Based on the membership count at the end of each December, the NBMS will allocate $100/Ordinary member for the upcoming year to be made available to the Medical Staff Offices (MSOs) and District Medical Societies, to assist them in enhancing support structures, providing additional resources, and fostering improved communication.

Dollar Allocation

This amount will be updated each December for the upcoming year.

Based on December 2024 membership counts, the funding allocation for 2025 is:

To receive funding, MSOs and District Medical Societies are invited to submit a workplan to the NBMS, outlining their goals for the upcoming year.

The workplan must:

• Align with the objectives of enhancing support structures and fostering improved communication
• Be endorsed by both the Medical Staff Office and the District Medical Society president(s) within the Health Region
• Include a budget

Eligible expenses include, but are not limited to:

• Stipend for local physicians involved in organizing or overseeing events
• Costs related to administrative support
• Communication tools (hardware, software, printing costs)
• Fees for event speakers
• Accreditation fees for continuing medical education events
• Venue rentals
• Catering

The workplans submitted on behalf of the MSOs and District Medical Societies will be reviewed by the senior management team of the NBMS. Funding will be awarded based on the health region’s annual funding allocation.

For more information and guidance on the application process, please contact Caroline Paquin, Assistant Manager Finance, at (506) 259-5445 or cpaquin@nbms.nb.ca.

MSOs and District Medical Societies’ Financial Responsibility

• Upon approval of the annual workplan, the NBMS will forward funds to the MSOs and District Medical Societies, based on the allocation and budgets contained within their approved annual workplans.
• MSOs and District Medical Societies are required to provide bank account details and contact name to the NBMS Finance Department, for direct deposit of the funding.
• MSOs and District Medical Societies are responsible to pay vendors directly for expenses incurred in relation to their annual workplan. The NBMS assumes no responsibility for these expenditures.

Reporting Requirements

At the end of each calendar year, those MSOs and District Medical Societies who received funding must submit a report to the NBMS’s senior management team, confirming the actions/initiatives undertaken during the past year, outcomes achieved, and funds spent in relation to funding support received. Upon receipt of this report, the MSOs and District Medical Societies’ presidents are then able to apply for funding for the upcoming year.

Program Review

The program will be monitored by the Finance and Human Resources Committee and reported back to the NBMS Board of Directors.