Stephen R. Laverty has joined Cambridge Management Group (cmg625.com) as a senior adviser.
Mr. Laverty has long been a healthcare leader — as a senior hospital executive, independent executive consultant, innovator and investor. He brings his knowledge of new and established administrative and reimbursement systems and technologies to providers to help them meet operational, financial, regulatory and demographic challenges.
For example, he has a thorough knowledge of payment bundling for joint replacements and other new processes incentivized by CMS and other payers to move providers away from fee for service toward fee for value to control costs and improve outcomes. And he brings to providers an intimate knowledge of challenges and opportunities as the transition to population health accelerates.
Mr. Laverty is currently an investor in Nalari Health, a Providence, R.I.- based early-stage healthcare company specializing in remote care delivery targeting populations with complex, chronic and costly illness. He is currently also engaged with Boxboro, Mass.-based Senscio Systems, whose products and services apply artificial intelligence in the form of a predictive indicator for the care of patients with chronic and complex health issues.
Previously, his experience has included, in chronological order, service as interim president and chief executive of Waterbury (Conn.) Hospital; president and chief executive officer of (Beverly, Mass.-based) Northeast Health System, which owned and operated acute-care, behavioral-health and long-term-care programs; president and chief operating officer of Children’s Hospital, Boston; president and chief executive of Winchester (Mass.) Hospital; vice president for finance of Milton (Mass.) Hospital, and director of budget and program for Brigham & Women’s Hospital, Boston.
Stephen Laverty has an MBA from Suffolk University and a BA in business administration from St. Michael’s College.