The Boston Home welcomes
Francis R. Murphy III as CFO

Fran Murphy Brings Executive Experience in Long Term Healthcare Finance and Management

Mr. Murphy will oversee the 130-year-old non-profit organization’s financial management business processes. Mr. Murphy’s finance career has spanned more than 25 years and includes 14 years as a senior executive with large long term health care organizations. Mr. Murphy’s areas of expertise include improving data management, increasing productivity, and achieving cost savings and maximized reimbursements particularly through technology, billing, and purchasing efficiencies.

“We are so pleased to welcome Fran Murphy to The Boston Home team,” commented Marva Serotkin, The Boston Home’s President and Chief Executive Officer. “He has a wide breadth of experience with long term care services, ensuring all regulations are met, maximizing reimbursements from Medicaid, and finding additional sources of revenue and cost savings. We are pleased to have his broad expertise to rely on especially as we expand our outpatient programs for people living with progressive neurological diseases and our training institute for healthcare professionals.”  

Most recently, Mr. Murphy was CFO and Treasurer of Five Star Quality Care, Inc. (NYSE: FVE) of Newton, MA, a $1.2 billion senior housing leader, and concurrently served as Senior Vice President of Reit Management and Research. During a ten-year tenure, he served as Vice President and Controller at Boston-based Harborside Heathcare Corporation, a $600 million healthcare business with 73 skilled nursing facilities that merged with Sun Healthcare in 2007. Mr. Murphy’s experience also includes extensive certified public accounting management experience, including as a partner at Richard H. Daley & Company in Quincy and supervising audits in the Boston office of KPMG Peat Marwick.

“The Boston Home is a storied not-for-profit organization that has a well-justified reputation as a center for excellence in long term care,” says Mr. Murphy. “It’s an innovative leader in coordinated care from clinical practices to pioneering use of technology. I am excited to work with Marva Serotkin and the entire Boston Home team and its partners during this time of expansion.”

Fran Murphy earned his Masters of Science in Accounting from Bentley College in Waltham and Bachelor of Arts in Economics from the College of the Holy Cross in Worchester. He is active as a board member and volunteer with various community organizations. Mr. Murphy lives in Milton, Mass.