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
Healthcare Real Estate: Responding to Shifting Patient Demands
To compete in a changing landscape, healthcare organizations must turn their real estate from a cost center into a competitive advantage.
Over 40% of Workers Impacted by Seasonal Depression
Seasonal changes can have an impact on work performance.
Archer Property Partners Acquires Medical Office Building Near Tri-City Hospital
Archer plans a $2.5 million capital improvement program to fully modernize and reposition the asset as one of North County’s premier medical office destinations.
The OR HVAC Puzzle: Why Individual Systems Are on the Rise
Extra penetrations, tight clearances and strict humidity needs—design experts explain what it really takes to plan dedicated units for each operating room.
Sutter Health Announces Plans for New Santa Clara Medical Center
Sutter projects the medical center will open in late 2031.