Rochester, MN (KROC AM News) - Mayo Clinic saw its net operating income top the $1-billion mark for the first time during 2019.

Mayo released its 2019 financial report Tuesday and it shows its total revenue during the year was nearly $14-billion, which was almost 10-percent higher than 2018. Net operating income in 2019 was $1.06 billion. It was just over $700-million in 2018.

Benefactors contributed $549 million, an increase of 9% over 2018.

"Our strong performance in 2019, financially and in patient care, research, and educating the next generation of health care providers, positions us well for the important work that lies ahead," says Jeff Bolton, Mayo Clinic's chief administrative officer. "This could not happen without the talent and dedication of our outstanding staff and the confidence and support of the patients we serve."

Mayo says the “growth was driven primarily by strong inpatient, outpatient and surgical volumes across Mayo Clinic's destination sites in Arizona, Florida and Minnesota. Mayo says the growth allowed it “to invest $723 million in capital projects in 2019.

More than 1.2 million patients, from every state and more than 130 countries, received care at Mayo Clinic in 2019.

"As a global leader in health care, with patients at the center of our work, Mayo Clinic has a critical role to play," says Gianrico Farrugia, M.D., Mayo Clinic president and CEO. "We are leading the necessary changes in health care to benefit people worldwide. 2019 was a year of remarkable growth and reinvestment in Mayo Clinic's mission," says Farrugia, who became president and CEO in January 2019 and charted a year of important transitions in clinic leadership.

Mayo Clinic says in 2019 it provided $590 million in uncompensated care, including $96 million in charity care and $494 million in unpaid portions of Medicaid and indigent care programs.

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