Rural Physician Workforce Production Act of 2023

The Rural Physician Workforce Production Act of 2023 creates a new Medicare payment to incentivize medical residency training in rural areas. Hospitals can receive additional funding for residents who spend at least 8 weeks in rural training locations or for residents in programs where over half of training occurs in rural settings. The payment amount is based on updated national medical residency training costs, adjusted annually for inflation. This bill aims to increase the number of physicians trained for rural practice by providing financial incentives to hospitals, critical access hospitals, and sole community hospitals.