Medical students are being encouraged by the American Medical Association (AMA) to complete training in healthcare economics. Students will be educated on cost-effective use of diagnostics, risk management, quality assurance, and practice management, and other economic-related topics.
This is an excellent time to provide this training as patients continue to struggle with the costs of healthcare and specialty pharmaceuticals. Physicians are increasingly combining their practices and are beginning to integrate with data warehouses and retail pharmacies. The Centers for Medicare and Medicaid Services (CMS) are launching new payment models that give physicians incentives for conservative spending.
Barbara L. McAneny, MD, AMA’s immediate past president stated, “While many medical schools and residency programs currently provide students and residents with training in healthcare financing, it has become clear that future physicians require further instruction to ensure they are well-prepared to deliver care to patients in modern health systems.”
AMA Calls on Medical Schools to Include Training on Healthcare Economics. (n.d.). Retrieved November 24, 2019, from https://www.centerforbiosimilars.com/news/ama-calls-on-medical-schools-to-include-training-on-healthcare-economics