Uninsured 2 Research Paper Example | Topics and Well Written Essays - 750 words

Uninsured 2 - Research Paper Example Mayo Clinic is a non-profit medical practice as well as a medical research group that is based in Rochester, Minnesota. The medical facility was founded in 1889 and its current Chief Executive Officer is John Noseworthy. It original founders include Charles Horace Mayo and William James Mayo. It mainly serves North America and has its headquarters in Rochester, Minnesota in the United States (Fye, 2010). Mayo hospital was found to have an asset value of 6.947 billion USD, with an annual generation of revenue at 3.137 billion USD. Moreover, the medical facility employs more that 3,800 scientists and physicians and has 50,900 allied health staff (Mayo Clinic, 2013). This has enabled the hospital to propel itself be near the top of the U.S News and World Report list of â€Å"Best Hospitals† for a period of more than 20 years. The Mayo Clinic is significantly present in three U.S metropolitan areas: Jacksonville (Florida), Rochester (Minnesota), and Phoenix (Arizona). As a consequence, in 2013 the U.S News & World Report ranked Mayo Clinic third overall hospital in America. (U.S. News & World Report, 2013). As pointed out by Baier (2012) the American data has shown that the number of Minnesotans aged 65 years and above will rise by 40% in the next 10 years, shifting demographics which are already evident. These patients in the previous year accounted for approximately half of the 1.1 million patients visiting the Mayo Clinic Health System and Mayo Clinic. With regard to research, researchers from Mayo Clinic contribute significantly to the comprehension of best clinical practices, disease processes, and translation of findings from the laboratory to the clinical practice. It has also been shown that it spends over $500 million annually on research. The health facility employs an estimated 400 doctoral level physicians and research scientists. It has an additional 2,800 allied health