“Medical specialty boards have come under fire in recent years for their spending of physicians’ hard-earned dollars, particularly when it comes to the controversial idea of “continuing certification” (formerly known as “maintenance of certification,” or MOC) — which brings in a substantial chunk of revenue for many boards, including ABEM, which has 38,500 diplomates.

Documents provided to MedPage Today offer an inside look at the finances of one of the 24 member boards that make up the American Board of Medical Specialties (ABMS). In some respect, they paint a portrait of a well-run business: one that brings in almost $19 million a year while sitting on nearly $40 million in reserves. But they also show an enterprise with generous pay for executives and staff, and where luxury travel is the norm.”

Read more here  https://www.medpagetoday.com/special-reports/exclusives/91967?trw=no