OHSU patient volumes continues to grow year over year with strong demand, but revenue is being outpaced by increased wages and benefits costs, the health system said in a Jan. 25 news release.
The system, which plans to combine and create a 10-hospital system with Portland-based Legacy Health, recorded a $26 million operating loss over the first half of the year on a $4.9 billion annual budget.
However, CFO Lawrence Furnstahl noted during a Jan. 25 regular public meeting that the operating loss is more than offset by a $68 million payment in federal reimbursement from previous years, related to expenses in contract labor, personal protective equipment and other costs stemming from the COVID-19 pandemic.
Mr. Furnstahl said he is optimistic that OHSU will overcome economic challenges affecting the healthcare system. Despite patient capacity challenges, the health system said it continues to see more high-acuity patients and is working to improve patient flow while also accelerating growth of complex services in cancer, neurosurgery and cardiovascular care.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
