dynamics, provider contracting, and operational efficiency, combined with his commitment to driving innovation and delivering exceptional patient outcomes, make him a valuable asset to the organization.
