Charity care spending at Mayo Clinic is on the lower end compared to other nonprofit hospitals, Becker’s reports.
The Rochester-Minn.- based clinic spent .34 percent of its annual expenses on charity care in 2021. Nonprofit hospitals averaged spending 2.3 percent of their annual expenses providing charity care in 2021.
None of the hospitals in the top 10 U.S. News and World Report rankings spent more than the national average in charity care. Mayo Clinic was ranked ninth among these hospitals in charity care spending, with Stanford Hospital ranked slightly below.
Justin Furst, a Mayo Clinic spokesperson, said that charity care is just one of the ways the clinic serves the community, with the hospital contributing millions to unpaid portions of Medicaid and indigent care, donating to nonprofits and spending to advance health equity initiatives. Read more.
