Home Archives March 2008 OHSU cuts deeply after cap decision

OHSU cuts deeply after cap decision

| Print |  Email
Saturday, March 01, 2008

{safe_alt_text}

PORTLAND Oregon Health & Science University is planning for an estimated $150 million in cuts over the next five years following an Oregon Supreme Court ruling that eliminated a $200,000 malpractice liability cap. The cap protected state agencies and OHSU from open-ended damage awards. It doesn’t appear to be coming back anytime soon.

OHSU was already reeling from $50 million in losses from research and education costs when the Supreme Court handed down its decision in December. In January, the university, Portland’s largest private employer, announced cutbacks. It will significantly reduce unfunded research in the medicine, dentistry and nursing schools and close clinics and education programs around the state. It also will raise tuition 10% to 25%, reduce benefits for new employees and cut as many as 300 jobs.

Anything that’s losing money, says OHSU spokesman Jim Newman, is being looked at. One  example: closing or outsourcing the March Wellness Center at South Waterfront, which lost $1 million last year. However, a new educational campus is still slated to be built there in the next few years.

Because of the brevity of this year’s special legislative session, lawmakers will not be looking at reinstating a cap. Even if they did, any new limit to liabilities will still have to be tested in court, says Newman.

“We see this as a new reality for us for next few years,” he says.   

ABRAHAM HYATT


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS