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May 24, 2015 3:32 PM ET

Healthcare Providers and Services

Company Overview of Mayo Clinic

Company Overview

Mayo Clinic, a not-for-profit medical group practice, provides medical care, research, and education services in Minnesota, Florida, Arizona, Iowa, Georgia, and Wisconsin. It offers medical care services in various specialties, including diabetes and endocrinology, gastroenterology, gynecology, cancer, neurology and neurosurgery, orthopedics, pulmonology, rheumatology, nephrology, urology, and cardiology and heart surgery. The company operates a network of care centers in the United States. It also provides medical education services through schools, offering various degree or certificate programs in continuing medical education, doctoral, master’s, and health sciences. In addition, the comp...

200 First Street SW

Rochester, MN 55905

United States

Founded in 1919

Phone:

507-284-2511

Fax:

507-284-0161

Key Executives for Mayo Clinic

Chief Executive Officer, President, Member of the Executive Board and Trustee
Age: 62
Chief Financial Officer
Vice President, Trustee and Chief Executive Officer of Mayo Clinic - Arizona
Vice President and Chief Executive Officer of Mayo Clinic Florida
Chief Administrative Officer, Vice President of Administration and Trustee
Compensation as of Fiscal Year 2014.

Mayo Clinic Key Developments

IBM Watson Health, Epic and Mayo Clinic to Unlock New Insights from Electronic Health Records

IBM Watson Health announced that it is collaborating with Epic and Mayo Clinic to advance patient health by applying the cognitive computing capabilities of Watson to Electronic Health Records (EHRs). As Watson's capabilities are applied to EHRs, patients and providers benefit from more rapid and thorough analysis of the medical factors that could impact an individual's health and wellness. Interoperability with Watson will enable these institutions to apply the cognitive capabilities of Watson to these records through secure, cloud-based Watson services, providing greater clinical insight to help personalize healthcare. Together, Watson and Epic software could be used to develop patient treatment protocols, personalize patient management for chronic conditions, and intelligently assist doctors and nurses by providing relevant evidence from the worldwide body of medical knowledge, putting new insight into the hands of clinical staff. Providers will be able to share patient-specific data with Watson in real time, within workflows, allowing Watson to bring forth critical evidence from medical literature and case studies that are most relevant to the patient's care. Epic plans to embed Watson's cognitive computing capabilities into its advanced decision support offerings through the use of open standards, including Health Level -7 (HL7) Fast Healthcare Interoperability Resources (FHIR) Application Programming Interfaces (APIs). Connecting through Epic's open API, the two systems will extend clinician expertise and help caregivers access knowledge more quickly. IBM and Mayo Clinic are already working together to pioneer cognitive computing in clinical trials matching for cancer patients. Watson's speed and accuracy allows physicians to enroll patients more quickly in the clinical trials that best meet individual patient needs. Over one million patients are seen at Mayo Clinic each year and more than 1,000 clinical trials are available to match patients to at any given time.

Optum360 and Mayo Clinic Partner to Develop New Revenue Management Services

Optum360 and Mayo Clinic have announced that they are partnering to develop new revenue management services capabilities to improve patient experiences while reducing administrative costs for health care providers. Optum360 and Mayo Clinic will collaborate on enhancing and redesigning specific elements of the revenue cycle to increase efficiency while creating a convenient, accurate, transparent and personal experience for patients. A key focus is improving the interaction between the provider and payer by opening channels of communication early in the care process. The partnership includes a next-generation patient cost estimator, streamlining prior authorization/pre-certification, enhanced claims editing functions and administrative simplification of billing activities associated with pre-care packaged pricing. Optum360 computer-assisted coding, clinical documentation improvement and billing technologies will be implemented in a phased approach at Mayo Clinic facilities as part of their ongoing commitment to improve the service and experience for patients and providers when performing business transactions with Mayo Clinic.

Mayo Clinic Presents at International Business Forum 14th Annual MedTech Investing Conference, May-06-2015 01:50 PM

Mayo Clinic Presents at International Business Forum 14th Annual MedTech Investing Conference, May-06-2015 01:50 PM. Venue: Loews Minneapolis Hotel, 601, 1st Ave North, Minneapolis, MN 55403, United States. Speakers: Kathleen Harrington, Division Chair, Government Relations.

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