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• May 9, 2008 6:33 am US/Central
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  Mayo Clinic's Raised $1B In 3 Years

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Mayo Clinic's Raised $1B In 3 Years

MINNEAPOLIS (AP) ― The Mayo Clinic is announcing Friday that it has raised nearly $1 billion over the past three years.

The Rochester clinic embarked on a $1.25 billion fund-raising campaign in 2005 and is going public with the effort in the hopes of raising the final amount. Mayo recruited 220 volunteers to help raise the money, including some of its physicians.

The clinic hopes to use the money to improve patient care, education and research. One particular area is genomic medicine; that's the science of screening for disease and pinpointing the proper treatment for a particular patient.

Neurologist John Noseworthy said in recent years Mayo has felt "changes in the economic environment" -- including the impact of rising health care costs and lower revenue.

(© 2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)