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Tracy Foster
Emeritus Board Member @Family Reach
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WORK HISTORY
Emeritus Board Member @Family Reach
EDUCATION
University of Michigan
B.S.E, Industrial and Operations Engineering
University of Virginia Darden School of Business
MBA, Business Administration
SKILLS
ABOUT TRACY FOSTER
As a President, Board Member, and healthcare Industry Executive, my leadership has resulted in exponential increases in value and benefits for all stakeholders: the company, customers, associates, and the ultimate recipients of services. I have held full P&L responsibility, accountable for the design, development and implementation of pioneering programs within the pharmaceutical, biotech and medical device industries that have generated innovation and outcomes exceeding expectations. Expertise includes:STRATEGIC GROWTH: Delivery of industry-leading topline and bottom line CAGR over 10 years, establishing market leadership by launching diversified/opportunistic new service lines, strategic acquisitions, and turning around under-performing business units.OPERATIONAL EXCELLENCE: Secured and led $100M+ capital investment that transformed operating and technology systems/models. Established organizational framework and processes to seamlessly support YOY double-digit growth and directed an efficient integration of four major acquisitions.FINANCIAL/P&L LEADERSHIP: Full accountability for a $1B P&L, including allocating a $63M CAPEX budget, creating cost containment initiatives, developing innovative pricing strategies, rationalizing facilities, increasing automation, and shrewdly managing the product portfolio to maximize revenues and margins.HEALTHCARE EXPERTISE: Commercialization, reimbursement, patient and provider support services and regulatory trends and environment (including successfully navigated market-changing legislation)CUSTOMER RELATIONSHIPS: Establishing enduring, consultative top-to-top customer relationships by understanding, responding to their strategies and by developing creative, new business models and alignments.HUMAN CAPITAL DEVELOPMENT: Created high performance corporate culture focused on addressing customer objectives and unfailing dedication to quality, compliance, performance management and diversity.
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