Mayo Clinic Florida

What it reported doing in 2013

Patient & community services (see schedule o)patient & community services: mayo clinic Florida (mcf) is an acute-care hospital located in jacksonville, Florida. Mcf has 214 licensed beds and provides acute patient care and services in medical and surgical specialties. During 2013, mcf had over 1,700 employees and staff who treated 9,500 unique inpatients, performed 12,600 surgeries, treated 46,300 people on an outpatient basis and cared for 27,100 people in the emergency room.mcf, in affiliation with mayo clinic jacksonville (a related multispecialty outpatient clinic exempt under section 501(c)(3) of the code), is one of the main providers of health care services in northeast Florida. Mayo clinic Florida is located on the campus of mayo clinic jacksonville (mcj). The affiliated organizations are often referred to and viewed as a single integrated institution.mcf provides care to persons covered by governmental programs. Services are provided to both medicare and medicaid patients at substantial discounts from standard fees. Financial assistance is also provided for patients that are financially unable to pay for services provided. The cost of uncompensated care provided to low income patients through medicaid was approximately $4,631,600. The cost of uncompensated care provided to patients through medicare was approximately $9,409,500. Financial assistance (at cost) provided to patients in 2013 was approximately $4,078,100. Of the financial assistance provided each year, a portion of it goes to transplant patients who would otherwise die without a new, functioning organ.being connected and involved provides an opportunity for mcj and mcf to collaborate with other health service providers to address the community's health care needs and provide assistance to those who have trouble accessing adequate medical care.mcf and mcj have partnered with over 30 organizations to improve the quality of life and make jacksonville and northeast Florida a healthier community. These partnerships help mcf and mcj discover unmet needs in the community and develop programs to fulfill those needs.mcf and mcj support the sulzbacher center which provides comprehensive services for the homeless. Mcf and mcj provide multi-year financial support and physician support to the sulzbacher center in order to assist the center in providing after-hours primary and behavioral health care to uninsured patients who are homeless. In 2013, support totaled $36,095, which provided care to 78 patients in the medical procedure clinic and 47 patients seen by mayo psychiatrists. About 68% of the sulzbacher center beaches clinic patient population lives at 100% or below the federal poverty level.mcf and mcj work with the blood alliance to operate the mayo clinic blood donor center. The center is staffed and operated by the blood alliance. Understanding the need to increase blood donation, the mayo sites provide space and furnishings for a donor center open to the public. In 2013, the donor center collected 1,985 units of red blood cells and 476 units of platelet products.mcf and mcj are dedicated to furthering minority health and wellness efforts and reducing health disparities. Through education and awareness programs, personalized health care and innovative research, mcf and mcj strive to eliminate disparities within the communities and to help prevent and reduce illness and death in minority populations. In 2013, the health disparities program held several major projects and initiatives to bring together the jacksonville community to discuss and learn about solutions to some of the health disparities faced by the local community.in 2013, staff from mcf and mcj worked with local churches and community organizations to bring health education and screenings to the community in 5 main events that reached 300 people. In addition, vitamin d education and free vitamin d testing was offered at various events throughout the community. Mcf and mcj provided assistance for the f

Financial Efficiency

• Mission deployment rate: 73.5%; rating input score 73
• Program expense ratio: 88.2%; rating input score 88
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 67th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.7%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 1.42; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.44; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 0.5%; rating input score 88; 88th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 5.8% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 13.2% per year; rating input score 100; 84th percentile among comparable filings