OHSU operating income $9M over budget

OHSU operating income $9M over budget

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.

{biztweet}OHSU operating income{/biztweet}

 

Comments   

 
Abe
0 #1 Abe 2012-04-05 12:04:34
Are refunds in order?
Quote | Report to administrator