Health Care At Mayo Clinic

1147 WordsMay 13, 20175 Pages
Mayo Clinic “Mayo Clinic has established arrangements with several different types of health care insurers” (n.d., Mayo Clinic). It is important to review information and resources relevant to your health care coverage prior to setting up your appointment. Mayo clinic also has resources available to assist patients with the insurance process including pre-authorizations and pre-certifications from their insurance company. Mayo clinic accepts coverage from several contracted insurance plans. Mayo clinic may not offer the highest benefit level or participate in every product offering from the every health plan listed; benefit coverage is determined solely by the insurance provider. A few of health care providers contracted with Mayo Clinic…show more content…
A deposit may not be required if authorization is verified prior to services being rendered (n.d., Mayo Clinic). Other health insurance plans that may participate with Mayo Clinic may be disability insurance, motor vehicle insurance, prescription plan cards, and workers’ compensation. It is important to keep in mind that there are many commercial or traditional health insurance plans that Mayo Clinic might not participate with. It is best to check with your employer, health plan or other appropriate party about your health plan benefits before being seen (n.d., Mayo Clinic). Mayo Clinic offers an uninsured discount which provides financial assistance as well and will supplement the Mayo Clinic Charitable Care and Financial Assistance Policy. This discount will apply to medically necessary inpatient and outpatient services to residents of the United States after applying for Medicaid, Medicare or other Medical Assistant programs and denied. Being underinsured may include high deductible, high out-of-pocket maximum requirement, limited benefit plan(s), or no contracted insurance plan (n.d., Mayo Clinic). Mayo Clinic has several different sources of funding. In 2008 Mayo Clinic combined Colleges of Medicine received $184 million in NIH funding, placing them in the top 20 institutions for NIH funding. Mayo clinic also used $210.8 million in 2008 of its institutional revenues to fund research. Research expenditures in 2008
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