It is the second straight year OHSU has adopted a budget where revenues match expenses as the Portland-based system continues to fight ongoing financial challenges.
The $4.9 billion budget approval comes at a time when construction continues on a $650 million expansion of inpatient facilities with a 14-story patient tower. The board is also expected to soon approve an estimated $330 million expansion to its children’s hospital.
The two-hospital system’s outlook was revised to negative June 22 by S&P Global.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
