READING, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TOWER HEALTH MEDICAL GROUP, founded in 1983, is a major nonprofit that reported $223.2M in total revenue in fiscal year 2024. Expenses of $386.8M exceeded revenue, resulting in a 73% operating deficit.
TOWER HEALTH MEDICAL GROUP IS THE REGION'S PREMIER PHYSICIAN-DIRECTED, MULTI-SPECIALTY GROUP OF HEALTH CARE PROFESSIONALS WHO PARTICIPATE WITH TOWER HEALTH IN MANAGING POPULATION HEALTH AND PROMOTING WELLNESS, DELIVERING HEALTH CARE THAT IS READILY ACCESSIBLE, COMPASSIONATE, AND OF THE HIGHEST QUALITY AND VALUE, AND ENGAGING IN CLINICAL RESEARCH AND THE EDUCATION OF HEALTH CARE PROFESSIONALS AND OUR COMMUNITIES.
OUR PRIMARY CARE PROGRAM IS COMPRISED OF INTERNAL MEDICINE AND FAMILY PRACTICE PHYSICIANS, PHYSICIAN ASSISTANTS, AND NURSE PRACTITIONERS THROUGHOUT 33 LOCATIONS IN BERKS, CHESTER, MONTGOMERY AND...
OUR PRIMARY CARE PROGRAM IS COMPRISED OF INTERNAL MEDICINE AND FAMILY PRACTICE PHYSICIANS, PHYSICIAN ASSISTANTS, AND NURSE PRACTITIONERS THROUGHOUT 33 LOCATIONS IN BERKS, CHESTER, MONTGOMERY AND PHILADELPHIA COUNTIES. DURING FISCAL YEAR 2025, TOWER HEALTH MEDICAL GROUP'S PRIMARY CARE PROGRAM PROVIDED CARE THROUGH 251,802 PATIENT VISITS TO PATIENTS OF ALL AGES WITH A FOCUS ON WELLNESS AND DISEASE MANAGEMENT. ALL LOCATIONS ACCEPT BOTH MEDICARE AND MEDICAID PATIENTS.
OUR ACUTE HOSPITALIST PROGRAM IS COMPRISED LARGELY OF INTERNAL MEDICINE PHYSICIANS ALONG WITH PHYSICIAN ASSISTANTS AND NURSE PRACTITIONERS AT MULTIPLE TOWER HEALTH HOSPITAL LOCATIONS. DURING FISCAL...
OUR ACUTE HOSPITALIST PROGRAM IS COMPRISED LARGELY OF INTERNAL MEDICINE PHYSICIANS ALONG WITH PHYSICIAN ASSISTANTS AND NURSE PRACTITIONERS AT MULTIPLE TOWER HEALTH HOSPITAL LOCATIONS. DURING FISCAL YEAR 2025, TOWER HEALTH MEDICAL GROUP'S ACUTE HOSPITALIST PROGRAM PROVIDED EFFICIENT, HIGH- QUALITY, EVIDENCED-BASED CARE THROUGH 266,363 VISITS TO OUR SYSTEM'S HOSPITALIZED PATIENTS. THIS PROGRAM ACCEPTS BOTH MEDICARE AND MEDICAID PATIENTS.
ANESTHESIOLOGISTS AND CERTIFIED REGISTERED NURSE ANESTHETISTS PROVIDED MEDICAL MANAGEMENT AND ANESTHETIC CARE THROUGH 50,584 INPATIENT AND OUTPATIENT SURGICAL, PROCEDURAL AND LABOR AND DELIVERY CASES...
ANESTHESIOLOGISTS AND CERTIFIED REGISTERED NURSE ANESTHETISTS PROVIDED MEDICAL MANAGEMENT AND ANESTHETIC CARE THROUGH 50,584 INPATIENT AND OUTPATIENT SURGICAL, PROCEDURAL AND LABOR AND DELIVERY CASES AT READING HOSPITAL AND THREE LOCAL AMBULATORY SURGERY CENTERS IN FISCAL YEAR 2025. THIS PROGRAM ACCEPTS BOTH MEDICARE AND MEDICAID PATIENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $223,182,300 | $217,574,823 | +0.0% |
| Expenses | $386,786,022 | $379,450,350 | +0.0% |
| Net Income | $-163,603,722 | $-161,875,527 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL STERN | PRES/CEO 2/2 | 2.00 |
Officer
Director
|
$0 | $292,366 | $1,565,707 |
| P SUE PERROTTY | PRES/CEO T 2 | 2.00 |
Officer
Director
|
$0 | $0 | $1,246,887 |
| SUZANNE WENDEROTH | FORMER EVP P | N/A |
|
$0 | $212,361 | $1,240,093 |
| BERNARD BOULANGER MD | EVP/CEO PROV | 25.00 |
Key Emp
|
$0 | $211,367 | $1,153,605 |
| MIKE EESLEY | TREASURER | 2.00 |
Officer
|
$0 | $180,695 | $1,138,877 |
| BRANDON ROOT MD | PHYSICIAN | 50.00 |
Highest
|
$1,006,559 | $44,399 | $1,050,958 |
| UDAY DASIKA MD | PHYSICIAN | 50.00 |
Highest
|
$980,570 | $43,188 | $1,023,758 |
| SHAHIN MANOOCHEHRI MD | PHYSICIAN | 50.00 |
Highest
|
$987,393 | $19,125 | $1,006,518 |
| HERMAN C LAWSON MD | PHYSICIAN | 50.00 |
Highest
|
$944,434 | $44,739 | $989,173 |
| EARL J HOPE MD | PHYSICIAN | 50.00 |
Highest
|
$953,397 | $35,424 | $988,821 |
| ROBERT EHINGER | FORMER TREAS | 0.00 |
|
$0 | $96,059 | $748,592 |
| KRISTIN KEARNEY | SVP CFO | 26.00 |
Officer
|
$534,556 | $81,668 | $616,224 |
| SUSAN HEFFNER | SVP COO 11/2 | 50.00 |
Key Emp
|
$316,995 | $20,323 | $337,318 |
| TRACY DRUCKENMILLER | SECRETARY T | 2.00 |
Officer
|
$0 | $27,983 | $144,954 |
| THERESA QUITINSKY | SECRETARY 6/ | 2.00 |
Officer
|
$0 | $15,957 | $95,621 |
| THEODORE AUMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JIM BOSCOV | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY KARGBO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRENT WAGNER MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT BRIGHAM MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PETE MOLINARO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MEG MUELLER | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM P THORNTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUG TIEMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $223,182,300 | $386,786,022 | $45,465,395 | $-163,603,722 |
| 2024 | No data | No data | No data | No data |
| 2023 | $225,322,702 | $405,404,761 | $53,078,225 | $-180,082,059 |
| 2022 | $233,011,515 | $425,597,979 | $76,584,160 | $-192,586,464 |
| 2021 | $250,280,722 | $473,263,446 | $88,789,275 | $-222,982,724 |
| 2020 | $206,214,211 | $454,908,487 | $76,675,941 | $-248,694,276 |
| 2019 | $210,101,947 | $378,163,902 | $48,230,901 | $-168,061,955 |
| 2018 | $185,640,961 | $313,987,269 | $27,182,573 | $-128,346,308 |
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