About Us

The Phia Group’s CEO, Adam V. Russo, began working in the self-insured industry while in college. During this period, he obtained a part-time position working at a subrogation firm representing self insured employee benefit plans and TPAs.  He continued his learning experience while in law school when he became Director of Sales at the same subrogation firm, meeting with TPAs from across the country.  After graduating from law school and obtaining his master’s degree in finance, Adam discussed the opportunity to create an innovative cost containment company representing the health insurance industry with his best friend from college, Mike Branco.  Mike came from a financial sales background so the two of them figured they had what it took to make this opportunity last.  What has developed over the past 10 years is beyond what either of them could have envisioned.

The first office of The Phia Group was located in the basement of Adam’s parents’ house in Quincy, MA.  The two entrepreneurs stayed there for three months before moving into an actual 400 square foot office above a restaurant in a small strip mall in Randolph, MA.  The place was perfect because the rent was cheap and Adam was able to work nights at the restaurant below.  The Phia Group would slowly grow from an initial $4000 investment in 2000, to becoming large enough to move into a 20,000 square foot space in Braintree, Massachusetts, where The Phia Group gained its reputation as one of the leading cost containment and consulting firms in the health insurance industry.