Review of US medical school finances, 1993-1994
Article Abstract:
Total revenues for U.S. medical schools continue to climb. A financial review of the 126 medical schools shows that total revenues have increased 19% in three years, from $23,169 million in 1991-1992 to $27,509 million in 1993-1994. Revenues from grants and contracts from 1993-1994 increased 7% over the previous year, topping $8,411 million, or 30% of total revenues. Likewise, revenue from tuition increased almost 8% in 1993-1994 over the previous year. Private medical school funding is 35% more than the public school average, with private schools getting funds from sources such as endowments and gifts, grants and contracts, and tuition and fees. Public medical schools get 19% of their funding from state and local governments, while private schools gets only 1% from these sources. Medical students are borrowing more money for their education: in 1993-1994, the amount increased by $115 million, or close to 15%, over the previous year. The mean debt for medical school graduates increased to $63,434.
Publication Name: JAMA, The Journal of the American Medical Association
Subject: Health
ISSN: 0098-7484
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Review of US medical school finances, 1995-1996
Article Abstract:
An analysis of the finances of all 125 accredited US medical schools is presented. Total revenues exceeded $31 billion in the 1995-96 school year, up about 5% from the previous year after adjusting for inflation. Revenue from tuition and fees increased 4.4% after inflation and funding from state and local governments increased by 1.6% after inflation. Much of the growth comes from clinical revenues, since the number of full-time clinical faculty increased 6% that year. Federal research grant payments rose 6.2% after inflation. About one-fourth of clinical revenues comes from Medicare/Medicaid.
Publication Name: JAMA, The Journal of the American Medical Association
Subject: Health
ISSN: 0098-7484
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Review of US Medical School Finances, 1996-1997
Article Abstract:
Many medical schools are facing potential financial cutbacks unless they find other ways of raising revenue. Revenues of the 125 accredited US medical schools totalled $34,897 million in 1996-1997. Most of the money was derived from physician practices, grants and contracts, and hospital budgets. The revenue from physician practices has slowed during the 1990's. Federal revenues supporting research in medical schools have grown about 5% every year, but state and local appropriations have not kept up with inflation.
Publication Name: JAMA, The Journal of the American Medical Association
Subject: Health
ISSN: 0098-7484
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Nurses' detention powers and medical response to their use. Advancing nursing skill on medical admission units
- Abstracts: New policy puts some newborns at risk: Medical groups denounce Medicaid changes. No end in sight to nursing shortage
- Abstracts: Participation of international medical graduates in graduate medical education and hospital care for the poor