Illustration of Rene DescartesLeaders: Actuarial Consultant

Stephen P. Melek, FSA, MAAA

Principal, Consulting Actuary for Milliman Actuary Services and Integrated Medical-Behavioral Program Cost Projections

Steve is a principal and consulting actuary with the Denver office of Milliman. He joined the firm in 1990.

Steve’s areas of expertise include health care product development, management, and financial analyses. He has worked extensively in the behavioral health care specialty field. He has a special interest in the interaction of physical health and mental health/substance use disorder (mental condition) service delivery and how they affect health care costs. Steve has worked with many managed care organizations, has contributed to parity cost analyses, has assessed mental health utilization and costs in non-psychiatric settings, has created programs to improve psychotropic drug treatment patterns, and has provided suggestions on strategic physical and mental health system design changes. He has experience with plan design, pricing, capitation and risk analysis, provider reimbursement analysis and strategies, health care revenue distribution, and health management analysis. He has completed valuations and projections of health care businesses and product lines, profitability and experience analysis, reinsurance analysis, pricing model and strategy development, and actuarial liability determination.

Steve has advised Health Maintenance Organizations, Preferred Provider Organizations, managed care organizations, behavioral health care firms and associations, insurance companies, employers, hospitals, physician groups, Primary Health Organizations, and state insurance companies.

Presentations and Publication

Steve has published research reports for Milliman, as well as written and published extensively on behavioral health care. He has spoken at various Society of Actuaries’ meetings and behavioral health care institute meetings, again, mostly focused on behavioral health care issues.

 

Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries
  • Master Fellow, Life Office Management Association

 

Affiliations

Steve has chaired and served on various Society of Actuaries’ and American Academy of Actuaries’ task forces and working groups, most of which have been focused on behavioral health care issues.

 

Education

BA, Mathematics, Illinois Institute of Technology

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