2007 Mayo Clinic Financial Highlights

Friday, March 14, 2008

* Income from Current Activities (ICA), the best measure of Mayo's financial performance, was $198 million, a margin of 2.9 percent.

* Income from patient care increased by more than 5 percent — $ 294 million in 2007 compared to $279 million in 2006.

* Mayo Health System (MHS) — a family of clinics, hospitals and other health care facilities serving 64 communities in Minnesota, Iowa and Wisconsin — continued to grow. MHS operations comprise 27 percent of Mayo Clinic's patient care revenue.

* Patient volumes remained relatively steady across the system. (Mayo Clinic Rochester, Jacksonville and Arizona served 520,000 unique patients in 2007.)

* Total revenues grew by 9.6 percent, while expenses grew by 8.5 percent.

* Diversification activities — including health information publishing enterprises, clinical laboratory reference services and technology commercialization — contributed $39 million. These funds provide support for education and research.

* Gifts from benefactors exceeded $373 million.

* The financial markets made significant gains, with Mayo's portfolio returning about 15 percent and surpassing national benchmarks. Mayo Clinic funds and benefactor gifts for research and education totaled $346 million in 2007.

* Mayo contributed $253 million to its employee pension plans to keep them strong and secure for the future.

* The total estimated cost of quantifiable community benefits — including medical research and education, charity care costs, unpaid portions of indigent care programs, and in-kind donations for relief efforts — was $536 million.

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