Stephen Parente

Stephen T Parente

Professor, Minnesota Insurance Industry Chair of Health Finance

Finance

Education

BA 1987
Health and Society University of RochesterNew York

MS 1988
Public Policy Analysis University of RochesterNew York

MPH 1989
Health Economics University of RochesterNew York

PhD 1995
Health Finance and Organization Johns Hopkins University

Expertise

Health economics

Health insurance

Health information technology

Medical technology evaluation

STEPHEN T. PARENTE, PhD, MPH, MS is a Professor in the Department of Finance and the Minnesota Insurance Industry Chair of Health Finance in Carlson School of Management at the University of Minnesota.  From 20142017, he served as Associate Dean of MBA and MS programs.  Dr. Parente is the longest serving Director of the Medical Indutsry Leadership Institute (20062017). As a Professor in the Finance Department, he specializes in health economics, information technology, and health insurance.  Dr. Parente has been the principal investigator on large fundedstudies regarding consumer directed health plans, health information technology and health policy microsimulation.  In Washington DC, he served as the Governing Chair of the Health Care Cost Institute from 2013 to 2017.  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 was a health policy advisor for the McCain 2008 Presidential Campaign and served as Legislative Fellow in the office of Senator John D. Rockefeller IV (D‑WV) in 1992/93.  He has a doctorate from Johns Hopkins University.

Selected Works

Parente, S.T., Feldman, R., Spetz, J., Dowd, B. and Eagen, E. “Wage Growth for the Health Care Workforce: Projecting the Affordable Care Act Impact. Health Services Research. 2016 May 3. doi: 10.1111/14756773.12497.

Newman, D., Barrette, E. Parente, S.T., Kennedy, K. An Examination of Commercially Insured Health Care Service Prices in the U.S. Health Affairs, 2016 May 1;35(5):9237.

Parente, S.T., Oberlin, S., Tomai, L. and Randall, D. The Potential Savings of Using Predictive Analytics to Staunch Medicaid Fraud. J Health Med Econ. 2016, 2:2.

McCullough, J., Parente, S.T., Town, R. “Health Information Technology on Patient Outcomes: The Role of Organizational and Informational Complementarities.” The RAND Journal of Economics 47(1):207236 · January 2016,

Frogner, B.K., Frech, H.E., Parente, S.T. “Comparing Efficiency of Health Systems across Industrialized Countries: A Panel Analysis.” BMC Health Services Research 15(1):415 · September 2015.

Frogner, B.K., Spetz, J., Parente, S.T., Oberlin, S. “The Demand for Healthcare Workers PostACA.” International Journal of Health Economics and Management, 2015; 15(1): 139151.

Munnich, E., Parente, S.T. “Procedures Take Less Time At Ambulatory Surgery Centers, Keeping Costs Down And Ability To Meet Demand Up.” Health Affairs, May, 2014; 33(5):7649.

Herrera, C., Newman, D., Parente, S.T. “Overcoming Barriers to a ResearchReady National, Commercial Claims Database.” American Journal of Managed Care, 2014; (11 Spec No. 17):eSP25eSP30.

Chen, S., Feldman, R., Parente, S.T. “A Five Year Study of Health Expenditures among Full Replacement CDHPs, Optional CDHPs, and Traditional Managed Care Plans.” Insurance Markets and Companies: Analyses and Actuarial Computations, Issue 1, Volume 5, 2014.

Spetz, J., Parente, S.T., Town, R.J., Bazarko, D. “ScopeOfPractice Laws For Nurse Practitioners Limit Cost Savings That Can Be Achieved In Retail Clinics.” Health Affairs, November 2013 vol. 32 no. 11 19771984.

Herrera, C.N., Gaynor, M., Newman, D., Town, R.J. Parente, S.T. “Growth Of Per Capita EmployerSponsored Insurance Spending Slowed To Historically Low Levels, 2007–11.” Health Affairs, 2013 October; 32(10):171522.

Frech, H.E., Parente, S.T., Frogner, B., Hoff, J. “Comparing the sensitivity of models predicting health status: a critical look at an OECD Report on the efficiency of health systems.” Forthcoming in Insurance Markets and Companies: Analyses and Actuarial Computations, Issue 1, Volume 4, 2013.

Parente, S.T., Feldman, R. “Microsimulation of Private Health Insurance and Medicaid Takeup Following the U.S. Supreme Court Decision Upholding the Affordable Care Act.” Health Services Research. 2013 Apr; 48(2 Pt 2):82649.

Parente, S.T., Schulte, B., Jost, A., Sullivan, T., Klindworth, A. “Assessment of Predictive Modeling for Identifying Fraud within the Medicare Program.” Health Management and Policy Innovations. 1(2), 837, 2012.

Gupta, A., Parente, S.T. Sanyal, P. “Future of Health Insurance Procurement: Lessons from the Online HMO Auctions.” International Journal of Health Care Finance and Economics, 2012 Dec; 12(4):30322.

Parente, S.T. “Health economics and policy: towards the undiscovered country of market based reform.” International of Health Care Finance and Economics, 2012 Sep; 12(3):24752.

Randall, D. and Parente, S.T. “U.S. Medicaid managed care markets: explaining state policy choice variation.” Insurance Markets and Companies: Analyses and Actuarial Computations, Issue 4, Volume 2, 2011.

Chernew, M., Frank, R.G., Parente, S.T. “Slowing Medicare Spending Growth: Reaching for Common Ground.” American Journal of Managed Care, 2012, 18(8):465468.

Parente, S.T., Feldman, R., Abraham, J.M., and Xi, Wendy. "Consumer Response to a National Marketplace for Individual Insurance". Journal of Risk and Insurance, Volume 78, Issue 2, pages 389–411, June 2011,

Parente, S. "Exploring Ex Ante Regulatory Mechanisms for Detecting Prescription Drug Misuse", NBER, (In Regulation vs. Litigation; editor D. Kessler), 2011.

Evans, W., Morrill, M., Parente, S. “Measuring Inappropriate Medical Diagnosis and Treatment in Survey Data: The Case of ADHD among SchoolAge Children”, Journal of Health Economics, 4 August 2010.

Klindworth, A., Parente, S. "Lessons Learned for Medical Banking from the Financial Services Industry: The Case of a Fraud Prevention Platform as Transformative Innovation." International Journal of Medical Banking, Volume 3, 2010.

Dowd, B., O'Connor, H., McGrail, M., Calasanz, M., Gorman, R., Sheasby, B., Parente, S. "The Economic Impact of a Disability Prevention Program." J Occup Environ Med. 2010 Jan;52(1):1521.

Feldman, R., Parente, S. “Enrollee Incentives in Consumer Directed Health Plans: Spend Now or Save for Later?” Forum for Health Economics and Policy. Vol. 13 (2010) / Issue 2.

Parente, S., McCullough, J. "Health Information Technology and Patient Safety: Evidence from Panel Data." Health Affairs, March/April, 2009.

Parente, S. "Health Information Technology and Financing’s Next Frontier: The Potential of Medical Banking." Business Economics, January, 2009.

Parente, S., Phelps, C., O’Connor, P. “Economic Analysis of Medical Practice Variation between 1991 and 2000: Gauging the Impact of Ten Years of Patient Outcomes Research.” International Journal of Technology Assessment in Health Care, 2008 Jul; 24 (3):282293.

Parente, S. and Feldman, R. Evolution and Early Evidence of the Impact of Consumer Driven Health Plans: From ecommerce to Health Savings Accounts. Pharmacoeconomics and Outcomes Research, 8(4), 2008.

Parente, S, Mandelbaum, K, Hanson, SP, Cassidy, BS, Simborg, DW. Can the National Health Infrastructure Network (NHIN) Reduce the Cost of Healthcare Fraud? Journal of the Healthcare Information Management, Volume 22, Issue 3, Summer, 2008.

Parente, S., Feldman, R., Chen, S. The Effect of a ConsumerDriven Health Plan on Pharmaceutical Cost and Use. Health Services Research, May 13, 2008.

Parente, S. and Feldman, R. Do HSA Choices Interact with Retirement Savings Decisions?, Tax Policy and the Economy, Vol. 22, 2007.

Parente, S. Christianson, J., Feldman, R. Consumer Directed Health Plans and the Chronically Ill. Disease Management & Health Outcomes., 239248(10), 2007.

Feldman, R., Parente, S., Christianson, J. Consumer Directed Health Plans: New Evidence on Cost & Utilization. Inquiry. Vol. 44, No. 1, pp. 2640, 2007.

Parente, S., Van Horn, R.L. The Value of Hospital Investment in Information Technology in ForProfit and NotforProfit Hospitals Health Care Financing Review, Winter 2006/2007.

Adams, T., Finkelstein S., Parente, S.T., Hertz, M. Cost Analysis of Home Monitoring in Lung Transplant Recipients. International Journal of Technology Assessment in Health Care, 23(1), 2007.

Welch, P. Rudolph, B.A., Blewett, L., Parente, S.T., Brach, C., Love, D., Harmon, R.G. Management Tools for Medicaid and State Children's Health Insurance Program (SCHIP). Journal of Ambulatory Care Management, OctoberDecember, 2006, (29): 272282.(forthcoming).

Health Savings Accounts: Early Estimates of National Takeup from the 2003 Medicare Modernization Act and Future Policy Proposals, R. Feldman, S. T. Parente, J. Abraham, J. Christianson, and R. Taylor, Health Affairs (NovemberDecember 2005).

Changes in Health Care Use and Expenditures of Medicare HMO Disenrollees Who Return to FeeforService Medicare: Results from a Natural Experiment, S. T. Parente, W. Evans, S. Schoenman, and M. Finch, Health Care Financing Review (Spring 2005).

The Impact of Medicare HMO Closures on Beneficiaries, J. Schoenman, S. T. Parente, W. Evans, M. Finch, and M. Shah, Health Care Financing Review (Spring 2005).

The Role of Consumer Knowledge on the Demand for Preventive Health Care Among the Elderly, S. T. Parente, D. Salkever, and J. DaVanzo, Health Economics (January 2005).

Using Claims Data to Identify Controlled Substance Patterns of Utilization Requiring Evaluation, S. T. Parente, S. Kim, M. Finch, L. Schloff, T. Rector, R. Seifeldin, and J. D. Haddox, American Journal of Managed Care (November 2004).

Employee Choice of ConsumerDriven Health Insurance in a Multiplan, Multiproduct Setting, S. T. Parente, R. Feldman, and J. B. Christianson, Health Services Research (August 2004).

Evaluation of the Effect of a ConsumerDriven Health Plan on Medical Care Expenditures and Utilization, S. T. Parente, R. Feldman, and J. B. Christianson, Health Services Research (August 2004).

Consumer Experiences in a ConsumerDriven Health Plan, J. B. Christianson, S. T. Parente, and R. Feldman, Health Services Research (August 2004).

Abstracts

National Health Data Warehouse: Issues to Consider, L. Blewett, S. T. Parente, M. Finch, and E. Peterson, Journal of the Health Care Information Management (Winter 2004).

The Role of the Private Sector in Monitoring Health Care Quality, L. Blewett, S. T. Parente, M. Finch, and E. Peterson, The Joint Commission Journal on Quality Improvement (August 2003).

Defined Contribution Health Insurance Products: Development and Prospects, J. Christianson, S. T. Parente, and R. Taylor, Health Affairs (January 2002).

Is Information Technology Related to the Financial Performance of U.S. Hospitals? An Exploratory Analysis, S. T. Parente and J. Dunbar, International Journal of Health Care Technology and Management (2001).

Beyond the Hype: A Taxonomy of Business Models for EHealth Commerce, S. T. Parente, Health Affairs (NovemberDecember 2000).

The Impact of Subsidizing Medicare Copayments and Deductibles for LowIncome Elderly on Medical Care Use: The Case of Qualified Medicare Beneficiaries, S. T. Parente and W. Evans, Health Care Financing Review (Winter 1998).

Profiling Medicare Beneficiary Resource Use by Primary Care Practices: Implications for a Managed Medicare, S. T. Parente, J. Weiner, D. Garnick, J. Fowles, A. Lawthers, and R. Palmer, Health Care Financing Review (Summer 1996).

Potential Savings form Using Information Technology Applications in Health Care in the United States, P. Neumann, S. T. Parente, and L. Paramore, International Journal of Technology Assessment in Health Care (1996).

Developing a Quality Improvement Database Using Health Insurance Data: A Guided Tour with Application to Medicare''s National Claims History File, S. T. Parente, J. P. Weiner, D. Garnick, T. Richards, J. Fowles, A. Lawthers, P. Chandler, and R. H. Palmer, Journal of American Medical Quality (November 1995).

Variation in OfficeBased Quality: A Profile of Care Provided to Medicare Patients with Diabetes, J. Weiner, S. T. Parente, D. Garnick, J. Fowles, A. Lawthers, and R. Palmer, Journal of the American Medical Association (May 1995).

Focus on Quality: Profiling Physicians'' Practice Patterns, D. Garnick, J. Fowles, A. Lawthers, J. Weiner, S. T. Parente, and R. H. Palmer, Journal of Ambulatory Care Management (July 1994).

Priority Setting in Medical Technology and Medical Practice Assessment, C. Phelps and S. T. Parente, Medical Care (August 1990).

Current Activities

Administrative Appointments

Director, Medical Industry Leadership Institute, University of Minnesota, 20062017.

Associate Dean, MBA Programs & MS, Carlson School of Management, 20142017.

 

Community Relationships

Director, Medical Valuation Laboratory, University of Minnesota, 2008present.

Governing Chair, Health Care Cost Institute, 20132017, Treasurer/Secretary 20112013.

Local Conference Organizer, 2012 American Society for Health Economics, 20082012.

Sponsorship Chair, Health Information Management Systems Society, Minnesota, 20022006.

Board Member, Academy Health, 2014 to present.

Board Member, Emeriti, 2013 to 2017. 

Current Research

Microsimulation of health reform choices, particularly health savings accounts under different incentive scenarios

National health IT impact

Evaluation of consumerdriven health plans, including the tradeoffs between health and wealth portfolio choices

Comparative effectiveness analysis

Analysis of potentially costsaving medical innovations

Medicare & Medicaid saving from waste, fraud and abuse prevention

Editorial Appointments

Reviewer, Journal of the American Medical Association

Reviewer, Journal of Productivity Analysis

 

Reviewer, Medical Care

Reviewer, Health Affairs

Reviewer, Journal of Health Economics

Honors and Awards

Faculty Media Star Award, Carlson School of Management, University of Minnesota, 2010.

Special Recognition winner of Pioneer Institute’s Better Government Competition for ‘A National Market for Individual Health Insurance’, 2009.

Faculty Research Award, Carlson School of Management, University of Minnesota, 2006.

Faculty Media Star Award, Carlson School of Management, University of Minnesota, 2005.

The Class of 1981 Faculty Member of the Year Award. University of Minnesota, Masters of Healthcare Administration program, 2005.

Faculty member appointment to Delta Omega honor society, Alpha Chapter (Johns Hopkins University), 2002.

John P. Young Student Prize for best student paper in health finance and economics.  Johns Hopkins School of Hygiene and Public Health, 1993.

 

Research Grants

ConsumerDriven Health Plans: Here to Stay or Market Fad& Robert Wood Johnson Foundation, 200408 (principal investigator)

ConsumerDriven Health Plans, continuation of research, Department of Health and Human Services, 200506 (principal investigator)

Identifying the Impact of ConsumerDriven Health Plans on Prescription Drug Cost and Use, 200506 (principal investigator)

Assessing the Impact of Health Savings Accounts on Insurance Coverage and Costs, U.S. Department of Health and Human Services, 200405 (principal investigator)

The National Impact of Health IT of Quality of Care, Agency for Healthcare Research and Quality, 20082010, PI10