Ohsu Finance Department

The Oregon Health & Science University (OHSU) Finance Department plays a crucial role in the institution's ability to deliver on its multifaceted mission of providing outstanding healthcare, groundbreaking research, and exceptional education. Operating within a complex environment of patient care revenue, research grants, philanthropic gifts, and state appropriations, the department ensures financial stability, compliance, and strategic resource allocation across OHSU's diverse operations.

At its core, the OHSU Finance Department is responsible for managing the university's financial resources effectively and transparently. This encompasses a wide range of activities, including:

* Financial Reporting and Accounting: Maintaining accurate and reliable financial records, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and ensuring compliance with all applicable regulations and reporting requirements. This includes the crucial task of managing OHSU's annual audit. * Budgeting and Planning: Developing and managing the university's annual budget, providing financial analysis and forecasting to support strategic decision-making, and collaborating with various departments to align financial resources with institutional priorities. The budget process involves careful consideration of projected revenue streams, operating expenses, and capital investments. * Treasury Management: Overseeing cash management, investments, and debt financing, ensuring the university has sufficient liquidity to meet its obligations and maximize returns on its investments while adhering to risk management policies. * Grants and Contracts Accounting: Managing the financial aspects of research grants and contracts, ensuring compliance with sponsor regulations and accurately tracking expenditures. This requires specialized expertise in federal and state funding requirements. * Patient Revenue Cycle Management: Overseeing the billing, coding, and collection of patient revenue, working to optimize revenue capture and minimize bad debt while ensuring patients understand their financial obligations. * Procurement and Supply Chain Management: Managing the procurement of goods and services, negotiating contracts, and ensuring cost-effectiveness while adhering to ethical purchasing practices.

The department is organized into several teams, each with specialized expertise in specific areas of finance. Strong internal controls and adherence to ethical standards are paramount to the department's operations. OHSU Finance strives to provide timely and accurate financial information to stakeholders, empowering them to make informed decisions. The department also plays a critical role in ensuring compliance with various regulatory bodies and funding agencies.

Beyond the core operational functions, OHSU Finance is increasingly focused on strategic financial planning to support the university's long-term growth and sustainability. This includes exploring new revenue opportunities, optimizing resource allocation, and leveraging technology to improve efficiency and effectiveness. The department continually seeks ways to improve its services and processes, embracing innovation to support OHSU's mission of improving the health and well-being of Oregonians and beyond.

The success of OHSU's Finance Department depends on the expertise, dedication, and collaborative spirit of its staff. They work tirelessly to ensure the financial health of the institution, enabling OHSU to continue providing exceptional patient care, conducting cutting-edge research, and educating the next generation of healthcare professionals.