John Noseworthy, MD, president and CEO of Rochester, Minn.-based Mayo Clinic since 2009, said at an annual community breakfast Thursday that after navigating its way through the many challenges the Patient Protection and Affordable Care Act has spurred since its implementation, the academic medical institution is now ready to take a more offensive stance, according to the Post Bulletin.
Mayo Clinic hosts the breakfast every year to thank community leaders for supporting the clinic's various efforts.
Dr. Noseworthy told attendees Mayo is at the "end of the beginning" of the changes initiated by the PPACA, and that he is excited about the system's future.
"I just think the next 30 years are going to be absolutely stunning, with your help," he said.
While Dr. Noseworthy cited several challenges plaguing healthcare as an industry — including overspending, uneven quality and fragmented delivery — Mayo is proactively planning for its future.
In response to the National Institutes of Health cutting back on research funding over the last decade, Mayo Clinic has expanded its care networks to reach more patients across different regions. It has also increased its margin so it could put more dollars toward research. In a decade, Mayo Clinic more than doubled its margin to supplement the losses from the NIH, according to the report. The clinic is also building the first national medical school, which includes campuses in Arizona and Florida in addition to Rochester.
The next step for Mayo Clinic is to grow its complex care at all three campuses, Dr. Noseworthy said. Plans to do so are still being developed.