Monday Rx – January 8, 2018
On the first Monday Message to Members of 2018, I have several essential items to share. First, I hope all of you enjoyed a great holiday season and happy new year!
The Saving Private Practice Consortium 2.0 is less than 90 days away! The event is designed to help physicians in private practice discover meaningful solutions to often debilitating problems, such as over documentation, reimbursement, contract management, staffing, regulatory, legal, financial, banking, online reputation management, IT and much more. The event is free for physicians and their office staff and will be held on Saturday, March 3, 2018 from 9 AM to 4 PM at the LA Hotel Downtown. To register, please click here.
It’s flu season and clinics, hospital ERs, and physician offices are overwhelmed with patients. I will be talking with the Department of Public Health today to identify ways to support physicians and patients during this crisis.
Congratulations to Dr. Babak Azizzadeh with La Peer Health Systems, one of LACMA’s premier group partners, for receiving the Castle Connolly Top Doctors award for 2017! Each year Castle Connolly puts together a list of the most trusted physicians in America to help consumers find the best healthcare providers. All nominations for this list are submitted by board-certified physicians electing their peers. See the post here.
So, what’s in store for 2018?
Continued efforts to support members and attract new members through outreach, campaigns, signature events, a smarter benefits portfolio and customized services for larger entities are all on the list for the year. We are always looking for new companies that can provide meaningful solutions for our members. Companies like athenahealth, Tigertext, WestPac Wealth Partners, Curbside Real Estate, WorkWise Law, American Career College, Four Seasons Resorts, McKenna BMW, HealthGrid, and many more, provide exclusive benefits for members. Please visit our website to access partners or contact me directly with questions, ideas and suggestions. Please also be sure to follow us on social media to get the latest practice updates and tips!
Gun violence continues to be a challenge throughout the state and particularly in Los Angeles County. CMA has launched a resource center for physicians when dealing with the consequences of gun violence. Click here to learn more.
There is Still Time to Renew Your Membership
Membership renewals were due by December 31st, but there is still time before your membership is dropped!
LACMA’s network of solutions and support for our members will be showcased on March 3, 2018, at the second annual Saving Private Practice Consortium. This event is more than a networking opportunity; it’s a chance for physicians in solo and small practices to get real help for the challenges they face each and every day so they can thrive, not simply survive. You can learn more about all LACMA member products, services, and solutions here.
Check out highlights from the Saving Private Practice Consortium this past summer!
Report: California Physicians Boost the State’s Economy
Support 1.2 Million Jobs, Generate $232 Billion in Economic Activity
Beyond their role in safeguarding the health of our communities, physicians in California are a major driver of the state economy, spurring economic growth and creating jobs across all industries according to The Economic Impact of Physicians in California Report, released today by the California Medical Association (CMA) and the American Medical Association (AMA).
Here are some highlights:
The Study focused on MD output by state, specialty and more. At the state level, the median total output was $18.9B while the mean total output was $32.8B. At the national level, physicians created a total of $2.3T in direct and indirect economic output (i.e., sales revenues) in 2015. On average, each physician supported $3,166,901 in output.
Jobs: At the state level, physicians supported a median of 115,752 total jobs and a mean of 182,370 total jobs (including their own), the total of direct and indirect positions.
At the national level, physicians supported 12,575,602 jobs in 2015. On average, each physician supported 17.07 jobs.
Wages and Benefits: At the state level, physicians supported median total wages and benefits of $8.9B and mean total wages and benefits of $16.7B.
At the national level, physicians contributed $1,044.9B in direct and indirect wages and benefits for all supported jobs in 2015. On average, each physician supported $1,417,958 in total wages and benefits.
State and Local Tax Revenues: At the state level, physicians supported median total state and local taxes of $646.5 million and mean total state and local taxes of $1,310.8 million.
At the national level, physicians supported $92.9B in state and local tax revenues in 2015. On average, each physician supported $126,129 in state and local tax revenues.
Chief Executive Officer
Los Angeles County Medical Association
“If it matters to our LACMA members, it matters to me.”