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OHSU Hires New Chief Financial Officer

Oregon Health & Science University (OHSU) today announced the hiring of Lawrence J. Furnstahl as OHSU’s new chief financial officer.

Furnstahl currently is chief financial and strategy officer for the University of Chicago Medical Center and Biological Sciences Division, and also serves as vice president for financial planning for science at the University of Chicago. Apart from two years at UCSF Stanford Healthcare (1997-1999), he has been at the University of Chicago since 1983.

In his most recent roles, Furnstahl has been responsible for articulating strategy for the University of Chicago Medical Center, ensuring that the university’s research and education missions are supported through optimal hospital performance, and developing financing plans for world-class science and medicine programs at the University of Chicago. He also manages the budgets for University of Chicago biology and medicine — a $1.6 billion enterprise.

“Lawrence brings a first-rate intellect and a keen interest in the evolution of academic health centers to OHSU,” said Joe Robertson, M.D., M.B.A., OHSU president. “His broad experience in planning financial strategy across research, educational and clinical enterprises will be a tremendous asset to us as we continue our work to refine OHSU’s business model.”

“I really look forward to living in the Pacific Northwest,” said Furnstahl, “and I’m excited that OHSU is embracing the changes necessary for an academic health center to succeed. I think they’re ahead of the curve and I’m eager to be a part of that.”

Furnstahl will start work at OHSU on Jan. 31, 2011. He replaces Pitt Calkin, who has served as Interim CFO since January 11, 2010.

About OHSU
Oregon Health & Science University is the state's only health and research university, and Oregon's only academic health center. OHSU is Portland's largest employer and the fourth largest in Oregon (excluding government). OHSU's size contributes to its ability to provide many services and community support activities not found anywhere else in the state. It serves patients from every corner of the state, and is a conduit for learning for more than 3,400 students and trainees. OHSU is the source of more than 200 community outreach programs that bring health and education services to every county in the state.

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