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Stanford Medicine

Medical Schools

Academic medical centers bring billions to the economy

A recently released Association of American Medical Colleges report shows that academic medical centers are pretty big players in the economy. The report found that the country’s 131 accredited medical schools and nearly 400 major teaching hospitals provided 3.3 million jobs and pumped $512 billion into national and local economies in 2008. In California, academic medical centers, including Stanford, were responsible for more than 234,000 jobs and an economic impact of more than $41 billion.

The report can be downloaded for free here, and I wrote more about the findings in the current issue of Inside Stanford Medicine.

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