Misha Segal has twenty years of healthcare policy, finance, and data analytics experience in the government, at research institutions, and in the finance industry.

Since joining BRG in late 2016, he has led over one hundred projects on issues including capitated payment design, Medicare Advantage and Part D policy, Medicare physician services and post-acute care, behavioral health, and adolescent health issues. Representative clients have included financial institutions, provider groups and health systems, and advocacy groups.

Before joining BRG, Mr. Segal spent seven years at the Centers for Medicare and Medicaid Services (CMS), where he served as director of the Policy and Data Analytics Group. While at CMS, he supported a broad range of initiatives, including alternative payment models, reimbursement issues, episodes of care, and geographic variation for the traditional Medicare program; Medicare Advantage and Medicare Part D policy, risk adjustment, and spending issues; data and financial issues for the public exchanges; and general support to senior leadership on areas where the capital markets and CMS policies intersected. Prior to CMS, Mr. Segal spent several years as a healthcare policy analyst at the Urban Institute, and also worked in finance for Bank of America and a boutique private equity firm.

Mr. Segal has written nearly twenty policy papers, including eight that were peer reviewed. Recently, he served as a technical expert and advisor on the North Carolina multi-payer healthcare cost-growth project, and led the quantitative work for the white paper Pain in the Nation: The Drug, Alcohol and Suicide Epidemics and the Need for a National Resilience Strategy, which was commissioned by Robert Wood Johnson and the Well Being Trust. He received his MBA from Northwestern’s Kellogg School of Management.

Employment History

Centers for Medicare and Medicaid Services
Director, Policy and Data Analysis Group
2010 – 2016

GeoGlobal Energy LLC
2007 – 2010

Action Strategies, LLC
2004 – 2007

Banc of America Securities
2002 – 2004

Urban Institute
Research associate
1997 – 2000

Areas of Expertise


Kellogg Graduate School of Management (Northwestern University)
MBA, 2002

Haverford College
B.A., 1997