After losing over $130 million last fiscal year, Oregon Health & Science University (OHSU) posted a $65 million operating gain for the past nine months, driven mainly by a surge in complex cases that require specialized care.
OSHU Posts Profit After Complex Cases Increase Bottom Line Gains
At an OHSU public meeting of the Finance & Audit Committee on Friday, the university’s finances looked significantly healthier, turning a profit after years of losses. The $65 million operating gain put OHSU roughly $103 million ahead of budget.
The turnaround comes from complex cases- patients who need highly specialized care, which most Oregon hospitals don’t have the expertise and technology for, and deliver higher reimbursement.
As labor costs surged during and after the pandemic- driven by higher wages and staffing shortages- inflation was driving up supply prices…