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2002-2003 Financial Tables on U.S. Medical Schools

Financial Tables Archive

The following tables and graphs summarize data from the LCME Part IA Annual Financial Questionnaire administered by the Division of Medical School Services and Studies (DMSSS) at AAMC. The latest data are for fiscal year 2003 on all accredited U.S. medical schools. Questions about the data or requests for additional comparative data for medical schools should be directed to Jay Youngclaus, Manager, Medical School Research Services, jy@aamc.org, (202) 828-0252.

Highlights of Medical School Financing in 2003

Total revenues supporting the 125 accredited allopathic medical schools amounted to $56.9 billion in fiscal year 2003. This reflects an increase of 8% from fiscal year 2002.
Between FY 2002 and FY 2003, medical schools reported double-digit growth in the following revenue sources: federal grants and contracts (13.9%), federal appropriations (20.1%), and parent university support (18.1%).
Aggregate state appropriations to medical schools decreased by 1.2%.
Public medical schools reported median total revenues of $314.8 million; private schools, $456.3 million.
Expenditures by medical school affiliates related to medical school programs amounted to $21 billion, comprising 36% of total expenditures.
Total faculty practice plan revenues amounted to $20 billion, accounting for 35.9% of the total revenues supporting medical school programs.
Private schools reported median faculty practice plan revenues of $147.5 million; the median for public schools was $102.5 million.
The combined revenues from practice plans ($20 billion) and hospital support ($6.9 billion) amounted to 48% of the total revenues supporting medical school programs.
Endowment income increased 6.8 % between FY 2002 and FY 2003. This compares with a 13.9% increase between FY 2001 and FY 2002.
Public schools' tuition and fee revenues increased 11.2 % between FY 2002 and FY 2003. This compares with an 11.5% increase from FY 2001 and FY 2002.

Summary Tables

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2002-2003

Table 1: Revenues Supporting Programs and Activities at All U.S. Medical Schools, 2002-2003 Fiscal Year (PDF, 1 page - 63 KB)
Table 2: Revenues Supporting Programs and Activities at All U.S. Public and Private Schools, 2002-2003 Fiscal Year (PDF, 1 page - 65 KB)
Table 2a: Recorded Revenues Supporting Programs and Activities at All U.S. Public and Private Schools, 2002-2003 Fiscal Year (PDF, 1 page - 74 KB)

II. Growth of U.S. Medical Schools Revenue between Fiscal Year 2002 and 2003

Table 3: Percent Change of Revenues from FY02 to FY03 — All Schools (PDF, 1 page - 88 KB)
Table 4: Percent Change of Revenues from FY02 to FY03 — Public Schools (PDF, 1 page - 88 KB)
Table 5: Percent Change of Revenues from FY02 to FY03 — Private Schools (PDF, 1 page - 89 KB)

III. Revenue of U.S. Medical Schools by Sources, Fiscal Years 1999-2000, 2000-2001, 2001-2002, 2002-2003

Table 6: Revenues Supporting Programs and Activities FY01-FY03 — All Schools (PDF, 1 page - 86 KB)
Table 7: Revenues Supporting Programs and Activities FY01-FY03 — Public Schools (PDF, 1 page - 86 KB)
Table 8: Revenues Supporting Programs and Activities FY01-FY03 — Private Schools (PDF, 1 page - 86 KB)

Graphs

I. U.S. Medical School Revenue, 2003

Figure 1: Medical School Revenue, 2003, All Schools (PDF, 1 page - 78 KB)
Figure 1a: Medical School Revenue — Recorded, 2003, All Schools (PDF, 1 page - 78 KB)
Figure 2: Medical School Revenue, 2003, Public Schools (PDF, 1 page - 78 KB)
Figure 2a: Medical School Revenue — Recorded, 2003, Public Schools (PDF, 1 page - 78 KB)
Figure 3: Medical School Revenue, 2003, Private Schools (PDF, 1 page - 78 KB)
Figure 3a: Medical School Revenue, 2003 — Recorded, Private Schools (PDF, 1 page - 78 KB)

II. Percent Change in Revenue from FY02 to FY03

Figure 4: Percent Changes in Revenue by Source from FY02 to FY03 — All Schools (PDF, 1 page - 98 KB)
Figure 5: Percent Schools Reporting Negative Change in Revenue (Constant $) from FY02 to FY03 (PDF, 1 page - 91 KB)

III. 10-Year Trends of Total Revenue

Figure 6: 10-Year Trends of Average Total Revenue — Public Schools (PDF, 1 page - 78 KB)
Figure 7: 10-Year Trends of Average Total Revenue — Private Schools (PDF, 1 page - 93 KB)

IV. 10-Year Trends of Practice Plan Revenue

Figure 8: 10-Year Trends of Average Practice Plan Revenue — Public Schools (PDF, 1 page - 77 KB)
Figure 9: 10-Year Trends of Average Practice Plan Revenue — Private Schools (PD, 1 page - 94 KB)

V. 10-Year Trends of Federal Grants and Contracts (Direct)

Figure 10: 10-Year Trends of Average Federal Grants and Contracts (Direct) — Public Schools (PDF, 1 page - 78 KB)
Figure 11: 10-Year Trends of Average Federal Grants and Contracts (Direct) — Private Schools (PDF, 1 page - 77 KB)

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