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Tracey L. Klein 
[T] 414-298-8156 
[F] 414-298-8097 
 
tklein@reinhartlaw.com 

Admitted to the Bar
Wisconsin
Illinois
Washington, D.C.
U.S. Court of Appeals, Seventh Circuit


Tracey L. Klein is a shareholder and chair of Reinhart's Health Care Practice, and co-chair of the firm's Government Relations group. Ms. Klein has served as general counsel to acute care hospitals, multiprovider health care systems, multispecialty clinics, managed care companies and health insurance companies for more than 20 years. She has experience in regional and national transactions involving health care providers and insurance companies including the formation of joint operating entities, hospital affiliations and mergers, the formation of physician group practices and the formation and reorganization of insurance companies.
 

Ms. Klein has significant experience in the area of corporate governance. Ms. Klein routinely provides legal support and counsel to health system Boards of Directors, as well as the compensation, governance and nominating committees. Ms. Klein conducts frequent educational sessions on D&O coverage, audit committee and accounting issues, as well as on the requirements imposed on publicly traded companies by the Sarbanes-Oxley Act. Ms. Klein attended the 2003 Kellogg School of Management Program on "Strategies for Improving Directors' Effectiveness."

Tracey Klein currently serves Wisconsin's First Lady, Tonette Walker, in her capacity as a member of the Wisconsin First Lady Advisory Council (WI-FLAC).  This council was formed to assist and counsel the First Lady, bringing attention to the work of organizations and individuals being performed within the State of Wisconsin, leaving Wisconsin a better place for future generations.  The advisory members play a critical role, as recognized community leaders, in communicating goals and activities of the First Lady throughout the State of Wisconsin.  The Council meets periodically to review the activities and plans of the First Lady and provides advice and direction.
 
Representative Matters and Experience
  • Served as special counsel in Wisconsin in the revamping of medical staff By-Laws for four hospitals. Assisted in physician disciplinary proceedings and conducted a fair hearing and appellate review process in this matter
  • Currently serving as special counsel to a large, multihospital system in Wisconsin in a medical staff consolidation initiative to establish system-wide medical staff and dissolve medical staffs of subsidiary hospital corporations
  • Served over the past year as general counsel to a health system in Illinois, with respect to the construction of a $100 million replacement acute care hospital, where she supervised the filing of the application for certificate of need before the Health Facilities Planning Board in Illinois and the negotiation of agreements with the developer, general contractor, financial advisor and architect. She also supervised the issuance of tax-exempt bonds to fund construction costs, performed the legal work to successfully obtain a favorable recommendation for property tax exemption from the DeKalb County Board of Review and obtained a favorable ruling from the Illinois Department of Revenue. In addition, she reviewed and liberalized all charity care policies in light of Provena/Carle decisions denying property tax exemption. Ms. Klein also provided legal advice on various components of the capital campaign and ensured all legal standards were met
  • Counsels health care and insurance clients in handling credentialing matters, medical and legal bioethics issues, billing issues, managed care contracting strategies, Food and Drug Administration issues and patient confidentiality matters, as well as issues involving fraud and abuse, antitrust, tax exemption and Medicare and Medicaid reimbursement
  • Counsels clients regarding the implementation of conflict of interest and corporate compliance policies
  • Represents clients in corporate governance and oversight issues, including handling investigations of employee misconduct and instituting internal controls to detect and prevent instances of noncompliance with the law

Accolades

  • Recipient of The Business Journal of Greater Milwaukee's 2008 Women of Influence Award in the community supporter category
  • Wisconsin Top Rated Lawyer Martindale-Hubbell AV® Preeminent™ Peer Review Rated
  • Best Lawyers in America (Health Care Law)
  • Selected for inclusion in Wisconsin Super Lawyers

Notable Publications/Presentations 

  • Co-author, "Troubleshooting ACO Antitrust Enforcement." Law 360 (2011)
  • Co-author, "Tax-Exempt Organizations: Ensuring Governing Board Independence." Business Law & Governance (2010)
  • "Hot Topics for Hospital Boards." Illinois Hospital Association (September 2007)
  • "Physician Recruitment Strategies under Increased IRS Scrutiny" (1994)
  • "The Health Care Dilemma: Testing Patients for AIDS." Wisconsin Bar Bulletin (1989)
  • "Limits on Individual Accountability for Corporate Crimes." Marquette Law Review (1984)
  • "The Role of the Board of Directors in Quality Oversight" 

Affiliations/Memberships

  • Milwaukee Bar Association
  • State Bar of Wisconsin 
  • American Bar Association
  • Admitted to practice before the U.S. Court of Appeals for Seventh Circuit
  • National Association of Professional Women representing Milwaukee, WI (2010-2011)
  • Appointed to Southeast Wisconsin Professional Baseball Park District (Board of Directors 2012-2015)
  • City of Brookfield Fire and Police Commission (former member of the Board of Directors)
  • American Red Cross - Milwaukee Chapter (former member of the Board of Directors)
  • Sharon Lynn Wilson Center for the Arts (former member of the Board of Directors)
  • Calvary Lutheran Church Council (Board of Deacons)
  • Elmbrook Swim Club (Board of Directors)
  • TEMPO (past president)
  • University of Wisconsin-Milwaukee College of Health Sciences (Board of Advisors)
  • Appointed to serve on the National Advisory Child Health and Human Development Council (2004-2008)
  • American Heart Association (former member of the Board of Directors)
  • Marquette University Law School (Board of Advisors)
  • Milwaukee Women inc. (Executive Committee)
  • On the faculty of PRIM&R and the National Association of Institutional Review Board Managers; considered a national expert on the responsible conduct of clinical research involving human subjects 
  • Skylight Opera (Board of Directors)
  • Milwaukee Film (Board of Directors)
  • United Way of Greater Milwaukee (Cabinet Member
  • Wisconsin First Lady Advisory Council
  • American Lung Association of the Upper Midwest; named "Volunteer of the Year" in June 2012

Education

  • J.D., cum laude, Marquette University Law School
  • B.A., University of Wisconsin-Madison