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Matt Kranovich, FSA, MAAA

Consulting Actuary
Chicago, IL, US

Tel: +1 312 5772901

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries


  • BS, Economics and Industrial Engineering, Northwestern University

Current Responsibility

Matt is a consulting actuary with the Chicago-Milwaukee health practice of Milliman. He joined the firm in 2012.


Matt has 16 years of experience as a healthcare actuary with expertise in managed care, financial reporting, and Medicare Advantage and Part D programs. He supports clients with pricing, financial reporting, pro forma projections, and other analyses for medical and prescription drug benefit plans.

Matt began his actuarial career at Health Care Service Corporation, where he spent four years working in financial reporting and managed care pricing roles. He then spent seven years at Deloitte Consulting where he led bid desk reviews of hundreds of Medicare bids on behalf of CMS.

Since joining Milliman, Matt has assisted local Special Needs Plans, regional MCOs, and large national carriers in MA and Part D strategy and bid preparation. He supports clients in every phase from initial product strategy through bid finalization, desk review, and audit support. Matt has also performed modeling and analysis related to star ratings and the CMS Out-Of-Pocket Costs (OOPC) model. He has analyzed commercial and Medicare risk adjusters by assessing potential pros and cons of incorporating pharmacy data into those models.

Matt has made several presentations on Medicare topics at recent industry conferences, including the 2017 SOA Health Meeting and five MA-focused seminars hosted by Healthcare Education Associates (now known as RISE) from 2015 to 2017.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman