Key Result Area 1

Financial health

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The AMA assists and supports members in maintaining their financial health. This includes negotiating with payers to ensure fair compensation, the provision of practice management services and the offering of financial products. Members in training are supported through a number of scholarships and bursaries.

Goal 1 Physicians are fairly compensated for their skills and training in comparison to other professionals.

Priority activities

1. Negotiate an agreement for the provision of insured services with government that is fair to physicians and provides value for patients; and restores physicians, through the AMA as an active partner in the health system.

2. Represent interests of the AMHSP Council’s Negotiations Committee in the development of the new Academic Medicine Health Services Plan (AMHSP) Master Agreement and Individual Services Agreement template for AMA members who are part of the AMHSP, to take affect April 2021.

3. Negotiate new compensation models including Alternative Relationship Plans and other alternate funding arrangements that support and align physician and system objectives.

4. Negotiating on behalf of physicians paid through Alberta Health Services including:

  • New policy and arrangements for overhead, on-call, stipends.
  • Contracting of lab, DI, Cancer Care and other physician services.
  • Renewal of contractual arrangements or establishing amicable funding arrangements for AMA members paid by AHS.

Goal 2 Physicians’ practice management decisions are based on sound management advice and best practice.

Priority activities

1. Support appropriate member billing practices:

  • Expand peer review activities including education and schedule modernization.
  • Support sections in schedule modernization/improvement efforts.
  • Continue to develop tools like the fee navigator and billing training tools.

2. Support members participating in or considering alternate compensation models including:

  • Clinical alternate relationship plans
  • AMHSP arrangements
  • Private contracting models enabled through recent legislation

Goal 3 Reliable and best-in-class financial products are available to all members.

Priority activities

1. Formalize a regional financial services alliance with MD Financial.

2. Improve awareness and knowledge among members of the competitive advantages offered through the AMA group insurance plans.

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The AMA advances patient-centered, quality care by advocating for and supporting physician leadership and wellness.