|Washington, DC Physicians Boost the District's Economy|
The District of Columbia’s 4,405 patient care physicians fulfill a vital role in the economy of our Nation’s Capital by supporting 29,102 jobs and generating $5.6 billion in economic activity, according to an Economic Impact Study by the Medical Society of the District of Columbia (MSDC) and the American Medical Association (AMA). An overview of the study, covered in a Washington Business Journal article, shows that:
According to a DC Board of Medicine survey of licensed physicians, the top five most commonly reported specialties in the District of Columbia were:
Washington, DC Physicians Boost the District's Economy by $5.6 Billion
Each physician in the United States supports 13.84 jobs on average and contributes $2.2 million in economic output, underscoring how physicians influence the health of both their patients and the economy, according to the American Medical Association's new Economic Impact Study. Washington, DC's physicians play a vital role in the local economy by supporting 29,102 jobs and generating $5.6 billion in economic activity, according to a report released by MSDC and the AMA. * At the national level, physicians support greater economic output than the following industries: legal services, home health care, higher education and nursing home and residential care. MSDC President-elect John Larsen, M.D., emphasized that "District physicians are caring, hardworking and productive. They typically work well beyond the 40-hour work week in hospitals, clinics and other practice settings. Together, the District's physician community treats patients 24/7 every day of the year." See Washington, DC highlights about the economic impact you and your colleagues make here in our Nation's Capital.