Stephen T. Parente, PhD, MPH, MS
Minnesota Insurance Industry Chair of Health Finance in Carlson School of Management at the University of Minnesota
Associate Dean of the Carlson Global Institute; CHIBE External Advisory Board Member
Biography
Dr. Stephen T. Parente is the Minnesota Insurance Industry Chair of Health Finance in Carlson School of Management at the University of Minnesota and Associate Dean of the Carlson Global Institute. He serves on CHIBE’s external advisory board.
As a finance professor, he specializes in health economics, information technology, and health insurance. He has been the principal investigator on large government and foundation funded studies regarding price transparency, consumer-directed health plans, health information technology and health policy micro-simulation. He is the founding director of the Medical Valuation Laboratory, a nine-college interdisciplinary effort to accelerate medical innovation from scientists, clinicians, and entrepreneurs. Dr. Parente previously directed the AASCB award winning Medical Industry Leadership Institute (MILI) at the University of Minnesota from 2006 to 2017.
Dr. Parente has been published in peer-reviewed journals on health reform, medical technology assessment, and consumer choices in health and wealth management, including JAMA, Inquiry, Health Services Research, the RAND Journal of Economics, Health Economics, the Journal of Health Economics, and Medical Care. He has been quoted and interviewed by the New York Times, Washington Post, National Public Radio, the BBC, USA Today, and The Wall Street Journal. He serves as the co-host for both the On Background and MILI Lab Chats podcasts.
As an entrepreneur, Dr. Parente is the CEO of MyMedVita, Inc a medical price transparency smartphone application as well as the Managing Principal of Health Systems Innovation Network, LLC with over 25 years of clients ranging from payers to government agencies to foundations and medical technology firms. He is founding angel funder of the billion-dollar unicorn, Morning Consult.
In Washington DC, he served in government as Chief Economist for Health Policy on the Council of Economic Advisers at the White House, Senior Adviser to the Secretary for Health Economics in the Department of Health and Human Services and adviser to the Congressional Budget Office. He has served as President of the American Society of Health Economists. Dr. Parente also served as Chair of the Health Care Cost Institute, health policy advisor for the McCain 2008 and Legislative Fellow in the office of Senator John D. Rockefeller IV (D-WV).
He has a PhD in health finance and organization from Johns Hopkins University, and an MPH in health economics and an MS in public policy analysis, both from the University of Rochester in New York.