Your Weekly News & Updates
MSNJ Member Update - COVID-19
March 31, 2020
COVID-19 Updates & Resources
Dear Colleagues,

The Medical Society of New Jersey recognizes that many retired physicians are anxious to pitch in to help with the current COVID-19 healthcare challenge. Your valuable skill sets may be appropriately put to work in a variety of different ways, from direct patient care to telemedicine tasks and even to patient home monitoring. MSNJ is collecting information of those interested and direct you to go to www.msnj.org where you will find sign up forms. This information will be collated and presented to healthcare entities in need as well as the Department of Health. 

Please pass this information on to colleagues.

This is a time for physicians from the Silent Generation (1925-1945), Baby Boomers (1946-1964), Generation X (1965-1979) and Generation Y (1980-2000) to come together as we are currently doing to defeat this current healthcare crisis.

Be Safe, Be Well and Be Proud of our Profession

Marc J. Levine, MD
MSNJ President
Retired Medical Doctors and Medical Students Urged to Volunteer
The State of New Jersey is requesting help of retired Medical Doctors and Medical Students to volunteer to supplement the health care capacity on a temporary basis in regards to COVID-19. If you are healthy and able to provide medical care, you can sign-up using MSNJ's form , below:
The AMA issued new guidance for retired physicians who are being recruited to help healthcare systems overwhelmed with COVID-19 cases.
NJDOH and NJ Division of Consumer Affairs COVID-19 Video Conference for NJ Physicians
TOMORROW, Wednesday, April 1, 2020 at 12:00pm
CMS’ New Flexibilities for Physicians During COVID-19 Emergency
CMS announced a number of new policies to help physicians and hospitals during the COVID-19 pandemic, including Medicare coverage for telephone services, significant additions to the list of covered telehealth services such as emergency visits, and greater clarity on the use of remote patient monitoring for acute conditions like the novel coronavirus. Read the CMS fact sheet on the new policies and its press release .
AMA Letter to President Trump on COVID-19
The AMA sent a letter to President Trump urging him to follow science regarding when to potentially lift any stay-at-home recommendations as well as reminding him of the urgent need for Personal Protective Equipment.
Practice Management
As practices are facing reduce revenue, the AMA has put together 14 steps to keep your medical practice going. Among other things, physician practices should:
  • Evaluate existing financial obligations.
  • Make a financial contingency plan.
  • Keep current on new care delivery flexibilities.
  • Understand how to continue business operations.
Middlesex County opening COVID-19 drive-thru testing site on April 1 in Edison. Read more .
Horizon Waiving Rules to Speed Hospital Admissions. Read here
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
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