Since most federal research money comes from discretionary spending, sequestration is hitting OHSU and other research institutions hard, Furnstahl says. OHSU relies on the federal government for about 40 percent of its two billion dollar budget. Furnstahl told the Portland Business Journal that the uncertainty of federal funds and the rising cost of public employee retirement benefits are prompting OHSU to do some serious belt-tightening.
What questions do you have about the financial health of Oregon Health & Science University?
- Lawrence Furnstahl: Chief financial officer for OHSU