The LCME is officially recognized by the U.S. Department of Education to accredit medical schools in the United States and Canada. It has joint oversight by the Association of American Medical Colleges (AAMC) and the American Medical Association (AMA) but is an independent organization.

LCME accreditation is a voluntary, peer-reviewed process of quality assurance that determines whether a medical education program meets established standards. 

For medical education programs located in the United States, accreditation by the LCME establishes eligibility for selected federal grants and programs, including Title VII funding administered by the U.S. Public Health Service. Most state boards of licensure require that U.S. medical schools granting the MD degree be accredited by the LCME as a condition for licensure of their graduates. Eligibility of U.S. students in MD-granting schools to take the United States Medical Licensing Examination (USMLE) requires LCME accreditation of their school. Graduates of LCME-accredited schools are eligible for residency programs accredited by the Accreditation Council for Graduate Medical Education (ACGME). (Source: LCME.org)