AMA Announces Staff Reductions
For immediate release:
March 6, 2009
CHICAGO – The American Medical Association (AMA) announced today that it is reducing its 2009 operating budget to offset declining revenues amid the ongoing economic downturn. The reduction will be effective May 4, 2009, and will include eliminating selected open and existing staff positions in both its Chicago and Washington, DC offices. Approximately 100 current AMA staff are affected.
“This is a tremendously difficult decision for the AMA,” said AMA Executive Vice President and Chief Executive Officer Michael D. Maves, MD, MBA. “Associations like ours, however, are not immune to the economic realities that many other companies are facing. By taking these steps now, we will be in a position to continue our important work without compromising our future financial health.”
“Appropriately aligning our revenues and expenses provides us with an opportunity to sharpen our focus and ensure we have the financial resources to get the job done. Physicians and their patients are counting on the AMA to help improve the health-care system in our country. We can’t let them down,” Dr. Maves said.
AMA Media Relations