By Mary C. Turner, RN
Mayo Clinic released its 2019 annual financial report at the end of February, and it surely made more than one person’s mouth fall open. A lot of those people, by the way, probably also work on the top floor, management offices of hospitals—not just Mayo.
First, here’s the numbers. Mayo reported the company earned more than $13.8 billion in 2019. That’s money for everything from patient care to Mayo-branded backpacks ($39.95 in the Mayo marketplace store). Out of that, Mayo spent $12.8 billion. This means Mayo’s “operating revenue” is 1 billion dollars!
… Read more about: Mayo’s Numbers Show NonProfit Financials are Really, Really Big »