Mayo Clinic's operating income more than doubles

Rochester, Minn.-based Mayo Clinic recorded operating income of $182 million in the third quarter of 2017, more than double its operating income of $86 million in the same period last year, according to recently released bondholder documents.

Mayo saw revenues climb 9.3 percent year over year to $2.97 billion in the third quarter of 2017. The financial boost included an increase in patient service revenue and premium revenue.

The system kept its expenses in check in the most recent quarter. Mayo said expenses rose to $2.79 billion in the third quarter of this year, up 5.9 percent from the same period of the year prior.

Mayo's operating margin in the most recent quarter was 6.1 percent, compared to the third quarter of 2016, when the organization recorded a 3.2 percent margin.

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