Your Weekly News & Updates
MSNJ Member Update - COVID-19
March 30, 2020
COVID-19 Updates & Resources
Murphy Pleas for Medical Professionals to Volunteer in Battle Against Coronavirus -- Read more .
Happy Doctor's Day!
MSNJ salute our hard working & brave physician members on this National Doctor’s Day. Thank you for all that you do each and every day!

A Message from MSNJ President, Marc J. Levine, MD:
CMS expands its Accelerated and Advanced Program for Medicare Providers
CMS announces an expansion of its accelerated and advance payment program for Medicare participating health care providers and suppliers. Accelerated and advance Medicare payments provide emergency funding and addresses cash flow issues based on historical payments when there is disruption in claims submission and/or claims processing.  Read more . Read the fact sheet on the accelerated/advance payment process. 
Economic Relief
Small Business Administration Update
NEW Paycheck Protection Program Assistance (PPP)
The Paycheck Protection Program (PPP), provides cash-flow assistance to employers who maintain their payroll during the coronavirus emergency. If employer maintains their payroll, up to eight weeks of loans would be forgiven.
Some Requirements:
  • Funds will be used to retain workers and maintain payroll or make mortgage, lease, and utility payments; excludes: individual employee compensation above $100,000 per year, prorated for the covered period
  • The applicant does not have any other application pending under this program for the same purpose; and
  • Available from February 15, 2020 until December 31, 2020
  • Application is 2 pages requires Tax Forms and Financial Documents
  • Interest Rate is 4%
  • Read more - US Chambers of Commerce Checklist
Eligible businesses may apply now. The loan form is found at: https://www.sba.gov/sites/default/files/files/serv_da_all_loanapp_2_0_0_3.pdf

Register for a NJBIA webinar, tomorrow at 4:00pm that will go over what your business needs to survive during this crisis and come out stronger on the other side
Carrier Members Press Releases – Read updates on policies
Reinforcements
Nearly 200 Rutgers New Jersey Medical School students will graduate early to provide critical health care during the COVID-19 pandemic. 
Johnson & Johnson lead COVID-19 vaccine candidate shoots for early 2021 authorization. Read more here
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