Larry Young

Larry Young is the Deputy Director of the Office of Financial Management (OFM). Working in concert with the Director of OFM, he is accountable and responsible for planning, directing, analyzing and coordinating the Agency’s comprehensive financial management functions, including the CMS Budget to Congress.  Larry also helps lead the implementation of all CMS financial management systems, debt collection activities, travel, error rate measurement, and other financial management functions.  

Prior to joining OFM in the fall of 2023, Larry was the Director of the Medicare Contractor Management Group in the Center for Medicare. In this role, held permanently since November 2014, he provided executive leadership and direction ensuring continuity of operations for overall Medicare fee-for-service (FFS) operations which served over 33 million beneficiaries.  His primary responsibilities were focused on the procurement, management, coordination, and oversight of 16 Medicare Administrative Contracts (MACs) with contract values that exceed $11.1 billion and which employed approximately 9,000 employees across the country forming the backbone of the traditional FFS Medicare program. The MACs are responsible for a myriad of different administrative functions including claim payment, financial management, provider enrollment, appeal adjudication, provider education, provider call center, medical review, and provider audit and reimbursement.  The most critical MAC function is comprised of processing about 1.1 billion claims and paying out over $440 billion in claim benefits annually to over 1.7 million Medicare providers of service nationwide, including hospitals and other institutional facilities, physicians, non-physician practitioners, and durable medical equipment suppliers.  

Larry joined the then designated HCFA Dallas Regional Office under the Outstanding Scholar program in 1988, working on different assignments in operations, policy, program integrity, managed care, and contracting in CMS, and at a Medicare claims processing contractor. After a brief three-year stint as a Medicare Compliance Officer for Kaiser Permanente, he returned to CMS in the fall of 1999 where he has held positions of increasing scope and responsibility, providing critical contributions to the MAC program and operational environment of the FFS Medicare program. Larry holds a B.A. from Austin College and M.A. from T.C.U.