Modern Healthcare Staff
Tara Bannow covers hospital finance for Modern Healthcare in Chicago. She previously covered all aspects of healthcare for the Bulletin, a daily newspaper in Bend, Ore. Prior to that, she covered higher education for the Iowa City Press-Citizen. She earned a bachelor’s degree in journalism in 2010 from the University of Minnesota.
Memorial Sloan Kettering Cancer Center posted a 12% loss on operations in the nine months ended Sept. 30. The organization is struggling with higher staffing and labor expenses combined with lower patient revenue.
Tower Health executives said on an investor call they're working to aggressively cut costs to turn around massive financial losses in 2019 and 2020. That could include selling off Philadelphia-area hospitals it bought from Community Health Systems.