The Business of Medicine can be defined as the economic and organizational aspects of health care, including the management, delivery, financing and regulation of medical services. The opportunity to educate physicians in the Business of Medicine during medical education may be limited by the critical priority of teaching clinical knowledge and skills necessary to care for patients.
In a health care system that is rapidly changing and growing in complexity, lack of knowledge in corporate medicine can impact the physician’s ability to sustain their practice and effectively advocate for their patients, their care teams and within their organizations.
The AMA’s goal is to equip practicing physicians with the Business of Medicine knowledge necessary to effectively manage a successful medical practice and be effective leaders in shaping their sustainable future in medicine. To achieve this aim, we developed educational content featured on the AMA Ed Hub™ specifically designed to be:
- Practical and physician-specific
- Applicable to all specialties and practice settings
- Flexibly delivered to meet the needs of busy physicians
The Business of Medicine education program is guided by the AMA Business of Medicine Advisory Committee, which is composed of physicians and thought leaders in clinical practice, administration and academics.
New AMA Ed Hub course: Introduction to the Business of Medicine
This curated selection of educational activities offers 11.5 AMA PRA Category 1 Credit(s)™ and equips physicians with the medical practice management knowledge, health care leadership skills and health care entrepreneurship education necessary to take the reins as a medical director or department head as well as sustain a successful medical practice. Learn how to grow a medical practice, recruit and retain support staff, analyze relevant health care performance metrics, align physician practice management strategies with different health care settings and more.
Introductory topic bundles include:
- Health Care Organizations and Operations
- Physician Licensure, Credentials and Privileges
- Medical Billing and the Revenue Cycle
- Human Resources in Physician Practices
- Health Care Business & Financial Management
- Quality and Risk in Health Care
- Health Information Technology
Advisory committee
The AMA has convened a Business of Medicine Advisory Committee of distinguished physicians and thought leaders that bring deep experience and insight across critical areas that impact physician practice, including health care management, payment and contracting, financial management, legal and regulatory affairs, human resources, marketing, strategic planning, and clinical operations.
Committee members will provide essential guidance and perspective to help shape the direction of the Business of Medicine initiative, ensuring it is practical, relevant, and responsive to the needs of physicians. Learn more.
Business of medicine future releases
Education courses planned for future release include:
- Business of Medicine Fundamentals
- Advanced Topics in the Business of Medicine
Contact
Questions? Please email the AMA's practice sustainability team at [email protected].
