US Healthcare Costs & Admin Overhead to Physician Growth

by Rose Rohloff

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​Mayo Clinic Launches $1B Upgrade To Electronic Records System
CBS Minnesota 7/13/2017

Mayo Clinic has launched a $1 billion project the health care provider says will combine all of its electronic health records into a single, upgraded computer system ... Mayo Clinic Health System sites switched to the new system, Wisconsin-based Epic Systems Corp. 

Mayo Clinic defends executive raises
Molly Gamble (Twitter), Becker's Hospital Review 12/8/2022 

Mayo Clinic returned to raises for its executive team in 2021 with top-paid employees seeing the largest increases of 20 percent or more, the Rochester Post Bulletin reported Dec. 8.
Financial hits brought on by the COVID-19 pandemic in 2020 left many Rochester, Minn.-based Mayo Clinic executives taking small pay cuts. Compensation for CEO Gianrico Farrugia, MD, dropped 1 percent, for instance. 
The next year, Mayo returned to raise executive pay, with a total of 26 employees reporting compensation of more than $1 million in 2021. That tally is up from 23 in 2020 and 21 in 2019.
In 2021, Dr. Farrugia's compensation increased by 27 percent to $3.48 million. Then-Chief Administrative Officer Jeff Bolton's compensation increased by 24 percent to $2.11 million. Kent Thielen, MD, CEO of Mayo Clinic in Florida, saw his compensation increase by 20 percent to $1.79 million and Richard Gray, MD, CEO of Mayo Clinic in Arizona, saw his compensation increase 26 percent to $1.78 million in 2021.