Medical College of Wisconsin (MCW) Market Research Report

Background

Founded in 1893, the Medical College of Wisconsin (MCW) is a private, academic institution located in Milwaukee, Wisconsin. MCW is dedicated to advancing health through education, research, patient care, and community engagement. Its mission encompasses the education and development of future physicians, scientists, pharmacists, and health professionals; the discovery and translation of new knowledge in biomedical and health sciences; the provision of cutting-edge, collaborative patient care; and the improvement of community health. MCW's vision is to pioneer pathways to a healthier world.

Key Strategic Focus

MCW's strategic focus is centered on four pillars:

1. Education: MCW educates approximately 1,540 students across its Milwaukee, Green Bay, and Wausau campuses, offering programs in medicine, graduate studies, and pharmacy. The institution emphasizes innovative teaching methods and has established regional campuses to address physician shortages in rural areas.

2. Research: As Wisconsin's largest private research institution, MCW has secured $1.64 billion in research funding over the past decade. The college conducts thousands of studies annually, including clinical trials and laboratory research, ranking in the top third of U.S. medical schools for National Institutes of Health funding.

3. Patient Care: MCW's physicians and practitioners provide care through affiliations with Froedtert Hospital, Children's Wisconsin, and the Zablocki VA Medical Center, accounting for over 3.3 million patient visits each year. The institution is recognized for its specialty-trained doctors and collaborative, team-based care.

4. Community Engagement: MCW collaborates with more than 600 community partners to address health disparities and improve public health. The Advancing a Healthier Wisconsin Endowment has invested over $338 million in more than 600 community initiatives.

Financials and Funding

As of the end of the 2022 fiscal year, MCW's endowment was valued at approximately $1.51 billion, reflecting a 7% decline from the previous year. In 2022, the institution's total salary expenditure was $1.36 billion, with $889 million allocated to salaries, representing 65.5% of overall expenditures.

Pipeline Development

MCW's research enterprise is robust, with approximately $400 million allocated to research, training, and related purposes during fiscal year 2023. This includes more than 3,800 research studies and clinical trials, driving over $826 million in economic activity and expenditures.

Technological Platform and Innovation

MCW is recognized for its pioneering medical and scientific "firsts" and is among the top 5% worldwide in publishing new knowledge. The institution's Office of Technology Development manages a portfolio that includes 321 technologies covered by more than 594 pending and issued U.S. and foreign patents, along with 70 technology license agreements with various companies.

Leadership Team

• John R. Raymond, Sr., MD: President and CEO since July 1, 2010. Previously served as Vice President for Academic Affairs and Provost at the Medical University of South Carolina.

• Provost and Executive Vice President, and Dean, School of Medicine: Oversees academic affairs and the School of Medicine.

• Dean, School of Graduate Studies: Leads the graduate education programs.

• Dean, Pharmacy School: Heads the pharmacy education initiatives.

• Executive Vice President for Finance and Administration and Chief Operating Officer: Manages financial and administrative operations.

The Board of Trustees comprises business executives, philanthropists, and community leaders who guide MCW's strategic direction.

Leadership Changes

In January 2025, Dr. John R. Raymond, Sr., announced his intention to transition from his role as President and CEO in 2026, after more than 14 years of leadership.

Competitor Profile

Market Insights and Dynamics

The academic medical center market is characterized by institutions that integrate education, research, and patient care. These centers are pivotal in advancing medical knowledge, training healthcare professionals, and providing specialized care. The market is competitive, with institutions striving for research funding, top-tier faculty, and clinical excellence.

Competitor Analysis

Key competitors include:

• Baylor College of Medicine: Located in Houston, Texas, Baylor is renowned for its research programs and affiliations with leading hospitals.

• Icahn School of Medicine at Mount Sinai: Based in New York City, Icahn is recognized for its innovative research and medical education programs.

• Weill Medical College of Cornell University: Also in New York City, Weill Cornell is noted for its research initiatives and global health programs.

These institutions, like MCW, emphasize a tripartite mission of education, research, and patient care, contributing significantly to medical advancements and community health.

Strategic Collaborations and Partnerships

MCW's strategic partnerships enhance its mission:

• Froedtert Hospital: A primary teaching affiliate, Froedtert Hospital collaborates with MCW in providing patient care and clinical education.

• Children's Wisconsin: This partnership focuses on pediatric care, education, and research, aiming to improve the health and well-being of children.