2020 Mayo Clinic Performance Highlights – Mayo Clinic News Network

A world-wide leader in responding to the COVID-19 pandemic

  • Mayo Clinic created and adopted treatments, therapies and protocols that have enhanced results for sufferers and lowered mortality premiums. Mortality fees for patients with COVID-19 who gained care at Mayo Clinic are drastically decrease than the countrywide fees.
  • Mayo Clinic Laboratories created remarkably accurate diagnostic and antibody assessments, undertaking additional than 3.1 million COVID-19 checks for sufferers nationwide. Fourteen new COVID-19-related checks were released, and a lot more than 100 new assessments of all varieties have been furnished to sufferers and customers in 60 countries.
  • Mayo Clinic cofounded the countrywide COVID-19 Health Care Coalition, was the lead institution for the U.S. Expanded Obtain Method for convalescent plasma to handle critically unwell clients with COVID-19, and it administered a lot more monoclonal antibody therapies than any other health care firm, demonstrating a important lessen in hospitalization fees and mortality.

Pandemic reaction drives transformation in how health treatment is delivered

  • Mayo Clinic Platform and the Centre for Digital Health enabled exponential development of telemedicine and distant treatment, synthetic intelligence applied to individual treatment, and information analytics to increase health care outcomes.
  • Mayo Clinic teams supplied vital distant care as a result of 1.2 million phone and video visits and monitored extra than 9,200 COVID-19 sufferers by our distant checking advanced care software, which allowed for clients with even reasonable to serious signs or symptoms to be cared for safely at property.
  • Mayo’s Superior Care at Property Design of Treatment was launched in June 2020 with Medically House to offer high-acuity care at dwelling underneath the way of Mayo Clinic physicians for individuals who otherwise would be hospitalized. The Product of Care, launched in northwest Wisconsin and Jacksonville, Florida, gives in depth health care companies including expert nursing, remedies, laboratory and imaging services, behavioral health, and rehabilitation expert services from a network of paramedics, nurses, and assistance staff customers.

Mayo Clinic in Rochester named No. 1 hospital by U.S. Information & Earth Report

Monetary efficiency stays robust irrespective of pandemic-linked disruptions

  • The Consolidated Economic Report for 2020 reveals Mayo Clinic’s whole income was $13.9 billion, 1.5% better than in 2019.
  • Web functioning cash flow was $727 million and operating margin was 5.2%.
  • Internet health care assistance profits was down .9% from 2019, but earnings from diversified resources this kind of as Mayo Clinic Laboratories and Mayo Clinic Ventures and Small business Progress was $1.53 billion, an improve of 19%, and financial commitment profits supporting functions grew by 9.1%.
  • Mayo Clinic returned $156 million of federal CARES Act funding in December. Mayo retained $182 million of CARES Act funding gained for the duration of the early months of the pandemic. This funding, as nicely as condition emergency reduction funding, was essential to enable offset a portion of misplaced income knowledgeable early in the pandemic as nicely as spend for big investments in tests and investigation, protective and professional medical equipment, and other unanticipated costs.

Generous benefactors and donors boost their important support

  • Aid from generous patients and other individuals, foundations, businesses, and corporations is essential to Mayo Clinic’s capability to carry out its mission.
  • Philanthropic presents of outright guidance from benefactors totaled $587 million in 2020, an maximize of 6.9% above 2019.
  • Complete philanthropy secured in 2020 was $1 billion, like long term present commitments.

Commitment to patients and communities through a time of unprecedented require

  • Far more than 1.3 million sufferers, from every point out and practically 130 international locations, been given treatment at Mayo Clinic in 2020.
  • A lot more than 71,000 persons, like a lot more than 7,000 physicians and experts, are on workers at Mayo Clinic and progress its mission to boost the life and health of persons around the world.
  • Mayo Clinic, a nonprofit organization, is a significant taxpayer in the communities it serves, as effectively as at the state and national ranges. In 2020, it paid a total of $178 million in taxes, together with $93 million in MinnesotaCare taxes, $28 million in genuine residence and business enterprise personalized residence taxes, $40 million in company profits taxes, and $17 million in sales and use taxes.
  • In preserving with its humanitarian mission, Mayo Clinic delivered $629 million in uncompensated care in 2020, together with $89 million in charity treatment and $540 million in unpaid parts of Medicaid and courses for individuals in want.
  • In 2020, 46.9 % of Mayo Clinic’s gross follow earnings arrived from companies furnished to Medicare beneficiaries.  On ordinary, Medicare reimbursement coated 53.1% of the true price of managing individuals coated by the software.
  • Mayo redoubled its community outreach and direct assist endeavours, furnishing a lot more than $8 million in contributions to group businesses.
  • $100 million above 10 several years to conclusion racism and boost health equity at Mayo and nationwide. The marketing campaign is an overarching Mayo Clinic priority.

Essential investments in investigate and training

  • The pandemic has offered an unparalleled chance for the Higher education of Medication and Science and its five educational institutions for coaching in telemedicine and virtual care, public health pandemic reaction, clinical ethics, and health disparities in minority populations.

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