Becker's Healthcare November 19, 2024
Rochester, Minn.-based Mayo Clinic reported $55 million in operating income (1.1% margin) in the third quarter, down from $90 million in the same quarter in 2023.
Income from current activities, including philanthropy and investment returns, was $232 million (4.8% margin), compared to $302 million (7.1% margin) in the prior-year period, according to financial documents published Nov. 18.
“Mayo Clinic’s strong third-quarter and year-to-date financial performance underscores the unwavering commitment of our dedicated staff,” CFO Dennis Dahlen said in a statement shared with Becker’s. “Growing demand for our Category-of-One care, generous philanthropy, favorable investment returns and strategic planning remain key drivers of our results.”
Total revenue increased 9% year over year to $4.86 billion while expenses grew by...
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