March 1st, 2012

The Mayo Model

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…What I wrote in 2009 was not completely accurate. Mayo did not practice in “one place” but in three major locations – Rochester, Minnesota, Jacksonville, Florida, and Scottscale, Arizona – and in 135 counties in 70 communities serving 1 million patients in Minnesota, Iowa, and Wisconsin. And I could not corroborate my statement that Mayo does this at 20% less than the “outside world.” Nevertheless. let there be no doubt. In 2009 and today, Mayo is an efficient financial operation. So efficient, it plans to invest $700 million in new facilities – including a protein beam center for treating cancer, its ER at St. Mary’s Hospital in Rochester, its Wellness Center in Rochester, and its clinics in Austin, Minnesota and Barron, Wisconsin.

Medinnovation blog, by Dr. Richard Reece (Conn.), 02/29/2012

Tags: $700 million, Austin Minnesota, Barron Wisconsin, financial operation, Finanical, Mayo Clinic Arizona, Mayo Clinic Health System, Mayo Clinic Jacksonville, Mayo Clinic Rochester, St. Marys Hospital, Wellness Center

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