VCOM 2024 Annual Report

The Cumulative Non-Resident VCOM Practicing Alumni 2007-2020 Economic Impact Analysis*

Number of Graduate Physicians**

Total Output (Revenue) ($ in billions)*

Total Jobs Created*

Wages, Salaries & Benefits ($ in billions)*

State and Local Tax Revenue ($ in billions)***

Federal Tax Revenue ($ in billions)***

National Analysis

3,601

$65.2

351,591

$29.2

$26.0

$46.7

All VCOM Alumni

1,867

$27.5

232,231

$17.0

$6.4

$19.1

Primary Care Only

Target Region Analysis

Target Region Alumni Primary Care Only

239,338

$19.9

$10.5

$31.6

2,458

$44.4

1,342

$19.7

166,502

$12.2

$4.5

$13.7

*All Physician multipliers values were compilated by NCAHD from 2015 research conducted by the IQVIA for the AMA and Primary Care multipliers came from VCOM’s National Center for Rural Health Works (2019). (https://www.ama-assn.org/files/corp/media-browser/ public/2018-ama-economic-impact-study.pdf). **The physician data was provided NCAHD from the 2024 Enhanced State Licensure (ESL). https://www.ncahd.org/esl-data/ ***The national average state/local and federal taxes came from taxfoundation.org

How VCOM Alumni Benefit our Nation’s Economy N ationally, VCOM alumni have created more than 351,000 jobs, over $65.2 billion in

in wages, salaries, and benefits. With more than 50% of VCOM alumni practicing a primary care specialty in rural (49%) and underserved areas (61%), the financial and employment impact contributes significantly to the stability of the communities they serve.

revenue, and $29.2 billion in wages, salaries, and benefits to the communities they serve across the nation. Within VCOM’s target region, our alumni have created nearly 239,000 jobs, over $44.4 billion in revenue, and $19.9 billion

Analysis Method The NCAHD conducted a tracking analysis on all eighteen classes of VCOM alumni (3,616), finding 3,601 actively practicing (99%) in the United States. Over 70% of the alumni currently practice in VCOM’s target region. Physician economic impact research recently published by IQVIA (a research institute), conducted for the AMA of their physician Masterfile and IMPLAN data, was utilized by NCAHD in analyzing the impact of all VCOM alumni. VCOM’s National Center for Rural Health Works recently

updated the Primary Care Physician economic impact modeling tool used to determine the impact of primary care alumni. The state, local, and federal tax data are national average values generated by the Tax Foundation and represent taxes generated on the output spending, a combination of operating expenses spent by the physicians practicing medicine. Using the IQVIA national multipliers, the economic impact research data includes the direct, indirect, and

induced impact of VCOM alumni upon the nation and our target region.

The direct impacts include patient revenue, jobs created, wages and benefits, and state and local tax revenues. The indirect impact measures the impacts generated by the industries supported by physicians (e.g., nursing homes, pharmacies, laboratories, etc.). The primary care economic impact analysis data includes the impact that many primary care physicians have upon local clinics and the referring hospitals.

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