CEO says Mayo Clinic in 'very, very strong financial position'

Posted on March 1st, 2013 by Logan Lafferty

Mayo Clinic estimates that the reimbursements it receives for patient care will be cut 20 percent to 40 percent in the next five years because of a rapidly changing health-care system. But even with Standard & Poor's recent downgrade of its outlook on Mayo's debt, clinic CEO Dr. John Noseworthy said the nonprofit health-care provider is "in a very, very strong financial position."

 

Post Bulletin by Jeff Hansel

Tags: debt, Dr. John Noseworthy, Finanical, Industry News & Competitive Intelligence, patient care, Post Bulletin, reimbursements, Standard & Poor

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