Mayo Clinic reports 2007 revenue grew 10%

Revenue at the Mayo Clinic grew almost 10 percent in 2007, to $6.9 billion. Mayo representatives said that income from current activities was $198 million, a profit margin of 2.9 percent. Despite the gain, Mayo officials say that the clinic faces significant challenges in the next few years, including falling Medicare payments, an upsurge of aging baby boomers and a shortage of healthcare workers.