Monday Rx: Year-End Legislative Report, CMA Advocacy Day, Practice Makeover, Elections and PPE Supplies February 6, 2023 152nd Elections, 2023 Federal Advocacy Agenda, Board of Directors, California Medical Association, Healthcare Burnout Symposium, House of Delegates, Legislative Advocacy Day, Medical Practice Makeover, Medical Practice Valuation, Physician Practice Valuation 101, PPE, PPE supplies 979 CMA 2022 Year-End Legislative Report and 2023 Federal Advocacy Agenda 2022 ended with long-sought victories on prior authorization, telehealth, more GME residency positions, reduced costs for prescription drugs, and a student loan forgiveness expansion for California physicians but a disappointing finale for Medicare payment. While Congress stopped 6.5% of the 8.5% projected Medicare payment cut, physicians will experience a 2% cut in 2023. CMA is extremely upset about the cut and will be aggressively pushing Congress to overhaul the Medicare payment system in 2023 to provide an annual inflation update, exemptions to the budget neutrality cuts, reducing administrative reporting burdens, and allowing more physician-led alternative payment models. Please see the report for more details. Legislative Report Join CMA for the 49th Legislative Advocacy Day CMA will host its 49th annual Legislative Advocacy Day in Sacramento on Wednesday, April 19, 2023. Attendees will have the opportunity to meet with legislators on priority health care issues. Meetings with local legislators will be coordinated by LACMA staff. This unique event is free of charge to all CMA and LACMA physician members, residents and medical students. Plan to join your colleagues as they prepare to lobby their legislative leaders and serve as champions for the house of medicine! If you are interested in participating in this year’s event, please click the button below to register. Register Q1 Practice Makeover Is Now Open! LACMA's Medical Practice Makeover Initiative is more than a slogan. It’s a promise to small, independent medical practices that meet certain criteria, that help is on the way. In 2022, a total of 20 practices received $5,000 grants along with robust resources, PPE supplies and a practice assessment. The success of the program in its first year demonstrated the need to extend the Medical Practice Initiative into 2023. For 2023, a total of $50,000 will be awarded to practices, with 3 winners announced each quarter - 2 new awardees and 1 returning awardee. New awardees will receive $5,000 and past winners who re-apply and win will receive $2,500. The deadline for Quarter 1 is March 3, 2023. Apply Today The 152nd Elections Are Around the Corner We are holding our 152nd Annual Election this coming June. There are vacancies on the LACMA Board of Directors and the LACMA Delegation to the CMA House of Delegates. Active members of LACMA and CMA have the privilege of voting for their preferred candidates. To learn more about the open positions, please click below. The deadline to submit nominations is March 1, 2023. If you have any questions, please contact Lisa Le at lisa@lacmanet.org. 152nd Election Information PPE Supplies for Practices in Need LACMA still has a supply of PPE if you are a practice in need of additional masks, gowns, and goggles. Please contact Sheila Hoyer at sheila@lacmanet.org to coordinate pick up from our offices in Downtown Heal Your Career & Avoid Burnout at the Healthcare Burnout Symposium Two weeks to go until the historic burnout symposium! The speaker lineup includes HHS Secretary Xavier Becerra and new California Surgeon General Dr. Diana Ramos. There will be over 40 breakout session speakers covering topics essential to physician wellness. Our members have shared that burnout, along with reimbursement, staffing, and access to care are top issues and all will be covered over the two days. We have 140+ registrations but only 42 from the Los Angeles area. CMEs are offered and as a LACMA member, we’ve negotiated $400 off your registration. In addition, any group of 3 or more that register together gets an additional 15% off the registration costs, so the savings are significant. As part of the registration, you will also be able to have on-demand access to all sessions for up to six months – and earn CMEs for any sessions viewed online as well. Dates: Thursday, February 23 - Saturday, February 25, 2023 Location: UCLA Luskin Conference Center Register Medical Practice Valuation & Current Trends in Physician Practice Transactions Join us in this informative webinar alongside one of our newest preferred partners, Transition Consultants. Webinar will concentrate on key factors determining medical practice's value and current trends in physician practice transactions. Key Takeaways: Physician Practice Valuation 101 Key factors determining medical practice's value Who are the buyers and what are they looking for? If you're looking into retiring soon and selling your practice, or are curious about the value of your practice, then you won't want to miss this! Date: Tuesday, February 28, 2023 Location: Zoom Time: 6:00 PM - 7:00 PM Register #MondayMessage Mental health is not a destination, but a process. It’s about how you drive, not where you’re going. Gustavo Friederichsen Chief Executive Officer Los Angeles County Medical Association “If it matters to our LACMA members, it matters to me.”