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Chip Phillips is a Chief Executive Officer at Valisure at Valisure. He possess expertise in start ups, business strategy, product development, pharmaceutical industry, regulatory and compliance management and 10 more skills.
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Chief Executive OfficerValisure Feb 2023 - PresentNew Haven, Connecticut, Us -
Chief Executive OfficerPharmacy Development Services Apr 2021 - Nov 2022Lake Worth, Fl, Us -
PresidentAnda, Inc. Jun 2014 - Apr 2021Weston, Fl, Us-Enabled revenue and unit growth during generic product pricing deflationary periods by shifting sales and procurement strategy to higher value program sales.-Created a high performance leadership team through aggressive training/development of retained group and initiation of company-wide engagement program.-Co-founded and launched GPO reducing product costs by 20%.-Collaborated with Allergan leadership to resolve strategic questions concerning Anda. Created future options for Anda, engineered potential post close (Allergan Generic business to Teva) transaction opportunities. Closed sale to Teva October 3, 2016. -
Sr. Vice PresidentCvs/Caremark 2005 - 2014Us-Medicaid Business Segment – General Manager: $5 billion of PBM service revenue from health plan clients.-Theracom, Inc. – President: $1 billion specialty pharmaceutical services and wholesale distribution business.-Caremark Ops/Infrastructure Initiative (Concurrent with Theracom role): Executive Leader of publicly announced integration of the PBM’s acquired to form Caremark.-Minute Clinic, LLC. – President: Nurse Practitioner based primary care service business located within CVS Pharmacy retail locations.-Pharmacare, Inc. – Chief Operating Officer: $6 billion PBM and $2 billion national provider of Specialty Pharmacy Services through mail and 50 retail apothecary locations. -
President/Board MemberChd Meridian Healthcare 1999 - 2005Us-Created the industry leader in the employer sponsored healthcare market via the combination of Corporate Health Dimensions, Inc. and Meridian Occupational Associates, Inc. with annual revenues of $25 million in 1999.-Engineered the cultural and operational integration of the companies; retained key staff and 100% of customer base.-Achieved annual growth rate of 20%, enhanced profit margins and restructured cost structure. Increased cash flow by 700%.-Increased pharmacy ingredient prescription volume to over $100 million in 2005 by creating a pharmacy services business.-Developed clinical pharmacy programs that reduced employer pharmacy inflation trends 7 points below corporate averages.-Realized shareholder value at 11 times EBITDA for shareholders via the sale of CHD Meridian to I-Trax, Inc. -
Executive Vice President & Chief Operating OfficerHealth Partners, Inc 1995 - 1999-Obtained annual revenue and margin improvement of 30% thru the combination of organic growth and external acquisitions; built infrastructure to absorb growth and improve operational performance.-Reduced medical loss ratio 10% and improved claims processing 30% by developing and integrating medical management programs within the claims payment process.-Restructured clinical compensation plans and improved individual operating units profit margins 25%.-Merged Health Partners into FPA medical Management, Inc. realizing value at 18 times EBITDA.
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Senior Vice President & Chief Financial OfficerCommunity Mutual Insurance Company (Now Anthem Bx/Bs) 1991 - 1995-Reversed declining profit trend and restored profitability in eighteen months by reducing expenses 25%; implemented process improvements, eliminated unprofitable products and revised pricing strategies. Increased AM BEST rating to “A”.-Increased Individual life business sector earnings by improving interest margins and eliminating unprofitable marketing arrangements.-Merged multiple insurance businesses and resolved complex regulatory issues while maintaining 100% of revenue base.National Business Division-Developed and implemented marketing and sales strategy; reversed historical sales trend, posted highest membership increase (7%) in division history and retained 100% of existing accounts.-Implemented activity-based cost management program; automotive business segment became profitable for first time ever as a result of 25% reduction in unit costs ($12 million).-Realized savings of $35 million in operating costs by re-engineering business processes and computer systems.-Founder (with five BC/BS plans) and Board Member of BC/BS National Account Consortium Joint Venture; raised capital resolved anti-trust issues and developed strategy and financial plans.Community Life/Community National Assurance Company-Reversed declining profit trend and restored profitability in eighteen months by reducing expenses 25%; implemented process improvements, eliminated unprofitable products and revised pricing strategies. Increased AM BEST rating to “A”.-Increased Individual life business sector earnings by improving interest margins and eliminating unprofitable marketing arrangements.-Merged multiple insurance businesses and resolved complex regulatory issues while maintaining 100% of revenue base.
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Executive Vice President Cfo/CooCredit Life Companies, Inc. 1989 - 1990
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Senior ManagerErnst & Young 1981 - 1989London, Gb -
Regional Sales ManagerGeneral Mills-Monet Sales Division 1979 - 1980
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F&R Lazarus -BuyerFederated Department Stores 1977 - 1978New York City, Us
Chip Phillips Skills
Chip Phillips Education Details
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Capital UniversityBusiness Administration
Frequently Asked Questions about Chip Phillips
What company does Chip Phillips work for?
Chip Phillips works for Valisure
What is Chip Phillips's role at the current company?
Chip Phillips's current role is Chief Executive Officer at Valisure.
What is Chip Phillips's email address?
Chip Phillips's email address is ch****@****net.com
What schools did Chip Phillips attend?
Chip Phillips attended Capital University.
What skills is Chip Phillips known for?
Chip Phillips has skills like Start Ups, Business Strategy, Product Development, Pharmaceutical Industry, Regulatory And Compliance Management, Cross Functional Team Leadership, Pharmacy Consulting, Pharmaceutical Consulting, Mergers And Acquisitions, Executive Management, Business Financial Planning And Leadership, Pharmaceutial Leadership.
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