2022-23 Year end Business Plan Update
The 2022-23 AMA Business Plan, approved in September was developed with a continued focus on essential deliverables, while working towards a new agreement with government. The ratification of the AMA Agreement in October, introduced several new deliverables, and created new policy opportunities, which were not part of the original business plan.
As a result, following the ratification of the Agreement, the Board undertook a review and produced a 2022-23 Business Plan Update, highlighting the new activities and providing an updated financial forecast.
New Activities
Most of the priority activities identified in the 2022-23 Business Plan remained, except for those related to the negotiations itself (Master Agreement negotiations, lawsuit, etc.). What changed in some cases, was how these deliverables could be achieved, with formal mandates in place under new agreement structures. Updates on these items are provided in Part 2 of this update below.
Updates on the new activities outlined in detail in the Business Plan Update document on the AMA website are provided in Part 1 of this update below.
Updated Budget Forecast
The budget forecast updated in Part 3, incorporates the shifts and net reduction in expected spending with the new agreement in place as well as the new revenue forecast.
Part 2 - Reporting against the original business plan activities
Update on KRA 1, Financial Health
The AMA assists and supports members in maintaining their financial health. This includes negotiating with payers to ensure fair compensation, the provision of practice management services and the offering of financial products. Members in training are supported through a number of scholarships and bursaries.
Update on KRA 2, Well being
The AMA supports members in maintaining healthy work-life integration, including being a leader in the development of a comprehensive physician health program. The AMA promotes and supports physicians contributing to the broader community through activities like the AMA Youth Run Club and Emerging Leaders in Health Promotion grant program. The AMA also supports physicians in their efforts to attain safe, healthy and equitable work environments.
Update on KRA 3, System partnership and leadership
The AMA supports members in their role as leaders within the health care system. This includes supporting physician leadership in developing innovations in care delivery and integration of primary and specialty care. Other activities include the AMA’s key role, with Alberta Health (AH) through the AMA Agreement, in developing and implementing the physician payment strategy for the province; several programs aimed at quality improvement; activities related to eHealth; and supporting the development of physician leadership skills.
Healthy AMA
Achieving the goals under the three Key Result Areas requires a healthy, vibrant and sustainable AMA.
