Sta­tus quo

Spend­ing cuts off­set rev­enue loss at the AMA

Modern Healthcare - - The Week In Healthcare - Andis Robeznieks

The 2009 fi­nances of the Amer­i­can Med­i­cal As­so­ci­a­tion were quite lit­er­ally a tale of two re­ports. The AMA’s re­cently re­leased In­ter­nal Rev­enue Ser­vice Form 990, which de­tails the AMA’s not-for-profit ac­tiv­i­ties, shows a $13.7 mil­lion loss for 2009, which looks some­what bet­ter in com­par­i­son to 2008, when $21.3 mil­lion was lost. The AMA an­nual re­port, how­ever, re­leased in May cov­ered all of the 163-year-old or­ga­ni­za­tion’s op­er­a­tions and listed a profit of $16.5 mil­lion for 2009, which was up 560% from the $2.5 mil­lion it net­ted in 2008.

Just like the an­nual re­port, which is re­leased a few weeks prior to the an­nual House of Del­e­gates June meet­ing in Chicago, the 2009 Form 990 re­flects lower rev­enue off­set by even lower spend­ing. Ac­cord­ing to the 990, AMA not-for-profit op­er­a­tions took in al­most $207.9 mil­lion and spent $221.6 mil­lion in 2009. Fig­ures that are about 8.7% and 11% lower re­spec­tively than the $227.6 mil­lion re­ceived and $248.9 mil­lion spent in 2008.

The AMA is still the nation’s largest physi­cian or­ga­ni­za­tion. The AMA’s Form 990 doesn’t list a mem­ber count, but it shows mem­ber­ship dues were down 4.7% to al­most $42.4 mil­lion from al­most $44.5 mil­lion. A slightly higher fig­ure is listed un­der “dues, as­sess­ments and sim­i­lar amounts from mem­bers.” For 2009, this fig­ure was al­most $43.2 mil­lion, or 4% less than 2008’s $45 mil­lion to­tal.

In April 2009, the AMA an­nounced that it was elim­i­nat­ing 100 open and ex­ist­ing

Maves earned about $997,000 in 2009 and will step down in 2011.

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