A health system has decided on a new approach to the community benefit spending that is required to enable it to retain its non-profit status: free medical school.
Kaiser Permanente, the non-profit California-based health system that will launch a new medical school in 2020, has announced that it will waive tuition for students in its first five graduating classes and include the lost revenue associated with free tuition in its community benefit spending.
Company officials also hope the freedom from the debt associated with medical school loans will encourage students to pursue careers in family medicine and lower-paying specialties.
Learn more about what Kaiser Permanente is doing, why it is doing it, and what it hopes to achieve in the New York Times article “Kaiser Permanente’s New Medical School Will Waive Tuition for Its First 5 Classes.”