CMC Executive Team

James A. Lapsley

Chief Executive Officer

Jim Lapsley became Chief Executive Officer for Loudoun Medical Group – a unique physician-owned, 100-plus-provider multi-specialty organization – when the group was established in June 2000. As CEO of LMG, Jim is responsible for negotiations and planning of managed care operations; billing and accounts receivable management; conversions and new system start up; human resources; accounting and financial functions; marketing and business planning; physician compensation management; and other practice operations within the group. He also offers executive leadership and provides professional guidance to clients of Century Management Company, a wholly-owned subsidiary management service organization (MSO) of Loudoun Medical Group, PC.

Throughout his 15-year career, Jim has consistently played a vital executive role in business development and operating management for health care organizations. Prior to joining LMG, Jim served as vice president of the Loudoun Hospital Center for nearly two years. In that capacity, he was responsible for the organizational realignment of the hospital through the streamlining of the physician’s practices around a central, standardized operating system. Following the Board’s decision to cease the hospital’s initial integration strategy, Jim developed a practice divestiture strategy, and managed the final negotiations between the departing physicians and Loudoun Hospital Center.

From 1997 to 1998, Jim worked at Inova Health System Integrated Physician Services as the chief operating officer, where he developed and lead the process of integrating the Alexandria Primary Care Network with the Integrated Physician Services when Inova Health Systems merged with Alexandria Hospital. He also directed the development of a long-range financial plan identifying revenue and expense trends as well as potential changes in contractual allowance due to the changing managed care environment.

In the four years prior to the merger, Jim was a key member of Alexandria Hospital’s management team, first as Administrator of Network Operations and then later as Executive Director of the Community Primary Care Network. During his tenure, Jim was responsible for all organizational development, as well as the operations and marketing functions for the dynamic health care organization, including business planning, marketing planning, site development, acquisitions and operations. He also directed practice acquisitions, developed a physician compensation and benefits program, crafted human resource policies, and implemented operational plans for the Network and each of its clinics.

Jim has held a number of other positions throughout his career, including Vice President of Physician Services for a large integrated delivery system in Kansas City, Missouri. Earlier, Jim held several positions where he was responsible for the coordination of facility design and construction projects and a variety of human resources functions, including the creation and implementation of orientation seminars, ongoing educational programs for physicians and ancillary personnel, as well as the administration of clinical operational policy and procedure. Jim was also responsible for the implementation of Quality Assurance Programs.

Jim earned a Bachelor of Science degree in business administration from Central Missouri State University in 1987, and a master’s degree in health services administration from Webster University in March 1994. He currently resides in Fairfax Station, VA, with his wife, Louella, and their son, Christopher.

Mary Elizabeth Tamasy, C.P.A.

Chief Financial Officer

Mary Elizabeth Tamasy, CPA, is the chief financial officer of Loudoun Medical Group, PC. In this role, Mary Beth’s chief aim is to assist physicians and their partners in achieving improved bottom line performance while maintaining or improving patient care and service. She and her team provide accurate and timely financial statements in accordance with generally accepted accounting principles, and educate the group’s physicians regarding their practices’ finances utilizing a variety of tools, including cost/benefit analyses; break-even analyses; benchmarking; financing and compensation models; and tax-planning. In addition, she supervises budget preparation; internal control review; and financial report preparation at the provider level.

Prior to joining LMG, Mary Beth was a financial consultant with Diversified Medical Management, a Pittsburgh-based healthcare consulting firm specializing in financial valuations of medical groups, as well as analyzing physician compensation models and providing general accounting services.

Before her association with DMM, Mary Beth was in private practice for nine years providing audit and accounting services. While in private practice, Mary Beth also worked as an independent sub-contractor for the federal government, performing hundreds of audits of Medicare cost reports. Due to the nature of this work, Mary Beth worked frequently with the O.I.G. and F.B.I in obtaining evidence of potential fraudulent and abusive activities, calculating the value of government overpayments and providing expert testimony.

Prior to establishing her private practice, Mary Beth was employed at Price Waterhouse as an audit manager and consultant and at Arthur Young & Company. While working for these international accounting firms, Mary Beth worked on a wide range of healthcare clients including: community hospitals; home health agencies; medical practices; nursing homes; blood banks; and drug and alcohol centers.

She received a commendation early in her career for having successfully completing the uniform C.P.A. examination upon first sitting. Mary Beth earned a B.A. degree in psychology and education from Carlow College in Pittsburgh, and received her accounting credentials from the University of Pittsburgh.