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

This post was written by:

defaultuser - who has written 23358 posts on Central Michigan Life.




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

(Sports)
Advertise Here
Advertise Here

Facebook

Overheard @ CMU

Hear something funny on campus? Want to share it with other readers? Click here to fill out the form! We will select our favorite entries for publishing on Page A2 of our print edition.

What We're Reading

Advertising Age

Consumers Trust Their Friends Less

Brian Manzullo: People need to hear/see things in multiple places in order to "believe" it. This story says five, but even two could work.  
Mashable

World’s Longest-Married Couple to Answer Your Romantic Queries Via Twitte

David Veselenak: Who says you can teach an old dog new tricks?They've been married since 1924, which makes it 86 years.  
Read Write Web

5 Reasons to Wait for iPad 2.0

Brian Manzullo: This is how Apple works - iPod and iPhone were flawed when they first came out. Wait for 2nd or 3rd gen iPad and you won't be sorry.  

See more recommended links!

Text Alerts

Phone number

Carrier

*Standard text messaging rates may apply from your carrier*