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Pandemic saw hundreds of regional patients served – with papers | Pine and Lakes Echo Journal

Pandemic saw hundreds of regional patients served – with papers | Pine and Lakes Echo Journal
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Pandemic saw hundreds of regional patients served – with papers

Pandemic saw hundreds of regional patients served – with papers
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Report: Mayo Clinic sued over 900 patients between 2018 and mid-2020 for unpaid medical bills

Report: Mayo Clinic sued over 900 patients between 2018 and mid-2020 for unpaid medical bills
New study of nation s 100 largest hospitals ranks clinic near the bottom for using courts to extract payment
1:28 pm, Jun. 22, 2021
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Mayo Clinic s Gonda Building Monday, March 22, 2021, in downtown Rochester. (Joe Ahlquist / [email protected])
ROCHESTER, Minn. Between January of 2018 and the end of July in 2020, Mayo Clinic took over 900 patients to court for unpaid medical bills. That s according to a new analysis of America s largest 100 hospitals titled How America s Top Hospitals Hound Patients with Predatory Billing.
The report, issued last week by researchers at the Johns Hopkins University Bloomberg School of Public Health and the news website Axios, found that during the period of study Mayo Clinic Hospital-St. Marys Campus took court action against 904 individuals in pursuit of $4 million in total unpaid bills. ....

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Mayo Clinic raises $500 million as it looks to five years of growth

Mayo Clinic raises $500 million as it looks to five years of growth
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Mayo returns almost half of its COVID-19 relief grants

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Mayo Clinic said Monday it has given back to the federal government nearly half of the COVID-19 stimulus grants it received because it recovered faster than expected.
The Rochester, Minn.-based health system said it has returned $156 million of its $338 million worth of Provider Relief Fund grants, effective Dec. 21. The money was part of the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act.
Mayo s operating margin was almost 8% in the quarter ended Sept. 30, 2020, well ahead of many of its peers. The health system generated $288 million in operating income in the quarter, up 18% over the 2019 period.
Of the $182 million in grants Mayo is keeping, it has already booked $173 million as revenue. The remaining $9 million will be recognized by the year s end, Mayo spokesperson Jay Furst wrote in an email. ....

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