A new school of medicine to be opened jointly in 2019 by the UNT Health Science Center and Texas Christian University will “positively impact the North Texas community,” a new report says.
The school will “provide new opportunities for employment and boost the local economy,” according to a report by Tripp Umbach, an economic-impact analysis group for U.S. academic health centers.
According to Tripp Umbach, U.S. medical schools produce an average of $1.7 billion of economic impact per year. The base economic impact of the TCU and UNTHSC School of Medicine is expected to begin at more than $140 million, with additional impacts expected in the areas of research, clinical care, spin offs, and indirect support.
UNTHSC said in a statement that the school plans to add value through training and its graduating physicians, who will remain in Dallas-Fort Worth to practice post-residency. Each graduating physician is expected to generate $1.5 million in economic impact and provide an estimated $300,000 in revenue each year for Texas.
In addition, each TCU and UNTHSC graduated physician is predicted to provide 13 new jobs, based on Tripp Umbach’s research.
The school is currently pending accreditation from the Liaison Committee on Medical Education and approval from the Southern Association of Colleges and Schools Commission on Colleges.
Founding Dean Dr. Stuart D. Flynn says the TCU and UNTHSC School of Medicine will be partnering on the project with the city of Fort Worth.
“With the energy and enthusiasm of this city, as well as the state of Texas, we’ll develop a cutting-edge medical school that produces empathetic scholars who will transform medical care for our community and beyond,” Flynn said in a statement.