Mayo Clinic

Filing Period

Jan 1, 2012 to Dec 31, 2012

Signed

Nov 13, 2013

Return Version

2012v2.1

Gross Receipts

$5,323,867,843

Mission

Major Activities

Activity 2

Patient care (see schedule o for description)patient care:mayo clinic is the first and largest integrated, not-for-profit medical group practice in the world. Our unique style of care brings together teams of experts to provide high-quality, affordable and compassionate care to each patient consistent with our primary value - "the needs of the patient come first". Mayo clinic's mission is "to inspire hope and contribute to health and well being by providing the best care to every patient through integrated clinical practice, education and research". We combine our heritage of collaborative medical expertise with careful attention to individual patient needs, resulting in a thorough and personal approach to health care.to accomplish its mission, mayo clinic not only provides a variety of programs in direct patient care, medical education and research, but we also serve as the parent organization of a multi-entity organization consisting of hospitals, clinics, health care providers and other entities providing health care related services and knowledge delivery to the public throughout the world. Mayo clinic works collaboratively with its affiliated hospitals in rochester, mn (mayo clinic - saint marys hospital and mayo clinic - methodist hospital) to form an integrated medical center dedicated to providing comprehensive diagnosis and treatment in virtually every medical and surgical specialty. Mayo clinic is also the sole member of mayo clinic in arizona and mayo clinic in jacksonville which provide services to patients in the southwest and southeast regions of the us. In the midwest, mayo clinic health system serves over 70 communities in minnesota, wisconsin, and iowa through a network of community-based physicians to provide quality health care close to home but supported by the highly specialized expertise and resources of mayo clinic.utilizing common governance, shared systems and standardized policies and procedures whenever possible, mayo clinic strives to provide consistent, high quality health care services and knowledge delivery regardless of where and how these are provided. A 31-member board of trustees composed of a majority of public members along with mayo physicians and administrators ensure the entire organization remains true to its mission and culture of providing for the health care needs of the public rather than for private benefit.patient care is the foundation of mayo clinic's mission. In determining that mayo clinic qualifies as a tax exempt entity, the irs stated that these patient care activities are an intrinsic part of, and are intricately intertwined with, mayo clinic's educational and scientific research purposes and are of the scope necessary to achieve these purposes. Every year, people from all 50 states and more than 135 countries come to mayo clinic for care. In rochester, over 37,000 patient care physicians, residents and allied health staff provided services for more than 1.5 million outpatient visits in 2012. Hospital admissions in rochester totaled 56,594 with 298,090 hospital days of care provided. Program service expenditures for patient care activities were approximately $2,166,000,000 in 2012.mayo provides care to persons covered by governmental programs. Services are provided to both medicare and medicaid patients at substantial discounts from standard fees. Charity care is also provided for patients that are financially unable to pay for services provided. The cost of uncompensated care provided through medicaid and minnesotacare (a program that provides medical assistance for low income populations) was approximately $91,245,600. This amount includes approximately $33,960,000 paid to minnesota care(a program that provides health care for low income populations). The cost of uncompensated care provided through medicare was approximately $401,196,400. The cost of charity care provided in 2012 was approximately $16,844,300.in 2012, out of system-wide revenues of $8.8 billion, mayo cli

Activity 3

Research (see schedule o for description)research: mayo clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through mayo clinic's research programs. Clinical practice observations become the basis for research studies and the findings from research flow back into the practice to improve patient care and outcomes. Physicians, physician/researchers and career scientists work in tandem to change the future of medicine and to improve the health and well being of not just mayo clinic patients but also the public at large as these findings are disseminated worldwide.most of the patient care physicians at mayo clinic in rochester participate in some research activities. In addition, 829 physician/scientists, 594 research associates and fellows and 2,471 allied health personnel in rochester were engaged primarily in research activities in 2012. These activities include basic science research, clinical trials, translational research and human research studies. During 2012, over 5,300 research and review articles based on mayo clinic research were published in peer-reviewed journals and over 8,000 human clinical studies were conducted by mayo researchers and clinicians. Through our center for translational science activities, mayo clinic collaborates with diverse community members to help community medical providers incorporate practice-based and research-based knowledge to improve overall community health outcomes and eliminate health disparities. One critical component of mayo clinic's research efforts is the rochester epidemiology project, a collaboration that links together nearly all of the medical records of the residents of olmsted county in minnesota. This unique database provides an extensive data repository of medical care delivered to community residents for over half a century and is virtually unparalleled in the united states.mayo clinic is also making tighter connections between research and patient care with the advancement of our three newest centers: the center for the science of health care delivery, the center for individualized medicine and the center for regenerative medicine. These strategic centers are changing how medicine is practiced through direct application of innovations and best practices. In 2012, the regenerative medicine clinic and the individualized medicine clinic were introduced at mayo. Both of these clinics accept patient referrals and are actively pursuing answers to complex clinical problems through breakthrough methodologies.other examples of mayo clinic research advances in 2012 include:-uncovering the toxic interaction in neurons that lead to dementia and als disease-developing the first protein test to predict the rate of progression in als disease-discovering the most potent genetic risk factor for alzheimer's disease in 20 years-discovering a new test for predicting colorectal cancers-discovering new biomarkers for identifying prostate cancers-regenerating heart tissue with modified stem cellsfunding of research activities at mayo clinic comes from over 3,200 grants and contracts as well as from mayo funds and gifts from generous benefactors. Total expenditures for research activities in 2012 were approximately $532,156,000.

Filer

EIN

41-6011702