Stop American Academy of Dermatology's Conflict of Interest with Private Equity

Stop American Academy of Dermatology's Conflict of Interest with Private Equity

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The Dermatologist started this petition to American Academy of Dermatology

Fellows of the American Academy of Dermatology:

This petition is in support of initiating the removal process of incoming President-Elect Mark Kaufmann, MD, FAAD as an officer of the American Academy of Dermatology (AAD).

Despite our justifiable preoccupation with the COVID-19 pandemic and the financial viability of our practices, we should be aware of a major change about to occur in the AAD. Dr. Kaufmann was elected to serve as AAD President-Elect in April 2020 and will take office in March 2021. After the election, Advanced Dermatology and Cosmetic Surgery (ADCS) welcomed Dr. Kaufmann as the new Chief Medical Officer in July 2020. As Chief Medical Officer of ADCS, Dr. Kaufmann is now an executive of the largest private equity (PE)-backed dermatology group in the United States with over 140 locations across 14 states. ADCS is also a member of the Dermatology Practice Support Alliance - a coalition of the largest dermatology management companies, many of which are PE-backed.

This is very concerning. Given his role as the Chief Medical Officer (Dr. Kaufmann will not simply be a member of a PE-backed dermatology group), he will influence the mission, vision, and values of ADCS. Simultaneously, Dr. Kaufmann will be able to exert a profound influence on the direction of the AAD for a minimum of three years as President-Elect, President, and Immediate Past President. He will have concurrent fiduciary responsibilities to both the AAD and a corporation whose interests may or may not be aligned with the AAD. Dr. Kaufmann’s fiduciary relationships with both organizations will be an irreconcilable conflict of interest. It would be a disservice to the AAD membership if Dr. Kaufmann were to abstain from AAD decision-making because of this conflict of interest. AAD Presidents are required to divest themselves of any financial relationships during their entire term.

Dr. Kaufmann cannot serve two masters simultaneously.

According to the Administrative Regulations RE: Article VI, Section 10, and Article VII, Section 5, Fellows of the AAD can initiate the removal process of an officer of the AAD via a “petition signed and subscribed to by 10% of voting members of the Academy or by a two-thirds vote of the entire Board of Directors, excluding the director who is the subject of the removal vote.”

The purpose of this petition is to secure the signatures from 10% of voting members of the AAD to initiate the removal process of Mark Kaufmann, MD, FAAD as the incoming President-Elect of the AAD and rectify this untenable situation.

REFERENCES:

https://www.advancedderm.com/about-us/our-providers/mark-kaufmann-md

https://www.nytimes.com/2017/11/20/health/dermatology-skin-cancer.html

https://www.nytimes.com/2018/10/26/health/private-equity-dermatology.html

https://www.bloomberg.com/news/features/2020-05-20/private-equity-is-ruining-health-care-covid-is-making-it-worse

https://server.aad.org/Forms/Policies/Uploads/AR/AR%20Removal%20of%20Officers%20or%20Directors.pdf

0 have signed. Let’s get to 5,000!
At 5,000 signatures, this petition is more likely to get picked up by local news!