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ERIC Number: ED200177
Record Type: RIE
Publication Date: 1980-Nov
Pages: 97
Abstractor: N/A
Reference Count: 0
A Report on Medical School Recipients of Financial Distress Grants. Final Report, November 1980.
Cresap, McCormick, and Paget, Inc., Washington, DC.
Factors of success associated with eight medical school recipients of Financial Distress Grants from the Health Resources Administration were studied. "Factors of success" refers to the effectiveness of actions taken by the medical schools to improve their financial stability. (One school used the funds to maintain accreditation.) The nine medical schools receiving these grants between 1972-76 (one school was excluded from analysis because it is still receiving funding) are: Creighton University, George Washington University, Georgetown University, Meharry Medical College, New York Medical College, St. Louis University, Temple University, Tulane University, and the University of Nevada-Reno. The legislative background of the Financial Distress Grant Program is reviewed, and case studies are presented on each of the eight medical schools that were evaluated. To ensure anonymity, the schools are coded with letters. The actions that were instituted most often by the eight schools are identified. Revenue-producing actions were more commonly employed and had more impact on the financial performance of the schools than did cost-control measures. The actions taken by the medical schools were assessed as having either a major, moderate, minor, or no impact. At all of the eight schools, increases in tuition provided a major contribution to the operating budget of the school. Plans to increase the income provided to the school were a major and controllable funding source for six of the medical schools. The 10 actions that were most commonly taken or that had the greatest impact on financial performance are discussed individually, and charts that compare the actions taken by the schools (coded to ensure anonymity) and the impact of the actions are included. (SW)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Health Resources Administration (DHHS/PHS), Hyattsville, MD.
Authoring Institution: Cresap, McCormick, and Paget, Inc., Washington, DC.
Identifiers: Creighton University NE; Financial Distress Grants; George Washington University DC; Georgetown University DC; Institutional Vitality; Meharry Medical College TN; New York Medical College; Saint Louis University MO; Temple University PA; Tulane University LA; University of Nevada Reno
Note: For related document, see HE 013 668.