It’s common for employed clinicians to have a CME allowance that renews annually. Those who enjoy this benefit know how important it is to get the most value out of it before it expires. However, many usually find themselves in a dilemma on how best to spend it when the deadline starts looming.
If you have a CME balance that’s due to expire this June, don’t worry. This guide will give you tips on how best to spend the allowance, maximize your education experience, and get CME credits before the end of June.
But first, some definitions.
What are CME credits?
CME credits are units earned when healthcare professionals take part in learning activities that develop their medical knowledge and skills.
To be eligible for earning CME credits, the CME activities must be accredited by recognized bodies like the Accreditation Council for Continuing Medical Education (ACCME) or the National Commission for Certifying Agencies (NCCPA).
CME credits are divided into two categories:
- AMA PRA Category 1 credits are the standard credits you earn from structured educational activities.
- AMA PRA Category 2 credits are earned through self-reported activities, such as participating in a self-directed learning activity.
How To Spend Your CME Allowance Before Deadline Day
Before using your CME funds, it is important to know how much you need and the options available to you. Below is a list of options you can consider to get the most value for your stipend.
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Online Courses: If you have many funds available without much time to use them, you might want to pursue an at-home, online option rather than coordinate last-minute travel to a conference.
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CME Subscriptions: You can access a wealth of educational resources through CME subscriptions. The advantage is that subscriptions usually remain valid even after your funds have expired.
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Conferences and Seminars: Utilize your CME funds when paying for conference registration which covers travel, lodging, and meal costs.
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Joining A Professional Organization: If you want access to CME materials, conferences, and networking opportunities, becoming a member of a professional organization is one of the most effective ways to acquire these benefits.
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State License Application: CME funds can sometimes be used to pay for State License Application fees, so if your state license is up for renewal, this is something to consider.
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Purchasing CME Books and Other Materials: Some employers allow you to use CME funds for this purpose, provided the learning materials are directly related to the CME activity or area of study
Make the Most of Your CME Fund
The price of a CME activity compared to the number of credits you receive varies, so choose the activity wisely and budget appropriately. Whenever possible, consider using discounts to increase your CME fund’s value.
Also, take time to document all the CME expenses you incur, including purchases of books and materials, to ensure a smooth reimbursement process.
Equally important is planning for your CME stipend early. Don't wait until the last minute as it only narrows your options.
Explore CMEList Accredited Online Courses
Earn credits through our online CME courses, including Critical Care Medicine, Internal Medicine, Emergency Medicine, and more. Enroll today and make the most of your CME stipend before it expires.