Recipient organizations will benefit from
$10 million in grants to help reduce
the administrative burden facing physicians.
OTTAWA,
ON, June 17, 2024 /CNW/ - The Canadian Medical
Association (CMA), MD Financial Management Inc. (MD) and Scotiabank
are pleased to announce the recipients of the Health Care
Unburdened Grant program, a $10-million grant program to support innovative
solutions to enhance patient care by reducing administrative work
and improving processes and practices in health care.
The program will provide between $500,000 to $1
million in grants to organizations that are creating
innovative solutions that lessen the administrative workload to
help physicians be better supported in caring for their
patients.
The recipients of the Health Care Unburdened Grant program
include:
- Collège québécois des médecins de famille
- Doctors Manitoba
- GreenShield
- Kingston Health Sciences Centre
- New Brunswick Medical Society
- Newfoundland and Labrador
Medical Association
- Royal Victoria Regional Health Centre
- Shuswap Cardiac Society
- Université de Sherbrooke
- University of Alberta
- University of Toronto
"Administrative burden has been increasing over the last decade.
Physicians report working more than 10 hours per week outside of
the normal workday on administrative tasks, a direct contributor to
burn out," said Dr. Kathleen Ross,
President, Canadian Medical Association. "The Health Care
Unburdened Grant program is one of the ways our organizations can
modernize the health system to increase time to focus on patient
care and improve physician quality of life. Congratulations to the
recipients and thank you for your work to improve the daily lives
of physicians."
"Physicians work tirelessly to care for their patients and the
administrative work required within the medical field further adds
to this load," said Pamela Allen,
Chief Executive Officer, MD Financial Management Inc. "On behalf of
Scotiabank and MD Financial Management, I would like to thank the
organizations that applied to the Health Care Unburdened Grant
program and congratulate the grant recipients for their important
initiatives."
Grant recipients demonstrated their ability to make measurable
reductions in the administrative burden facing physicians through
initiatives that focus on systemic changes. Learn more about the
Grant recipients and their initiatives.
About Affinity Contributions
The Canadian
Medical Association (CMA), MD Financial Management (MD) and
Scotiabank together are firmly committed to supporting the medical
profession and advancing health in Canada. As proof of this
commitment, and in collaboration with the CMA and MD, Scotiabank
will invest $115 million to support physicians and the
communities they serve across Canada. Additional announcements
for the physician community are forthcoming, recognizing that such
collaborations are essential to support the profession and effect
meaningful change.
About the CMA The Canadian Medical
Association leads a national movement with physicians who believe
in a better future of health. Our ambition is a sustainable,
accessible health system where patients are partners, a culture of
medicine that elevates equity, diversity and wellbeing, and
supportive communities where everyone has the chance to be healthy.
We drive change through advocacy, giving and knowledge sharing –
guided by values of collaboration and inclusion.
About MD Financial Management Inc.
With more
than 50 years of physician-focused experience, MD Financial
Management Inc. (MD) is dedicated to providing financial peace of
mind to Canada's physicians and
their families, so they can enjoy what matters most to them while
achieving their career and life goals. MD had more than
$57 billion in assets under
management as of April 30, 2024. MD
Management Limited was the first of the MD Group of Companies to be
founded, in 1969. MD Financial Management Inc. wholly owns MD
Management Limited. For a detailed list of the MD Group of
Companies, visit md.ca.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted
financial partner, to deliver sustainable, profitable growth and
maximize total shareholder return. Guided by our purpose: "for
every future," we help our clients, their families and their
communities achieve success through a broad range of advice,
products and services, including personal and commercial banking,
wealth management and private banking, corporate and investment
banking, and capital markets. With assets of approximately
$1.4 trillion (as at April 30, 2024), Scotiabank trades on the Toronto
Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit
www.scotiabank.com and follow us on X
@Scotiabank.
SOURCE Canadian Medical Association