| Mayo Clinic was in a strong financial position before the COVID-19 pandemic hit. It had a record performance year in 2019, with revenue of $13.8 billion and operating income of more than $1 billion. The health system began 2020 with significant liquidity reserves, but its finances began to suffer in March after it deferred all elective care that could be postponed for at least eight weeks. Mayo Clinic’s revenue totaled $3.2 billion in the first quarter of this year, down nearly 4 percent from the same period a year earlier. Net medical service revenue was up less than 1 percent year over year. |
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