Study provides snapshot of the economic impact of office-based physicians studied at state level
CHICAGO, March 29, 2011 /PRNewswire-USNewswire/ -- The Washington State Medical Association (WSMA) announced that a new report released by the American Medical Association (AMA) shows that office-based physicians play a vital role in Washington's economy by supporting jobs, purchasing goods and services and generating tax revenue. In 2009, office-based physicians in Washington state contributed $21 billion in economic activity and supported 82,300 jobs.
"Although physicians are primarily focused on providing excellent patient care, physician offices and the jobs and revenue they produce are significant contributors to state economies," said AMA President Cecil B. Wilson. "This study illustrates that office-based physicians contribute to both the health of their patients and also to the economic health of their local communities."
The study found that, in comparison to other industries, office-based physicians almost always contribute more to state economies than each of the following: hospital, legal, nursing home and home health.
"Physicians' practices play a prominent role in Washington state's economy," added Dr. Dean Martz, president of the WSMA. "Beyond providing care and saving lives, medical practices generate jobs and economic development and are integral to the economic health of our communities."
The findings show the economic impact of office-based physicians as measured through sales revenue, jobs, wages and benefits and tax revenue. The report provides information on the economic impact of office-based physicians in all 50 states and the District of Columbia. In Washington state, office-based physicians supported $15.6 billion in wages and benefits, and generated $675.7 million in taxes.
To view the full report, please visit www.ama-assn.org/go/eis.
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About the American Medical Association (AMA)
The American Medical Association helps doctors help patients by uniting physicians nationwide to work on the most important professional, public health and health policy issues. The nation's largest physician organization plays a leading role in shaping the future of medicine. For more information on the AMA, please visit www.ama-assn.org.
About the Washington State Medical Association (WSMA)
The Washington State Medical Associations vision is to make Washington the best place to practice medicine and to receive care. The WSMA represents over 9,800 physicians throughout Washington state. For more information about the WSMA, please visit www.wsma.org.
SOURCE Washington State Medical Association