The University of Kansas School of Medicine's Wichita campus has an annual regional economic impact of $49.7 million, according to a new study by the Center for Economic Development and Business Research at Wichita State University.
The study took into account the school's 108 medical students, its 18 master's degree students in public health, and its 260 employees; the Wichita Center for Graduate Medical Education and its 263 residents and six administrative employees; the Medical Practice Association and its 72 employees; and the Clinical Research Institute's 63 employees.
A similar study by the WSU center in 2004 showed the medical school generating $35.6 million in earnings.
The economic impact of KU operations in Wichita will increase in coming years with the addition of the KU School of Pharmacy-Wichita and 80 pharmacy students, who will be admitted beginning in fall 2011. And plans are to expand the medical school class from 110 third- and fourth-year students to a full, four-year campus with up to 250 students by 2015.
The school makes an impact in Wichita beyond educating current students and residents: A recent study of Sedgwick County physicians found that about half were graduates of the school or its residency programs.
"This is a very sophisticated medical community thanks in large part to the medical school campus here in Wichita," Jon Rosell, executive director of the Medical Society of Sedgwick County, said in a statement.