Oregon Health & Science University’s chief financial officer is planning to depart in December for another job, leaving the institution to seek a replacement at a time when leaders warn of “structural” budget challenges .

After 15 years at OHSU, Lawrence Furnstahl is headed to the University of California San Diego, OHSU President Dr. Shereef Elnahal told staff in a note Wednesday. Elnahal said he would be naming an interim CFO while a national search is conducted.

With more than 20,000 employees, OHSU, Oregon’s flagship medical institution, reported a 2024 operating budget of nearly $5 billion. (For context, that’s more than half of the City of Portland’s annual budget.)

Elnahal, in his message, emphasized the growth that occurred at OHSU during Furnstahl’s tenure—including a 66% inc

See Full Page