Covid-19 Practice Management Resource Center
Business Issues, Loans, & Credentialing
We will be updating this page often to provide resources and information on medical practice office management and business-related issues related to loans, cash flow management, credentialing and other items to help medical practices navigate the coronavirus pandemic (COVID-19).
PPP loan forgiveness and employee(s) that decline an offer to return to work
The U.S. Department of the Treasury updated its FAQ document yesterday, May 3, 2020. A noteworthy update addresses the impact on the PPP loan forgiveness amount when an employee declines a rehire offer.
QUESTION: Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?
Click here and scroll down to Question #40…
U.S. Department of the Treasury
- SBA Disaster Loan Assistance Application – Access here
- SBA Guidance for Businesses Affected by COVID-19 – Access here
- SBA Paycheck Protection Program (PPP) – Access here
- SBA Paycheck Protection Program (PPP) Guidance for Borrowers – Access here
- SBA Paycheck Protection Program (PPP) Loan Application – Access here
What you need to know about COVID-19 Waiver 1135, Provider Enrollment, and Telehealth
Under the authority created by the Secretary’s invocation, CMS published blanket waivers that apply to all healthcare providers, nationally. Providers may conduct their operations subject to these blanket waivers immediately, and with no further action required. A copy of the CMS blanket waiver is available at the following link:
The section 1135 waivers are effective March 1, 2020, and will end upon termination of the public health emergency, including any extensions. Read the full article…
Practice Management Staffing Considerations (On-Demand Training $49)
With increased demand for some specialties and decrease for others, how will your practice adjust with these uncertain flows? How will you handle staff call outs, and self-quarantine dips in performance and efficiency? Having a plan to meet unexpected hurdles such as these will be covered by Jesse Overbay, DoctorsManagement General Counsel and Management Consultant. Click to learn more and order…
This training is part of the NAMAS COVID-19 On-Demand Educational Series. NAMAS, a division of DoctorsManagement.
Unemployment Benefits for Self-Employed: Is it possible?QUESTION (March 19, 2020): As many dental practices close in the coming three weeks in response to the strong policy statement by ADA, their employees are filing for unemployment during the temporary shutdown. What about the Doctor who owns the practice? Are they eligible for unemployment compensation?ANSWER: If you’re operating as a sole proprietor, the answer is no. However, if you structure your business as an S corporation and put yourself on the payroll as a salaried employee, you’ll be eligible for unemployment in most states, though not all. Depending on where you live, then, you may be able to hedge some of the risk you take on as a entrepreneur.
Are you eligible to collect unemployment? That’s a state-level decision. Learn which states cover what…
Summary of Amendments to the Families First Coronavirus Response Act on Paid Leave and Health Care This article summarizes the essential and critical portions of the amendments to the Families First Coronavirus Response act. Read the article…Download the PDF summary.
Don’t Wait Until It’s Too Late
Get assistance with important decisions to protect the future of your business. DoctorsManagement’s in-house team of experts have developed a COVID-19 disaster response and recover plan to help medical practices weather this pandemic storm.
Learn more about our COVID-19 Business Response and Recovery Services for Medical Practices…