VP, Finance and Analytics
Beth Israel Deaconess Care Organization
Ms. Carney serves as Vice President of Finance and Analytics at Beth Israel Deaconess Care Organization (BIDCO), a value-based physician and hospital network and Accountable Care Organization (ACO) in Westwood, Massachusetts comprised of eight hospitals and more than 2,700 physicians who cover more than 200,000 Commercial, Medicare and Medicaid lives, and share $1.3 billion in risk revenue.
As an integral member of the Senior Leadership Team, she leads the organization’s overall financial and performance analytics operations, working directly with the CEO to set the strategic direction of the organization to ensure BIDCO is delivering the highest quality care in the most cost-effective way. When Ms. Carney arrived at BIDCO in 2013, she established BIDCO’s first-ever Performance Analytics and Medical Economics team to conduct analysis and to deliver critical data-driven insights that inform key clinical strategic decisions that improve quality outcomes, lower costs, and identify opportunities for growth. Jenny and her team’s work has had clear impact on BIDCO’s ongoing success in value-based care. In 2013, BIDCO ranked #1 performing Pioneer ACO in Massachusetts and #3 nationally. In 2015, BIDCO was ranked top-performing ACO in quality reporting and just one year later earned Total Medical Expenses (TME) surplus across aggregate risk contracts. In 2017, Carney led an initiative to implement a new funds flow model for BIDCO members. She also played a critical role in pursuing and securing BIDCO’s participation in the MassHealth Accountable Care Organization (ACO) program, MassHealth, Massachusetts’ new, innovative Medicaid program launched in 2018.
Ms. Carney has been on the frontlines of health care reform throughout her 18-year career in the industry. Prior to joining BIDCO, she spent 13 years at Network Health, a Medicaid health plan that emerged as a leader in the early days of reform in Massachusetts. She rose through the ranks there learning different aspects of the business on both the IT and Finance teams, ultimately holding the role of Director of Medical Economics that reported directly to the CFO and created the first direct link between the organization’s analytics and clinical programs.
A sought-after speaker, Ms. Carney is an industry-leading authority on health care finance and data analytics thought leadership, issues, and trends. She was recently an invited speaker at the NAACOS 2018 Spring Meeting where she presented a preconference workshop panel, “Leveraging your Data to Drive ACO Performance.” She has also guest presented on “Leadership Development for Developing Leaders” at the American College of Healthcare Executives (ACHE) of Massachusetts, and was a featured speaker at the Healthcare Financial Management Association (HFMA) 2018 Annual Conference to present an engaging workshop on “Unlocking the Power of Analytics for Data-Driven Care.”
Ms. Carney is a member of the HFMA Financial Analytics Council - Steering Committee, a new visionary affinity group that will bring together financial analytics leaders from hospitals, health systems, physician practices/groups, ACOs and health plans to lead the health care industry in best practices and forward-thinking education and advocacy.
Ms. Carney earned her Masters of Public Health from University of Massachusetts and received a Bachelor of Science degree in Mathematics from Saint Michael’s College.