For profit vs Nonprofit

[osteodoc7]

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Can anyone clarify what this entails in terms of medical education here in the united states? Until recently I was not aware that private medical schools in the US could be for profit such as RVU, BCOM, Ponce Health Science U, and CNSU. Does this mean medicine might become like those few for profit law schools? Literally accept anyone willing to gather the debt with little regard to applicants potential to graduate. Seems odd to attend a school whose goal is to bring returns to their shareholders. There are always concerns about MD/DO programs opening to many branches relative to available residencies. Seems like if more for profit schools open, it won't be long until graduates are looking hard for jobs (similar to law).
Am I wrong, or this a bad for the future of medicine in the U.S?

 

[deleted480308]

Can anyone clarify what this entails in terms of medical education here in the united states? Until recently I was not aware that private medical schools in the US could be for profit such as RVU, BCOM, Ponce Health Science U, and CNSU. Does this mean medicine might become like those few for profit law schools? Literally accept anyone willing to gather the debt with little regard to applicants potential to graduate. Seems odd to attend a school whose goal is to bring returns to their shareholders. There are always concerns about MD/DO programs opening to many branches relative to available residencies. Seems like if more for profit schools open, it won't be long until graduates are looking hard for jobs (similar to law).
Am I wrong, or this a bad for the future of medicine in the U.S?

You are falsely implying that a tax related nonprofit status means that the other schools aren’t trying to make money

 

[osteodoc7]

Surely nonprofits are trying to make money, but perhaps not as aggressive? Why would a for profit organization care if they accept students they know are at high risk of failing out? What are the accreditation requirements in terms of attrition among schools. I'm trying to understand what went wrong with law and how that can be prevented in medicine

 

[deleted480308]

Surely nonprofits are trying to make money, but perhaps not as aggressive? Why would a for profit organization care if they accept students they know are at high risk of failing out? What are the accreditation requirements in terms of attrition among schools. I'm trying to understand what went wrong with law and how that can be prevented in medicine

The only thing “wrong” with law is they flooded the market and brought down their wages by supply and demand

 

[Scrubs101]

From what I’ve heard it’s just extra hoops to jump through, why try and hide the fact that it’s all about money anyways. At the end of the day as long as the school’s producing quality docs, providing better resources than some “non-profit” schools, at least trying to produce residencies, and gets there students to where they want to be then i have no issue with it.

What i do have an issue with is COCA giving their stamp of approval to every application for accreditation they ever get because they think more DOs always = good

 

[IslandStyle808]

Surely nonprofits are trying to make money, but perhaps not as aggressive? Why would a for profit organization care if they accept students they know are at high risk of failing out? What are the accreditation requirements in terms of attrition among schools. I'm trying to understand what went wrong with law and how that can be prevented in medicine

What went wrong with education (undergrad, grad, etc. --> all of it) is that all these accrediting bodies are doing a piss poor job of regulating the amount of students that enter and graduate. They pretty much made higher education a cost ineffective endeavor.

 

[Neopolymath]

You are falsely implying that a tax related nonprofit status means that the other schools aren’t trying to make money

Nailed it. Much like the non-profit hospital down the road has executives driving ferraris and not pouring that money back into the system. Non-profit status in America is about optics.