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Mayo Clinic compensating employees after strong second quarter

KAAL-TV
Updated: September 21, 2020 05:17 PM
Created: September 21, 2020 04:44 PM

(ABC 6 News) --  Mayo Clinic announced Monday that despite COVID-19, it had a strong second quarter financial performance and as a result Mayo Clinic employees are getting compensated.

When the pandemic hit, every job sector and every business was impacted including the medical giant. As ABC 6 News reported back in April, the pandemic forced Mayo Clinic to close its outpatient practice and elective and non-emergency surgeries.  Temporary pay reductions and furloughs of staff were also implemented.

Mayo says despite the challenges during COVID-19, it is grateful for the innovative work and sacrifice from its employees to continue to deliver high quality care for patients.

In the second quarter, it reported revenues of $3.2 billion with a net operating income of $154 million.

"We want to express our deep gratitude to our staff who keep Mayo Clinic strong and provide compassionate care, life-saving research and innovation," said President and CEO Dr. Gianrico Farrugia in a statement Monday.

To acknowledge their commitment and sacrifice, Mayo is making a $1,000 thank you payment to Allied Health staff, as well as individualized payments to staff who experienced a pay reduction and to those who are eligible for Mayo benefits.

Employees can start to expect those payments on October 23.

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