The American Medical Association 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 Michael D. Maves, MD, AMA executive vice president and CEO. “Associations like ours 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 work without compromising our future financial health.”
Maves said AMA must appropriately align its revenues and expenses in order to "sharpen our focus and ensure we have the financial resources to get the job done."