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Despite COVID, many wealthy hospitals had a banner year with federal bailout The recipient of $338 million, Mayo Clinic ended the year with revenue that was $202 million higher than in 2019. Mayo recorded a $728 million surplus, which equaled a 5.2% margin. Other health systems, such as NewYork-Presbyterian Hospital and CommonSpirit Health, lost money despite federal grants in the vicinity of a billion dollars each. Written By: Jordan Rau and Christine Spolar / Kaiser Health News | 10:10 am, Apr. 5, 2021 × A banner reading “Ranked #1 in the Nation” is displayed in Annenberg Plaza on Monday, July 26, 2020, at Mayo Clinic in downtown Rochester. (Traci Westcott / twestcott@postbulletin.com) Last May, Baylor Scott & White Health, the largest nonprofit hospital system in Texas, laid off 1,200 employees and furloughed others as it braced for the then-novel coronavirus to spread. The cancellation of lucrative elective procedures as the hospital pivoted t

New yorkUnited statesBaylor universityHealth servicesUniversity of chicagoKaufman hallMayo clinic in rochesterWilliamson memorial hospitalWest virginiaEdward karlovichLisa goldsteinSuzie desaiDaniel widawskyDennis dahlenColleen groganDonald yealy