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AMCs: medical school revenues and flow of funds

Between 1960 and 2009, the number of medical schools has increased from 86 to 126, a nearly 50 percent increase.  During the same period, the number of medical students has grown from about 30,000 to over 76,000, a 251 percent increase.  This article discusses medical school revenues, and how funds flow between the component parts of an academic medical center — the medical school, the affiliated teaching hospitals, the parent university.  Included in this article is a pie chart showing US medical school annual revenues in dollars for 2007-2008.  This chart shows that the three largest sources of revenue (by far) were, in this order, faculty practice plans, grants/contracts, and hospital/medical school programs.

What I like about this article: 1. Authoritative source (the authors are high-level execs at AMCs); 2. Nice succinct overview of important concepts; 3.) It’s about reimbursement; 4.) It has national data in it.

Source: Miller, J.C., and others.  Follow the money: the implications of medical schools’ funds flow models.  Academic Medicine;87(12):1746-1751, Dec. 2012.  Click here for publisher’s website: http://journals.lww.com/academicmedicine/Fulltext/2012/12000/Perspective___Follow_the_Money___The_Implications.27.aspx  Posted by AHA Resource Center, (312) 422-2050, rc@aha.org

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