Timothy R. Murphy ‘88
Tim serves as chief executive officer of Beacon Health Strategies, a NCQA and URAC accredited behavioral health managed care company. Beacon and its subsidiaries specialize in the management of mental health and substance use services for individuals dealing behavioral health challenges with a particular focus on vulnerable populations with high medical costs caused by significant physical, behavioral and social maladies. The company employs licensed clinicians to provide care coordination and conduct utilization review services on behalf of commercial health insurers, Medicaid managed care plans, Medicare advantage plans and county governments for approximately 7.6 million covered individuals who access mental health and substance use services through Beacon’s contracted network of behavioral health providers.
Under Tim’s leadership since 2007 Beacon has emerged from a founder-owned company conducting business in three states to a burgeoning national company with operations in 17 states and employing over 600 people. Headquartered in Boston, the company is privately held.
Prior to joining Beacon, Tim served as the Secretary of the Executive Office of Health and Human Services in Massachusetts for Governor Mitt Romney. In this capacity, he oversaw a $12.0 billion budget and approximately 22,000 employees that delivered programs and services through 15 state agencies to over one million Massachusetts residents.
Tim’s signature accomplishment during his tenure was the development, passage and initial implementation of the landmark Massachusetts health care reform law. He was the principal architect of Governor Romney’s pioneering approach to enable each Massachusetts resident the opportunity to purchase affordable health insurance and improve the value of the health care delivery system. Tim skillfully negotiated the passage of this law by building support amongst divergent stakeholders, including the legislature, Federal government, hospital systems, insurance companies and consumer and business advocacy groups. This reform law was credited with reigniting the national health care debate. Tim is a frequent guest on national and local television and radio programs to discuss reforming the nation’s health care system.
Prior becoming Secretary, Tim was as a principal advisor to Governor Romney and served as his Director of Policy. Tim helped craft and guide the Governor’s agenda on tax, fiscal and debt policies, economic development strategies, transportation planning and health care.
Preceding his service in the Romney Administration, Tim was a vice president in the investment banking division of JP Morgan. In this capacity, he advised and raised capital for private equity firms, corporations and non-for-profit institutions, including healthcare providers and payers.
Tim holds a Bachelor of Arts from Merrimack College, where he serves as chairman of the Board of Trustees, and a Master in Public Policy from Harvard University.