Follow the Money: The Unexpected Economics of CME
Is private equity's growing influence in continuing medical education changing the quality of learning in the health professions?
As a CME professional, you need to navigate an increasingly complex funding landscape where commercial support has dropped, and private equity firms are rapidly acquiring education providers. Understanding these shifts is crucial for developing sustainable, high-quality educational programs and navigating your way as a CME professional.
In this episode, we’ll explore:
- How CME funding has evolved from primarily university-based to a complex mix of commercial support, registration fees, and private investment
- Why private equity firms are acquiring CME providers and what this means for content development
- Key strategies for maintaining educational quality and professional relationships in an environment of frequent mergers and acquisitions
Listen now to gain insights into the $4.23 billion CME industry's funding transformation and position yourself for success in this rapidly changing landscape.
Timestamps
00:00 Introduction: The Art of Hustling Pool and CME
00:54 AI Bootcamp for Medical Writers
01:32 The Complex Financial Side of CME
02:06 Evolution of CME Funding
02:42 Pharmaceutical Influence and Regulations
05:47 The Impact of Compliance and Regulatory Codes
07:06 Current CME Funding Landscape
08:21 Private Equity in CME
10:48 Challenges and Questions for CME Professionals
12:08 Conclusion: Ensuring Educational Quality
Resources
- Ratnasekera A, Impact of private equity on graduate medical education: A slippery slope. Am J Surg. https://doi.org/10.1016/j.amjsurg.2024.116160
- ACCME's Standards for Integrity and Independence in Continuing Education (2020)
- ACCME Data Report. Thriving Through Growth and Innovation—2023.
- ACCME. Toolkit for the Standards for Integrity and Independence in Accredited Continuing Education
Mentioned in this episode:
Fall Back to School Sale
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