Office-based Doctors Support 4 Million Jobs

As other industries are slowing down and unemployment is continuing at record highs, office based physicians are bringing jobs to their communities. Medical Group Management Association researchers have devised national and state-specific multipliers to determine the value of a physician's contribution to local economies, including jobs created, spending at nearby businesses, and taxes generated. According to these figures office based physician practices contributed to over 4 million jobs in 2009. With unemployment still rising, the number of jobs at physician offices has continued to increase. These jobs pay well and offer strong benefit plans; also they offer a stable environment and more job security than many other industries. These figures confirm that physician offices are a large contributor to the economy; having physician offices in a community is economically healthy for the local area. Numbers vary by physician practice and specialty, however on an individual level, physicians support an average of 6.2 jobs each, including their own. One physician leads to about $100,000 in state and local tax revenue and $2.2 million in overall financial activity. Read the full article in American Medical News, or click here: http://www.ama-assn.org/amednews/2011/04/04/bil20404.htm