Ethan Rhodes
Cleveland Clinic is a non-profit, multi-specialty academic medical centre with a focus on research and education. It was founded in 1921 and has since grown to become one of the world's largest and best healthcare systems, with 23 hospitals and 280 outpatient facilities worldwide. The organisation has a strong reputation for its expertise and care, and its contributions to medical breakthroughs and innovations. With a commitment to patient care and community benefit, Cleveland Clinic has also faced scrutiny for its financial performance and community spending.
| Characteristics | Values |
|---|---|
| Type of Hospital | Nonprofit multispecialty academic medical center |
| Number of Hospitals | 23 |
| Number of Outpatient Facilities | 280 |
| Number of Employees | 82,608 |
| Number of Residents and Fellows | 1,974 |
| Number of Training Programs | 104 |
| Research Space | 650,000 square feet |
| Number of Scientists and Support Personnel | 1,200+ |
| Number of Locations | 300+ |
| Number of Admissions | 332,991 |
| Number of Patient Visits | 15.96 million |
| Operating Revenue in 2023 | $14.5 billion |
| Operating Income in 2023 | $64.3 million |
| Net Income in 2023 | $911 million |
| Operating Revenue in 2024 | $15.94 billion |
| Operating Income in 2024 | $276 million |
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What You'll Learn
Cleveland Clinic is a non-profit hospital
Cleveland Clinic has been at the forefront of modern medicine since its inception, introducing numerous medical breakthroughs over the past century. These include the discovery of serotonin in 1948, pioneering "stopped heart" surgery in 1956, and performing the first successful larynx transplant in 1998. The hospital continues to focus on research and innovation, offering patients access to a wide range of clinical trials and advanced treatment options.
As a non-profit entity, Cleveland Clinic receives tax breaks and is committed to investing in and giving back to the communities it serves. It has been criticized for not doing enough in this regard, with reports suggesting that its community spending falls short of the tax breaks it receives. However, the hospital has defended its record, citing its investments in mixed-income housing, grocery stores, and lead-testing and remediation efforts in the local area.
Cleveland Clinic's financial performance has shown growth, with an 11.4% year-over-year increase in operating revenue in 2023, resulting in a net income of $911 million. The hospital has also experienced growth in patient volumes, with increases in inpatient admissions and outpatient visits, as well as surgical volumes.
Cleveland Clinic's mission remains focused on "caring for life, researching for health, and educating those who serve," striving to provide world-class care to every patient.
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It is one of the world's largest and best healthcare systems
Cleveland Clinic is a non-profit, multi-specialty academic medical centre that integrates clinical and hospital care with research and education. It is one of the world's largest and best healthcare systems, with 82,608 caregivers, 23 hospitals, and 280 outpatient facilities worldwide. Newsweek named Cleveland Clinic the No. 2 hospital in the world for the fifth straight year in its "World's Best Hospitals 2023" report. Cleveland Clinic Abu Dhabi, Fairview Hospital, and Weston Hospital were also recognised as being among the top 250 hospitals out of more than 2,300 hospitals worldwide.
Cleveland Clinic has a rich history of innovation and excellence in patient care. Since its founding in 1921, Cleveland Clinic has introduced numerous medical breakthroughs, including the discovery of serotonin, pioneering "stopped heart" surgery, and the development of coronary angiography. Their focus on research is evident through their large and dynamic research institutes, with over 650,000 square feet of research space and more than 1,200 scientists and support staff dedicated to unravelling the mysteries of diseases.
The organisation is committed to training and educating future caregivers. They offer one of the nation's largest physician-graduate training programs, attracting doctors from around the world for residency training in various specialty areas. Additionally, they have established the Cleveland Clinic Lerner College of Medicine in partnership with Case Western Reserve University, providing an innovative program that mentors medical students to become physician-scientists.
Cleveland Clinic's impact extends beyond its walls. They have contributed significantly to the regional economy of Cleveland and the statewide economy. The organisation also invests in community development projects, such as mixed-income apartments, grocery stores, and initiatives to improve access to healthy food for Cleveland residents.
With its extensive network, cutting-edge research, and dedication to education, Cleveland Clinic continues to be a leader in healthcare, committed to providing advanced, high-quality, compassionate care to millions of patients annually.
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It has a focus on research and education
The Cleveland Clinic is a non-profit multispecialty academic medical centre that integrates clinical and hospital care with research and education. Since its founding in 1921, research and education have been integral to the hospital's mission.
Cleveland Clinic has large and busy research and education institutes. The founders believed that these activities were cornerstones of excellence in patient care. Their vision has made possible dramatic advances in the diagnosis and treatment of complex medical problems.
Cleveland Clinic's research focuses on the characterisation, diagnosis, and treatment of a broad spectrum of diseases and conditions. Lab-based and translational researchers work to uncover novel biological pathways that contribute to a host of diseases, including cancer, cardiovascular and metabolic diseases, brain and eye diseases, and diseases of the inflammation and immune systems. The hospital's researchers are leaders in growing fields that are transforming the way medicine is delivered, including precision medicine, genomics, population health, and immuno-oncology.
Cleveland Clinic sponsors one of the nation's largest physician-graduate training programs. Doctors from around the world come to Cleveland Clinic for residency training in one of many specialty areas and for advanced fellowship work in more specialized disciplines. The hospital also offers post-secondary training programs for a variety of learners, including certifications, associate degrees, and post-graduate training.
In partnership with the State of Ohio and JobsOhio, Cleveland Clinic has launched the Global Center for Pathogen Research & Human Health to study present and future pandemic threats and to develop novel diagnostic tests, vaccines, and treatments. The center will expand upon Cleveland Clinic’s existing programs and expertise in immunological research, with newly recruited world leaders in immunology and pathogen research, as well as technology development and education.
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Cleveland Clinic's main campus has a large gap between tax breaks and community benefits
Cleveland Clinic is a non-profit multispecialty academic medical centre that combines clinical and hospital care with research and education. It is one of the world's largest and best healthcare systems, with 82,608 caregivers, 23 hospitals, and 280 outpatient facilities worldwide.
Cleveland Clinic's main campus has been criticised for its community spending compared to its tax breaks. According to a report by the Lown Institute, a national think tank, the main campus ranked fifth among US hospitals with the worst community spending. The report calculated that the clinic had a $207 million deficit in property tax benefits compared to its spending on community benefits such as charity care and health screenings.
The Lown Institute's Fair Share report targets nonprofit health systems that do not provide meaningful community benefits in exchange for substantial tax breaks. The report found that 80% of nonprofit hospitals nationally give back too little. The institute estimated tax breaks given to nonprofit hospitals and compared that to their financial assistance and community health programs.
Cleveland Clinic disputed the report, stating that it provides community benefits in the form of research, education, and Medicaid, which the Lown Institute does not recognise. They also criticised the report for excluding categories of community benefit that directly impact community health. In 2023, the clinic contributed $1.46 billion in community benefit across its operations in Ohio, Florida, and Nevada, including $261 million spent on free or discounted medically necessary care.
Some community members feel that large medical systems like Cleveland Clinic should do more to support community health. For instance, Chris Ronayne, a candidate for county executive in 2022, proposed the creation of a Community Health Equity Fund, which private hospitals would pay into, to help provide residents with more transportation options to appointments and improve mental and physical health services.
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It has been ranked among the top hospitals in the world
Cleveland Clinic is a non-profit multispecialty academic medical centre that integrates clinical and hospital care with research and education. It has been consistently recognised in the U.S. and throughout the world for its expertise and care. The clinic has pioneered many medical breakthroughs, including the first face transplant in the United States, the discovery of serotonin, and the development of coronary angiography to reveal artery blockages.
Cleveland Clinic has been ranked among the top hospitals in the world by several organisations and publications. Notably, it was named the No. 2 hospital in the world for six consecutive years by Newsweek in its "World's Best Hospitals" report. This ranking is based on four data sources: online surveys of medical experts, patient experience surveys, hospital quality metrics, and patient-reported outcome measures. Cleveland Clinic Abu Dhabi and Cleveland Clinic Fairview have also consistently ranked among the Top 250 hospitals worldwide.
In addition to its overall ranking, Cleveland Clinic has been recognised for its excellence in specific specialties. In 2024, Newsweek named it the World's Best Smart Hospital and one of the World's Best Specialized Hospitals, ranking first in the world for urology. Cleveland Clinic placed in the top 5 in eight specialties and in the top 10 in ten specialties, including cardiac surgery, cardiology, gastroenterology, neurosurgery, neurology, obstetrics and gynecology, pulmonology, endocrinology, orthopedics, oncology, and pediatrics.
The clinic's high rankings are a testament to its commitment to providing outstanding patient care, conducting innovative research, and educating the next generation of healthcare professionals. With its large and busy research institutes, Cleveland Clinic sponsors one of the nation's largest physician-graduate training programs, attracting doctors from around the world. Through its partnership with Case Western Reserve University, the Cleveland Clinic Lerner College of Medicine offers a unique educational program that mentors medical students to become physician-scientists.
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Frequently asked questions
Yes, Cleveland Clinic is a non-profit multi-specialty academic medical center.
Cleveland Clinic's mission is "caring for life, researching for health, and educating those who serve."
Cleveland Clinic reported a net income of $911 million in 2023, a turnaround from a $211.3 million operating loss in 2022. Its operating revenue was $14.5 billion in 2023, a year-over-year increase of 11.4%.
Cleveland Clinic has been criticized for not giving back enough to the community, with a reported ""fair share deficit" of $212 million in 2021. However, the hospital has highlighted its recent investments in the community, including mixed-income housing, food access initiatives, and contributions to lead-testing and remediation efforts.
