The Mayo Clinic and its subsidiary companies, including Mayo Clinic Health Services, are one of the biggest–if not the biggest–not-for-profit healthcare companies in the world. Their revenues exceed a billion dollars now, and the company takes in hundreds of millions more than they pay out for patient care or community service.
Just look at this third quarter 2019 earnings report: Mayo Clinic Q3 2019 financial statement
In fact, Mayo Clinic reported higher revenue and net income in the first nine months of 2019 than in the same period a year earlier, according to unaudited financial documents.
Mayo Clinic’s revenue totaled $10.2 billion in the first three quarters of 2019, up 8.1 percent year over year. Source
Mankato nurses talk about staffing issues at their Mayo-run facility.
Corporate Healthcare Ruining Minnesota’s Community Health. Big Health Systems in Minnesota are putting their profits and monopolistic growth ahead of their mission to provide quality healthcare. Mayo Clinics is leading this trend by taking over smaller community hospitals, and creating monopolies only to close down major health services in those facilities, and market share and profits over their mission to provide quality health care to their patients and the surrounding community.
Mayo is currently refusing to negotiate with its own nurses about improvements that nurses believe are necessary to improve patient care and safety. Mayo refuses to meet with its nurses and address nurses’ proposals on ways to address patient violence against nurses and improve patient outcomes with adequate staffing. Click the link to learn more about workplace violence.
Mayo has lost sight of their mission and is fighting their own health providers, registered nurses, that have traditionally held the corporation accountable to the public. The solution is for Mayo to respect their caregivers’ voice and allow of regulation that will ensure public accountability.
Tell Mankato’s elected officials that Mayo needs to be a good partner for the community, the region, and the state. Please send your message here, and we will pass it along.