I'm a med student right now. In order to run a med school that any one would consider touching with a ten-foot pole, you'd have to invest an enormous amount of cash.

Consider:

You'd have to hire a few hundred faculty, all doctors, whose salaries on average would be well into the six figure range.

You'd have to have much bigger facilities than what UVRMC has. Though you could send students up to LDS hospital, it still probably wouldn't be enough to support a couple of classes of students.

You'd have to get accredited, which involves a lot more faculty just to run the academic side of things and bring in faculty qualified and willing to run the school, without spending much, if any, time actually doing work as a doctor.

You'd have to attract a lot of faculty that have a decent reputation and have the facilities and money to do research and make their names known as well as create from scratch a good reputation for BYU medical school. This would require literally hundreds of millions of dollars.

Most medical schools are now in the red, financially, and many are consolidating or in serious trouble of bankruptcy.

Med students graduating would be at a disadvantage because no residency program would have any idea as to the quality of the program that they graduated from. No one would get into any decent residency program or would be competitive for specialties such as dermatology, ophthalmology, ENT, or other highly competitive programs.

You'd have to build another building just to house the students and the classrooms and labs.

You'd have to have far more residents and fellows to aid in the the instruction of the students at UVRMC and LDS hospital. This number is limited by Medicare - good luck increasing it in the current climate.

I could go on - those are just a few random thoughts that came to me in a rather disorganized fashion.

If they would have established one in the early 1900's, I'd imagine we'd have a decent med school now. It would be nearly impossible for any school to create one now out of scratch.