Tracy Stephens is a certified public accountant and senior executive with 29 years of diverse financial experience, primarily in private equity sponsored healthcare services. As CFO of Paladina Health, he is responsible for managing all aspects of the financial performance of the company, as well as treasury functions and external audit responsibilities. Tracy says the most rewarding aspect of his work is when finance and operations get on the same page, because that means a business can enjoy tremendous success.
Early in his career, Tracy worked in public accounting for large national firms but quickly found success in the private sector. He served as a finance executive in the clinical trials industry and in the PE-backed healthcare services world focusing on radiology, oncology, urgent care, and pathology, respectively. His most recent position was CFO of American Pathology Partners in Nashville, TN. The company, which does $80 million in annual revenue, is a PE-backed provider of anatomic pathology laboratory services serving women’s health and oncology providers across multiple states. In addition to supervising all accounting and finance functions, Tracy served as chief compliance officer.
The expertise Tracy brings to Paladina Health to help us in our mission to transform primary care in America is considerable. He helped start a primary care/urgent care company, Urgent Team LLC, which provided medical services to patients from 20 rural communities through retail walk-in clinics open 7 days a week with extended hours. As CFO/COO, Tracy supervised operations of field sites including staffing of physicians and nurse practitioners, EMR utilization, and clinical adherence to state and federal regulations. He streamlined medical processes and introduced ancillary revenue streams. Tracy managed revenue growth from start-up to $25 million annually; the company saw year-over-year growth in net revenue of 17%. What made an impact on Tracy personally was seeing firsthand the patient’s need for accessible, good primary care in these markets. The experience solidified Tracy’s passion for delivering quality care to patients who would otherwise probably ignore their health issues.
A baseball fanatic, Tracy continues to play in a 45+ age group who call themselves “The Geritol League.” He says that before each game, the smell of Icy Hot is so strong in the dugout that it will clear your sinuses. Tracy also enjoys outdoor activities such as hunting, fishing, and hiking.