The board shall adopt rules in accordance with this subchapter relating to the licensing and regulation of physician graduates, including rules relating to:
(1) procedures and fees for the issuance, term, and renewal of a license under this subchapter, including continuing medical education requirements for renewal of the license;
(2) practices and requirements for the supervision of physician graduates; and
(3) any other matter necessary to ensure protection of the public, including disciplinary procedures.