Mayo Clinic Sends Out Acceptance Letters
Mayo Clinic Sends Out Acceptance Letters – The dean made a personal phone call to each student and apologized and informed them of the mistake.
Imagine receiving an acceptance email for medical school, only to find out hours later that it was a mistake!
Mayo Clinic Sends Out Acceptance Letters
The nightmare was a reality for hundreds of Mayo Clinic Alix School of Medicine hopefuls after the school mistakenly sent 364 acceptance letters to prospective students.
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Here’s the Buzz: The dean of admissions says the school only accepts 46 students each year. But due to a glitch, everyone who was interviewed was offered admission.
That Mayo Clinic Alix School of Medicine is ranked No. 9 on the list of the nation’s best medical schools, according to the U.S. News & World Report.
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But, more school counselors believe that using meditation instead of detention allows students to find peace and quiet by sitting on yoga mats and stretching, while music plays in the background. .
A few years ago, schools across the country gave the method a test run, and they said it works.
Teachers said it helped calm a disruptive student in class. They still rarely see children for disciplinary issues. Last May, Baylor Scott & White Health, the largest nonprofit hospital system in Texas, laid off 1,200 employees and laid off others as they prepared for the spread of the new coronavirus. at that time. The cancellation of lucrative elective procedures as the hospital turned to treat a new and less profitable infectious disease predicted financial difficulties, if not ruin. The federal government rushed $454 million in relief funds to help boost its operations.
But Baylor not only overcame the crisis, but succeeded. By the end of 2020, Baylor had accumulated a surplus of $815 million, $20 million more than it had in 2019, and generated an operating margin of 7.5 percent that would be higher than the profits of most hospitals in the shortest time, KHN examination of the financial statements shows.
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Like Baylor, some of the nation’s wealthiest hospitals and health systems posted hundreds of millions of dollars in surpluses after accepting a substantial share of federal health care bailout grants, the their records. Those included the Mayo Clinic, UPMC of Pittsburgh and NYU Langone Health. But poorer hospitals – many serving rural and minority populations – got a smaller slice of the pie and limped through the year with deficits, downgrades in their bond ratings and bleak fiscal futures.
“A lot of the funding helped the wealthy hospitals at one time, especially in New York, when the safety net hospitals were suffering,” said Colleen Grogan, a professor of health policy at the University of Chicago. . “We could have designed it for hospitals that we knew were really suffering and carrying a disproportionate amount of the burden.”
In Baylor’s case, the system, which runs Baylor University Medical Center in Dallas and 51 other hospitals, said it spent $257 million last year on pandemic-related costs, including protective clothing for employees and patients and the creation of isolation rooms. Baylor has $197 million in unspent federal aid funds to use this year to cover the costs of fighting the virus and cooling vaccines, he said.
“Our covid-19 related costs and lost revenue continue to exceed the funding we have received to date,” Baylor said in a statement to KHN.
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Other tilting hospitals or large systems have faced greater problems. Both NewYork-Presbyterian Hospital and CommonSpirit Health, a 140-hospital Catholic system operating in 21 states, lost money despite federal grants in the neighborhood of a billion dollars each. A few systems, including the for-profit chain HCA Healthcare, returned federal funds when they saw that they had exceeded their worst-case scenarios. But most have spent the aid and held on to whatever money was left and new grants to cover the costs of the pandemic anticipated this year because hospital executives fear there will be more cases of additions.
Much of the misdistribution was caused by the way the Department of Health and Human Services based the allocation of initial bailout funds on the hospitals’ past revenues. This favored institutions with wealthy patients who have private health plans over those who rely on lower-paying government insurance, which is what most poor people use.
Baylor, for example, started 2020 with $5.4 billion in cash and investments, enough to keep it going for 238 days, financial disclosures show.
Hospitals that ended the year with profits were entitled to federal aid because of the extraordinary latitude Congress and HHS set about how hospitals could classify their pandemic costs.
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Last fall, when HHS tried to limit how much aid hospitals could keep based on their profits — so the money could be redirected to struggling hospitals — the effort was quickly beaten back by the industry and Congress. HHS officials declined interview requests but noted in a statement that Congress had directed it to return to its “broader definition of permissible use of PRF funds.”
“The Biden Administration continues to review programs and policies including considerations for unallocated funding under the PRF program and $8.5 billion recently appropriated under the recently signed American Rescue Plan Act,” the statement said.
The bailouts were initiated last spring to help health care providers weather a once-in-a-century public health disaster. Money earmarked for hospitals and other health care providers from the Coronavirus Relief, Assistance and Economic Security (Care) Act and subsequent legislation totaled $178 billion.
It was intended to compensate all the costs of the treatment of infected patients, including the purchase of ventilators, masks, gowns and other personal protective equipment. Congress further authorized hospitals to use money to compensate for reduced revenue when they close elective surgeries and non-emergency treatments to prepare for the anticipated deluge of covid-19 patients.
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The money, called the Provider Relief Fund, has helped many poorer hospitals avoid cash cuts, layoffs and bond downgrades. A survey by the consulting firm Kaufman Hall found that the median hospital earnings during 2020 would have been 0.3 percent without the federal support. With it, half of the hospitals posted a profit of 2.7 percent or more, below the 2019 median margin of 3.1 percent, according to the firm, which also produces analytical work for the American Hospital Association.
In February, the association urged Congress to fill the nearly empty relief fund, saying, “hospitals have never experienced a national health crisis this widespread.”
The finances of some hospitals have deteriorated significantly during the pandemic. From the end of March to December, the rating agency Moody’s downgraded 28 hospitals, primarily because of weaknesses such as higher debt or more competition, said Lisa Goldstein, associate managing director of Moody’s.
Others suffered worse fates, such as Williamson Memorial Hospital, which closed last April. The hospital, in the coal country of West Virginia, was trying to get out of bankruptcy protection, but “unfortunately, the reduction in volumes experienced by the current pandemic was [o] sudden and severe for us to sustain operations,” wrote its CEO. on Facebook.
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Conversely, many prosperous health systems emerged unscathed from last spring’s moratoriums, often because of federal aid. “It gives them the ability to not have to draw on their reserves to make up for the loss in revenue,” said Suzie Desai, senior director of S&P Global Ratings.
The systems saw patient visits return to near normal as the year progressed. In some cases, business in the latter half of 2020 was even higher than in the same period in 2019 due to increased demand for treatments postponed from the spring, financial records show.
“We’ve seen volumes come back” in every area except emergency room visits, said Kevin Holloran, senior director of Fitch Ratings. Major hospital systems also reported that cases tended to be more complex than normal, leading to higher insurance payments.
UPMC accepted $460 million in bailout funds while collecting $2.5 billion more in revenue in 2020 than in 2019. The not-for-profit system ended the year with an operating surplus of $836 million – providing a margin of 3.6 percent that was triple the previous year – due in part to the expansion of the – health insurance that the system has.
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Other hospitals that sold insurance, including Baylor, persevered because the cause of their financial woes — fewer surgeries and doctor visits — meant health plans paid fewer claims.
UPMC’s strong finances were not mentioned in a recent fundraising pitch announcing the launch of its “Health Care Heroes” campaign. “Over the past year, healthcare workers have carried the weight of the world on their shoulders, risking their own health and safety to ensure ours as we navigate the covid pandemic -19,” the email said. “Now it’s our turn to recognize their hard work. … By donating, you will help provide training, recognition, and support for our staff initiatives.”
Donald Yealy, senior vice president, UPMC and chief medical officer, UPMC Health Services, said the fundraising appeal was a way for people in the community to show their appreciation.
“The intention of the request and the letter were clear. People are free to ignore or have an opinion. I