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It follows steps Mayo Clinic has already taken voluntarily, which Ellison attributed to the investigation his office opened in late 2022. “In exchange for their tax exemption, nonprofit ...
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Mayo Clinic’s $1.3B operating profit sets new yearly recordAs a nonprofit foundation, Mayo Clinic reinvests its profits in operations, Dahlen said, since there aren’t shareholders to receive distributions. Other performance details for 2024 released ...
The Mayo Clinic has agreed to a deal with Minnesota’s attorney general to settle claims that the nonprofit system had sued to collect medical debt from patients who may have qualified for ...
Minnesota’s investigation of Mayo Clinic coincided with a rising focus nationwide on nonprofit health systems’ charity care policies. Nonprofit systems agree to provide charity care in ...
While most of Mayo Clinic's staff received 6% raises in 2023, compensation for the nonprofit's top executives grew by much higher rates — between 16% and 27% — topped by CEO Dr. Gianrico Farrugia, who ...
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