In a bid to attract patients and employees from around the world, Mayo Clinic has announced a $5 billion initiative to develop its Rochester headquarters into a Destination Medical Center (DMC). This includes an earlier commitment in 2012 from Mayo Clinic to invest over $3 million in facility capital improvements in the Minnesota portfolio and beyond over the next 20 years.
An additional $2.1 billion in private investment to address the gap in patient visitor satisfaction between the experience on the Rochester campus and off the campus, according to a Mayo Clinic release, will be necessary to the success of the expansion. Desired improvements to the community touch on lodging, hospitality, entertainment and retail. As well, public infrastructure investment totaling $585 million is proposed to support the 20-year DMC expansion. This aspect of the DMC will be presented to the 2013 Minnesota Legislature for considerations, says the clinic.
"Ten years from now, there will emerge just a few medical centers with the reputation for health care excellence and patient-focused outcomes that will attract patients from all over the world to their flagship medical center," says John Noseworthy, M.D., Mayo Clinic president and CEO, in a press release. "Mayo Clinic not only intends to protect its current status as one of the world's premier medical institutions but to significantly expand our highly-effective practice model and medical assets to be clearly recognized as a global destination medical center for decades to come."
The clinic is Minnesota's largest private employer, with more than 32,000 employees in the state.
For more on the DMC, read/listen to the NPR Minnesota Public Radio report.
Mayo Clinic's plan for growth depends on taxpayer support
In a bid to attract patients and employees from around the world, Mayo Clinic has announced a $5 billion initiative to develop its Rochester headquarters into a Destination Medical Center (DMC).
By Healthcare Facilities Today
February 5, 2013
Topic Area: Project News for Healthcare Facilities
Recent Posts
Extreme Weather: The Maintenance-Resilience Link
Extreme heat serves as stress test of the resilience of utility systems that provide power, cooling and life safety functions.
Encompass Health Lower Providence Opens in Pennsylvania
The 50-bed inpatient rehabilitation hospital is the company's 11th location in Pennsylvania.
Intermountain Health Acquires Fairbourne Building for Healthcare Hub and Medical Campus Conversion
Construction on the interior of the building is underway with the city and Intermountain working closely together on the campus.
Cooling Towers at NYC Health + Hospitals/Lincoln Test Positive for Legionella
Hospital among the positive tests at 10 cooling towers in South Bronx.
Prefabricated Wall Panels Accelerate UCF Lake Nona Medical Center Construction
Case study: StoPanel exterior wall systems helped Wal-Mark Contracting meet strict Florida wind-load requirements and complete 136 panels in just 11 days.