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Mayo Clinic, Rochester, USA

June 9th, 2007 / / Links: Google Earth, Google Maps, Yahoo! Maps, Virtual Earth / Nearest places
 
 

Mayo Clinic is an internationally renowned medical practice based in Rochester, Minnesota, USA. The first and largest facilities of Mayo Clinic are also located in Rochester, but it also runs additional hospitals and physician practices in Jacksonville, Florida, and Scottsdale, Arizona. In addition, Mayo Clinic operates a number of smaller clinics and hospitals in Minnesota, Iowa, and Wisconsin, known as the "Mayo Health System". Mayo Clinic is consistently ranked second, behind Johns Hopkins, among the best hospitals in the U.S. by U.S. News & World Report; in 2006.

The term "clinic" in the Mayo Clinic's name normally implies a single small outpatient facility. The Mayo Clinic did begin as such, but it is now a comprehensive health care system in its home region of southern Minnesota (the Mayo Health System) and provides a full range of inpatient and outpatient care through its hospitals and clinics. It is also a medical research organization of nationwide scope and global reputation.

The primary value at the Mayo Clinic is, "The needs of the patient comes first." The mission is, "Mayo will provide the best care to every patient every day through integrated clinical practice, education, and research."

In terms of revenue, Mayo Clinic is the state's second-largest non-profit organization, after health insurer Blue Cross and Blue Shield of Minnesota. In 2004, the organization took in US$5.6 billion. The education and research activities of the Clinic are funded in part by the net revenues of the clinical practice.

Statistics for 2004: 513,377 unique patients, 2,271,484 total outpatient visits, 130,093 hospital admissions, and 599,002 hospital days of patient care.

Mayo Clinic is significant in the way the medical physicians are paid. In most health care systems, medical doctors are paid based on the number of patients that they see. The more patients seen, the more a doctor gets paid. At Mayo Clinic, medical doctors are paid a salary that is unaffected by patient volume. Salaries are determined instead by the marketplace salaries for physicians in comparable large group practices. This allows the doctors to spend time with their patients and not worry so much about time constraints. Physicians and surgeons have no financial incentive to do more procedures and operations.

[Source: Wikipedia]

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