AMGA rev­enue up 4%

Group cites mem­ber in­crease, ed­u­ca­tion pro­grams

Modern Healthcare - - The Week In Healthcare - Andis Robeznieks

The Amer­i­can Med­i­cal Group As­so­ci­a­tion took in more money and spent more money in 2009 than in 2008, ac­cord­ing to its re­cently filed fed­eral tax form. And ac­cord­ing to Don­ald Fisher, its pres­i­dent and CEO, the Alexan­dria, Va.-based group prob­a­bly raised its pro­file higher than ever.

“We had a great year,” Fisher said, cit­ing in­creased mem­ber­ship, record at­ten­dance at its an­nual meet­ing, suc­cess­ful ed­u­ca­tion pro­grams and in­creased leg­isla­tive in­flu­ence cul­mi­nat­ing in the cre­ation of ac­count­able care or­ga­ni­za­tions in the health­care re­form law.

Ac­cord­ing to its In­ter­nal Rev­enue Ser­vice Form 990 for 2009, filed May 17, the AMGA had rev­enue of $7.41 mil­lion in 2009, up 4.4% from the $7.1 mil­lion it took in dur­ing 2008; and it had $7.19 mil­lion in ex­penses, up 7.9% from the $6.66 mil­lion it spent in 2008. This all re­sulted in a profit of $221,513 in 2009, al­most a 49.3% drop from the pre­vi­ous year’s to­tal of $436,866.

These fig­ures fol­lowed the trends seen in the 990 for 2008, which—in com­par­i­son to 2007—showed rev­enues were up 4.5%; ex­penses were up al­most 7%; and prof­its were down 22.8% (June 8, 2009, p. 14). “We’re not a bank­ing in­sti­tu­tion,” Fisher said of the lower profit mar­gin. “We planned on spend­ing more in 2009 and we did.”

That said, Fisher noted that the AMGA’s 2009 rev­enue to­tal was 150% of what it had bud­geted. In 2009, the AMGA added an­other 40 large-prac­tice mem­bers that were said to rep­re­sent 9,700 physi­cians. This brought the or­ga­ni­za­tion’s mem­ber­ship up to 360 mul­ti­spe­cialty group prac­tices with a com­bined to­tal of 102,000 doc­tors. (On av­er­age, an AMGA mem­ber group con­sists of 282 doc­tors prac­tic­ing across 20 lo­ca­tions.)

Fisher, whose to­tal com­pen­sa­tion of $785,937 in 2008 placed him 22nd on Mod­ern Health­care’s most re­cent list of high­est-paid health­care as­so­ci­a­tion ex­ec­u­tives (May 10, 2010 p. 24), saw his pay in­crease 3% to $809,941. In Oc­to­ber, Fisher will mark his 30th an­niver­sary as AMGA pres­i­dent. Chief Fi­nan­cial Of­fi­cer Clyde

Fisher: “We had a great year” in 2009.

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