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Tara Bannow Profile
Tara Bannow

@TaraBannow

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Reporter covering hospitals, health insurance, & all things money+health care for @statnews |Tips ➡️ tara.bannow @statnews .com

Joined January 2010
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@TaraBannow
Tara Bannow
3 years
Folks, I’m very, very excited to be joining @statnews later this month to continue my coverage of hospitals + insurance. I’ve long been an admirer of the brilliant work STAT puts out. This team of reporters and editors is truly at the top of their game.
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@TaraBannow
Tara Bannow
2 years
I spent the past several months talking to more than three dozen parents and clinicians about how private equity investments have changed a popular form of autism therapy for @statnews . What I learned was striking. 1/10
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@TaraBannow
Tara Bannow
3 years
. @Intermountain postponing surgeries amid #COVID19 surge, 87% unvaxxed. Cases on hold incl patient at risk of deadly stroke. "You are going to have to wait for that procedure b/c we don't have a bed b/c it is filled with an unvaccinated person w/COVID."
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@TaraBannow
Tara Bannow
2 years
The bottom line, one parent said, is that bad autism therapy can injure & traumatize children. At best, it wastes crucial time in their development. It wastes parents' money. It wastes taxpayers' & insurers' money. "This is not a victimless crime." 9/10
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@TaraBannow
Tara Bannow
2 years
Parents described being hounded to take their kids to upwards of 40 hours of therapy per week, even if the kids are in school & other forms of therapy. "I felt like she was hustling me for more hours." 4/10
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@TaraBannow
Tara Bannow
2 years
There's also a lot of fraud in this sector, state and federal audits + lawsuits show. One person in Nevada, for example, billed for 65 hours of therapy in a single day, an obviously impossible feat. It's gotten so bad @OIGatHHS is working on a sweeping audit. 8/10
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@TaraBannow
Tara Bannow
2 years
That turnover deprives kids with autism of something they need most: consistency. “You’d get used to somebody, they’d leave Friday and you’d expect to see them Monday and they’d never come back,” one parent told me. 7/10
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@TaraBannow
Tara Bannow
2 years
More than 60 private equity firms, including giants like Blackstone & KKR, back a form of autism therapy called applied behavior analysis, or ABA. Investments reached a fever pitch in the latter half of the 2010s when more states mandated coverage. 2/10
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@TaraBannow
Tara Bannow
9 months
NGL, I was feeling pretty mad yesterday talking to fellow moms about their experiences pumping while traveling for work. Turns out, pumping in bathroom stalls is routine. It's something women accept & we don't talk about it. I had no idea. 🧵
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@TaraBannow
Tara Bannow
7 years
Press release from @OregonDCBS : Agency is ordering #healthinsurance carriers to increase approved 2018 silver rates by 7.1%.
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@TaraBannow
Tara Bannow
2 years
Clinicians described constant pressure to maximize therapy hours. There are billing quotas & rewards for top billers. One therapist felt like "a billing machine." Another said she was "run into the ground." 5/10
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@TaraBannow
Tara Bannow
9 months
More than 50 ppl have thanked me for calling attn to this issue--even fellow moms who pumped at JPM! I thought I was the only one! If you also pumped at #JPM24 or previous JPMs & feel comfortable talking, please shoot me an email: tara.bannow @statnews .com.
@TaraBannow
Tara Bannow
9 months
Welp, here’s a story I didn’t expect to write this week: How I ended up pumping milk in a bathroom stall at #JPM24 @statnews
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@TaraBannow
Tara Bannow
2 years
Kidney disease patient faced paying $5,000 for each infusion of a drug her insurer refused to cover. The same drug the insurer had covered for her in the past. A drug that had sent her into remission for years. “It’s mind-boggling.” via @statnews
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@TaraBannow
Tara Bannow
2 years
The therapy is meant to be highly individualized to each client, but sources told me the big chains often use "cookie cutter" treatment plans to save money on time-intensive assessments. 3/10
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@TaraBannow
Tara Bannow
2 years
There's also constant turnover in the field. Clinicians said they left big PE-owned chains because they felt burned out, mistreated, underpaid. One large chain settled a lawsuit last year that it failed to fully pay workers & didn't provide lunch breaks. 6/10
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@TaraBannow
Tara Bannow
7 months
If you've found yourself wondering "What the heck is Change Healthcare anyway?", you may want to give @bobjherman 's latest a read. It's a look at what Change does and why the cyberattack outage is having such sweeping impacts. via @statnews
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@TaraBannow
Tara Bannow
2 years
Medicare wants to stop publishing some #hospital safety data next year “They just gave hospitals a huge gift, and they just created an incredible amount of risk for patients checking into a hospital today.” via @statnews
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@TaraBannow
Tara Bannow
10 months
Hundreds of docs have quit since HCA took over 6 NC #hospitals . "I couldn’t in good faith take care of patients somewhere I didn’t think was safe," one oncologist told me. They've joined local leaders, nurses, & patients in an open revolt. via @statnews
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@TaraBannow
Tara Bannow
3 years
The American Hospital Association is known for being a lobbying powerhouse. Now, the group is dipping its toes into a decidedly different arena: #VentureCapital investing. My first story for @statnews ! -->
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@TaraBannow
Tara Bannow
3 years
We need to talk about why Sidibe v. Sutter, the federal antitrust case whose trial started this week, is important, worth your attention & bigger than @SutterHealth . 1/10
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@TaraBannow
Tara Bannow
7 months
UnitedHealth is setting up a loan program to pay providers during the outage caused by the Change cyberattack, which could last weeks Nice scoop from @brittanytrang @statnews
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@TaraBannow
Tara Bannow
1 year
After years of splashy headlines announcing #venturecapital funds, many #hospital systems are quietly dialing back. I talked to VC execs who left hospitals b/c their work had dried up. As one source put it, "Heads were going to roll." via @statnews
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@TaraBannow
Tara Bannow
2 years
Happy #JPM23 week! Here are the #hospital & #healthinsurance companies @bobjherman & I will be keeping an eye on at this year's conference. Stay tuned! via @statnews
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@TaraBannow
Tara Bannow
2 years
Another day, another study debunking #hospital merger claims. New @JAMA_current study finds health systems have much higher prices & only marginally better quality. "It's extremely costly and hard to say it's worth it." via @statnews
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@TaraBannow
Tara Bannow
2 years
Let this sink in: 9 out of 10 #healthcare companies @MoodysInvSvc considers financial stressed are owned by private equity firms. “Clearly the private equity industry is realizing this in a very painful way, that you can’t do this.” via @statnews
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@TaraBannow
Tara Bannow
9 months
Anyway, here's the follow-up article to my column on pumping at #JPM24 . Please educate yourself & better support moms. Or, if it's helpful to think about it this way: Better support babies in getting the crucial nutrients they need. via @statnews
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@TaraBannow
Tara Bannow
2 years
Think HIPAA will protect you if prosecutors want your reproductive health records? Think again. via @statnews
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@TaraBannow
Tara Bannow
2 years
This has long been a source of friction between hospitals and med schools. My interviews w/~20 people indicate some feel it's heading toward a breaking point. Please give my latest @statnews story a read!
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@TaraBannow
Tara Bannow
3 years
Several studies out yesterday encapsulate a lot of what's happening in the #healthcare industry. For the first time, the majority of doctors now work outside of physician-owned practices for #hospitals and companies like @Optum , per the @AmerMedicalAssn
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@TaraBannow
Tara Bannow
3 years
Doctors should not diagnose patients with "excited delirium"--often used to justify excessive force by police--or use ketamine to sedate agitated individuals, per new @AmerMedicalAssn policies via @MHSjohnson
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@TaraBannow
Tara Bannow
3 years
Non-profit convinces #hospitals to donate old medical debt & then collects on it, touting a gentle, 'white glove' approach "I can't tell you exactly what side of the line it's on, but it's very close to the line, that's for sure." via @modrnhealthcr
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@TaraBannow
Tara Bannow
2 years
Over the years, I’ve noticed hospitals transferring large amounts of money to their affiliated medical schools. That seemed curious. With all the debt people take on to go to med school, shouldn’t these places be swimming in cash?
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@TaraBannow
Tara Bannow
2 years
This @isabellacueto lede! "Near the corner of busy Santa Monica Boulevard and Corinth Avenue, underneath lines of skinny palm trees and against an almost perpetually bright-blue sky, a hot pink billboard declared: Hot girls have IBS." via @statnews
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@TaraBannow
Tara Bannow
2 years
Hip & knee replacements tend to go better & cost less when performed by high-volume surgeons, new study finds “The idea in medicine that there’s a quality-costs trade-off...that just doesn’t seem to be the case." - @ZekeEmanuel via @statnews
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@TaraBannow
Tara Bannow
2 years
Insurance giant @UHC is dropping copays for life-saving drugs like insulin & epinephrine in some plans. It's good for patients, and also happens to bode well for UHC's bottom line. The lastest from @bobjherman & I: via @statnews
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@TaraBannow
Tara Bannow
6 years
Best pitch eva: Hey Tara, saw your article about #RealEstate investment trusts, and thought you might be interested in our new study about how Republicans are more likely to diet for weight loss than health.
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@TaraBannow
Tara Bannow
9 months
Leading up to #JPM24 , I got an email from @MorganHealth 's new flack: Would I interview its CEO? Morgan is JPM's 2nd employer-sponsored healthcare outfit. The 1st, Haven, failed spectacularly. Morgan's message today: We're still a thing. via @statnews
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@TaraBannow
Tara Bannow
2 years
My colleagues @statnews did some amazing reporting in 2022. That said, there are plenty of stories we wish we'd written that others handled beautifully. I give you, our jealosy list:
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@TaraBannow
Tara Bannow
2 years
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@TaraBannow
Tara Bannow
3 years
A top Sutter Health exec said during federal testimony yesterday that Sutter isn’t required to provide free care to be a nonprofit. She’s right (with caveats). Why? Follow me down this rabbit hole, my friend: via @modrnhealthcr
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@TaraBannow
Tara Bannow
7 years
Doctors who treat immigrants see ppl with stomach aches, headaches--a result of the stress of being undocumented #ahcjimmigrants #AHCJ17
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@TaraBannow
Tara Bannow
4 years
I did a podcast!
@modrnhealthcr
Modern Healthcare
4 years
#LISTEN : Modern Healthcare Hospital Operations Reporter Alex Kacik spoke with Finance Reporter Tara Bannow to discuss how the framework of the COPA could spur more hospital mergers and acquisitions. #podcast #MHBeyondtheByline
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@TaraBannow
Tara Bannow
5 years
. @jpmorgan analyst Gary Taylor wins hearts of journalists everywhere by asking @SeemaCMS why CMS rules come out on Friday afternoons. She chuckles: "We've actually tried to move them up. It's gotten better." #JPM20
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@TaraBannow
Tara Bannow
3 years
. @CFPB reports $88B in medical debt on credit reports, vow crackdown on abusive practices "I am concerned the credit reporting system is being weaponized as a tool of coercion to get people to pay medical bills they may not even owe." via @modrnhealthcr
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@TaraBannow
Tara Bannow
2 years
Have you signed up yet?
@statnews
STAT
2 years
Exciting news! STAT is launching a brand new newsletter next month called Health Care Inc. Reporters @bobjherman and @TaraBannow will bring you lively conversation that follows the flow of money through the #health care industry.
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@TaraBannow
Tara Bannow
3 years
So excited that my @modrnhealthcr story about a new "white glove" medical debt collector is among the honorees!
@AHCJ
Association of Health Care Journalists
3 years
Congratulations to all the winners of the 2021 Awards for Excellence in Health Care Journalism!
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@TaraBannow
Tara Bannow
4 years
Update: #Houston ’s Harris County says it may need to close its #COVID19 test sites if Trump admin pulls support. Says it hopes gov’t reconsiders “during this critical time.”
@TaraBannow
Tara Bannow
4 years
Trump administration is ending funding for 13 #COVID19 testing sites, including seven in Texas. @RepSylviaGarcia , whose district includes Houston metro, said @fema withdrawal would be "harmful and irresponsible." via @modrnhealthcr
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@TaraBannow
Tara Bannow
2 years
DOJ says sweeping fraud scheme in Texas involved dozens of doctors & front companies, all profiting off lab tests. One exec involved couldn't contain her glee, writing to colleagues: "WOWIE!!!!! HOW DO WE GET SOME MORE OF THAT???!!!!!!!” via @statnews
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@TaraBannow
Tara Bannow
5 years
#DemDebate focused a lot on health insurer profits, so ⁦ @modrnhealthcr ⁩ compared across industries & found they’re not the highest by a lonnng shot. Guess who is.
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@TaraBannow
Tara Bannow
6 years
One solution to surprise medical bills: Require in-hospital physicians to contract with same #healthinsurance carriers as #hospitals via @modrnhealthcr
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@TaraBannow
Tara Bannow
9 months
To be fair, it took becoming a mom myself to realize how complicated this all is. Pumping/breastfeeding is truly like a second job on top of your full-time job. I wish I had understood this earlier & sincerely hope I didn't downplay anyone else's experiences before I understood.
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@TaraBannow
Tara Bannow
3 years
Great healthcare industry analogy @modrnhealthcr ‘s Leadership Symposium from Intermountain’s @DanForUtah : It’s like a massive game of Hungry Hungry Hippos. Marbles going across the table and you’re cranking to get as many as possible. “But at some point, the marbles run out.”
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@TaraBannow
Tara Bannow
2 years
#Hospital mergers that used state immunity to dodge federal antitrust scrutiny eventually raised prices between 39% & 51%, new study finds. Meanwhile, @FTC is not pleased. "When the gloves get taken off, they fully exercise their market power" @statnews
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@TaraBannow
Tara Bannow
6 years
Btw, here’s a short person’s view trying to get anywhere at #JPM19
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@TaraBannow
Tara Bannow
4 years
An appeals court today rejected the @ahahospitals ' latest #pricetransparency challenge. New rule takes effect on Friday. via @modrnhealthcr
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@TaraBannow
Tara Bannow
8 months
Today a federal judge for the 1st time questioned pharma lawyers in person about their bid to stop #Medicare from negotiating #drugprices . It didn’t go well for them, @john_wilkerson reports. “I don’t find their argument compelling,” the judge said.
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@TaraBannow
Tara Bannow
9 months
In fact, many of the almost 100 ppl who reached out thanking me for drawing attention to this issue didn’t want to share their stories on the record for fear of harming their careers. Let that sink in.
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@TaraBannow
Tara Bannow
9 months
Happy #JPM24 ! I'm at the nonprofit #hospital track this morning. Starting w/ @CommonSpirit , whose CFO says insurers are partly to blame for system's big financial losses in recent years. Says denials rising, insurers not complying w/contracts. "We're working feverishly on this."
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@TaraBannow
Tara Bannow
3 years
Sadly, that means I’m leaving @modrnhealthcr after almost five years. Really going to miss this smart, dogged team that I’ve learned so much from. This newsroom covers a lot of ground and its reporters are experts in their coverage areas.
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@TaraBannow
Tara Bannow
3 years
Let's be real: Despite all the marketing & chatter around value-based care, healthcare's supposed transition to paying to keep people healthy has so far been a lot more talk than action.
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@TaraBannow
Tara Bannow
3 years
Lots of important stories to tell about the healthcare industry: The constantly evolving payment landscape, how private equity is changing things, the shift away from hospital care, etc. Stay tuned.
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@TaraBannow
Tara Bannow
11 months
Federal law protects patients from surprise medical bills for almost everything *except* ground ambulances. @bobjherman & I, in collab with our friends at @tradeoffspod , dug into on the possible fixes being explored: via @statnews
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@TaraBannow
Tara Bannow
6 years
Dang. More than two million people had data exposed in #healthcare data breaches last month, per @HHSOCR via @JessicaKimCohen @modrnhealthcr #databreach #dataprivacy
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@TaraBannow
Tara Bannow
9 months
Society values babies immensely. As we should. And we have a mountain of data that explains why breastfeeding is important for babies’ health. And yet, there's precious little support to help women help babies. We're just expected to get it done & shut up about it.
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@TaraBannow
Tara Bannow
1 year
Why do Hispanics in the U.S. live longer than white people? One hypothesis is their tight-knit families + community networks. "One is never alone." A fascinating read!
@ushamcfarling
Usha Lee McFarling
1 year
I looked at the Hispanic paradox--the finding that Hispanic people on average live longer than white people--at the many attempts to debunk it (which have failed), and what a new generation of researchers is now learning about it says about health.
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@TaraBannow
Tara Bannow
6 years
This morning, @Centene 's CEO told me #hospitals typically buy health plans to keep beds filled, not lower costs. Feel like health system leaders might feelings about this? #JPM19 #JPM2019
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@TaraBannow
Tara Bannow
9 months
Ahead of #JPM24 , @brittanytrang & I looked at who profits the most in #healthcare : drug & devicemakers, b/c they shoulder the most risk. That said, profit is increasingly going to middlemen who don't fund risky studies or even store meds. via @statnews
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@TaraBannow
Tara Bannow
6 years
. @UPMC CFO Robert DeMichiei says lots of health systems have talked about rev cycle and growth, but "we need to be zealots about cost." UPMC tracks cost per everything (OR hour, claim) and is trying to lower all of them. #JPM19 #JPM2019
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@TaraBannow
Tara Bannow
3 years
BREAKING: Jury finds @SutterHealth did NOT engage in illegal all-or-nothing contracts & did NOT force insurers into contracts that prevented them from sending patients to non-Sutter hospitals. Background on federal case: Story to come @modrnhealthcr .
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@TaraBannow
Tara Bannow
2 years
Friday rule drop! Biden administration is mostly sticking to its guns on the No Surprises Act, holding that median contracted rates should be first consideration in payment disputes. via @statnews
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