Rochester, Minn.-based Mayo Clinic has posted 2010 financial results, according to a health system news release.
In 2010, Mayo's net operating income was $515 million, representing a 6.5 percent operating margin. Mayo Clinic achieved its 2010 operating margin primarily by holding expenses to a 2.5 percent increase while growing revenue by 4.7 percent over the same period.
Mayo also reported total revenues grew by 4.7 percent, while expenses grew by 2.5 percent. Further, income from practice was $538 million compared to $474 million in 2009, representing an increase of $64 million. Meanwhile, patient volumes remained relatively steady across the health system.
Read the news release about Mayo Clinic's 2010 financial results.
Read other coverage about hospital financial reports:
- Texas' Methodist Posts 2011 Q1 Results, Total Operating Revenue Up $22.2M From Last Year
- Florida's Adventist, Orlando Health and Health Central Report Combined $388.5M Profit
In 2010, Mayo's net operating income was $515 million, representing a 6.5 percent operating margin. Mayo Clinic achieved its 2010 operating margin primarily by holding expenses to a 2.5 percent increase while growing revenue by 4.7 percent over the same period.
Mayo also reported total revenues grew by 4.7 percent, while expenses grew by 2.5 percent. Further, income from practice was $538 million compared to $474 million in 2009, representing an increase of $64 million. Meanwhile, patient volumes remained relatively steady across the health system.
Read the news release about Mayo Clinic's 2010 financial results.
Read other coverage about hospital financial reports:
- Texas' Methodist Posts 2011 Q1 Results, Total Operating Revenue Up $22.2M From Last Year
- Florida's Adventist, Orlando Health and Health Central Report Combined $388.5M Profit