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The financial status of departments of family medicine at US medical schools.
Fam Med. 2001 Mar; 33(3):166-70.FM

Abstract

BACKGROUND

This report examined the financial health of departments of family medicine in US allopathic medical schools.

METHODS

We conducted a survey of departments of family medicine at US medical schools, using academic year 1997-1998 as the index year. A total of 52 (46%) of medical schools that have a department of family medicine responded to the survey. The survey examined sources of revenue and categories of expenditures. Analysis assessed the overall financial status of departments at that period of time.

RESULTS

Responding departments of family medicine received 32% of their funding from state or university sources and an additional 32% of funding from clinical services. Grants and hospital support comprised another 17% each. Departments in public institutions received higher levels of support from hospitals (22% of revenue versus 8% for private schools). The overall balance sheets for departments of family medicine showed that 56% of departments have financial reserves, while 19% had no reserves but no debt. Twenty-five percent of all departments were in debt, including 2% with debt exceeding $1 million.

CONCLUSIONS

The majority of departments of family medicine remain fiscally healthy, but these departments are dependent on funds from state and medical school sources. A substantial proportion of departments are in debt. Lower levels of grant support and the difficulty in increasing clinical revenue may create future funding problems for primary care faculty as medical schools increase dependence on these sources of income.

Authors+Show Affiliations

Department of Family Medicine, Medical University of South Carolina, Charleston 29425, USA. huestowj@musc.eduNo affiliation info availableNo affiliation info available

Pub Type(s)

Journal Article
Research Support, U.S. Gov't, P.H.S.

Language

eng

PubMed ID

11302507

Citation

Hueston, W J., et al. "The Financial Status of Departments of Family Medicine at US Medical Schools." Family Medicine, vol. 33, no. 3, 2001, pp. 166-70.
Hueston WJ, Mainous AG, Ye X. The financial status of departments of family medicine at US medical schools. Fam Med. 2001;33(3):166-70.
Hueston, W. J., Mainous, A. G., & Ye, X. (2001). The financial status of departments of family medicine at US medical schools. Family Medicine, 33(3), 166-70.
Hueston WJ, Mainous AG, Ye X. The Financial Status of Departments of Family Medicine at US Medical Schools. Fam Med. 2001;33(3):166-70. PubMed PMID: 11302507.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - The financial status of departments of family medicine at US medical schools. AU - Hueston,W J, AU - Mainous,A G,3rd AU - Ye,X, PY - 2001/4/17/pubmed PY - 2001/7/6/medline PY - 2001/4/17/entrez SP - 166 EP - 70 JF - Family medicine JO - Fam Med VL - 33 IS - 3 N2 - BACKGROUND: This report examined the financial health of departments of family medicine in US allopathic medical schools. METHODS: We conducted a survey of departments of family medicine at US medical schools, using academic year 1997-1998 as the index year. A total of 52 (46%) of medical schools that have a department of family medicine responded to the survey. The survey examined sources of revenue and categories of expenditures. Analysis assessed the overall financial status of departments at that period of time. RESULTS: Responding departments of family medicine received 32% of their funding from state or university sources and an additional 32% of funding from clinical services. Grants and hospital support comprised another 17% each. Departments in public institutions received higher levels of support from hospitals (22% of revenue versus 8% for private schools). The overall balance sheets for departments of family medicine showed that 56% of departments have financial reserves, while 19% had no reserves but no debt. Twenty-five percent of all departments were in debt, including 2% with debt exceeding $1 million. CONCLUSIONS: The majority of departments of family medicine remain fiscally healthy, but these departments are dependent on funds from state and medical school sources. A substantial proportion of departments are in debt. Lower levels of grant support and the difficulty in increasing clinical revenue may create future funding problems for primary care faculty as medical schools increase dependence on these sources of income. SN - 0742-3225 UR - https://www.unboundmedicine.com/medline/citation/11302507/The_financial_status_of_departments_of_family_medicine_at_US_medical_schools_ DB - PRIME DP - Unbound Medicine ER -