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Karl W Oestreich (@KarlWOestreich)

Activity by Karl W Oestreich

Karl W Oestreich (@KarlWOestreich) posted · Wed, Jul 22 11:00am · View  

Mayo Clinic THINK BIG Challenge to offer entrepreneurs $100,000 start-up funds, expert guidance

Rochester, Minn. Mayo Clinic Center for Innovation, Mayo Clinic Ventures and AVIA today announced the Mayo Clinic THINK BIG Challenge, a national competition offering awards totaling $100,000 for entrepreneurs with innovative ideas to transform the future of health and health care.Mayo Clinic Think Big Challenge - logo

Entrepreneurs can apply for one of two $50,000 THINK BIG challenge awards in these categories:

  • Got Health?
    This challenge will focus on healthy people staying healthy and explore areas such as eating healthy, enhancing well-being, monitoring risk factors and engaging in daily exercise.
  • I Am Not My Disease
    This challenge will tackle the presumption that people are defined by their disease and explore areas such as access to health data, health literacy and behavior modification.

In addition, Mayo Clinic experts will guide winners for a year as they develop their concepts for market. Apply for the Mayo Clinic THINK BIG Challenge by Saturday, Aug. 15, at transformconference.mayo.edu/think-big.

The THINK BIG competition will culminate on Thursday, Oct. 1, in Rochester, Minnesota, at the Transform 2015 conference, a gathering of industry leaders exploring the future of health and health care. Finalists will compete on stage in a live presentation. A panel of judges will select the winners with input from the Transform audience using smartphone technology.

Media Contacts:
Duska Anastasijevic, Mayo Clinic Public Affairs, 507-284-5005, newsbureau@mayo.edu;
Cathryn Kennedy, Mayo Clinic Center for Innovation, 612-309-3951, newsbureau@mayo.edu
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Karl W Oestreich (@KarlWOestreich) posted · Mon, Mar 16 10:58am · View  

The City of Rochester Announces Proposed Acquisition of Historic Chateau Theatre

Chateau Theatre building on Peace Plaza in downtown Rochester

Chateau Theatre in Peace Plaza, downtown Rochester, Minn.

ROCHESTER, Minn.  –  The City of Rochester today announced the proposed acquisition of the historic Chateau Theatre located in Peace Plaza in downtown Rochester. The city will discuss executing a purchase agreement for the 88-year-old theatre at its April 6 City Council meeting.

“This a tremendous opportunity for us to preserve this iconic element of Rochester’s history and invest in our future,” said Mayor Ardell Brede, “Thanks to the generosity of Mayo Clinic, we are now able to meet the purchase price of six-million dollars.”

Journalists: Sound bites and b-roll from the event are in the downloads.

 

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Karl W Oestreich (@KarlWOestreich) posted · Tue, Mar 3 11:53am · View  

Mayo Clinic Reports Strong Performance in 2014, Extends Hope and Healing to Millions

Dr. Noseworthy

Dr. Noseworthy

ROCHESTER, Minn. — Mayo Clinic reports a strong 2014 performance, including providing direct care for more than 1.3 million people, contributions of $410 million to its pension plan as a commitment to employees, and plans for a $1.5 billion investment to fund information technology infrastructure.

“Whether viewed through the lens of quality, patient outcomes, research advances, operational performance or sharing our knowledge with the world — by all measures, we had an extraordinary year,” says John Noseworthy, M.D., president and CEO, Mayo Clinic. “That success allowed us to reinvest in our people, our infrastructure and our mission so we can better serve our patients.”

Jeff Bolton

Jeff Bolton

“As a nonprofit organization, it’s important for us to not only reinvest in our technology infrastructure, but also invest in our employees,” says Jeff Bolton, vice president, administration, Mayo Clinic. To that end, Mayo Clinic made an additional contribution of $190 million to its pension fund, bringing the total 2014 contribution to $410 million. This additional investment was necessary to ensure Mayo Clinic will meet its commitment to current and future retirees.

“Our financial performance gives us the flexibility to invest in new initiatives that will help our patients,” says Kedrick Adkins Jr., Mayo chief financial officer. These funds are committed to mission-advancing projects. The funding includes five areas of focus, Adkins says:

Kedrick Adkins Jr.

Kedrick Adkins Jr.

  • Information technology infrastructure: $1.5 billion over multiple years to fund a new electronic health record and revenue cycle management system, network refresh and data transaction security upgrades.
  • Employee pension plan: $410 million contribution in 2014. This includes an originally planned $220 million contribution and an additional $190 million contribution as a commitment to fully fund the pension plan for employees.
  • Practice innovation: approximately $200 million in 2014 which includes funding of Mayo’s three hybrid centers — individualized medicine, regenerative medicine and the science of health care delivery — as well as Mayo Clinic practice priorities and information knowledge management activities.
  • Education: $275 million in 2014 funding for educational activities.
  • Research: $648 million in 2014 funding for research activities — $276 million from Mayo and $372 million from external resources.

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Karl W Oestreich (@KarlWOestreich) posted · Fri, Feb 20 2:43pm · View  

Mayo Clinic Trustees Welcome New Members, Recognize Named Professors

Dr. Gianrico Farrugia

Dr. Gianrico Farrugia

PHOENIX — The Mayo Clinic Board of Trustees welcomed Gianrico Farrugia, M.D. ,as a new member, re-elected two internal trustees and one public trustee, and also recognized three recipients of Mayo Clinic named professorships at its board meeting today.

Dr. Farrugia was named Mayo Clinic vice president and chief executive officer (CEO) of Mayo Clinic's campus in Jacksonville, Florida, in August 2014. He replaces William Rupp, M.D., who retired at the end of 2014 and was elected as an emeritus trustee. Michael Powell, who joined the board in 2011, was re-elected as a public trustee. Powell, who is president and CEO of the National Cable & Telecommunications Association (NCTA), was chairman of the Federal Communications Commission (FCC) from 2001 to 2005 and a member of the FCC for eight years.

Dr. Veronique Roger

Dr. Veronique Roger

The board re-elected two internal trustees:

  • Pam Johnson, R.N., chair, Mayo Clinic Department of Nursing. Ms. Johnson will serve a one-year term.

The Mayo Clinic Board of Trustees also recognized three new named professorships, the highest academic distinction for faculty members at Mayo Clinic. [...]

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Karl W Oestreich (@KarlWOestreich) posted · Tue, Jan 20 10:19pm · View  

Mayo Clinic Response to President Obama's Precision Medicine Initiative

ROCHESTER, Minn -- Acting Director of the Mayo Clinic Center for Individualized Medicine, Richard Weinshilboum M.D., says, "We are pleased and heartened that President Obama plans to increase federal funding for precision or individualized medicine, which Mayo Clinic views as integral to the future of health care. Clínica de Medicina PersonalizadaWe eagerly await more details of the initiative and look forward to contributing however we can. The Mayo Clinic Center for Individualized Medicine has been a leader in this field for many years and opened the world's first integrated, multidisciplinary Individualized Medicine Clinic for patients with rare or undiagnosed diseases and patients with cancers."

For more information about the Mayo Clinic Center For Individualized Medicine:  http://mayoresearch.mayo.edu/center-for-individualized-medicine/

MEDIA: To interview Dr. Weinshilboum contact Sam Smith or Karl Oestreich, Mayo Clinic Public Affairs, 507-284-5005, newsbureau@mayo.edu.

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About Mayo Clinic
Mayo Clinic is a nonprofit organization committed to medical research and education, and providing expert, whole-person care to everyone who needs healing. For more information, visit http://www.mayoclinic.org/about-mayo-clinic or http://newsnetwork.mayoclinic.org/.

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Karl W Oestreich (@KarlWOestreich) posted · Tue, Jan 20 10:03am · View  

Mayo Clinic Selects Epic as Strategic Partner for Electronic Health Record and Revenue Cycle Management System

Dr. John Noseworthy

John Noseworthy, M.D.

ROCHESTER, Minn., — Mayo Clinic announced today that Epic has been selected as its strategic partner for a single, integrated electronic health record (EHR) and revenue cycle management (RCM) system. The new system will replace Mayo’s three EHRs in use today and will be a foundation for Mayo Clinic operations over the next several decades.

“We’re confident in choosing Epic as our strategic partner as we continue to enhance Mayo Clinic’s excellence in health care and medical innovation,” says John Noseworthy, M.D., Mayo Clinic president and CEO. [...]

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Karl W Oestreich (@KarlWOestreich) posted · Fri, Nov 14 2014 · View  

Mayo Clinic Trustees Welcome New Board Member

Mary Sue Coleman, Ph.D.

Mary Sue Coleman, Ph.D.

JACKSONVILLE, Fla. — The Mayo Clinic Board of Trustees welcomed Mary Sue Coleman, Ph.D., as a new public member at its quarterly meeting today.

Dr. Coleman is president emeritus of the University of Michigan, (U-M) an institution she led for 12 years before retiring in July 2014. Time magazine named her one of the nation’s “10 best college presidents,” and the American Council on Education honored her with its Lifetime Achievement Award. She previously was president of the University of Iowa.

As University of Michigan president, Dr. Coleman unveiled several major initiatives designed to impact on future generations of students, the intellectual life of the campus, and society at large. The initiatives focused on the interdisciplinary richness of the U-M, student residential life, the economic vitality of the state and nation, global engagement and the value of innovation and creativity. President Obama chose Dr. Coleman to help launch the Advanced Manufacturing Partnership, a national effort bringing together industry, universities and the federal government.

Click here for a bio of Dr. Mary Sue Coleman.

MEDIA CONTACT: Karl Oestreich, Mayo Clinic Public Affairs, 507-284-5005, newsbureau@mayo.edu.

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Karl W Oestreich (@KarlWOestreich) posted · Fri, Aug 8 2014 · View  

Mayo Clinic Board of Trustees Names Gianrico Farrugia, M.D., Mayo Clinic Vice President and Chief Executive Officer of Mayo Clinic’s Campus in Jacksonville, Florida

Board Also Recognizes Four Recipients of Mayo Clinic Named Professorships

JACKSONVILLE, Fla., and ROCHESTER, Minn. — The Mayo Clinic Board of Trustees has named Gianrico Farrugia, M.D., Mayo Clinic vice president and chief executive officer of Mayo Clinic's campus in Jacksonville, Florida. Dr. Farrugia succeeds William Rupp, M.D., who will retire from Mayo Clinic at the end of 2014. The announcement was made today at the Mayo Clinic Board of Trustees quarterly meeting where the board also recognized four recipients of Mayo Clinic named professorships.

Soundbites of Dr. Noseworthy are available in the downloads box.

Dr. Gianrico Farrugia

Gianrico Farrugia, M.D.

“Dr. Farrugia brings a wealth of experience to his new role,” says John Noseworthy, M.D., Mayo Clinic president and chief executive officer. “He is a physician-leader who brings to this important role a deep commitment to Mayo’s values, mission and strategic vision, along with a passion to lead and equip teams to reach more patients and strengthen Mayo Clinic’s position as a global health care leader. He has a strong commitment to continuing Dr. Rupp’s legacy of involvement and leadership in the Jacksonville community.”

Dr. Farrugia has been with Mayo Clinic for more than 26 years as a physician in the Division of Gastroenterology and Hepatology and Division of Physiology and Biomedical Engineering at Mayo Clinic’s campus in Rochester, Minnesota. He is also a professor of medicine as well as physiology and biomedical engineering. Dr. Farrugia has served in numerous leadership roles at Mayo Clinic with multisite responsibilities, both in his specialty and at the organizational leadership level. He currently serves as director of the Mayo Clinic Center for Individualized Medicine and director of Mayo Clinic’s Enteric Neuroscience Program. He previously served as research chair of the Department of Medicine.

In his new role, Dr. Farrugia will work with Bob Brigham, chief administrative officer in Florida, to provide leadership and direction, defining and implementing Mayo Clinic’s operational plan and continuing to expand Mayo Clinic’s leadership and reach in the Southeast and beyond.
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