aamc.org does not support this web browser. Learn more about the browsers we support.
Hero

U.S. Medical School Revenues

New section

DATA CONTACTS
Contact U.S. Medical School Revenues
Request AAMC Data

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 (FY) 2020 is the most recent data covering 142 fully accredited U.S. medical schools.

New for FY 2020 data is Table 1A Revenues Supporting Programs and Activities at All LCME Accredited U.S. Medical Schools. LCME-accredited U.S. medical schools are those with preliminary, provisional or full accreditation.

Like FY 2019, the FY 2020 Summary Tables display Federal Appropriations combined with State, Local, and Parent University Support. This approach matches the approach used to create the FY 2019 Graphs and reflects the often times commingled nature of the Government and Parent University Appropriations. Questions about the data or requests for additional comparative data can be directed to Diana Tung, Research and Data Analyst, Data Operations and Services at afq@aamc.org.

FY 2020 Medical School Financing Highlights

  • In the the new Table 1A, the data are based on the 155 LCME-accredited medical schools in FY 2020. In the remaining tables and graphs, the data are based on the 142 fully accredited medical schools in FY 2020.
  • Total revenues supporting the 142 fully accredited U.S. medical schools were $155.3 billion in FY 2020, which represents an increase of 4.4% from FY 2019. Total revenues supporting the 155 U.S. accredited medical schools were $156.3 billion in FY 2020, which represents an increase of 4.5% from FY 2019.
  • Of the $155.3 billion in total medical school revenue for fully accredited U.S. medical schools, $86.5 billion (55.7%) was "recorded" on the books of the medical schools, while $68.8 billion (44.3%) was "not-recorded" (received or borne by an entity other than the medical school such as an affiliated hospital or practice plan). Of the $156.2 billion in total medical school revenue for all LCME accredited U.S. medical schools, $87.0 billion (55.7%) was "recorded" on the books of the medical schools, while $69.2 billion (44.3%) was "not-recorded" (received or borne by an entity other than the medical school such as an affiliated hospital or practice plan).
  • Total federal research grants and contracts supporting the 142 fully accredited U.S. medical schools were $6.2 billion in FY 2020, which represents an increase of 5.1% from FY 2019. Total federal research grants and contracts direct costs were $1.9 billion in FY 2020, which represents an increase of 15.6% from FY 2019. Total federal research grants and contracts facilities and Administrative/Indirect costs were $12.6 billion in FY 2020, which represents an increase of 2.4% from FY 2019.

Summary Tables

I. Revenue of U.S. Medical Schools by Source, Fiscal Year 2020 (Excel)

  • Table 1: Revenues Supporting Programs and Activities at Fully Accredited U.S. Medical Schools, FY 2020
  • Table 2: Revenues Supporting Programs and Activities at Fully Accredited U.S. Medical Schools, Public vs. Private, FY 2020
  • Table 3: Percent Change in All Revenues at Fully Accredited U.S. Medical Schools FY 2019 vs. FY 2020
  • Table 4: Percent Change in All Revenues at Fully Accredited Public U.S. Medical Schools FY 2019 vs. FY 2020
  • Table 5: Percent Change in All Revenues at Fully Accredited Private U.S. Medical Schools FY 2019 vs. FY 2020
  • Table 6: Revenues Supporting Programs and Activities at Fully Accredited U.S. Medical Schools FY 2018–FY 2020
  • Table 7: Revenues Supporting Programs and Activities at Fully Accredited Public U.S. Medical Schools FY 2018–FY 2020
  • Table 8: Revenues Supporting Programs and Activities at Fully Accredited Private U.S. Medical Schools FY 2018–FY 2020

II. Revenues Supporting Programs and Activities at All LCME Accredited U.S. Medical Schools, FY 2020 (Excel)

  • Table 1A: Revenues Supporting Programs and Activities at All LCME Accredited U.S. Medical Schools, FY 2020

Graphs

I. Revenue of U.S. Medical Schools by Source, Fiscal Year 2020

  • Figure 1: Total and Recorded Revenues Supporting Programs and Activities at All 141 Fully Accredited U.S. Medical Schools, FY 2020
  • Figure 2: Total Revenues Supporting Programs and Activities at All 141 Fully Accredited U.S. Medical Schools, Public vs. Private, FY 2020

II. Percent Change in Revenue, FY 2019 to FY 2020

  • Figure 3: Percent Change in Revenue by Source, FY 2019 to FY 2020 - All Fully Accredited U.S. Medical Schools
  • Figure 4: Percent of All Fully Accredited Medical Schools Reporting Revenue Decrease, FY 2019 to FY 2020, Constant Dollars

III. Ten-Year Trends, FY 2011 to FY 2020

  • Figure 5: Ten-Year Trends of Average Total Revenue - Public Schools vs. Private Schools
  • Figure 6: Ten-Year Trends of Average Practice Plan Revenue - Public Schools vs. Private Schools
  • Figure 7: Ten-Year Trends of Average Federal Research Grants and Contracts Revenue - Public Schools vs. Private Schools

IV. Revenue by Source, FY 1977 through FY 2020

  • Figure 8: Revenue by Source for Medical Schools with Full Accreditation, FY 1977 through FY 2020
  • Figure 9: Revenue by Source as a Percentage of Total Revenue for Medical Schools with Full Accreditation, FY 1977 through FY 2020

New section

New section

New section

DATA CONTACTS
Contact U.S. Medical School Revenues
Request AAMC Data

New section

New section