Contrary to the views expressed in a recent Fortune commentary, Maintenance of Certification (MOC) is important for physicians. It is an external, objective indication to patients, their families, hospitals, health systems, insurers, and other physicians that board certified physicians are up to date in their area of specialty medicine. With the explosion of medical knowledge and an estimated 10,000 new studies published each month, keeping current in specialty medicine is essential.
ABMS shared evidence that continuing certification programs not only improve patient care, but also help reduce consumer health care costs, citing a JAMA study finding a 2.5 percent reduction in the total cost of care for Medicare beneficiaries treated by physicians participating in continuing certification, representing an average savings of $167 per Medicare patient, per year amounting to approximately $5 billion annually. Furthermore, this cost reduction was not associated with any decline in quality outcomes.
Read the full commentary on Fortune.com.
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