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The ABPS, the official certifying body of the American Association of Physician Specialists (AAPS), is the United States' third largest recognized physician multi-specialty certifying body, providing physician board certification re-certification for thousands of physicians in following 20 medical specialties: [6]
AAPC provides training, certification, [9] and other services to individuals and organizations across medical coding, medical billing, auditing, compliance, and practice management. These services include networking events such as medical coding seminars and conferences. [10]
As of 2013, administration of healthcare constituted 30% of US healthcare costs. [140] Free-market advocates claim that the healthcare system is "dysfunctional" because the system of third-party payments from insurers removes the patient as a major participant in the financial and medical choices that affect costs.
Administrative costs. About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries. For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks.
Since many certification boards have begun requiring periodic re-examination, critics in newspapers such as The New York Times have decried board certification exams as being "its own industry", costing doctors thousands of dollars each time and serving to enrich testing and prep companies rather than improving the quality of the profession. [14]
The American Board of Medical Specialties (ABMS) is a non-profit organization established in 1933 which represents 24 broad areas of specialty medicine.ABMS is the largest and most widely recognized physician-led specialty certification organization in the United States. [1]
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