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April 5, 2007

Academic medical centers' economic role cited

A report from the Association of American Medical Colleges (AAMC) reveals that academic medical centers in Pennsylvania continue to play a significant role in the state’s economy.

The report found that Pennsylvania ranks second in the nation when calculating the total economic impact of its academic health centers.

The study found that medical schools and teaching hospitals in Pennsylvania accounted for more than $35.6 billion in revenues and more than $1.5 billion in taxes for the state in 2005. They also accounted for more than 200,000 full-time jobs in 2005.

The report measures the financial contributions of the AAMC’s member institutions in the regions in which they are located and the nation as a whole.

Pitt’s School of Medicine and its affiliated hospitals at UPMC are among the six Pennsylvania AAMC-member institutions included in the report. Figures were not broken out by individual health care centers.

Overall, the study reports that the U.S. medical schools and teaching hospitals represented by the AAMC had a combined economic impact of more than $451 billion and were responsible for more than 3 million full-time jobs nationwide during 2005.

To access the report online, go to and click on “Publications.”

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