COVID-19 Latest Updates and Resources

COVID-19 Topic: Practice Finances

What coverage & payment options is Curi offering to support practices during this time?

We recognize this is an unprecedented situation and that COVID-19 may lead some practices to face challenges making premium or deductible payments. We have developed three…

How will my MPL policy be affected if my practice is remaining clinically active, but COVID-19 is impacting our ability to pay our insurance premium?

We recognize the potential financial hardships our members have faced due to the COVID-19 pandemic. As a result and as your partner, in March we suspended…

How will my MPL coverage be affected if my practice must close for an indefinite period of time due to COVID-19?

Curi will offer a suspension of medical professional liability (MPL) coverage for a minimum period of 30 days, up to a maximum of one year. Your…

How will my MPL coverage be affected if my practice remains open, but I must reduce my provider or APP staff for an indefinite period of time due to COVID-19?

Curi will offer Leave of Absence (LOA) coverage for individual physicians and/or advanced practice providers (APPs) that carry their own individual limits of coverage for a…

How are you handling previous past-due payments (late prior to COVID-19)? Is Curi also delaying collection of those payments?

All invoicing has been suspended until June 30, 2020, including those that had been past due. All delayed premiums (along with any past due balances) will…

If we wish to continue making premium payments during this time, what’s the best way to handle?

We recognize the financial hardships our members have faced due to the COVID-19 pandemic. As a result and as your partner, in March we announced the…

How will delayed payments be reconciled?

Once the premium invoice suspension expires on June 30, 2020, practices will be expected to pay any due and/or overdue amounts. All delayed premiums (along with…

Does my policy cover me if I need to practice at another location?

Yes. Your Curi medical professional liability policy will cover you for temporary, professional services performed at a different location—e.g., parking lot drive-in clinic, other facility, or…

Does my policy cover me if I need to practice in another locality?

Curi will work with you to arrange coverage should you have to render professional services in another state during this emergency period. You should notify either…

Does my policy cover me if I practice outside my specialty?

Yes. If you are being asked to temporarily render professional services outside of either your specialty or scope of practice during this National Emergency, then your…

Does my policy cover additional staff to assist with the crisis?

Yes. Curi will provide coverage if you intend to add additional, temporary physicians and healthcare providers to address patient surges during this emergency. This includes currently…

What are the implications of the federal “CARES” Act/stimulus bill for my practice?

The newly passed federal Coronavirus Aid, Relief, and Economic Security (CARES) Act has significant implications for medical practices, including financial support for small businesses and changes…

We are retaining our APPs, but cutting back their hours. Can we get premium relief? Is there part-time status for APPs?

Part-time status is typically only available for physicians. However, throughout this national emergency, we will consider extending part-time status to APPs if they carry their own…

Will Curi allow physicians and APPs to drop down to part-time status during this time?

Curi will allow for part-time discounts immediately for physicians who qualify. Additionally, the minimum required time to be working part-time has been amended to 30 days,…

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 do I need to know about the Families First Coronavirus Response Act (FFCRA)?

Our Curi partner and HR consulting organization CAI has compiled several resources for understanding the act and how it will impact businesses and their staff. Here’s…

Does my policy cover patient claims involving COVID-19?

Yes. Curi has no plans to modify or restrict current coverage as it relates to COVID-19 patient claims. As always, coverage is subject to your policy’s…

Will Curi issue premium credit refunds to physicians who pre-paid the entire policy premium and are now in furlough or practicing part-time?

If an endorsement (amending policy coverage for furloughed providers, amending work status, or other changes) generates a premium reduction, those monies will be applied to future…

If Curi is not invoicing for any policies during the suspension period, will our policy be considered “renewed” if we do not make the first payment of our new policy term?

All invoicing has been suspended until June 30, 2020. Curi encourages all practices with the means and desire to make payments during this time to do…

What happens if a practice leaves Curi during the premium suspension?

Curi has suspended premium invoicing with the anticipation that any due and/or overdue premium will be paid at the end of the suspending period, June 30,…

Will tail coverage be affected by retired physicians returning to work during the emergency?

No. If you were a previous policyholder who retired and plan to come back to work to help during this National Emergency, you can rest assured…

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 COVID-19 Webinar Series

Curi recently hosted a six-week series of webinars designed to help practices weather the COVID-19 crisis with information and actionable guidance. Every Thursday from April 30th…

WEBINAR: Keeping the Doors Open in a Pandemic: Practice Financing and Relief Funds

Curi’s Senior Vice President of Health Policy, Sam Cohen, and our Senior Vice President of Finance, Ben Remke, discuss how practices facing COVID-based financial hardship can access funds from federal initiatives such as the Paycheck Protection Program and the Main Street Lending Program.

WEBINAR: Managing Your Practice’s Retirement Plan During COVID-19

Dimitri Eliopoulos and Joe Dillon from Curi Capital walk through what practices can do with their retirement plans today to manage the economic fallout from the pandemic and how they can plan for the future.

HSA Eligible Expenses Expanded

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act
(CARES Act) was signed into law. In addition to providing direct financial
assistance to Americans, the CARES Act repeals the Medicine Cabinet Tax
provision of the Affordable Care Act (ACA), expanding the list of qualifying
expenses that can be purchased with health savings accounts (HSAs).

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.

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.

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.

Planning for Your Practice’s Future

Download PDF

Understanding the Paycheck Protection Program (PPP)

Download PDF

Termination, Layoff, & Furlough Checklist

Download PDF

Understanding the Federal Coronavirus Aid, Relief, and Economic Security Act (‘‘CARES Act’’)

The Curi team summarizes initial takeaways and implications of the act for businesses and individuals in three separate articles.

HR Implications of the Families First Coronavirus Response Act (FFCRA)

Curi partner and HR consulting organization CAI provides resources for understanding the act and how it will impact businesses and their staff.

HR & Business Continuity Resources

Curi partners, CAI and Sentinel Risk Advisors, have numerous resources to help practices prepare for the potential business challenges and disruptions that will come with this pandemic.

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.

Implications of New CARES Act Stimulus Bill for Practices

Our Curi Capital team summarizes the act passed on March 27, including key takeaways and implications for small businesses and individuals.

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’s Financial Hardship Offerings

Curi has three options to support our insureds with financial hardships associated with the COVID-19 pandemic.

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.

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.

CMS to Resume Healthcare Provider Audits August 3

CMS has announced that it will resume Medicare Fee-For-Service (FFS) medical review Aug. 3, regardless of the status of the COVID-19 public health emergency. The audits had been…

HHS Releases Provider Relief Fund Reporting Guidance

The federal Department of Health and Human Services has released guidance on reporting requirements for practices that received more than $10,000 from the CARES Act Provider…

HHS Extends Provider Relief Fund Application Deadline for Medicaid and CHIP Providers

The federal Department of Health and Human Services last week extended until Aug. 3 the deadline for providers participating in Medicaid and CHIP to apply for…

IRS Declares Provider Relief Fund Money to Be Taxable for For-Profit Providers

Just days before the July 15 federal tax filing deadline, the IRS has announced that for-profit healthcare providers that received Provider Relief Fund money will have to pay…

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…

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…

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,…

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…

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…

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,…

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…

Final Day to Submit Financial Data for Provider Relief Fund Payments

Today, June 3, is the last day that providers can submit financial data to be eligible for additional payments from the CARES Act Provider Relief Fund…

Provider Relief Fund Compliance Deadline Extended

HHS has added a 45-day extension to the deadline for providers receiving payments from the CARES Act Provider Relief Fund to accept the terms and conditions for those…

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…

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…

Curi COVID-19 Webinar Thursday

Curi’s six-week series of webinars designed to help practices weather the COVID-19 crisis continues tomorrow, with Curi’s Sam Cohen and Ben Remke presenting “Keeping the Doors…

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…

Responses Requested for Survey of North Carolina Practices

Curi, the North Carolina Medical Society, and the North Carolina Medical Group Management Association have developed a weekly COVID-19 survey of medical practices in North Carolina.

Curi COVID-19 Webinar Series Kicks off Thursday, April 30

Register for “Planning for the Future While Living in the Present: Managing Your Practice’s Retirement Plan During COVID-19,” presented by Dimitri Eliopoulos and Joe Dillon from Curi Capital.

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.

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…

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…

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…

ACS Guidance for Resuming Elective Surgeries  

In addition to the guidance on resuming non-emergent care we shared yesterday from CMS and the American Society of Anesthesiologists, the American College of Surgeons has released a surgical resource document for facilities…

Emerging Guidelines for Resuming Care

As the medical community looks ahead to when pandemic restrictions begin to lift, government entities and other organizations are starting to offer recommendations for how to…

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. 

Curi CEO’s Op-Ed Suggests Path Forward From COVID-19  

In an op-ed published today, Curi CEO Dale Jenkins—along with former FDA Commissioner Dr. Mark McClellan and LabCorp Executive Chairman and former CEO David King—propose some steps needed…

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…

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…

Guidance on Retirement Plan Management From Curi Capital

Curi’s full-service financial advisory firm, Curi Capital, offers guidance to practices with cash balance pension plans on how they may freeze accruals to temporarily free up…

Curi Introduces New Business Resource Guide

Today, we’re delighted to share a new tool designed to help you run your practice during this time of uncertainty: Curi’s Business Resource Guide, which offers…

Updates to FFCRA Employer Decision Tree

Curi partner CAI has updated the decision tree we shared yesterday, with new guidance on employers’ responsibilities under the FFCRA and the Coronavirus Aid, Relief, and…

ACS Guidelines for Triaging Elective Surgeries

The American College of Surgeons has released triage guidelines for elective surgeries.

U.S. Department of Labor Webinar on Employer Provisions in FFCRA—April 3

The U.S. Department of Labor has announced that it is producing a webinar on the implications of the Families First Coronavirus Response Act (FFCRA) for employers…

FFCRA & CARES Act Employer Decision Tree

Curi partner CAI has produced a decision tree to guide employers through their responsibilities under the new Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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)…

CARES Act Implications for Retirement Plans and Small Business Finances

Continuing Curi’s analysis of how the new CARES Act stimulus law will affect practices, today we examine what it means for retirement plans and small business finances.

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…

Employer Updates From U.S. Department of Labor

The U.S. Department of Labor has updated its FAQ guide with details about two issues: who qualifies as a health care provider for issues related to paid sick…

Implications of New CARES Act Stimulus Bill for Practices

The newly passed federal Coronavirus Aid, Relief, and Economic Security (CARES) Act has significant implications for medical practices, including financial support for small businesses and changes…

Curi’s Guidance on Rent Relief 

Click here to see Curi’s guidance for practices considering seeking rent relief in the face of COVID-19-related financial hardships.

Special Coding Advice from AMA

A new resource from the AMA offers guidance on applying the optimal coding practices during the COVID-19 crisis.

Curi Capital Support for Curi Customers

Our financial advisory firm, Curi Capital, is offering all Curi members a range of support services for individuals and practices at no charge during the outbreak.

Curi’s Financial Hardship Offerings for Practices

We have developed three options to support our policyholders with financial hardships associated with COVID-19: temporary practice closing, furloughing providers, and premium relief.

CMS Section 1135 Medicaid Waivers

CMS yesterday approved section 1135 Medicaid waivers for 11 states, including New Jersey, North Carolina, and Virginia. (Florida had a waiver approved on March 16.) These waivers cover issues such as provider enrollment, pre-admission screening and annual assessments for nursing facility residents, the provision of services in alternative (unlicensed) facilities, and prior authorization requirements.

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.

Human Resources and Staff Management

The human resources consulting organization CAI, a Curi partner, has compiled a “Coronavirus Command Center” full of resources that can help you with employee management and other human resources issues during this crisis. Of special interest, they have just published a guide to the HR implications of the new federal Families First Coronavirus Response Act (FFCRA), including issues of paid and emergency leave, furloughs and layoffs, and FMLA.

Have COVID-19 Questions?