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As the world continues to adjust to manage the COVID-19 pandemic, independent physician practices face unique challenges and are looking for a lifeline in the many federal stimulus packages recently passed, totaling more than $2 trillion thus far.
Physicians at these practices aren’t just frontline healthcare workers —they are also often business owners, grappling with the reality that revenue-generating procedures are on hold.
It’s important for independent physician practice leaders to understand the current federal measures and get an outlook on the longer-term effects as they rely on this support to meet community need and to sustain system viability.
In-depth priority has been given to federal relief acts that are available through the Medicare Accelerated and Advanced Payment Program.
Originally Posted by Medical Group Management Association (MGMA) on April 15, 2020. Authored by HSG’s Director and Chief Clinical Consultant, Dr. Terry McWilliams, along with HSG Partner Consultant, Belinda Muench.
Review a full summary of the COVID-19 Stimulus Acts authored by Dr. Terry McWilliams here: https://hsgadvisors.com/articles/independent-physician-practices-covid-19-stimulus-acts-unlikely-to-be-a-panacea/