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Office of Financial Management

Megan Worstell

Acting Director & CMS Chief Financial Officer
Phone:  | 410-786-4520 Baltimore

Megan Worstell is the Acting Director of the Office of Financial Management (OFM). As one of CMS’s senior financial management executives, she is accountable and responsible for planning, directing, analyzing and coordinating the Agency’s comprehensive financial management functions, including the release of the CMS Annual Financial Report and the CMS Budget to Congress. Megan also helps lead the implementation of all CMS financial management systems, debt collection activities, travel, error rate measurement, and other financial management functions.

Megan served as the Acting Chief Financial Officer (CFO) and Acting Director of OFM from May 2015 – August 2016. During her tenure, CMS achieved its 17th consecutive unqualified audit opinion for the 2015 CFO Audit. CMS implemented Phase 1 of the Enterprise Contract Initiative to achieve a risk based approach to better align the Marketplace contracting vehicles with the program requirements, better manage cost overruns, and reduce contract costs by $40-$50 million. Megan has also served as the Director of the Budget and Analysis Group (BAG) for over four years. BAG is responsible for formulating and executing the entire budget for CMS consisting of close to $1 trillion in outlays every year and served as the Agency liaison with the Appropriations Committees. Megan also served as the Deputy Director of BAG.

Megan graduated with honors with a Bachelor of Arts degree in Elementary Education from Flagler College.