Worrisome Changes In Medical School Financing

This interesting report on medical school financing compares sources of income in 1960 vs. 2008. During this time, the number of US medical students doubled, full-time faculty increased by more than 10 fold, and revenues increased by nearly 20 fold. Overall government funding as a percentage of revenue went from 58% to 30% (federal research funding from 31% to 19%), while clinical service provision increased dramatically as a percentage of medical school revenues, from 6% to 52%. Tuition remains a minor contribution, declining from 6% to 3% of revenues. In the current economic climate, it is unlikely that any of the traditional sources of medical school revenues – research funding, state appropriations, clinical revenues, tuition, or philanthropic donations – will be increasing.
–Laura Willett, MD

Miller, JC, et al. Perspective: Follow the Money: The Implications of Medical Schools’ Funds Flow Models Academic Medicine Volume 87(12), December 2012, p 1746–1751

Link to Article

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