2011 Economic Impact Study of Office-Based Physicians
released March 23, 2011
In a recently released study, detailed findings show the economic impact of office-based physicians in Louisiana as measured through sales revenue, jobs, wages and benefits and tax revenue. In Louisiana alone, office-based physicians supported $6.6 billion in wages and benefits, and generated $11 billion in sales revenue. Conducted by The Lewin Group, the full report provides information on the economic impact of office-based physicians in all 50 states and the District of Columbia.
The Louisiana State Medical Society (LSMS) conducted an electronic survey of its members beginning July 12, 2010, and ending August 6, 2010, in an effort to determine how LSMS member-physicians were responding to the latest announcements of reimbursement cuts in both the Medicare and Medicaid programs, specifically on how it may change participation rates in these programs. Read the Executive Summary & Detailed Findings.
General Information About the LSMS
The LSMS is a dynamic network of more than 6,500 medical students, residents, practicing physicians and academicians across all specialties who represent organized medicine at its best. The LSMS and its chartered Component Parish Societies are a unified membership representing 42 Component Parish Societies.
In 1878, 80 physicians representing 15 parishes gathered in New Orleans on January 14-16, and formed the Louisiana State Medical Association. The name would later be changed to the Louisiana State Medical Society (LSMS). Since its inception in 1878, the LSMS and its chartered Parish Component Societies have worked together for a singular purpose: to advance health care in the state of Louisiana. The LSMS is dedicated to support the physicians of Louisiana in continually improving the provision of quality health care for its citizens.