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Mayo Clinic revenue was up for 2020 with help of $182 million in CARES funds

Mayo Clinic revenue was up for 2020 with help of $182 million in CARES funds Mayo Clinic released its 2020 financial report today, which showed total revenue of $13.9 billion was up 1.5 percent from 2019. The net operating income was $727 million, down from the record $1 billion reported in 2019. Net medical service revenue declined to $11.5 billion from $11.6 billion in 2019, but revenue from Mayo Clinic Laboratories and Mayo Clinic Ventures more than made up the difference. 1:15 pm, Feb. 28, 2021 × Mayo Clinic publicly reported its “Unaudited Condensed Consolidated Financial Reports” for the second quarter and the first six months of 2020 filed with the Municipal Securities Rulemaking Board.  Despite the coronavirus pandemic, Mayo Clinic increased total revenue in 2020 to $13.9 billion, up by $200 million from 2019, with the help of $182 million in CARES Act funds.

Mayo Clinic revenue was up for 2020 with the help of $182 million in CARES funds

Mayo Clinic revenue was up for 2020 with the help of $182 million in CARES funds Mayo Clinic released its 2020 financial report today, which showed total revenue of $13.9 billion was up 1.5 percent from 2019. The net operating income was $727 million, down from the record $1 billion reported in 2019. Net medical service revenue declined to $11.5 billion from $11.6 billion in 2019, but revenue from Mayo Clinic Laboratories and Mayo Clinic Ventures more than made up the difference. Written By: Jeff Kiger | × Mayo Clinic publicly reported its “Unaudited Condensed Consolidated Financial Reports” for the second quarter and the first six months of 2020 filed with the Municipal Securities Rulemaking Board. 

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