Subsidiaries and programs
The OMA has three subsidiaries including OMA Insurance Inc., OntarioMD Inc., and the Ontario Medical Foundation. Through the work of the subsidiaries, OMA members have access to various services and supports, including digital health solutions and a range of insurance products and services. As the philanthropic arm of the OMA, the OMF provides financial bursaries for medical students and engages in various social impact and fundraising initiatives. Each subsidiary reports regularly to the OMA board on its activities. Additionally, there is representation from the OMA board on each of the subsidiary boards.
Ontario Medical Foundation
Established in 1967, the OMF is the charitable arm of the OMA. For 20 years, the OMF focused on its student bursary program, providing more than 2,000 bursaries totalling more than $6 million. In 2021, the board expanded its mandate to advancing health equity, social determinants of health and other systemic barriers.
OMA Insurance
OMA Insurance is a wholly owned subsidiary of the OMA. Since 1956, OMA Insurance has been an advocate for doctors, using the group buying power of the majority of Ontario’s physicians to provide medical professionals with the right insurance coverage at every stage of their career.
OntarioMD
Incorporated in 2004, OMD is a wholly owned subsidiary of the OMA that supports Ontario’s physicians in adopting digital health services, tools and solutions to accelerate information sharing across the health-care system. The organization works closely with the OMA and physicians to address the technological factors that contribute to burnout.
Programs
Physician Health Program
The PHP provides confidential support for individuals who are struggling with substance use and mental health concerns, as well as with other behaviours that have a personal and professional impact. It also offers support and education to physician leaders, hospitals and other worksites.
Advantages Retirement Plan
The Advantages Retirement Plan™ is a first-of-its-kind group retirement savings plan offered by OMA Insurance and established exclusively for all OMA members and their spouses or common-law partners. As your practice grows, you can use the plan to stay on track to reach your target retirement income.