MSNJ Member COVID-19 Update
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COVID-19 Financial Support
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ALERT:
Paycheck Protection Program Applications Now Being Accepted
On Friday, The President signed into the law the CARES Act additional funds.
The SBA resumed accepting applications for the Paycheck Protection Program today at 10:30am.
If you have already applied with an SBA lender, you do not need to resubmit your application. The Treasury and the SBA have advised lenders to process these loans. For more information and/or to apply, click
here
.
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General Allocation Fund
Last week, HHS announced it will begin distributing the second wave of funds from the $100 billion in funds to hospitals and other healthcare providers impacted by the pandemic. The funding will be used to support healthcare related expenses or lost revenue attributed to COVID-19. HHS announced that $50 billion of the Provider Relief Fund is allocated for general distribution to facilities and providers which billed Medicare in 2019, and are impacted by COVID-19, based on providers' 2018 net patient revenue. Of this $50 billion, the initial $30 billion was distributed between April 10 and April 17, and payments to providers from that $30 billion were calculated based on providers’ portion of Medicare fee-for-service revenue.
Starting on April 24, a portion of providers will automatically be sent an advance payment, based off the revenue data they submit in CMS cost reports. Providers without adequate cost report data on file will need to submit their revenue information to the
General Distribution Portal
for additional general distribution funds.
Anyone who has a Billing TIN (including a pediatric or obstetric practice) who lost revenue in March and/or can estimate lost revenue in April due to the COVID-19 crisis, should be filling out this portal. Read
AMA’s guidance
and a
fact sheet
.
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Read HHS’
FAQs
on the second wave of disbursement of the CARES Act Provider Relief Fund.
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CMS Reevaluates Accelerated Payment Program and Suspends Advance Payment Program
CMS announced that it is reevaluating the amounts that will be paid under its Accelerated Payment Program and suspending its Advance Payment Program to Part B suppliers effective immediately. The agency made this announcement following the successful payment of over $100 billion to healthcare providers and suppliers through these programs and in light of the $175 billion recently appropriated for healthcare provider relief payments.
Read more
.
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Additional Funding Related to Treatment of the Uninsured
A portion of the $100 billion Provider Relief Fund will be used to reimburse healthcare providers, at Medicare rates, for COVID-related treatment of the uninsured. Physicians are eligible for this funding. Every health care provider who has provided treatment for uninsured COVID-19 patients on or after February 4, 2020, can request claims reimbursement through the program and will be reimbursed at Medicare rates, subject to available funding. Steps will involve: enrolling as a provider participant, checking patient eligibility and benefits, submitting patient information, submitting claims, and receiving payment via direct deposit.
Providers can
register
for the program on April 27, 2020, and begin submitting claims in early May 2020
.
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COVID-19 Updates & Resources
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Clarification on Executive Order 109 – Physician Practices CAN Remain Open
This is to clarify that physician practices are allowed to remain open, so as long as no elective surgeries are performed. See excerpt below from
E.O. 109
:
- Beginning at 5:00 p.m. on Friday, March 27, 2020, all “elective” surgeries performed on adults, whether medical or dental, and all “elective” invasive procedures performed on adults, whether medical or dental, are suspended in the State. An “elective” surgery or invasive procedure, for purposes of this Order, is defined as any surgery or invasive procedure that can be delayed without undue risk to the current or future health of the patient as determined by the patient’s treating physician or dentist. An “elective” surgery or invasive procedure does not include the administration of vaccines.
- Providers planning or determining whether to perform surgery and invasive procedures in their offices must also consider any possible post-operation complications that may place additional stress on local hospitals that do not have the capacity to accept transfers and need to coordinate any possible post-operation admissions with local hospitals prior to performing surgeries or invasive procedures. Ambulatory surgery centers are to coordinate any possible post-surgery admissions with local hospitals prior to performing any surgery or invasive procedure.
- All elective surgeries or invasive procedures, whether medical or dental, already scheduled for after 5:00 p.m. on Friday, March 27, 2020, are to be cancelled or postponed indefinitely. Facilities are to immediately notify all patients and providers that have scheduled elective surgeries or invasive procedures that these operations cannot proceed as scheduled under the terms of this Order.
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NJBIA Recovery Survey
MSNJ is a member of NJ Business and Industry Association (NJBIA) and they have invited MSNJ’s members to participate in their new
Recovery Survey
. The goal of this survey is to have businesses/nonprofits share the economic impacts resulting from the COVID-19 response, and to shed light on what it will take to bring them back online when the state reopens. NJBIA will use this data to help inform our policymakers as they contemplate a reopening, as well as to advocate for appropriate policies and actions on behalf of their collective members.
Please fill out the survey
here
. I
t is only available for a limited time.
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MSNJ Fellow,
Captain Joseph Costabile, MD
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AMA Virtual Annual Meeting Scheduled for Sunday, June 7 at 3:00pm EST
The AMA has
announced
the Virtual Annual Meeting will be held on Sunday, June 7 at 3:00pm EST for elections. Captain Joseph Costabile, MD is running in a contested election for Council on Medical Service.
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MSNJ Member Discount:
Endocannabinoid Educational Learning System
Medical Cannabis Deemed “Essential” and “Life-Sustaining”
In the current COVID-19 environment, state governments recognize medical cannabis as essential and life sustaining for many different qualifying medical conditions reinforcing the need for essential ECS knowledge. MSNJ has partnered with Havas ECS to give MSNJ members a 10% discount on their Educational Learning System which offers a 12 CME Credit Certification in Endocannabinoid Medicine.
When purchasing these modules,
please register using the email address that MSNJ has on file.
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Essential Healthcare Worker Support Group, Sponsored by Harmony Bay Wellness
- Every Tuesday at 9:00am
- Every Thursday at 8:00pm
- Join Zoom Meeting
- Meeting ID: 707 535 492
- Password: 707535492
- To access this meeting by phone without video, dial 646-558-8656.
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Harvard Medical School COVID-19 CME Video Series
Recorded Videos:
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2020 © Medical Society of New Jersey. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the written permission of the Medical Society of New Jersey.
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