L.A. Care Announces $2M Round of Medical Student Debt Relief for 14 Safety Net Physicians - Los Angeles Business Journal

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Westlake-based L.A. Care Health Plan this period announced different circular of $2 cardinal successful grants for pupil indebtedness indebtedness alleviation for 14 physicians who are moving astatine information nett aesculapian providers – clinics and practices that supply attraction careless of a patient’s quality to pay.

Baackes

“Nearly 90% of aesculapian schoolhouse graduates person immoderate pupil indebtedness debt, and the mean magnitude owed is much than $241,000. That has contributed to the shortage of superior attraction physicians successful underserved communities,” John Baackes, L.A. Care’s main executive, said successful the Jan. 5 announcement. “L.A. Care is committed to ensuring its members, galore of whom are low-income radical of color, person entree to high-quality physicians.”

L.A. Care Health Plan is simply a nationalist insurer that serves much than 2.7 cardinal members successful Los Angeles County, making it the largest publically operated wellness program successful the country.

This is the sixth circular of Provider Loan Repayment Program grants successful L.A. Care’s $155 cardinal Elevating the Safety Net initiative, which launched successful 2018 to recruit, bid and clasp highly qualified superior attraction physicians astatine hospitals, clinics and different aesculapian providers that supply attraction to each patients, careless of their quality to pay.

Since the motorboat of Elevating the Safety Net, L.A. Care – with the assistance of Uncommon Good, a Claremont-based nonprofit that helps place the due grantees – has awarded astir $26 cardinal successful indebtedness repayment grants successful enactment of 158 physicians.

The indebtedness repayment programme is 1 of respective programs nether the Elevating the Safety Net initiative.

Another programme offers grants of up to $125,000 per aesculapian radical to supply wage subsidies, relocation costs and different bonuses truthful agelong arsenic the physicians supply attraction careless of the patients’ quality to pay.

A 3rd programme provides aesculapian schoolhouse scholarships: 4 per twelvemonth astatine the David Geffen School of Medicine astatine UCLA successful Westwood and 4 per twelvemonth astatine the Charles R. Drew University of Medicine and Science successful Lynwood.

Howard Fine

Howard Fine

Howard Fine is simply a 23-year seasoned of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won respective awards, including Best Body of Work for a azygous newsman from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

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