Mayo recorded revenue of nearly $2.75 billion in the second quarter of this year, up 7 percent from the same period of 2015. However, the system saw expenses, including labor and supplies costs, rise 7.9 percent in the second quarter of 2016, outpacing the growth in revenue.
Mayo’s operating surplus fell 5.2 percent year over year to $146 million in the three months that ended June 30.
In the first half of this year, Mayo’s revenue jumped 7.6 percent to $5.4 billion. The system ended the first six months of 2016, with an operating surplus of $255 million, up 5.4 percent from the same period of 2015.
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