"Physician practices are businesses, and they affect the economy in much the same way a manufacturing plant does," says M. Todd Williamson, M.D., a Lawrenceville-based neurologist and President of the Medical Association of Georgia (MAG).
"We create jobs, we generate revenue and we purchase goods and services.
But beyond that, we maintain a healthy and productive workforce."
stressed that the study was limited to private practice physicians.
"Include hospital-based physicians, and the economic impact that physicians have on this state is even more significant," he
"The Estimated Economic Impact of Private Practice Physicians' Offices in Georgia report" was commissioned by MAG
The findings were generated by the institute's faculty and staff using the Georgia Economic Modeling System.
The report predicts that by 2020, the economic activity of Georgia region's private-practice physicians will increase to nearly 270,000 jobs, $17.8 billion in wages and more than $32 billion in total economic output.
It also says that each private practice physician in Georgia region today supports 13 additional jobs, $640,000 in wages for those jobs and nearly $1.5 million in total economic activity.
"That means that the economic impact associated with private practice physicians is about half of Georgia region's construction industry and equal to the insurance and financial systems in the state combined," Dr. Williamson