September 3, 1997

Review of US Medical School Finances, 1995-1996

Author Affiliations

From the Section for Operational Studies, Association of American Medical Colleges, Washington, DC.

JAMA. 1997;278(9):755-760. doi:10.1001/jama.1997.03550090079037

For the 1995-1996 fiscal year, all 125 accredited US medical schools responded to the annual medical school questionnaire of the Liaison Committee on Medical Education, part l-A. Using data from the financial portion of the questionnaire, we identify patterns of financing medical education during the past 3 years and the practice plan arrangements adopted by medical schools, including their organizational and legal structures. This financial review details differences in how public and private medical schools are being funded and funding changes during the past 3 years. The reported data show that revenues supporting medical school programs and activities totaled more than $31 billion in 1995-1996, an increase of 5.4% in inflation-adjusted dollars during the previous year. Compared with the previous year, revenues, in current and constant dollars, increased in almost every category in 1995-1996.