Commissioner Appoints Lora K. Lefebvre To Medicaid Health Care Financing Position

Government Financing Veteran to Direct Capital Initiatives, Work on Medicaid Reimbursement Reform

ALBANY, N.Y. (May 23, 2008) – Lora K. Lefebvre, with more than 20 years in government finance and policy analysis, has been appointed Deputy Director of Reimbursement and Director of Capital Initiatives within the state Health Department's Office of Health Insurance Programs' Division of Health Care Financing, state Health Commissioner Richard F. Daines, M.D., announced today.

Ms. Lefebvre will report to Division Director John Ulberg, and will be responsible for formulating capital reimbursement and financing policies. She will assist in the development and implementation of Medicaid reimbursement reform initiatives.

Ms. Lefebvre is currently Deputy Secretary to Governor David A. Paterson for Public Finance and Local Government, where she has led the Governor's response to the subprime banking crisis and to medical malpractice insurance reform. She is responsible for policy development and oversight of agencies related to public finance, including Banking, Taxation and Finance, Insurance, Dormitory Authority, Real Property Services, Racing and Wagering, Lottery, State Liquor Authority and the State Insurance Fund.

"Lora Lefebvre is a superb analyst, problem-solver and negotiator," Commissioner Daines said. "Her experience in budgeting and health care capital financing will be of great value to the Department of Health."

From 1995-2007, she worked at the Dormitory Authority of the State of New York in progressively responsible positions in health care bond financing, spending her last four years there as Managing Director of Portfolio Management. There, she supervised credit analysis and portfolio risk assessment for a portfolio of more than $12 billion in bonds for about 150 clients. She supervised financial recovery plans with health-care institutions, helping to ensure the security of DASNY investors' funds.

She also worked 10 years in the state Division of the Budget, working on budgets for the State University, school aid, certain health care programs and public authorities. She began her government career in the state Department of Taxation and Finance.

Ms. Lefebvre earned her bachelor's degree from Alfred University, and a master's degree in public administration at SUNY Albany.

Ms. Lefebvre lives in Troy. She will begin her new job on June 5.