This Weekly’s Hot Topics
- Newsom releases his revised 2020-21 state budget. California News
- Paycheck Protection Program loans, new information. National News
- CMS updates policies to telehealth COVID-19 reimbursement policy. CMS News
On May 14, Gov. Gavin Newsom released his revised 2020-21 state budget, which is a response to the harsh realities of COVID-19’s economic impact. However, the California Medical Association opposes the health care cuts. Governor Newsom proposed taking virtually all of the Proposition 56 Tobacco Tax Revenue to help close the state’s budget deficit. CMA is asking physicians to contact their local legislators today as they debate the Governor’s proposed “solutions” to balance the health care budget. It is critically important the legislature understand the need to protect access to care for Medi-Cal enrollees and REJECT the Governor’s repurposing of Prop 56 tobacco tax revenue. See the full breakdown of how Gov. Newsom’s budget impacts health care and what CMA is doing to oppose the health care cuts. To read more click here and go to California News.
Telehealth Video: Medicare Coverage and Payment of Virtual Services. This updated video provides answers to common questions about the expanded Medicare telehealth services benefit under the 1135 waiver authority and Coronavirus Preparedness and Response Supplemental Appropriations Act. To read more click here and go to Noridian News.
Physician practices were debating whether to return Paycheck Protection Program loans before the May 14th deadline. The PPP loans were designed to support small businesses during the unprecedented COVID-19 crisis. Like many small businesses, physician practices have experienced significant financial hardships as a result of the pandemic. Patient volumes at practices dropped by an average of 60 percent since the country declared COVID-19 a public health emergency, and approximately 21 percent of physicians have been furloughed or taken a pay cut as a result of the pandemic, recent surveys showed. Healthcare’s revenue cycle is creating uncertainty for practices, due to the lag time between when physicians provide services and when they actually get paid. To read more click here and go to National News
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