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Mayo Clinic feels effects of recession, Medicare

Minneapolis Star Tribune, March 12, 2009

Mayo Clinic officials have announced that it barely broke even in 2008 as expenses raced ahead of revenue. While the number of patients was stable, income from patient care fell by almost one third during the year. Mayo also increased spending on research, adding staff, and opening a hospital in Florida. Expenses grew by 7.6% while revenue grew 4.5%.