Alvarez & Marsal (A&M) has expanded its Public Sector Services practice with the addition of Michael Carrasco as Managing Director in Houston, and Jay Nagy as Senior Director in New York. Their appointments demonstrate A&M’s strong commitment to assist local, state and federal agencies and their private sector partners cope with increasing costs and enhance services for their constituents and stakeholders.
Mr. Carrasco’s expertise in information technology, legal and international affairs, and revenue growth will enhance A&M’s capabilities to address federal, state and local agencies’ complex needs. His record of achieving transformation through the adoption of technology and experience working for the government and private sector will be leveraged to help A&M’s clients improve the quality and efficiency of the services they provide.

Mr. Nagy, who has an extensive background in the healthcare sector and in corporate finance and strategy, will utilize his skills and experience to grow A&M’s services that support states’ implementation of managed long-term services and supports (MLTSS) programs. His expertise in formulating strategy, leading product development and implementing technology for healthcare and human services providers will help clients navigate current and emerging market challenges.

“Governments and their managed care partners are coping with unparalleled challenges in handling rising costs and evolving market dynamics. The combination of A&M’s operational heritage, foresight and response to market demands allows us to help clients address challenges and adapt to change,” said Erin Covington, Managing Director and co-leader of the firm’s Public Sector practice.

Tom Shaffer, Managing Director who co-leads A&M’s Public Sector Services practice with Ms. Covington, added, “Michael’s and Jay’s experience and expertise are aligned with A&M’s approach and complement our Public Sector Services’ value-added offerings.”

Mr. Carrasco joined A&M from Gartner, Inc., where as a Managing Partner he spearheaded the growth of its Information Technology Research, Advisory and Consulting businesses at the office of the Department of Defense’s Chief Information Officer. Prior to Gartner, Mr. Carrasco was a Director with PwC’s Public Sector Consulting practice. Before joining the private sector, Mr. Carrasco served at the Departments of Justice, Defense and State, where he led teams that advanced U.S. national security in East Asia, Middle East, North Africa and Latin America. As a civil attorney, he represented several city corporations across New York City and surrounding counties.

Mr. Nagy was the Founding CEO of Advance Care Alliance of New York, a Medicaid Care Coordination Organization serving people with intellectual and developmental disabilities. He led the organization through its application to be designated as a provider and later through its pre-operational review. He grew the company to approximately 1,000 employees and more than $100 million in annual revenue. Prior to that, Mr. Nagy was a Senior Director of Network Strategy at CareCentrix, a managed care organization; and served as Associate Principal of Corporate Strategy at The Advisory Board Company, a healthcare best practices research and technology firm. He began his career in investment banking at Houlihan Lokey.