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Cherry-picking patients? Mayo Clinic aims to'prioritize' privately insured
Modern Healthcare
|November 9, 2018
Summary
The Mayo Clinic health system, operating across five states, generated over $11 billion in revenue in 2016. This significant financial performance highlights the organization's substantial economic impact.
Area of Science:
- Healthcare Administration
- Health Economics
Background:
- The Mayo Clinic is a prominent integrated healthcare system.
- Its operational footprint extends across multiple states in the U.S.
Purpose of the Study:
- To report the financial performance of the Mayo Clinic health system.
- To provide key financial metrics for the 2016 fiscal year.
Main Methods:
- Analysis of publicly reported financial data.
- Review of revenue and income statements for the specified period.
Main Results:
- The Mayo Clinic health system reported total revenues of $11 billion in 2016.
- The system achieved an income of $475 million in the same year.
Conclusions:
- The Mayo Clinic health system demonstrated strong financial health in 2016.
- These figures underscore the system's significant economic scale and operational capacity.