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Tables and Graphs Summarizing U.S. Medical School Revenues for FY2006

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 2006 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, jy@aamc.org, 202-828-0252.

FY2006 Medical School Financing Highlights

For FY2006, all data below are for the 125 LCME-accredited medical schools—75 public schools and 50 private schools.
Total revenues supporting the 125 medical schools were $70.6 billion in fiscal year 2006 which represents an increase of 6.3% from fiscal year 2005.
Of the $70.6 million in total medical school revenue, $42.8 billion (61%) was "recorded" on the books of the medical schools, while $27.8 billion (39%) was "not-recorded," that is received or borne by an entity other than the medical school such as an affiliated hospital and/or practice plan.
From FY2005 to FY2006, medical schools collectively reported double-digit growth in these revenue areas of significance: hospital purchased services and investments (18.6%) and tuition and fees (12.3%).
For the 75 public schools, the mean for total revenue was $444 million with the median $378 million. For the 50 private schools, the mean for total revenue was $747 million with the median $572 million.
Total faculty practice plan revenues were $26.4 billion, or 37.3% of all revenues.
The mean for faculty practice plan revenue for the 75 public schools was $146 million while the mean for the 50 private schools was more than double at $308 million.
Over half - 50.9% - of all medical school revenue is a combination of practice plan revenue ($26.4 billion) and hospital purchased services and investments ($9.6 billion).
In constant FY2004 dollars, total grants and contracts revenue increased 1.8% from FY2004 ($19.93 billion) to FY2005 ($20.29 billion in constant dollars) and declined 0.2% from FY2005 to FY2006 ($20.25 billion in constant dollars).
In constant FY2004 dollars, federal research grants and contracts direct revenue increased 2.6% from FY2004 ($9.90 billion) to FY2005 ($10.16 billion in constant dollars) and remained stable from FY2005 to FY2006 (0.3% increase to $10.20 billion in constant dollars), while federal research grants and contracts facilities and administrative costs also remained stable, barely increasing both from FY2004 to FY2005 (0.1%) and from FY2005 to FY2006 (0.4%).

Summary Tables

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2006

Nine Medical School Revenue Tables (PDF, 9 pages)

Table 1: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2006
Table 2: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, Public vs. Private, FY2006
Table 3: Recorded Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, Public vs. Private, FY2006
Table 4: Percent Change in All Revenues at All 125 Accredited U.S Medical Schools FY2005 vs. FY2006
Table 5: Percent Change in All Revenues at All 75 Accredited Public U.S. Medical Schools FY2005 vs. FY2006
Table 6: Percent Change in All Revenues at All 50 Accredited Private U.S. Medical Schools FY2005 vs. FY2006
Table 7: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools FY2004–FY2006
Table 8: Revenues Supporting Programs and Activities at All 75 Accredited Public U.S. Medical Schools FY2004–FY2006
Table 9: Revenues Supporting Programs and Activities at All 50 Accredited Private U.S. Medical Schools FY2004–FY2006

Graphs

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2006

Six Medical School Revenue Graphs (PDF, 6 pages)

Figure 1: Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2006
Figure 2: Recorded Revenues Supporting Programs and Activities at All 125 Accredited U.S. Medical Schools, FY2006
Figure 3: Revenues Supporting Programs and Activities at All 75 Public Accredited U.S. Medical Schools, FY2006
Figure 4: Recorded Revenues Supporting Programs and Activities at All 75 Public Accredited U.S. Medical Schools, FY2006
Figure 5: Revenues Supporting Programs and Activities at All 50 Private Accredited U.S. Medical Schools, FY2006
Figure 6: Recorded Revenues Supporting Programs and Activities at All 50 Private Accredited U.S. Medical Schools, FY2006

II. Percent Change in Revenue from FY2005 to FY2006

Percent Change in Revenue (PDF, 2 pages)

Figure 7: Percent Change in Revenue by Sources from FY05 to FY06 - All Schools
Figure 8: Percent Schools Reporting Revenue Decrease FY05 vs. FY06, 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 Research Grants and Contracts - Public Schools
Figure 14: Ten Year Trends of Average Federal Research Grants and Contracts - Private Schools

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