• Sat. Apr 20th, 2024

Canadian Medical Association, MD Financial Management and Scotiabank to provide $10 million in Grants to Help Reduce the Administrative Burden Facing Physicians

The Health Care Unburdened Grant will support innovative not-for-profit organizations seeking to improve patient care and physician wellbeing in Canada.

OTTAWA, ON, Oct. 24, 2023 /CNW/ – The Canadian Medical Association (CMA), MD Financial Management Inc. (MD) and Scotiabank are working with not-for-profit organizations to make measurable reductions in the administrative burden facing physicians. The $10 million Health Care Unburdened Grant will provide between $500,000 to $1 million in grants to up to 15 organizations that are creating innovative solutions to enhance patient care by reducing administrative work and improving processes and practices.

System-wide changes that improve inefficient processes and reduce the time physicians spend completing administrative tasks will enable better patient care and physician wellbeing across Canada. According to the CMA’s latest National Physician Health Survey, nearly 60% of physicians say the administrative burden they face every day directly contributes to their worsening mental health. In addition, 75% of physicians say their administrative workload is an impediment to caring for their patients. The Health Care Unburdened Grant aims to fuel ideas and advance solutions that lessen the administrative workload to help physicians be better supported in caring for their patients.

The Health Care Unburdened Grant will accept applications from today until December 12, 2023. To find out more, please visit cma.ca/healthcareunburdened 

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 over the next 10 years 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 $54 billion in assets under management as of July 31, 2023.

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, 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 a team of over 90,000 employees and assets of over $1.4 trillion (as of July 31, 2023), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank

SOURCE Canadian Medical Association

Cision

View original content: http://www.newswire.ca/en/releases/archive/October2023/24/c2426.html

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