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4 Effective Techniques to Stretch Your CME Fund Further than Ever
Table of Contents
CME Fund Regulations
Many employed clinicians with a CME allowance face the same problems year after year. What is the best way to spend CME money? And; how can I spend it before the end of the year so I don't lose my CME fund?
If you are employed, you might have an annual fund specifically for continuing medical education. Because your CME fund usually won't carry over to next year, you'd be wise to make the most of your CME money every year.
The mad dash to spend your remaining CME money before year's end catalyzes the many CME special offers (including CME with gift cards) appearing that time of year.
Your CME allowance poses two problems. First is finding the best way to spend your CME money. The other is ensuring you don't go irreparably over budget.
The only thing even more disheartening than leaving CME money on the table is going thousands over budget and getting stuck with the rest of the bill. We never want a fellow clinician to experience either injustice.
Creative Ideas for Spending CME Money
Fortunately, there are many more tried-and-true methods healthcare providers use to maximize their CME allowance than we can cover here.
There are even ways that make spending thousands more than your CME fund a financial win for you.
The four we'll discuss today are:
1. CME with gift card offers (removed, for reasons you can read here)
2. Point of care medical apps / CME with free iPad bundles
Any of those links will take you a more detailed breakdown of that specific topic.
If you haven't heard of some of these, fear not.
All the strategies we describe here are established, above-board, and widely acceptable ways your colleagues make the most of their CME allowance year after year.
Furthermore, each of these techniques will leave you with a stronger clinical knowledge base and easy-to-earn category 1 CME credits.
That said, be sure to know your institution's policy on certain CME opportunities so you do get reimbursed.
How many techniques should I try?
It can be a challenge, if not impossible, to combine all the major techniques in a single CME year.
The beauty of some of these offers (especially the multi-year CME subscriptions) is that you don't need to. Here's how.
Quick question about your CME fund...
We'd really appreciate if you'd answer this anonymous, one-question survey about your CME fund if it's applicable to you. Thanks!
1. Take Advantage of CME with Gift Card Bonus Offers
Before we get too far into it, know that we keep track of the top updates to CME with gift card incentive offers each year.
A select few CME providers will effectively subsidize your CME fund by offering truly generous gift cards with your CME purchase.
We're talking about bundles that include as many as 100 CME credits plus an Amazon gift card worth up to $3,500.
Often, CME with gift cards can also come in other forms like Visa, American Express, Apple, or even retailers like Home Depot.
CME Fund Example
Let’s imagine you have $1,000 remaining in your CME fund.
If you buy a one-year subscription to CMEinfo Insider for $1,999, you are essentially getting an otherwise admittedly pricey CME program for free.
$1999 – $1000 CME money –> $999 out of pocket) + free $400 Amazon gift card = true cost of $599 instead of $1,999.
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With $2,000 remaining of your CME allowance, it gets even better.
Your employer picks up the entire cost of your one-year MDCalc 65 CME credit subscription ($1999).
This time, your employer keeps the $1. Your overjoyed administration awards themselves massive bonuses.
Meanwhile, you walk away with $1,050 to spend on Amazon. Not to mention the adoration of your CFO.
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Either way, you'll have access to high-quality, relevant category 1 CME for your specialty for one or two entire years.
Another advantage of online CME?
Learning at your own pace, via your media preferences, wherever you want. Anyone know a beach with Wi-Fi?
1. Use CME Money for iPad & Medical App Deals
In addition to everything else here; speaking at a conference, ordering online CME with a gift card option, and writing your own CME with an accredited provider, you can also use your CME money for certain point-of-care medical apps.
Using any of the CME with gift card offers can be combined to get you a free tablet.
Just spend the Amazon or Visa Prepaid card, which can be up to $3,500 (did I say that already?) on the piece of technology that works best for you.
Not only is getting an iPad with CME a pretty sweet perk, but it's also practical.
There are dozens of CME-awarding medical apps can be used on a tablet or smartphone at the point-of-care, which makes the gift card more utilitarian than luxurious. Our favorite for this purpose is VisualDx.
Feel free to use that in case you need to convince a hospital administrator that you're not the crook in this situation.
2. Discounts & Seasonal CME Sales
With the rise of both the volume and quality of online medical education, competition has become fierce.
This is great for clinicians, because it means they have more choice in where to spend their CME allowance.
Not only are there more good online CME offers available, but the frequency of fun and innovate in-person CME events is also cautiously increasing.
But more to the point, many of the best online CME providers offer exclusive discounts for certain partner audiences.
This is like when your friend shares a discount link with you, and you both get something out of it.
Except we're your friend and you get to choose something that's actually useful.
Here's a good list of CME discounts to check out.
Referral Awards for CME
For example (and for a little self-promotion), we at Modern MedEd have various affiliate partnerships that benefit our readers (that's you!).
One way we do that is through our CME reviews series packed with helpful insights, because we actually tried the CME ourselves.
Want an audio CME option with dozens of specialties covered? Here's an extra $100 gift card from Audio Digest when you make your first purchase of $399 or more.
Full disclosure, we may earn a commission on any sales we generate. So it's a win-win.
And even if it's not the right time for you to purchase, we'll always be grateful that you've come here to read our work. Seriously, thank you.
Get a Free Trial Before Spending Your CME Fund
Most of these companies also offer a free trial or money-back guarantee for those who aren’t totally sure about making that big purchase. This is different from traditional free CME, as it's usually just a taste of the larger, paid program.
It's totally understandable, and just plain smart, if you ask us, especially for new customers.
This way you can try out the product and won’t kick yourself (or us) if it’s not up to your expectations. Worst case scenario: you get to log free category 1 CME hours.
Specifically, Board Vitals offers a free trial consisting of a limited selection of items from each of their CME question banks to ensure that it meets your needs before you commit.
Here's their collection of free board-review questions. You can also purchase CME with these question banks.
VisualDx and Medality both offer 7 day free trials for new customers, along with very useful CME content.
Oakstone offers a money-back “pass guarantee” on purchases of CMEinfo Insider (which can be used as a board review resource).
However, free trials mean you won't have access to the advanced analytics and CME tracking features, which – trust me – you'll want.
Of course, do your research, too. As boring as it may be to read the fine print, it could save us both a headache because the world is subject to change, nuance exists, yadda yadda yadda.
You can also sign up to get the super secret, extra exclusive offers that are only available to our email subscribers.
Ok, self-promotion time is over today. Thanks for indulging me.
3. Speak at a CME Conference
There are two types of people in this world: those who love speaking in front of a crowd, and those who’d rather be dead. The same is true of clinicians.
However, I encourage you to reject any personal dogma you hold telling you that public speaking is not for you.
We’ve shown you how speaking can be a lucrative side gig for clinicians. Luckily enough, it can also be a nice way to (maybe) get your conference fees covered.
Most reputable conferences will at least waive the cost of registration for their speakers. Some might also pitch in for certain expenses like airfare, food, hotel, and an honorarium.
It is still a good idea to attend local and national CME conferences if you can, if you aren't speaking. The networking itself can earn you exponential returns for yourself and your career.
If you want to improve your public speaking skills before doing the real thing, get Dale Carnegie's timeless book on public speaking for less than the cost of a propranolol prescription.
4. Write Your Own CME
This one is a good option if you are the type who enjoys researching, writing and teaching others about your areas of clinical expertise.
Clinicians are major sources of medical information for these CME providers.
Most of them are almost always looking for good healthcare professionals who can also write, speak, or deliver a good performance on camera.
Potential Drawbacks to CME Writing
One drawback is that you may earn category 2 CME credit for this work, even if you are creating what will eventually be category 1 CME.
Although physicians may qualify for self assessment CME credit for test item writing. Sorry PAs and NPs.
I know, it seems a little illogical that creating awesome category 1 CME only nets you category 2. At least it did for me, but that’s life.
Check with your certifying body or licensing board for more details before claiming credit because they may tell you something else (or audit you!).
However, you may be able to earn some category 2 CME now and claim the sweet category 1 CME for free at a later date.
That's because once your work becomes accredited, it's usually a part of a larger program. You may be granted access for free as an additional perk of being a (paid, usually) contributor.
For instance, I was on Hippo Education's Primary Care RAP CME podcast in the past, and enjoyed this exact set-up.
In fact, I still enjoy listening to my fellow contributors' work, as well as earning category 1 CME credit from it.
Here are a few CME companies that are pretty much always looking for qualified contributors.
Using Your CME Fund for Technology
Physicians, PAs, and NPs are increasingly using iPads and other technology to keep up with the demands of the job.
Not to mention technology is becoming more of a part of healthcare (in a good way) with the rise of point-of-care medical apps.
That means devices like iPads are important to learn to use, just like other technology like POCUS.
If you want an iPad instead of the gift card, you can find places that allow you to choose a free iPad as a thank-you bonus for purchasing their CME.
Although, why not just get the gift card with your CME and use that to get your iPad? Another win-win. We're all about that here.
You'd have the latest iPad, a year's worth of CME, and money left over on your Amazon gift card to do with as you please.
Plus, you'll be able to do your CME on your cool new iPad, really increasing the value (and pragmatism) of your purchases.
Make the Most of Your CME Fund
You now have a few tools and techniques that can stretch that measly CME budget a bit further.
Even if you have no CME allowance, you can now feel like you do!
You can travel to new places for those great destination CME medical conferences, use discounts to increase your CME fund’s value, or get paid to learn while creating CME for your colleagues.
First Published: July 22, 2018
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Last Updated: 27 December 2018 This post contains affiliate links. That means we may earn a commission (at no extra
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