The Economics of Academic Medical Centers.
N Engl J Med. 2014 May 14;
Authors: Grover A, Slavin PL, Willson P
Most economists seem to view graduate medical education (GME) - training graduates of medical schools to become independently practicing physicians - as a stand-alone effort, without considering its relationship to other activities of major teaching hospitals within academic medical centers (AMCs). Payments with a GME label are often examined in isolation, rather than as part of the complex economics of AMCs, whose missions include training physicians, conducting groundbreaking research, providing a full spectrum of clinical care, and improving community health. The literature offers a variety of models to explain the economic behavior of hospitals, particularly not-for-profits - to clarify, for . . .
PMID: 24826948 [PubMed - as supplied by publisher]