What sources do medical schools derive their revenue from?
Medical schools have several sources that contribute to their overall revenue stream. For example, below is a table and chart illustrating the breakdown of medical school revenues in 2001-2002.(6)
Revenue Source 2001-2002 Percentage (All Schools)
Practice Plans 36.0
Hospitals/Medical School Programs 12.5
Federal Appropriations 0.3
State and Local Government Appropriations 7.1
Parent University Support 0.6
Tuition and Fees 3.3 <<<<<============== wow! 3.3% Is that all? yikes!
Endowment 2.1
Gifts 2.4
Miscellaneous Sources 4.1
Total Grants and Contracts 31.7
Total Revenues 100.0