Dive Brief:

Mayo Clinic grew its net and operating income for the three month period ended Sept. 30 as patient volumes remained robust and investment income continued to rebound.

The system posted $193 million in operating income for the quarter — a 250.9% year-over-year increase. Total income, including from philanthropy and investment returns, was $442 million.

Mayo said its results highlighted the strength of investing in high-acuity service lines and its disciplined cost management approach.

Dive Insight:

Mayo grew its operating revenues 12.4% year over year, from $4.9 billion to $5.5 billion.

Increased patient services revenue propelled the lion’s share of that increase, as Mayo funneled more patients through its doors. Net medical service revenue reached $4.6 billion, a 1

See Full Page