Data Collection and Improving the Mayo Clinic
The Mayo Clinic is one of the best and most respected medical institutions in the world. However, even an organization at the forefront of the healthcare industry must remain always in a state of improvement. In order to do so, an organization must conduct meaningful and empirical research regarding its own capabilities and performance. This requires the use of the appropriate modes of data collection and implementation of instructive data presentation tools. The discussion here below considers the need for the Mayo Clinic to help improve the scale of private investments that it helps draw to its home state and to improve the ability of other healthcare institutions to replicate its successful model.
Areas of improvement:
The Mayo Clinic has an inextricable relationship with its home state of Minnesota. As such, it has long been a creator of jobs in the region, a destination for national and international conferences and a highly sought after treatment facility for patients the world over. For these reasons, the clinic is calling for the state of Minnesota to provide $600 million in subsidies for improving the Clinic and for helping it to advance its already considerable capabilities and resources.
These subsidies would help Mayo to sustain the cost of the current improvement package in place. According to the article by Carlson, "Mayo pledged last year to spend $3.5 billion to improve its flagship health center in Rochester and a set of developments now known collectively as the Destination Medical Center project. Last week, the system said it would also bring at least $2.1 billion in private investments from other sources to improve entertainment, lodging and tourism options in the city of 100,000 people." (Carlson, p. 1)
This denotes a necessity to conduct informative research on the types of private investments that might be most compelling to the state. In order to make its case for subsidy from the state, the Mayo Clinic would be well-served to gather data on the best private investment opportunities to court for the state and its surrounding community....
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