WIKIMEDIA, ZARESHKThe financial situation of MD Anderson Cancer Center has continued to decline this fall, with October and November posting $102.4 million in losses, The Cancer Letter reported this week (December 9). In the 2016 fiscal year, operating losses topped $271 million.
According to KPRC 2, layoffs are not out of the question. “We are working collaboratively to reduce expenses and increase revenue to avoid the difficult decision of reducing our dedicated workforce,” MD Anderson told KPRC 2 in a written statement. “While we are taking every measure to avoid reducing positions, we must have contingency plans in place in the event that option becomes necessary.”
Some high-profile initiatives at MD Anderson may face the chopping block, including the Moon Shots Program (different from the one proposed by Vice President Joe Biden), which aims to increase survival rates for numerous cancers. “We are reviewing and reprioritizing our operational investments and looking for expense reductions in all programs, including the Moon Shots Program,” Dan Fontaine, MD Anderson’s executive ...
