Labor Productivity Expert Stephen Lothrop Joins Prism Healthcare Partners as Managing Director
Prism Healthcare Partners LTD continues to enhance its service offerings with the addition of Stephen Lothrop as Managing Director. Lothrop will leverage 20 years of labor performance improvement expertise to help hospitals, health systems and academic medical centers increase productivity and margins. As a leader of Prism’s Labor Cost Management practice, he will partner with the Firm’s clients to optimize their workforce through operational transformation; physician relationship management; streamlined organizational structure; corporate overhead reduction and balancing service, cost and quality.
“We are pleased to welcome hospital labor expert Stephen Lothrop to Prism’s leadership team,” commented Bradley Fetters, Chief Operating Office of Prism. “In today’s uncertain healthcare environment, hospitals and health systems face unprecedented pressures to manage costs. With Steve’s deep experience in workflow and process redesign, he brings a vital perspective to help Prism’s clients capture efficiencies so they can focus on what matters most – quality patient care.”
“Now more than ever, effective workforce management is critical for healthcare providers to succeed and advance their missions of care,” said Lothrop. “I am thrilled to join Prism, an organization that shares my commitment to helping hospitals and health systems optimize their teams and processes through creative, sustainable and tailored strategies.”
Prior to joining Prism Healthcare Partners, Lothrop held leadership positions in the healthcare practices of two global consulting firms as well as The Healthcare Management Council, Inc. He also served as Executive Director at Heywood Hospital in Massachusetts, where he worked with executives and board members in the areas of market analysis, strategic development and operations improvement. Lothrop received a Master of Business Administration from the McCallum Graduate School of Business at Bentley College and a Bachelor of Arts from the University of Massachusetts.