Thursday, April 05, 2012
Oregon Health & Science University reported $36 million in operating income, $9 million more than anticipated.
At the same time, revenue decreased by $4 million, which was offset by a $13 million reduction in expenses, Lawrence Furnstahl, chief financial officer, told the board. Those figures include a $14 million cut in Medicaid reimbursement and the end of stimulus funding – both of which were offset by increases in grant awards and patient activity, which grew by 8 percent since last July.
“If we're a little behind or off in our timing in one place, we're bringing it up in another place,” Furnstahl said.
Read more at The Lund Report.
BELOW: Current talk on Twitter on this topic