Staff Report | Editorial

The price of medicine

Medical schools are expensive.

The university has not denied this.

Yet, all the public has received are snippets of the cost – $15 million for expansions to the Health Professions Building, for example.

CMU should seek to release a total cost estimate by the end of the summer. It’s essential so that the public understands fully the commitment the university is getting into.

As University President Michael Rao noted during his interview Friday with Central Michigan Life, the school’s total price tag still is very much up in the air, depending on medical partnerships and other curricular plans.

This all is understandable. The university should not release obviously inaccurate estimates.

But Rao stated both that the search for an interim medical school dean is going well, and that partnerships are being pursued fruitfully.

The dean can work right away on accreditation matters and curriculum; the partnership largely will determine facilities. Such progress indicates the university is nearing a much clearer picture of its future medical school: its facilities, curriculum and needs.

Granting the university’s current pace, it is reasonable to expect administrators and trustees to release a plausible price tag encompassing all estimated costs. Again, an estimate need not be a precise figure; it should express only a range of expected costs.

Considering the school’s future will have come into much sharper focus, it’s challenging to deny that the Board of Trustees and administrators will not have such an estimate for themselves.

Right now, the public is very much in the dark, and many are concerned about the medical school’s total price tag. After all, the median salary for an associate professor of medicine was just more than $100,000, according to salary.com. Personnel costs alone will be steep, as will equipment needs.

As a public institution, CMU has a commitment to making clear why its resources are going toward particular purposes. And it can do this only by indicating how much of its money is going toward a particular project.

The university also could use the opportunity to allay public concern about financial strain. A funding estimate should include proposed funding sources, including fundraising goals.

A rough figure also would help potential donors understand the need for their commitment.

For now, however, the medical school’s plans remain only a rough sketch.

As soon as possible, the public deserves a crisper picture: a clear idea of what the university is getting into.

E-mail the author: defaultuser

Leave a Reply

Central Michigan Life encourages those who wish to leave comments, questions or feedback to do so here. Any posts with profanity, excessive defamation or other questionable language are subject to removal at the discretion of CM Life. Direct all questions regarding this policy to the Editor in Chief.

Follow Us

Advertise Here
Advertise Here

Facebook

What We're Reading

Philadelphia Inquirer

College students arrested for not paying tip

Brian Manzullo: Headline says it all. "You can't give us terrible, terrible service and expect a tip."  
TechCrunch

Paul Carr Debates Jeff Jarvis About So-Called Citizen Journalists

Brian Manzullo: A debate on citizen journalism after the coverage from Fort Hood. Real good listen.  
The New York Times

Prosecutors Turn Tables on Student Journalists - NYTimes.com

David Veselenak: A class that has real-world implications is facing real-world problems. Lawyers for a man convicted from the work of the Medill Innocence Project at Northwestern University are asking for the syllabus, grades and e-mail messages between the students.  

See more recommended links!

  • Popular
  • Latest
  • Comments
  • Tags
  • Subscribe

Text Alerts

Phone number

Carrier

*Standard text messaging rates may apply from your carrier*