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How the Mayo Clinic Board Balances Medicine and Business
In this episode, Lucas and Luna examine how the Mayo Clinic's board of trustees governs one of the world's most respected healthcare institutions. The clinic operates as a nonprofit with a unique three-shield model — patient care, research, and education — but still generates over $16 billion in annual revenue. Lucas explains how the board maintains its physician-led culture while making strategic decisions like expanding into Arizona and Florida, launching the Mayo Clinic Platform for data sharing, and navigating the shift to value-based care. Luna asks whether nonprofit boards…
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