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Stephanie Carlton

Expert Associate Partner, Dallas
Advises public- and private-sector leaders on strategy and growth decisions by leveraging her expertise across the clinical, business, and policy dimensions of healthcare

About Stephanie

Stephanie coleads McKinsey’s Center for US Health System Reform and the firm’s Medicare work. She has served healthcare payers, providers, and integrated delivery networks on a diverse set of business problems, including corporate strategy, turnarounds, big-data applications in healthcare, new product launches, and M&A. She speaks and publishes regularly on the business-strategy implications of public policy, leveraging her background across business, policy, and clinical healthcare.

Examples of Stephanie’s recent client work include the following:

  • developing Medicare Advantage-growth strategies, including capabilities to manage risk and facilitate provider-led growth, for integrated delivery networks
  • launching new Medicare Advantage products jointly offered by provider systems and payers
  • evaluating and planning for acquisitions as part of a Medicaid-growth strategy
  • evaluating the potential for technology-driven disruption in healthcare, including the integration of longitudinal health records, artificial intelligence, and real-time patient monitoring and cognitive engagement
  • developing business use cases for big data in healthcare
  • running payer operations during leadership transitions and a company turnaround
Stephanie currently serves on the boards of the Health Care Cost Institute and the University of Texas McCombs Alumni Association.

Published Work

"Assessing the Medicare Advantage Star Ratings,” McKinsey & Company, July 2018

"What can states do to change key parameters of Medicaid?,” McKinsey & Company, April 2017

"What can states do to change key parameters of the individual market?,” McKinsey & Company, April 2017

Past experience

US Senate Finance Committee
Health policy advisor

Georgetown University Hospital
Registered nurse


McCombs School of Business, University of Texas at Austin