MAYO CLINIC GROUP RETURN

Shared services (see schedule o)shared servicesas part of its exempt function, one of the subordinate organizations (mayo foundation for medical education and research) facilitates efforts and shared services on behalf of and for the benefit of mayo clinic and its affiliates. Certain services are centralized within the subordinate organization and include finance, human resources, legal, public affairs, supply chain, information technology and various other services. Certain costs related to providing these shared services are allocated out or charged to the affiliates. Facilitating these efforts and services allows mayo clinic and its affiliates to better conduct their exempt functions by reducing costs, having standardized practices and procedures, and creating economies of scale.

Health professional educationmayo clinic's investments in education inform and empower physicians, researchers, medical professionals, patients, students, and communities to improve public health and well-being, along with preparing the next generation of health care professionals to provide outstanding, compassionate care to patients worldwide. The educational activities of mayo clinic are centered in the mayo clinic college of medicine and science which consists of five schools:- mayo clinic alix school of medicine- mayo clinic school of graduate medical education- mayo clinic graduate school of biomedical sciences- mayo clinic school of health sciences- mayo clinic school of continuous professional developmentmayo clinic, as an affiliated group, offers educational programs and training opportunities on its campuses in rochester, minnesota; scottsdale/phoenix, arizona; and jacksonville, florida and several of the health system sites in minnesota and wisconsin. In affiliation with the mayo clinic college of medicine, the subordinates offer physician residency programs and fellowships in many medical and surgical specialties, training programs for allied health personnel and on-going education for physicians and other health care professionals.many of the students educated through the mayo clinic college of medicine to sustain mayo's unique style of care and prepare the next generation of caregivers would have received some of their education at the subordinate's locations in phoenix/scottsdale, arizona; jacksonville, florida and the health system sites in minnesota and wisconsin.in addition, many of the subordinates have agreements with universities, colleges, and other educational organizations to provide formal education and experience for students studying to become health care professionals.royalties some subordinates within the group make the research and technology developed throughout mayo clinic available to the public. This is accomplished through licensing arrangements with others having the capability to distribute the technology to the medical community and the general public. In exchange for these licenses, the subordinates receive royalties based on gross revenues generated from the products developed from the licensed technology or invention.