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Keywords

economic value, financial impact, physicians, risk reduction

 

Authors

  1. Rotarius, Timothy PhD
  2. Liberman, Aaron PhD
  3. Trujillo, Antonio PhD

Abstract

This study quantifies the value that physicians bring to their local community. The physician's value is assessed in 3 economic arenas: as a major provider of health care services, as an employer, and as a generator of new jobs within the community. This is a descriptive report with data analyzed using internal documents, government statistics, research reports, and Medical Group Management Association data. The results indicate that approximately 1,800 physicians contribute $1.84 billion (or 10.8%) toward the $17 billion local economy. The conclusion is that attending physicians have a major impact on the economies in which they practice.