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Tables and Graphs Summarizing U.S. Medical School Revenues for FY2005

Financial Tables Archive

The following tables and graphs summarize data from the Liaison Committee on Medical Education (LCME) Part I-A Annual Medical School Financial Questionnaire (AFQ) administered by the AAMC. Fiscal Year 2005 is the most recent data covering all 125 accredited U.S. medical schools. Questions about the data or requests for additional comparative data can be directed to Jay Youngclaus, Manager, Medical School Research Services, at jy@aamc.org, 202-828-0252.

FY2005 Medical School Financing Highlights

For FY 2005, Tulane University School of Medicine was unable to file the AFQ due to hurricane damage. All statistics below are for 124 medical schools; 75 public schools, and 49 private schools.
Total revenues supporting the 124 medical schools amounted to $66.6 billion in FY 2005.
Of the $66.6 billion in total revenues, $41.2 billion (62%) was "recorded" on the book of the medical schools, while $25.4 billion (38%) was "not-recorded," that is received or borne by an entity other than the medical school.
Medical schools collectively reported double-digit growth in practice plan/medical service revenue (12.1%), and facilities and administrative expenditures related to non-federal grants and contracts (10.0%) between FY 2004 and FY 2005.
Aggregate state appropriations to medical schools increased by 3.9%; adjusted for inflation, this amounts to 0.5%.
The 75 public schools reported mean total revenues of $423 million; the median was $358 million. The 49 private schools reported mean total revenues of $711 million; the median was $590 million.
Total practice plan revenues were $24.8 billion, amounting to 37.3% of all revenues.
Mean practice plan revenues for public schools amounted to $141 million; mean revenues for 49 private schools was $290 million - more than double their public school counterparts.
Nearly half - 49.4% - of total medical school revenues is a combination of practice plan revenue ($24.8 billion) and hospital purchased services and investments ($8.1 billion).
In constant FY 2003 dollars, expenditures related to total grants & contracts increased 4.9% between FY 2003 and FY 2004, and 1.9% between FY 2004 and FY 2005.
In constant FY 2003 dollars, expenditures related to direct federal grants and contracts expenditures increased (8%) between FY 2003 and FY 2004; and (2.8%) between FY 2004 and FY 2005.
Expenditures related to federal facilities and administrative costs increased (9.7%) between FY 2003 and FY 2004; they showed a decline of (-0.2%) between FY 2004 and FY 2005.

Summary Tables

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2005

Nine Medical School Revenue Tables (PDF, 9 pages)

Table 1: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2005
Table 2: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, Public vs. Private, FY2005
Table 3: Recorded Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, Public vs. Private, FY2005
Table 4: Percent Change in All Revenues at All 125 Accredited U.S Medical Schools FY2004 vs. FY2005
Table 5: Percent Change in All Revenues at All 75 Accredited Public U.S. Medical Schools FY2004 vs. FY2005
Table 6: Percent Change in All Revenues at All 50 Accredited Private U.S. Medical Schools FY2004 vs. FY2005
Table 7: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools FY2003 — FY2005
Table 8: Revenues Supporting Programs and Activities at All 75 Accredited Public U.S. Medical Schools FY2003 — FY2005
Table 9: Revenues Supporting Programs and Activities at All 50 Accredited Private U.S. Medical Schools FY2003 — FY2005

Graphs

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2005

Six Medical School Revenue Graphs (PDF, 6 pages)

Figure 1: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2005
Figure 2: Recorded Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2005
Figure 3: Revenues Supporting Programs and Activities at All 75 Public Accredited U.S. Medical Schools, FY2005
Figure 4: Recorded Revenues Supporting Programs and Activities at All 75 Public Accredited U.S. Medical Schools, FY2005
Figure 5: Revenues Supporting Programs and Activities at All 50 Private Accredited U.S. Medical Schools, FY2005
Figure 6: Recorded Revenues Supporting Programs and Activities at All 50 Private Accredited U.S. Medical Schools, FY2005

II. Percent Change in Revenue from FY2004 to FY2005

Percent Change in Revenue (PDF, 2 pages)

Figure 7: Percent Changes in Revenue by Source from FY04 to FY05 - All Schools
Figure 8: Percent Schools Reporting Revenue Decrease FY04 vs. FY05, Constant Dollars

III. Ten Year Trends

Ten Year Trends (PDF, 6 pages)

Figure 9: Ten Year Trends of Average Total Revenue - Public Schools
Figure 10: Ten Year Trends of Average Total Revenue - Private Schools
Figure 11: Ten Year Trends of Average Practice Plan Revenue - Public Schools
Figure 12: Ten Year Trends of Average Practice Plan Revenue - Private Schools
Figure 13: Ten Year Trends of Average Federal Grants and Contracts (Direct) - Public Schools
Figure 14: Ten Year Trends of Average Federal Grants and Contracts (Direct) - Private Schools

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