Hospital Administration Term Paper

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Hospital Administration

The Mayo Clinic: A Not-for-Profit Organization

The Mayo Clinic In Rochester, Minnesota is one of a network of Mayo clinics devoted to providing top-notch care for all patients. The clinic's mission is "to provide the best care to every patient, everyday through integrated clinical practice, education and research" (Mayo Clinic). According to the clinic's 2001 Annual Report, on November 28,2001 the Mayo Clinic in Rochester saw its 6 millionth patient.

According to the Mayo Clinic's website at www.mayoclinic.

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org, the primary value of the clinic is to tend to the needs of the patients. The clinic has a core financial principle of using revenue to service present and future necessities, and not for the creation of wealth. The Mayo Clinic is, therefore, operating as a not-for-profit organization.

The founding members of the Mayo Clinic, Dr. Will and Dr. Charlie Mayo, gave the name and earnings of the clinic over to a charitable,….....

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