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Stephen T. Parente Nomination or Appointment Failed
Assistant Secretary for Planning and Evaluation | Financial Disclosure »
Bio, via University of Minnesota:
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 2014-2017, he served as Associate Dean of MBA and MS programs. Dr. Parente is the longest serving Director of the Medical Indutsry Leadership Institute (2006-2017). 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 funded-studies regarding consumer directed health plans, health information technology and health policy micro-simulation. 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.
Former Positions Outside Government
- Academy Health Board Member
- American Enterprise Institute Adjunct Scholar
- Center for Health and Economy Board Member
- Congressional Budget Office Panel of Health Advisors Health Adviser
- Emeriti Retirement Health Board of Trustees
- Fortel Analytics LLC (Health Informaon Technology and Analytics) Board Member
- Health Care Cost Institute Chair of Governing Board
- Health Systems Innovation Network LLC (Heath Economics Consulting) Managing Principal
- Johns Hopkins University Adjunct Professor
- National Center for Interprofessional Practice and Education National Advisory Council
- Starting Block Capital LLC (Media Company) Advisory Board Member
- University of Minnesota Professor and Associate Dean
Former Compensation Sources
- American Action Forum Through HSI Network LLC: Microeconomic simulation of health care markets
- Amoena USA Corporation Health economics expert/speaker
- Better Medicare Alliance Through HSI Network LLC: Health care utilization and quality study
- CDI Quality Institute Through HSI Network LLC: Statistical Consulting
- Children's Hospital Through HSI Network LLC: Analysis of data to determine Trauma Center performance
- Health Systems Innovation Network LLC Managing Principal of health economics consultancy. Serve as one of three partners with 10-15 1099 contractors completing work for government and private firms on health economy topics.
- Labaton Sucharow LLP Through HSI Network LLC: Economic expert consulting for litigation.
- Minnesota Association of Health Underwriters Health economist expert/speaker
- Mitre Corporation Through HSI Network LLC: Cost benefits analysis for HHS Computer Matching Agreements and Health data analytics
- Pfizer Through HSI Network LLC: Health economics consulting and symposium planning and execution.
- Quintairos Prieto Wood & Boyer, P.A. Through HSI Network LLC: Economic expert consulting for Litigation.
- Stanford University Attended Hoover Institution seminar as a visiting scholar
- Triple Tree Merchant Bank Health economics expert
- University of Minnesota Teaching, Research, Academic Administration of MBA and Masters Programs as well as Medical Industry Leadership Institiute.
Employment Assets
| Description | Value | Income |
|---|---|---|
| University of Minnesota | $431,682 | |
| Health Systems Innovation Network LLC (Partnership Interest) | $50,001 - $100,000 | $98,307 |
| HSI Money Purchase Pension Plan (MPP), Defined Contribution Plan Managed by Wells Fargo Advisers | ||
| XLE - Energy Select Sector SPDR ETF | $1,001 - $15,000 | None (or less than $201) |
| EFAV - Ishares Edge MSCI Minimum Volatility ETF | $1,001 - $15,000 | None (or less than $201) |
| IJS - Ishares S&P Small Cap 600 Value Index ETF | $1,001 - $15,000 | $201 - $1,000 |
| USMV - Ishares Edge MSCI Minimum Volatility ETF | $1,001 - $15,000 | None (or less than $201) |
| EEMV - Ishares Edge MSCI Minimum Volatility Emerging Markets ETF | $1,001 - $15,000 | None (or less than $201) |
| IJJ - Ishares S&P Mid-Cap 400 ETF | $1,001 - $15,000 | None (or less than $201) |
| XLF - Financial Select Sector SPDR ETF | $1,001 - $15,000 | None (or less than $201) |
| XLY - Consumer Discret Select Sector SPDR ETF | $1,001 - $15,000 | None (or less than $201) |
| VEA - Vanguard FTSE Developed Markets ETF | $1,001 - $15,000 | None (or less than $201) |
| VUG - Vanguard Growth ETF | $1,001 - $15,000 | None (or less than $201) |
| VSS - Vanguard International Equity ETF | $1,001 - $15,000 | None (or less than $201) |
| VWO - Vanguard FTSE Emerging Markets ETF | $1,001 - $15,000 | None (or less than $201) |
| VO - Vanguard Mid Cap ETF | $1,001 - $15,000 | None (or less than $201) |
| VNQ - Vanguard REIT ETF | $1,001 - $15,000 | None (or less than $201) |
| VB - Vanguard Small Cap ETF | $1,001 - $15,000 | None (or less than $201) |
| VTV - Vanguard Value ETF | $1,001 - $15,000 | None (or less than $201) |
| DBLTX - DoubleLine Total Return Bond Fund Class I | $1,001 - $15,000 | None (or less than $201) |
| EIFAX - Eaton Vance Floating-Rate Advantage Fund CL I | $1,001 - $15,000 | $201 - $1,000 |
| CHYZX - Columbia High Yield Bond Fund Class Z | $1,001 - $15,000 | None (or less than $201) |
| PGDIX - Principal Global Diversified Income Fund Institutional Class | $1,001 - $15,000 | $201 - $1,000 |
| SDGIX - Dreyfus/Standish Global Fixed Income Fund Class I | $1,001 - $15,000 | None (or less than $201) |
| EUFN - Ishares MSCI Europe Financials ETF | $1,001 - $15,000 | None (or less than $201) |
| Health Policy Innovations (services provided to American Enterprise Institute) - 3/14/2016 | $4,000 | |
| University of Minnesota Optional 403(b) Retirement Plan | ||
| TIAA Traditional Annuity | $50,001 - $100,000 | $201 - $1,000 |
| CREF Social Choice Account R2 | $1,001 - $15,000 | None (or less than $201) |
| CREF Bond Market Account R2 | $15,001 - $50,000 | None (or less than $201) |
| CREF Stock Account R2 | $1,001 - $15,000 | $201 - $1,000 |
| CREF Inflation-Linked Bond Account R2 | $1,001 - $15,000 | None (or less than $201) |
| CREF Growth Account R2 | $1,001 - $15,000 | None (or less than $201) |
| CREF Equity Index Account R2 | $1,001 - $15,000 | $201 - $1,000 |
| CREF Global Equities Account R2 | $1,001 - $15,000 | $201 - $1,000 |
| University of Minnesota Faculty 401(a) Retirement Plan | ||
| Vanguard Long-Term Investment-Grade Fund | $100,001 - $250,000 | $1,001 - $2,500 |
| Vanguard Wellington Fund | $100,001 - $250,000 | $2,501 - $5,000 |
| Vanguard Windsor II Fund | $250,001 - $500,000 | $5,001 - $15,000 |
| Vanguard Institutional Index Fund | $250,001 - $500,000 | $15,001 - $50,000 |
| SEP IRA | ||
| U.S. Insured Bank Deposit Program for Retirement Accounts (Cash Account) | $1,001 - $15,000 | None (or less than $201) |
| AAIEX - American Beacon International Equity Fund | $1,001 - $15,000 | None (or less than $201) |
| APDQX - Artisan Mid Cap Value Fund | $1,001 - $15,000 | $201 - $1,000 |
| MADVX - Blackrock Equity Dividend Fund | $1,001 - $15,000 | $201 - $1,000 |
| SMGIX - Columbia Contrarian Core Fund | $1,001 - $15,000 | $201 - $1,000 |
| FINSX - Fidelity Advisor New Insights Fund | $1,001 - $15,000 | $201 - $1,000 |
| HABDX - Harbor Bond Fund | $1,001 - $15,000 | None (or less than $201) |
| HFOIX - Henderson International Opportunties Fund | $1,001 - $15,000 | None (or less than $201) |
| MQGIX - MFS International Growth Fund | $1,001 - $15,000 | $201 - $1,000 |
| MISGX - Meridian Small Cap Growth Fund | $1,001 - $15,000 | None (or less than $201) |
| NWHYX - Nationwide Geneva Mid Cap Growth Fund | $1,001 - $15,000 | $201 - $1,000 |
| ODVYX - Oppenheimer Developing Markets Fund | $1,001 - $15,000 | $201 - $1,000 |
| PHLPX - PIMCO High Yield Fund | $1,001 - $15,000 | None (or less than $201) |
| WGSDX - Wells Fargo Government Securities Fund | $1,001 - $15,000 | None (or less than $201) |
| ESPIX - Wells Fargo Special Small Cap Value Fund | $1,001 - $15,000 | None (or less than $201) |
| IRA | ||
| IVW - Ishares S&P 500 Value ETF | $15,001 - $50,000 | $2,501 - $5,000 |
| IVE - Ishares S&P 500 Value ETF | $15,001 - $50,000 | $5,001 - $15,000 |
| IJS - Ishares S&P Small Cap 600 Value ETF | $1,001 - $15,000 | $1,001 - $2,500 |
| IJT - Ishares S&P Small Cap 600 Growth ETF | $1,001 - $15,000 | $1,001 - $2,500 |
| IEFA - Ishares Core MSCI EAFE ETF | $50,001 - $100,000 | $2,501 - $5,000 |
| IEMG - Ishares Core MSCI Emerging Markets ETF | $15,001 - $50,000 | $2,501 - $5,000 |
| VOO - Vanguard S&P 500 Index ETF | $15,001 - $50,000 | $2,501 - $5,000 |
| VOE - Vanguard Mid Cap Value ETF | $15,001 - $50,000 | $2,501 - $5,000 |
| VOT - Vanguard Mid Cap Growth ETF | $15,001 - $50,000 | $1,001 - $2,500 |
| HYG - Ishares Iboxx $ High Yield Corp Bond ETF | $15,001 - $50,000 | None (or less than $201) |
| IEI - Ishares 3-7 yr Treasury Bond ETF | $15,001 - $50,000 | None (or less than $201) |
| VCIT - Vanguard Intermediate Term Corp Bond ETF | $15,001 - $50,000 | None (or less than $201) |
| Stanford University - 01/4-15/2016 | $10,000 | |
| Stanford University - 01/3-14/2017 | $5,000 | |
| Minneapolis Heart Institute - 09/12/2016 | $1,500 |
Other Income/Assets
| Description | Value | Income |
|---|---|---|
| Merrill Lynch 529 NextGen College Investing Plan (Maine) | ||
| Franklin Templeton Age-Based 17-20 Years Portfolio C (DC #1) | $100,001 - $250,000 | $5,001 - $15,000 |
| Ishares Age-Based 14-16 Years Portfolio A (DC #2) | $100,001 - $250,000 | $201 - $1,000 |
| Ishares Age-Based 11-13 Years Portfolio A (DC #3) | $100,001 - $250,000 | $2,501 - $5,000 |
| US Insured Bank Deposit Program (Cash Account) | $1,001 - $15,000 | None (or less than $201) |
| US Brokerage Account | ||
| IShares S&P 500 Growth ETF (IVW) | $1,001 - $15,000 | $201 - $1,000 |
| IShares S&P 500 Value ETF (IVE) | $1,001 - $15,000 | $201 - $1,000 |
| IShares Core MSCI EAFE ETF (IEFA) | $1,001 - $15,000 | $201 - $1,000 |
| IShares Core MSCI Emerging Markets ETF (IEMG) | $1,001 - $15,000 | $201 - $1,000 |
| Vanguard S&P 500 Index ETF New (VOO) | $1,001 - $15,000 | $201 - $1,000 |
| Vanguard Mid Cap Growth ETF (VOT) | $1,001 - $15,000 | None (or less than $201) |
| IShares IBOXX $ High Yield Corp Bond ETF (HYG) | $1,001 - $15,000 | None (or less than $201) |
| Vanguard Mid Cap Value ETF (VOE) | $1,001 - $15,000 | $201 - $1,000 |
| IShares 3-7YR Treasury Bond ETF (IEI) | $1,001 - $15,000 | None (or less than $201) |
| Vanguard Intermediate Term Corp Bond ETF (VCIT) | $1,001 - $15,000 | None (or less than $201) |
| US Bank Account #1 (Cash Account) | $15,001 - $50,000 | None (or less than $201) |
| US Bank Account #2 (Cash Account) | $15,001 - $50,000 | None (or less than $201) |
| Barclays Bank Account, UK (Cash Account) | $15,001 - $50,000 | None (or less than $201) |
| US Bank Account #3 (Cash Account) | $15,001 - $50,000 | None (or less than $201) |
Employment Agreements and Arrangements
| Employer or Party | City, State | Status and Terms | Date |
|---|---|---|---|
| University of Minnesota | Minneapolis, Minnesota | I will take a 2 year unpaid leave of absence from my tenured Professor position at the University of Minnesota. At the end of that time, I will apply for an additional leave of absence or resign. | March 16, 2017 |
| Health Systems Innovation Network LLC (HSI) Money Pension Plan (MPP) | Wayzata, Minnesota | I will retain my HSI Money Pension Plan. Neither HSI nor I will make any further contributions during my service with the Federal Government. | April 16, 2001 |
| University of Minnesota 403(b) | Minneapolis, Minnesota | I will retain my 403(b) retirement plan with the University of Minnesota. Neither the University of Minnesota nor I will make any further contributions during my service with the Federal Government. | July 16, 1999 |
| University of Minnesota 401(a) | Minneapolis, Minnesota | I will retain my 401(a) retirement plan with the University of Minnesota. Neither the University of Minnesota nor I will make any further contributions during my service with the Federal Government. | July 16, 2002 |
| Health Systems Innovation Network LLC | Wayzata, Minnesota | I will irrevocably transfer my interest in this LLC to other members of the LLC. | March 16, 2017 |
Liabilities
| Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
|---|---|---|---|---|
| Barclays Bank | Mortgage on Personal Residence | $50,001 - $100,000 | 3.64% | 2015 |
| ScotTrade (via Dovenmuele Mortgage) | Mortgage on Personal Residence | $1,000,001 - $5,000,000 | 2.875% | 2016 |
Spouse's Employment Assets
| Description | Value | Income Type | Income Amount |
|---|---|---|---|
| Physician Solo Practice | $15,001 - $50,000 | Fees | |
| US Bank Account (Cash Account) | $1,001 - $15,000 | None (or less than $201) | |
| SEP IRA | |||
| Newpark RES INC SR NOTE CONV Cpn 4.000% Due 10/01/17 Dtd 10/04/10 | $1,001 - $15,000 | Interest | $201 - $1,000 |
| DAL - Delta Airlines Inc. | $1,001 - $15,000 | Dividends | $201 - $1,000 |
| F - Ford Motor Company | $1,001 - $15,000 | None (or less than $201) | |
| JWN- Nordstrom Inc. | $1,001 - $15,000 | None (or less than $201) | |
| First Street Center, Carver County, MN (mental health clinic) | Hourly Wage |
Do you know something about Stephen T. Parente? Send us an email at [email protected] or send a Signal message to 347-244-2134.
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