95% of survey respondents highlight physician
wellness as critical
Scotiabank, CMA and MD Financial Management
announce $15 million Physician
Wellness+ Initiative in response
TORONTO, Oct. 1, 2020 /CNW/ - In a recent survey of
Canadians to gather their views on the long-term effects of the
COVID-19 pandemic, 93% of respondents said that they were concerned
about the impact it would have on the Canadian health care system.
Nearly all survey respondents (95%) said that the health and
wellness of physicians impacts the health of all
Canadians1.
Scotiabank, in partnership with the Canadian Medical Association
(CMA) and MD Financial Management Inc. (MD), announced today the
creation of the Physician Wellness+ Initiative, with $15 million targeted to address the urgent and
ongoing health and wellness needs of physicians and medical
learners.
"COVID-19 has impacted our communities from coast to coast, and
physicians stand at the centre of our country's ability to
respond," says Glen Gowland, Group
Head, Global Wealth Management at Scotiabank. "Scotiabank is proud
to have made contributions that will help alleviate challenges
posed by COVID-19 and to now contribute additional longer-term
funding to support the health and wellness of the medical
profession."
"Being a physician today comes with a great many stressors –
diminishing resources, heavy workloads, not to mention the risks
associated with COVID-19," says Dr. Ann
Collins, CMA President. "We need to take care of our medical
community in order for them to take care of patients. This funding
will address the needs of physicians and medical learners by
leveraging and bolstering existing health and wellness
infrastructure while also extending support in new ways."
"For more than half a century, MD has proudly supported
physicians so they can better focus on their critical role: looking
after the health of Canadians," says Daniel Labonté, President and
CEO, MD. "Canadian physicians work to an exceptional standard, and
we are pleased to stand behind the Physician Wellness+
Initiative."
Funds will be distributed to provincial and territorial medical
associations and key medical organizations that are deeply rooted
in the medical community and best attuned to the needs of
physicians in their respective areas and fields. In addition,
physicians, their families and their health care colleagues
will continue to have access to existing support programs: details
can be found here.
Scotiabank, MD and the CMA are dedicated to supporting the
medical profession and advancing health in Canada, having
committed a total of $34.5 million to
date through this collaboration. To learn more, please visit
md.ca/physicianwellness.
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 approximately
$1.2 trillion (as at July
31, 2020), Scotiabank trades on the Toronto Stock
Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit our website and follow
us on Twitter @ScotiabankViews.
About the Canadian Medical Association
The Canadian Medical Association is the national voice
of Canada's medical profession. We work with physicians,
residents and medical students on issues that matter to the
profession and the health of Canadians. We advocate for policy and
programs that drive meaningful change for physicians and their
patients.
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
$52 billion in assets under
management as of August 31,
2020. MD Management Limited was the first of the MD
Group of Companies to be founded, in 1969. MD Financial Management
Inc. wholly owns or has a majority interest in its seven
subsidiaries (the MD Group of Companies). It provides financial
products and services, is the fund manager for the MD Family of
Funds and offers investment counselling services. For a detailed
list of the MD Group of Companies, visit md.ca.
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1 The
online survey of 3,020 randomly selected Canadian adults was
conducted by Maru/Blue via the Maru Voice Canada panel, from August
6 to 9, 2020.
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SOURCE Scotiabank