BMS does not compensate faculty for participation in medical education activities; this is the responsibility of the program provider. Nevertheless, BMS remains concerned about payments to faculty that are, or may be perceived to be, excessive.

BMS recognizes that honoraria proposed to be paid by grantees should be consistent with fair market values and of sufficient levels to attract qualified, respected faculty to participate in such programs. While precise amounts have not been established, the following rates may be used as guides based on the caliber of the faculty, as well as, the task at hand and the time and commitment involved.

• Single Presentation: $3,500 maximum for national level faculty
• Chair and Speaker: $5,000 maximum
• Full Day: $7,500 maximum

Notwithstanding these levels, no individual should receive in excess of $20,000 for speaking and other work in connection with any single CME project unless a compelling justification can be made for such honoraria to be paid.

Grants provided by BMS for IME will not be used to fund costs associated with speakers or faculty employed by or affiliated with the institution sponsoring the event, when the intended audience is employed or affiliated with the institution for purposes of internal education.