Tracy Raleigh is an accomplished health care leader with 30 years of executive experience in both the public and private sectors. She advises providers and other health care organizations on strategic planning, performance improvement, capital financing and financial restructuring, with a focus on distressed health care provider restructuring and turnaround; strategic planning for inpatient, ambulatory, post-acute, and physician and community organizations; capital financing and access for health care providers; business planning and financial feasibility; health care governance models; alternative payment models, including value-based payment; and population health initiatives.

Before joining Manatt, Tracy was the Director of the Center for Planning, Licensure, and Finance for the New York State Department of Health. In this capacity, she directed all activities of the Center, including policy and program development, operations, staff planning, and recruitment, and oversaw all functions related to health system planning and licensure, including the administration of the Certificate of Need Program, as well as the operating and capital grant funding programs for health care providers.

A business-minded leader, Tracy led teams to implement grant programs, including over $3 billion in grants authorized under the Capital Restructuring Financing Program, the Essential Provider Support Program, the multiple phases of the Health Care Facility Transformation Programs, the Vital Access Provider (VAP) Program and the Value Based Payment Quality Improvement Program (VBP QIP). Additionally, she led COVID-19 pandemic response teams related to the innovative Surge and Flex and vaccine distribution state programs, where she provided oversight and implementation of load balancing policies, alternate inpatient care and testing sites, and coordination of Vaccine HUB hospitals, including distribution and redistribution of vaccines.

Previously, Tracy served as the Assistant Director of Public Finance and Portfolio Monitoring for the Dormitory Authority of the State of New York, where she identified and formulated new programs, products and policy proposals based on health care industry trends and client needs, and assisted in delivering taxable and tax-exempt bond financings to support capital projects at numerous health care systems and higher education organizations. She also managed the monitoring processes and procedures for an $8 billion health care bond portfolio, with a track record of no bond defaults.