ROCHESTER, Minn. – The health-care giant Mayo Clinic remains caught between rising salary and supply costs and revenue that hasn’t kept pace. Mayo’s bottom line from expenses last year grew $1.3 billion to $15.7 billion. Income grew only $640 million. In its annual report, Mayo noted that income, although an indicator of economic performance, remained at a healthy 3.7% margin, albeit off 53% from 2021.
Mayo databank
Also in the annual report:
> Mayo hired 17,000 new employees for 76,000 total, including about 5,500 physicians and scientists. Of these 42,000 were at the mother operation in Rochester.
> Mayo Clinic invested $1.2 billion in capital projects in Rochester, Arizona, Florida and outreach communities, up 27% from 2021.
> Mayo treated 1.4 million patients, performed 141,000 surgeries and 1,800 transplants, and recorded 5 million outpatient visits.
> Mayo invested $1 billion in research, including 1,500 clinical trials.