Despite the pandemic, the Rochester-based Mayo Clinic finished 2020 with 727-million dollars in profits. The health care company’s financial report showed nearly 14-billion dollars in total revenue, which is one-point-five-percent higher than in 2019. The Mayo Clinic made furloughs and pay cuts in the early months of the pandemic, but cited investments, philanthropic gifts and alternative revenue sources for their surprising growth. At one point, the clinic projected a loss of three-billion dollars when elective surgeries were shut down.
Mayo Clinic Made $727M In Profits For 2020
By Ashley Hanley|2021-03-05T05:42:13-06:00March 5th, 2021|
About the Author: Ashley Hanley
Ashley (Goettl) Hanley is a North Mankato native and Mankato West graduate who made the switch from TV journalism to radio. After five years at KEYC News 12, Ashley is thrilled to be working for KTOE News. Ashley and her husband John, and son John, enjoy spending time in the community. You can also find Ashley coaching and playing softball and supporting her brother on the MSU football team and her sister with Scarlet athletics. Even though she went to the University of Wisconsin-River Falls, Ashley kept her Minnesota roots and is a big Twins and Vikings fan!