The Mayo Clinic elects its new President and CEO
Renowned as one of the best hospitals in the US, with revenue of close to $12bn, non-profit organisation, The Mayo Clinic, has appointed Vice President and CEO of Mayo Clinic in Florida, Gianrico Farrugia, to succeed current leader Dr John Noseworthy upon his retirement at the end of the year.
The organisation has also recently completed a $3.76bn, eight-year philanthropic campaign, with total research and education funding surpassing $1bn in 2017. The organisation’s capital expenditures also reached $714mn, forming part of a multiyear plan to continue to invest in equipment, facilities and technology, including a new electronic health record and revenue cycle management system, network infrastructure and security upgrades.
Agreed by the Mayo Clinic Board of Trustees, Dr Noseworthy and Dr Farrugia will work closely together through this period of transition, as the clinic continues to provide exceptional care to over one million patients each year.
“We are deeply grateful for Dr Noseworthy’s outstanding patient-centered leadership and inspiration he provided over the past nine years,” says Samuel Di Piazza, chair, Mayo Clinic Board of Trustees.
“Mayo Clinic has had a tremendous track record under his leadership amidst unprecedented change in healthcare and is well-positioned for continued success as we make this transition.”
Dr Farrugia has been vice president, Mayo Clinic, and CEO of Mayo Clinic in Florida since January 2015, leading over 6,000 staff members. Since his appointment, Mayo Clinic's Florida campus has established itself as the destination medical centre for the Southeast.
There have been significant investments in people, technology and expansion, including the opening of the new 190,000-square-foot Harry T. Mangurian Jr. Building for patients seeking cancer, neurology and neurosurgical care. In 2017, Mayo Clinic was named the best hospital in Florida in U.S. News & World Report’s Best Hospitals Honor Roll.
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A native of Malta, Dr. Farrugia has spent 30 years as a Mayo physician, and is jointly appointed in the Division of Gastroenterology and Hepatology, Department of Internal Medicine, and the Department of Physiology and Biomedical Engineering.
“Dr Farrugia is a visionary and servant leader who brings with him a wealth of experience and knowledge ─ both as an innovator and an executive,” explained Dr Noseworthy. “In partnership with our staff across Mayo Clinic, and with a deep commitment to our values and mission, he will affirm Mayo Clinic’s position as the global health care leader for generations to come.”
With past experience as director of Mayo Clinic's Center for Individualized Medicine, which is responsible for bringing genomics into routine clinical care, Dr Farrugia also was also the co-founder of the Center for Innovation at Mayo Clinic.
A member of the Mayo Clinic Board of Trustees and Mayo Clinic Board of Governors, Dr Farrugia is also a professor of medicine and physiology and a faculty member in biomedical engineering at Mayo Clinic Graduate School of Biomedical Sciences. Dr. Farrugia completed his undergraduate training at St. Aloysius College, Birkirkara, Malta, and earned his medical degree from the University of Malta Medical School.
He is the co-author of Think Big, Start Small, Move Fast: A Blueprint for Transformation From the Mayo Clinic Center for Innovation, a book highlighting the need for change in the delivery of health care. He has published more than 250 articles on genomics and the treatment of disorders of gastrointestinal motility.
“Dr. Farrugia brings an impressive depth of experience to this role,” noted Di Piazza. “A prolific investigator and inventor, and an accomplished executive, he has been at the leading edge of innovation across the breadth of Mayo’s clinical and research mission.”
“I am humbled and proud to follow and build upon this success with the best staff in the world,” commented Dr Farrugia. “While sea change continues to sweep through health care, I look forward to harnessing innovation, a hallmark of Mayo Clinic, to transform health care for the benefit of patients everywhere.”
Zoom enters the healthcare market - a timeline
Since the pandemic began Zoom has become an integral part of daily life for people working from home, as well as a vital tool for families and friends to communicate. However it's also been eyeing up the healthcare space since 2017, and following the boom in telehealth the company has been rolling out additional services. Here we chart Zoom's move into healthcare.
2011 - 2013
Zoom is founded in San Jose, California, by Eric Yuan, formerly of Cisco. He got the idea to create a video calling platform from his visits to his girlfriend while he was a student, which would take 10 hours by train.
A beta version is released in 2012, which can host up to 15 participants. In 2013 this rises to 25. By mid-2013, Zoom has 1 million users.
2014 - 2017
Zoom attracts investors, including Sequoia Capital, Emergence and Horizon Ventures. By January 2017, Zoom has a series D funding worth $100 million.
2017 - 2019
Zoom for Telehealth launches, including an integration with EHR system Epic. It has cloud-based video, audio, and content sharing features, a "waiting room" for patients, and can easily be integrated into healthcare provider's workflows.
In 2019 Zoom goes public, with its IPO rising 72% in one day.
As a result of the pandemic, Zoom gains 2.2 million new users, more than in the whole of 2019. On the 23rd of March alone - the day the UK lockdown was announced - the platform was downloaded 2.13 million times around the world.
Share prices rise to around $150, and founder and chief executive Eric Yuan becomes one of the world's richest people, with an estimated net worth of $7.9 billion.
Early security issues are addressed by encrypting data with the Advanced Encryption Standard (AES). By now the the platform allows 99 people to be on a call simultaneously
New features launch, including Zoom Home and Zoom for Chats. Throughout the year the platform is used to replace most kinds of real life events: work meetings, online classrooms, church services and social events.
Renamed Zoom for Healthcare, users can share secured video, audio, and content through desktops, mobile phones, and conference devices. As well as Epic, it can be integrated with Strmr, IntakeQ, and Practice Better.
It can also be used with diagnostic cameras and other point-of-care devices, including digital stethoscopes.
In an interview with Korea Biomedical Review, Zoom Global Healthcare Lead Ron Emerson said: "Our service is not simply a virtual care and telemedicine platform but a multi-purpose platform that can satisfy the needs of healthcare institutions."
"It can be used for administrative tasks, including telemedicine, medical team meetings, recruitment, medical education, employee training, and disease prevention. Analysing electronic records managed by Zoom could provide meaningful insights into patient care."
Phoenix Children's Hospital, Belfast's Hospital Services Limited, Butler Health Services and the global Project ECHO are among Zoom for Healthcare's current customers.