OHSU reports profitable year

OHSU reports profitable year

Oregon Health and Science University reported a financially successful year.

OHSU reported $80 million in operating income, well over the $57 million expected in fiscal year 2011-12. It enjoyed a 4 percent operating margin, or profit -- its best in years.

That performance was buoyed by a one-time $9 million settlement that OHSU and some other academic health centers reached with the Internal Revenue Service having to do with FICA withholding for graduate medical students. Also, the impact of Medicaid cuts was $12 million less than expected.

Read more at OregonLive.com.

{biztweet}ohsu{/biztweet}