Dr. Richard A. Chaifetz exemplifies entrepreneurial leadership in his founding of ComPsych Corporation, the company he started from scratch in 1984 from his apartment in Chicago with less than $300 in personal funds. Dr. Chaifetz, a licensed neuro-psychologist, grew the company into the world’s largest provider of employee assistance programs. ComPsych provides services to over 33 million individuals and 13,000 organizations ranging from the Fortune 500 to smaller public and private companies as well as government entities throughout the U.S. and over 100 countries. This was accomplished in a market with hundreds of competitors, including the nation’s largest health insurance companies. ComPsych was the first organization to expand the concept of employee assistance programs into a wide range of integrated services to address employees psychological, legal, financial and work/life issues. This vision broke new ground and helped fuel ComPsych’s double-digit growth in revenues and earnings every year since its inception. Dr. Chaifetz embodies SLU’s philosophy of “Do Good, Do Well” in his vision for ComPsych’s services that address overall health, wellness, crisis recovery and performance of organizations and their employees.
Dr. Chaifetz’s success has made him one of the most frequently quoted experts in the employee-productivity and behavioral-health arena, appearing regularly in the Wall Street Journal, USAToday and BusinessWeek, ABC, FOX News and MSNBC.
In addition, he is a board of trustee member for non-profit organizations such as The Field Museum of Natural History, Miami University Farmer School of Business and TCS Education System. He has been recognized as one of the top business leaders in Chicago, being named to Crain’s Chicago Business Who’s Who list of Power Players from 2004-2009. As an active alumnus of Saint Louis University, he is a member of the University’s Board of Trustees and a major donor to Chaifetz Arena on campus.
BA, Psychology 1975