Mayo Clinic reports strong financial performance for 2013 - KTTC Rochester, Austin, Mason City News, Weather and Sports

Noseworthy: Mayo Clinic had "strong" 2013, thousands now "working differently"

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ROCHESTER, Minn. (KTTC) -- Mayo Clinic is reporting a "strong" financial performance in 2013, a year in which "Destination Medical Center" was launched in Rochester and the nation braced for big changes in health care as the Affordable Care Act began taking effect.

On Wednesday, Mayo officials said patient appointments at Rochester were up 15 percent.

Although expenses were up 4.3 percent, revenue was up six percent to $9.4 billion.

As health care reforms went into effect, Mayo Clinic said it has been focusing on re-inventing itself.

CEO Dr. John Noseworthy says 60-thousand employees changed jobs in 2013 and are now "working differently" and this helped slow the need to hire new full-time people.

One of Mayo's key initiatives is to create a uniform electronic medical record across all of its platforms.  The major IT goal will keep improving efficiency within the Clinic.

Dr. Noseworthy said in the past year, Mayo's budget for education and research programs was $912 million, and the Clinic paid nearly $489 million of that total.  Some $368 million came from outside sources.

"Mayo's research goes well beyond our walls," said Dr. Noseworthy in a statement to reporters.  "By diffusing and commercializing Mayo's research and innovation, we are changing the practice of medicine globally." 

 

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