$4.6B in expenses

Patient care (see schedule o for description)patient care:mayo clinic is an integrated, not-for-profit medical group practice. Its standard of care brings together teams of experts to provide high-quality, affordable and compassionate care to each patient consistent with mayo clinic's primary value - the needs of the patient come first. Mayo clinic's mission is to inspire hope and contribute to health and well-being by providing the best care to every patient through integrated clinical practice, education and research. Mayo clinic's heritage of collaborative medical expertise is combined with careful attention to individual patient needs, resulting in a thorough and personal approach to health care.patient care advanced through education and research is the foundation of mayo clinic's mission. To accomplish its mission, mayo clinic not only provides a variety of programs in direct patient care, medical education and research, but also serves as the parent organization of a multi-entity organization. These organizations consist of hospitals, clinics, health care providers and other entities providing health care-related services and knowledge delivery to the public throughout the world. In rochester, mayo clinic works collaboratively with mayo clinic hospital - rochester, an affiliated entity comprised of saint marys campus and methodist campus to form an integrated medical center dedicated to providing comprehensive diagnoses and treatment in virtually every medical and surgical specialty.mayo clinic is also the sole member of mayo clinic arizona and mayo clinic jacksonville which provide services to patients in the southwest and southeast regions of the united states. In the midwest, mayo clinic health system serves communities in minnesota, wisconsin, and iowa through a network of community-based physicians to provide quality health care close to home. This network is also supported by the highly specialized expertise and resources of mayo clinic.utilizing common governance, shared systems and standardized policies and procedures whenever possible, mayo clinic strives to provide consistent, high quality health care services and knowledge delivery within every aspect of care. A 31-member board of trustees comprised of a majority of public members along with mayo physicians and administrators ensure the entire organization remains true to its mission and culture of providing for the health care needs of the public rather than for private benefit. Mayo clinic has reinforced its leadership in patient care, research and education to drive forward the transformation of health care over the next decade. With digital innovations and new technologies, mayo clinic is moving quickly to extend its compassionate care, expertise and research, and is reinvesting in people and facilities in the communities it serves. Mayo clinic has accelerated its investment in the digital transformation of health care, as part of its 2030 strategy to transform patient and clinician experiences and solve humanity's most complex medical challenges. Mayo clinic remains top-ranked in quality more than any other health care organization by independent groups, such as the nursing magnet recognition program, press ganey patient experience awards, the centers for medicare & medicaid services overall hospital quality star ratings, leapfrog hospital safety survey and the american college of surgeons national surgical quality improvement program. For the 2024-2025 period, mayo clinic had its hospital (mayo clinic hospital-rochester) named to the best hospitals honor roll by u.s. News & world report, along with being ranked in the top 50 hospitals in 13 medical specialties and earned the highest high-performing rating for all 20 of the evaluated procedures and conditions.mayo clinic offers both specialty and primary care in its community practices and maintains a population health office. It is the charge of mayo's population health committee to transform the way community care is delivered and improve patient outcomes while reducing the overall total cost of care. Population health at mayo coordinates existing practice models with transformational initiatives to better engage patients, keep them healthy, support patient wellness goals and help patients to better manage chronic illnesses. The practice change initiatives developed, tested and implemented through the mayo model of community care (mmocc) are aimed at improving the quality of life for patients, reducing overall health care costs and building a sustainable practice model that truly supports the needs of community patients.through mayo clinic's center for clinical and translational science, mayo clinic collaborates with community members to help community medical providers incorporate practice-based and research-based knowledge to improve overall community health outcomes and eliminate health disparities. Each year, people from all 50 states and approximately 135 countries come to mayo clinic for care. During 2024, approximately 469,000 patient visits were recorded by mayo clinic and its affiliated hospital in rochester, MN. Total patient visits for mayo clinic and its affiliates during 2024 were over 1.3 million. Mayo clinic provides care to people covered by governmental programs such as medicare and medicaid, at substantial discounts from standard fees. Charity care is also provided for patients that are financially unable to pay for services provided. In 2024, the cost of uncompensated care provided through medicaid and minnesota care (a program that provides medical assistance for low income populations) was approximately $251,530,859. This amount includes approximately $48,246,368 paid to minnesotacare. The cost of uncompensated care provided through medicare was approximately $1,188,397,058 and the cost of charity care provided in 2024 was approximately $32,319,095.in 2024, with system-wide revenues of $19.8 billion, mayo clinic and its affiliates provided $752.2 million in care to people in need. This total includes $129.8 million in charity care and $622.4 million in unpaid portions of medicaid and other indigent care programs for people who are uninsured or underinsured. Mayo also provided $3.3 billion in unpaid portions of medicare and other senior programs. Approximately 56.7 percent of mayo's total medical services provided are for medicare, medicaid and other government patients. Mayo clinic and its affiliates contributed approximately $14.4 million in cash and in-kind donations to local communities. The mayo clinic care network consists of independent health-care organizations that share a common goal of improving delivery of health care in their communities through high-quality, data driven and evidence based medical care. Members of the network have access to mayo clinic knowledge, collaboration tools, disease management protocols, clinical care guidelines, treatment recommendations, patient education materials and continuing medical education opportunities. The main goal of the network is to help people gain the benefits of mayo clinic expertise without having to travel to a mayo clinic facility. For 2024, the mayo clinic care network consisted of approximately 45 members located in the united states, china, egypt, bahrain, turkey, switzerland, mexico, malaysia, saudi arabia, and the united arab emirates. Through the mayo clinic care network, millions of patients and their care teams have access to mayo clinic knowledge, clinical protocols and consultations via mayo's connected care platform.health information is viewed as an important part of mayo clinic's patient care mission. Mayo clinic, in conjunction with its affiliates, provide a variety of health information resources (books, newsletter, on-line content, etc.) to patients, consumers and the general public.mayo clinic's social media network is a network of health care organizations, hospitals and medical professionals committed to broader and deeper engagement in social media to help improve health care literacy, health care delivery and population health worldwide.community giving and involvement is a value-driven priority at mayo clinic. Quality patient care is best advanced within a vibrant local community, with strong societal foundations, such as education, health, inclusivity, a diverse economy, supportive social services, and amenities that make rochester a desirable place to live and support social determinants of health. Mayo clinic's community contributions program provides financial and in-kind support to non-profit organizations in support of these efforts.

$947.6M in expenses

Medical research (see schedule o for description)medical research:mayo clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through mayo clinic's research programs. Clinical practice observations become the basis for research studies and the findings from research flow back into the practice to improve patient care and outcomes. Physician/researchers and career scientists' work in tandem to advance medicine and to improve the health and well-being of not just mayo clinic patients, but also the public at large, as these findings are disseminated worldwide.research at mayo clinic involves medical professionals committed to searching for answers to complex medical problems with the goal of bringing new solutions and advanced care rapidly to patients throughout the world. Research activities include basic science research, clinical trials, translational research and human research studies. During 2024, mayo clinic, in conjunction with its affiliates, had over 5,000 research personnel, 27 core laboratories, more than 9,300 active institutional review board-approved human research studies, 1,200 new human research studies approved by the institutional review board and over 11,200 research and review articles published in peer-reviewed journals. Many of these personnel, laboratories, studies and articles are located or performed by mayo clinic in rochester, minnesota.funding of research activities at mayo clinic comes from grants and contracts as well as from mayo funds and gifts from generous benefactors.

$361.0M in expenses

Medical education (see schedule o for description)medical education:medical education, research training, continuous medical life-long learning and a committed quest for new knowledge are integral functions of mayo clinic. Our world-renowned educational programs inform, instruct, and empower physicians, researchers, medical professionals, patients, students and our communities to improve public health and well-being. These programs span the continuum of health care and ensure the mayo model of care is perpetuated and shared broadly. Mayo clinic is committed to providing useful, timely knowledge and skills that reflect its standards of excellence and its dedication to finding answers for unmet patient needs: educating the next generation of physicians, medical researchers and health professionals with transformative curricula that focuses not only on helping the patient, but also improving the health care system;sharing knowledge and innovative best practices freely in the spirit of collaboration to advance the science of medicine and the art of compassionate, patient-centered care;empowering people to manage their health through patient education and shared decision-making medical training;spreading mayo's medical expertise, education and research findings throughout the world to improve health care for all.working collaboratively at a national level to modernize and transform medical education to address areas such as improving health care delivery, physician burn-out, population health issues, and team-based care. The educational activities of mayo clinic are centered in mayo clinic college of medicine and science's five schools: 1. Mayo clinic school of graduate medical education is one of the nation's oldest and largest schools of graduate medical education with annual enrollment of approximately 1,800 resident and fellow physicians in training. The school trains doctors in over 300 residency and fellowship programs, representing virtually every medical specialty. In addition, many graduates complete mayo clinic quality academy training - a concerted effort to educate and prepare trainees to continuously explore ways to improve patient safety, quality care and eliminate health disparities. 2. Mayo clinic alix school of medicine provides a four-year medical education program leading to doctor of medicine degrees and joint MD/PH.d. Degrees. The acceptance rate for incoming students is approximately 4%. For 2024, the school received 5,591 applications and of those, 223 students were offered acceptance to one of the programs. Full-time enrollment is approximately 440 students on the rochester, minnesota; scottsdale, arizona; and jacksonville, florida campuses.the innovative and transformative curricula of mayo clinic alix school of medicine focuses on educating future physician leaders in patient-centered, science-driven, team-based, high value health care. Students across all campuses are some of the first nationwide to train and receive a science of health care delivery certificate in addition to a medical degree. The integrated curricula is part of an initiative to better prepare students for the challenges of delivering patient care in a complex health care environment. Additional offerings at the school include visiting medical student clerkship programs and summer minority medical student programs. The school cultivates students to continually pursue new knowledge through discovery, translation and clinical application to meet the needs of their patients.the mayo clinic alix school of medicine has been rated as a tier 1 top national medical school in the category of research for the 2024-2025 period by u.s. News & world report. 3. Mayo clinic graduate school of biomedical sciences has a distinguished history of preparing students for careers as competitive biomedical research investigators. The school offers master's and doctoral degree programs focusing several biomedical specialties, as well as one of the first interdisciplinary programs in regenerative medical research. The school is a pioneer in expanding research training opportunities for students from backgrounds underrepresented in research, including visiting pre-doctoral and summer undergraduate research programs where students have the opportunity to collaborate with world-renowned researchers at mayo clinic campuses in arizona, florida and minnesota. The mayo clinic graduate school of biomedical sciences has an annual enrollment of approximately 250 students.4. Mayo clinic school of health sciences prepares the allied health care workforce of the future in programs ranging from a 10-month phlebotomy certificate program to a doctorate in physical therapy or nurse anesthesia. The mayo clinic school of health sciences has an annual enrollment of approximately 1,600 students. With campuses in minnesota, florida and arizona, the school prepares students in over 150 programs representing 50 health science areas. The school also provides clinical internships for hundreds of affiliated schools. Approximately 480 faculty members ensure every student receives extensive personalized training. 5. Mayo clinic school of continuous professional development provides a comprehensive selection of over 200 clinical, surgical, allied health and research courses, as well as programs on health care issues, practice management and leadership to health care professionals throughout the world. Participants include mayo and non-mayo attendees. Mayo clinic college of medicine and science also has initiated mayo clinic education platforms to develop and deliver online educational opportunities for broad distribution of continuing medical education, faculty development, student education and future patient education. Video seminars and online learning modules provide consistent knowledge delivery across multi-specialties and allow for more interactive faculty/student participation in the classroom setting. Online learning also facilitates the ability for mayo clinic to share and expand the latest medical knowledge and innovative learning opportunities with others outside mayo clinic.another initiative implemented through mayo clinic college of medicine and science is the office of applied scholarship and education science (oases). This innovative office provides expertise and support in faculty development, education evaluation and principles and practices of education science to ensure the highest quality of education delivery within each of the schools within the college. The college has also implemented an academy of educational excellence to develop and recognize educators to better prepare learners to advance science, meet patients' needs and serve as transformative leaders in health care.as part of its medical education mission, mayo clinic sponsors mayo clinic proceedings, a monthly journal for physicians and other medical personnel. The journal is published to promote the best interests of patients by advancing the knowledge and professionalism of the physician community. Mayo clinic proceedings is a peer-reviewed clinical journal in general and internal medicine and among the most widely read and highly cited scientific publications for physicians. Mayo clinic proceedings has been continuously published since 1926 and has an impact factor of 7.2, ranking it #23 out of 329 journals in the medicine, general and internal category. Mayo clinic proceedings' content focuses on clinical and laboratory medicine, health care policy and economics, medical education and ethics, and related topics. All of these educational efforts to discover, deliver, expand and share medical knowledge promote mayo's clinic's ability to perpetuate the highest quality and safety in patient care.