The Physicians' Foundation (PF), www.physiciansfoundations.org/ is a grant making foundation with assets of $98 million. PF was established in 2004 as part of a settlement in an antiracketeering class action lawsuit between physicians, medical societies including El Paso County Medical Society (EPCMS), and Aetna, Inc. To learn more about the lawsuit, visit the HMO Settlements website
PF devotes its resources to helping practicing physicians improve the care they deliver to their patients. The foundation provides grants to nonprofit organizations for practice-based, innovative projects that provide physician education or address quality of care or patient safety issues.
Foundation board members reviewed 400 grant applications from nonprofits all over the nation to choose 26 grantees for 2005. The one- to three-year grants range in size from $100,000 to $1 million, depending on the size and scope of the project. EPCMS and their partners, Dallas County Medical Society and Travis County Medical Society in Texas, received one of the initial grants. This grant establishes PracticeNet Solutions.