LACMA

LACMA Reveals Q1 Practice Makeover Winners

Written by PNN | May 18, 2023 1:26:00 PM

  • LACMA's Medical Practice Makeover Initiative, launched in 2022, awards grants, consulting, and resources to practices in need every quarter.

  • Q2 Applications open through May 26, APPLY HERE

The Los Angeles County Medical Association today announced the first quarter winners of its Practice Makeover Initiative.

LACMA's Medical Practice Makeover Initiative, launched in 2022, awards grants, consulting, and resources to three practices that meet certain criteria every quarter. 

"The program was a complete success! I used the grant towards office equipment repairs and it opened my eyes to Practice Development, AR & Billing. I've seen improvement in my collections and numbers. Thank you LACMA! " Cheryl Powell, MD, Los Angeles, CA
 

"Congratulations to our Q1 Practice Makeover winners, Drs. Powell, Shafai, and Yeh," said LACMA CEO Gustavo Friederichsen. "The Practice Makeover Initiative is more than a slogan. It’s a promise to small, independent medical practices that help is on the way. Since 2022, more than 20 practices received $5,000 grants along with robust resources, PPE supplies, practice assessments, and consulting. 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 three 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.
  

Eligibility Criteria: 

  • Must be an annual LACMA Member

  • Must be located in LA County

  • All physicians within the practice must be LACMA members in good standing (monthly membership ok)

  • Practice does not have any legal liabilities, judgments, liens, or medical board investigations

  • Practice must agree to site visit(s) from LACMA staff after the grant is awarded

  • Videotaping/interviews to capture impact (before and after)

  • A 90-day follow-up assessment to chronicle outcome and impact

  • Provide data (spreadsheet) on how funds were used. This information will be compiled and used to evaluate future LACMA initiatives. 

Additional consideration will be given to practices that:

  • Serve a severely impacted community

  • Laid-off or furloughed staff

  • Closed or reduced hours

  • Demonstrate and validate economic hardship

  • Practice has fewer than 10 providers

​2023 Application Deadlines: 

  • Quarter 2 deadline: Friday, May 26, 2023

  • Quarter 3 deadline: Friday, August 25, 2023

  • Quarter 4 deadline: Friday, November 24, 2023
View full post