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Search Results for: main street lending program

Practice Financing Updates—Main Street Lending Program & CARES Act Allocations

Larger practices seeking financial support during the health crisis may apply for relief via the Federal Reserve’s Main Street Lending Program. In addition, HHS has begun…

Federal Reserve Updates Main Street Lending Program FAQs to Encourage Broader Lending

The Federal Reserve on Friday updated the FAQs for the Main Street Lending Program to encourage banks to consider borrowers’ pre- and post-pandemic financial condition when reviewing loan…

Main Street Lending Program Now Fully Operational

The Federal Reserve Bank of Boston today announced that the Main Street Lending Program, which will lend up to $600 billion to small and midsize businesses affected by the…

Federal Reserve Opens Main Street Lending Program for Small and Midsize Businesses

The Federal Reserve has opened its Main Street Lending Program, which will lend up to $600 billion to small and midsize businesses affected by the COVID-19 pandemic,…

Main Street Lending Program

The Federal Reserve yesterday provided new information about the Main Street Lending Program, which is designed to target midsize businesses too large to qualify for the Paycheck Protection Program…

Curi Webinar on Practice Financing Options

Curi’s webinar series continues next Thursday, May 7, with “Keeping the Doors Open in a Pandemic: Practice Financing and Relief Funds.” Curi’s Senior Vice President of…

New Paycheck Protection Program Loan Forgiveness FAQs Issued

The federal Small Business Administration has issued new FAQs addressing borrower and lender questions about forgiveness for Paycheck Protection Program loans. To view the FAQs, click here.

Paycheck Protection Program Application Now Available

The U.S. Department of the Treasury today released the guidelines and application form necessary to apply for and receive loans under the Paycheck Protection Program (PPP)…

What are some of the initial business operational steps we should take prior to reopening?

Identify a practice operations manager if you don’t have one. This will be the go-to person for anything related to operations at the practice. Confirm that…

Federal Government Releases PPP Loan Data

The U.S. Small Business Administration (SBA) yesterday released data about recipients of loans made under the Paycheck Protection Program (PPP). For businesses receiving $150,000 or more in PPP funds, SBA…

Provider Relief Fund Distributions

HHS has announced how it will allocate the remaining $70 billion from the Public Health and Social Services Emergency Fund under the CARES Act. $20 billion will be…

Response Deadlines for Federal Financial Support Programs Extended

Deadlines have been extended for two federal programs created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act that providers and practices can use for…

Federal Government Re-Opens Paycheck Protection Program, Issues New Guidance

The U.S. Department of the Treasury and the Small Business Administration this week re-opened the Paycheck Protection Program. The program opened on Jan. 11 for businesses that…

Small Business Administration Modifies Paycheck Protection Program Application Process

The U.S. Small Business Administration this week updated several elements of the application process for Paycheck Protection Program (PPP) funding, including establishing a 14-day, exclusive application period for…

Deadline Tonight for North Carolina Financial Support Program for Practices

The deadline for North Carolina’s state-funded Financial Recovery Program, which offers financial support to practices experiencing financial strain due to the COVID-19 pandemic, is midnight on Nov. 30.

Application Period Begins for North Carolina Financial Support Program for Practices

North Carolina’s state-funded Financial Recovery Program, which offers financial support to practices experiencing financial strain due to the COVID-19 pandemic, is now accepting applications.

Changes to Medicare Accelerated and Advance Payments Program Repayment Terms Benefit Providers

Revisions to the repayment provisions of the Medicare Accelerated and Advance Payments program have been included as part of a federal government funding bill signed into law this…

North Carolina Job Retention Grant Program Application Deadline Next Week

North Carolina practices have until next Tuesday, Sept. 1, to apply for funds through the state’s Job Retention Grant (JRG) Program, which offers up to $250,000…

Small Business Administration Issues Regulations for Implementing Paycheck Protection Program Flexibility Act

The federal Small Business Administration (SBA) has released its first set of regulations implementing the new Paycheck Protection Program (PPP) Flexibility Act, which became law late last…

New Law Modifies Elements of Paycheck Protection Program

President Trump on Friday signed the Paycheck Protection Program (PPP) Flexibility Act of 2020, which updates provisions of the original law for small businesses. While the law…

COVID-19 Accelerated and Advance Payment Program Repayment Period Begins

The repayment period began last week for the COVID-19 Accelerated and Advance Payment (CAAP) Program. CAAP, enacted in March 2020, was designed to provide advance funds…

North Carolina Financial Recovery Program Webinar

The North Carolina Medical Society Foundation is hosting a webinar on Nov. 10 to offer an overview of the state’s Financial Recovery Program.

Paycheck Protection Program Application Deadline Extended

President Trump on Saturday signed a new law extending the application deadline for the Paycheck Protection Program (PPP) until Aug. 8. The application deadline was originally June 30.

Small Business Administration Announces Increased Disclosure About Paycheck Protection Program Recipients

The U.S. Small Business Administration on Friday announced that it will publish details about recipients of Paycheck Protection Program (PPP) funds. SBA will disclose business names,…

Federal Small Business Administration Reopens Loan Program for Businesses Affected by COVID-19

The U.S. Small Business Administration yesterday reopened the Economic Injury Disaster Loan (EIDL) program and the EIDL Advance portal. The EIDL offers long-term, low-interest loans to…

Paycheck Protection Program Loan Forgiveness Application Available

The U.S. Small Business Administration has released an application that recipients of Paycheck Protection Program (PPP) funds can use to seek forgiveness for those loans. The…

Get Ready to Apply for the Paycheck Protection Program

We continue to urge practices to be ready to apply for federal Paycheck Protection Program funds likely coming available later this week as part of the evolving second-round…

Paycheck Protection Program Signed Into Law

President Trump earlier today signed into law another interim COVID-19 relief bill, which includes an additional $310 billion for the Paycheck Protection Program for small businesses.

Preparing for Second Round of Federal Paycheck Protection Program  

With Congress in the final stages of negotiating a second round of Paycheck Protection Program (PPP) funds to help small businesses, we urge practices to be ready to…

Understanding the Paycheck Protection Program (PPP)

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Quality Payment Program Reporting

The Centers for Medicare and Medicaid Services yesterday announced relaxed reporting requirements for the Quality Payment Program. The measure, which aims to support providers and practices struggling to fight COVID-19, extends the deadline for measure reporting and data submission.

Paycheck Protection Program Guidance for Employees Refusing to Return to Work

This document provides Paycheck Protection Program guidance regarding employees who refuse to return to work after a business reopens.

Once this national emergency has ended, what are Curi’s recommendations for implementing a compliant telehealth program?

Here are the steps we recommend: Check your specialty association for telehealth resources. For example, The American Academy of Pediatrics has “Getting Started in Telehealth” resource…

What steps does our practice need to take to receive/administer the COVID-19 vaccine when it is available?

Refer to CDC guidance on how to enroll as a healthcare provider and contact your state or local immunization program. States should be sending out notifications…

Provider Funding Support News

The general distribution application portal for the next round of $20 billion in funding from the federal CARES Act Provider Relief Fund is now live.

Who will pay for the vaccine?

This will depend on age, employment, and government-funded programs. According to the CDC, vaccine doses purchased with U.S. taxpayer dollars will be given to the American…

CMS Expands Support for Providers With Financial Challenges

CMS has released a fact sheet detailing how providers can quickly access funds through its Accelerated and Advance Payment Program. These funds may support practices and other entities…

How does the COVID-19 virus spread?

Per the CDC, the current understanding of spread is based on what they know about similar coronaviruses: Person-to-person spread in close contact (within about 6 feet)…

Now that the Pfizer vaccine has received final approval by the FDA, does this affect the emergency use authorization (EUA) and does it change what we are currently doing?

No, it does not currently change what you are doing, and the EUA is still in effect since the FDA-approved Pfizer vaccine does not cover all…

HHS Allocates Additional Funding for COVID-19 Testing in Uninsured

HHS this week announced that it is directing $4.8 billion from the American Rescue Plan to the COVID-19 Uninsured Program. The funding will enable providers to…

Funeral Assistance Included in Most Recent COVID-19 Legislation

The American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, includes a provision extending financial assistance for COVID-19-related funeral expenses incurred…

Funeral Assistance Included in Most Recent COVID-19 Legislation

The American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, includes a provision extending financial assistance for COVID-19-related funeral expenses incurred…

New Law Extends PPP Application Period

President Biden last week signed into law a two-month extension of the application period under the Paycheck Protection Program (PPP). Business owners now have until May…

CMS Relaxes MIPS Penalties Due to COVID-19 Public Health Emergency

The federal Centers for Medicare and Medicaid Services (CMS) last week announced that it will hold providers eligible for the Merit-Based Incentive Payment System (MIPS) harmless…

Are we required to make accommodations if our employees refuse to take the vaccine?

Federal mandates do allow for some exemptions to mandatory vaccination policies, such as disabilities and sincerely held religious beliefs that may require reasonable accommodations to be…

Deadline for North Carolina Independent Practices to Order Free PPE This Sunday 

Independent practices in North Carolina have until this Sunday, Nov. 15, to order free personal protective equipment provided by the North Carolina Medical Society.

Federal Government Streamlines PPP Loan Forgiveness Application for Small Businesses

The U.S. Small Business Administration last week announced a new, simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.

CMS Extends Repayment Period for Medicare Loans to Providers During COVID-19

The Centers for Medicare and Medicaid Services has announced new terms for payments issued to providers through the Accelerated and Advance Payment (AAP) program, which provides emergency advance payments in emergency situations.

Small Business Administration Clarifies Guidance on Ownership Changes for Small Businesses With PPP Loans

The U.S. Small Business Administration has issued guidance clarifying when small businesses with Paycheck Protection Program loans need to receive approval for changes of ownership.

Free PPE Available to Independent Practices in North Carolina

The North Carolina Medical Society is offering free personal protective equipment for independent practices. The available PPE includes N95 masks, KN95 masks, procedure masks, gowns, gloves,…

Should pediatric practices administer the flu vaccine to parents/guardians during the COVID-19 pandemic?

Ideally, parents of pediatric patients should receive the flu vaccination from a provider who treats adults. However, immunizing the parent in the pediatric office, especially during…

North Carolina Medical Society Distributing Free PPE to Independent Practices

The North Carolina Medical Society (NCMS) last week announced that it is distributing free personal protective equipment (PPE) to independent medical practices in the state, via…

HHS Further Extends Provider Relief Fund Application Deadline for Medicaid Providers

The federal Department of Health and Human Services (HHS) on Friday extended until Aug. 28 the deadline for providers participating in Medicaid and CHIP (but not Medicare) to apply for support from the Provider Relief Fund.

HHS Updates Provider Relief Fund FAQs

CMS has added new FAQs on the CARES Act Provider Relief Fund to its program website. The relevant questions concern additional information about the expenses and lost…

If a practice wants to continue telehealth sessions after this national emergency has ended, what are the tasks to consider?

Contact your Curi Underwriter or Agent to discuss further with you. Consider where you plan to provide these services as some states may be restricted. Licensure…

New CMS Waivers and Rules

CMS yesterday announced a number of new regulatory waivers and rule changes to provide flexibility during the COVID-19 pandemic. The actions include changes making it easier for beneficiaries…

MIPS 2019 Submission Deadline Approaching 

As a reminder, the 2019 submission deadline for the Merit-Based Incentive Payment System (MIPS) is on April 30—extended from the original date of March 31 due to the COVID-19…

Curi Staffing Initiative Connects Physicians With Opportunities to Contribute 

Curi today unveiled a partnership with OnCall Physician Staffing to connect physicians looking for work with communities and healthcare systems in need of their expertise. Doctors can sign up for the program here.  

HHS Opens CARES Act Payment Attestation Portal  

HHS has released a new website allowing providers who have received payments under the CARES Act to confirm receipt of the funds and agree to the program’s terms and conditions. The portal is available here. 

HHS Provides Clarification on CARES Act Provider Relief Fund

HHS has updated its website for the CARES Act Provider Relief Fund to clarify that not having treated a suspected or actual COVID-19 patient does not…

Curi’s Resources for Running Your Business During COVID-19

Curi has partnered with Medical Management Associates, Inc. and Smith Anderson to develop a dedicated Business Resource Guide for practices during this time. The comprehensive guide offers advice on planning for your practice’s future, managing finances during the health crisis, furloughing or terminating staff, and meeting your commitments to employees.

COVID-19 Additional Information Resource Links

This list of resource links includes up-to-date information on the epidemic from organizations, including the CDC, World Health Organization, and state and local health departments.

Curi Capital’s Financial Support Services

Our financial advisory affiliate is offering support services to all Curi members during this time of need at no additional charge.

Curi Blog Post on Establishing Connections to Maintain Well-Being

A new blog post by Curi’s Health Strategy and Well-Being lead, Jason Horay, looks at how cultivating a sense of connection can help physicians maintain mental well-being in…

How can practices ensure proper maintenance of the EMR and timely chart documentation during this reopening period?

Verify updates to the system are current. Ensure proper system back-ups are occurring, at a minimum, on a daily basis. Develop a process to chronicle all…

How should practices communicate with established chronic care patients who require regular maintenance?

Develop a process to identify your established, chronic care patients and assign staff to review the list of patients to flag for necessary follow up. Begin…

Caring for Yourself & Others During the COVID-19 Pandemic

Curi’s Health Strategy & Well-Being lead has curated resources to help physicians and their practices cope with the anxiety and stress stemming from the pandemic.

Can we mandate patients to get the COVID-19 vaccine to stay in our practice?

There is currently no definitive guidance, at the state or federal level, that answers this question either “yes” or “no.” Generally, practices can discharge patients for…

Now that the CDC has lifted mask requirements for fully vaccinated individuals, how will this affect healthcare settings?

Currently, per CDC guidelines, the use of personal protective equipment remains unchanged in healthcare settings, which includes physician offices. Detailed information can be found in the…

Can we require our employees to take a COVID-19 vaccine?

The U.S. Department of Justice’s (DOJ) Office of Legal Counsel issued an opinion in July 2021 stating that federal law does not prohibit private businesses and…

Overview: How do we get back to business?

Curi’s recommendations and comprehensive resources to help practices manage the re-opening process in the midst of the pandemic.

Overview: How do we get back to business?

Click on the links below to read Curi’s recommendations related to practice reopening. Business Operations What are some of the initial business operational steps we should…

IRS Extends Deadline for Forms 5500 Due Before July 15, 2020

Employers should work with their tax advisors to determine if any upcoming tax filing or payment deadlines, including the Form 5500, have been postponed.

What are the practice’s responsibilities if we find out a patient or employee tested positive?

If an employee (including physicians) or patient tests positive for COVID-19, you need to first determine the level of exposure. Potential exposure occurs two days prior…

What should I do if I have an employee report that he/she is sick with respiratory symptoms?

Follow CDC guidelines for managing employees who are sick. Decisions should be coordinated with your local health department, depending on the circumstances and how likely the…

What are the technical infrastructure requirements of telehealth?

Telehealth is a valuable tool. Technical infrastructure requirements will vary depending on what type of telehealth services your organization plans to offer, but nearly all telehealth programs require:…

Why does Curi recommend using a COVID vaccine consent form when the FDA, the CDC and most states do not require a signed consent?

While many states do require parental/guardian consent for minors (check with your state for minor requirements to vaccinate), the FDA, the CDC, and individual states have…

Where can I get training for COVID-19 immunization?

The CDC offers education and training programs for healthcare personnel. Find more information on their dedicated Immunization Education and Training website.

Can we stop precautions once an individual is vaccinated and has been proven to have immunity through antibody testing?

For healthcare settings precautions should still be used even if someone has been fully vaccinated and proven to have immunity from the vaccine. Employees and patients…

Will the COVID-19 vaccine cause you to test positive?

http:www.cdc.gov/coronavirus/2019-ncov/vaccines/vaccine-benefits/facts.html No, vaccines currently in clinical trials in the United States will not cause patients to test positive on the viral test used to detect infection….

Will there be liability protection for administering vaccines?

Yes. According to “The PREP Act and COVID-19: Limiting Liability for Medical Countermeasures,” during a public health emergency, the Secretary of Health and Human Services (HHS)…

If I have already had COVID-19, should I get vaccinated?

Data from clinical trials indicate that mRNA COVID-19 vaccines can safely be given to people with evidence of a prior SARS-CoV-2 infection. Vaccination should be offered…

What are the benefits and risks of the vaccine?

The benefits and risks will vary by vaccine. Some general benefits of getting a COVID-19 vaccine include: It will help keep you from getting COVID-19. Based…

Are there special requirements for storing the COVID-19 vaccine?

Yes. Depending on the manufacturer, there are specific requirements for storing vaccines. Knowing these requirements prior to requesting your vaccine is essential, so you can choose…

What precautions do we need to take if we have providers who want to participate in a COVID-19 clinical trial?

It depends on the type of vaccine. Some live attenuated vaccines could potentially cause post-vaccination shedding of the virus to susceptible persons, requiring extra precautions to…

HHS Delays Enforcement of Parts of Interoperability Rule

Citing the need for healthcare organizations to focus on responding to COVID-19, the U.S. Department of Health and Human Services yesterday announced that it is delaying enforcement of certain elements of the interoperability rules in the 21st Century Cures Act.

Can we offer a drive-through flu clinic to administer flu shots?

Yes, you can offer a drive-through clinic; however, you need to follow the same process as your in-office vaccine administration inclusive of:  Verification of patient identity…

Medical Societies Help Practices Identify New Sources of Personal Protective Equipment

The Medical Society of Northern Virginia has announced a partnership with Vulcan PPE to help its physician practices acquire necessary personal protective equipment. MSNVA member (and…

HHS Updates Reporting Requirements for Recipients of Provider Relief Fund Payments

In an update to its CARES Act FAQs, HHS has clarified that Provider Relief Fund recipients do not need to submit a quarterly report, although future…

HHS Announces Updates to Provider Relief Fund

HHS today announced that it plans to distribute approximately $15 billion to eligible providers that participate in state Medicaid and CHIP programs and have not received…

What steps should be in place for patient arrival in order to prepare for the reopening of the practice?

Consider establishing Non-COVID Care (NCC) zones to screen all patients for symptoms of COVID-19, including temperature checks. Require patients to complete Pre-screening COVID-19 Tool. Routinely screen…

Family Well-Being

These resources detail several strategies to help families of healthcare workers cope with increasing distress and concerns.

Connection & Social Isolation

When we feel connected, our stress levels are lower, our health is better, and we’re more engaged in our work. We’re better able to serve our passion for helping people and are less likely to feel burned out. Supportive relationships matter. These resources outline how the role of social connectedness plays in combating burnout among medical professionals. 

Curi Telehealth Webinar Tomorrow

The third installment in Curi’s COVID-19 webinar series, “Telehealth Pre- and Post-COVID: Regulations, Telepresence, and Finding Success in This New Normal,” will take place at noon…

Curi Telehealth Webinar Next Week

The third installment in Curi’s COVID-19 webinar series, “Telehealth Pre- and Post-COVID: Regulations, Telepresence, and Finding Success in This New Normal,” will take place next Thursday,…

How will we get back on track for scheduling patients?

Once a scheduling plan is developed, communicate this plan to all scheduling staff. The goal will be to efficiently schedule patients and maximize the provider’s availability….

New Curi Article on Physician Well-Being During the COVID-19 Crisis 

A new blog post (part II in a new series) by Curi’s Health Strategy and Well-Being lead, Jason Horay, looks at how finding joy in work can help healthcare professionals…

Freezing Pension (Cash Balance) Accruals to Enhance Financial Flexibility

Employees may be eligible to “freeze” cash balance pension plans to eliminate “normal cost,” which is typically the largest component of a plan’s required contribution.

HR|Experts Webinar: Caring For Yourself & Others During the COVID-19 Pandemic

Physicians and their practices are dealing with higher-than-normal levels of stress, anxiety, worry, and emotional and physical exhaustion as the COVID-19 virus continues to spread. On…

Well-Being Learning Opportunities via Stanford Wellness

In response to the COVID-19 pandemic, Stanford Wellness is offering their ‘Fireside Chat’ series for free. These 30-minute conversations offer strategies for coping and improving emotional health…

Once this national emergency has ended, how should our practice transition out-of-state patients who are currently being seen via telehealth?

Practices should create a procedure for handling these patients with the following recommendations: Determine whether the practice will continue with telehealth following the National Emergency, and…

What are your recommendations on temporarily opening a daycare at our practice?

While we understand the dilemma healthcare workers are facing, we would not recommend setting up a daycare center in a healthcare facility, especially at this time….

Does my policy cover telehealth?

Yes. Curi’s medical professional liability policy will cover telehealth visits for insured physicians during this declared National Emergency—extending, without conditions, for the later of either sixty…

What are the risks and concerns we need to keep in mind if we transition to “emergency-only” appointments?

Be sure your providers are involved in the decision and the process for triaging which patient visits can be canceled and postponed to a later date…

What is the difference between self-monitoring, quarantine, and isolation?

Self-monitoring is for those that may have been exposed to a person with COVID-19. Self-monitoring means people should monitor themselves for fever by taking their temperatures twice…

Who needs personal protective equipment (PPE)?

As communities across the U.S. take steps to slow the spread of COVID-19 by limiting close contact, people are facing new challenges and questions about how…

Regular rent costs have become a significant burden on our practice. Do you have any recommendations for mitigating this challenge?

In the wake of the COVID-19 crisis, many medical practices are struggling with larger outbound cash obligations as they work to preserve their businesses. In particular,…

Curi’s Guidance on Rent Relief

Rent costs have become a significant burden for practices that are experiencing a loss of revenue during this time. Curi has curated guidance on how to mitigate this challenge and minimize long-term negative financial impact.

What are the new requirements on prescribing controlled substances through telehealth?

Due to COVID-19, a nationwide public health emergency was declared on Jan. 31. As such, The Drug Enforcement Administration (DEA) has relaxed rules previously in place…

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