Month: December 2020

On July 1, guest speakers Sherise D. Ritter, CPA, CGFM, CGMA, PSA, Managing Director, Mercadien, and Roy Brietenbach, Esq. Partner Director, Garfunkel Wild, P.C., shared their insights and expertise regarding PPP loan forgiveness, EIDL funding, and the legal and liability issues surrounding running a medical practice in the post-Covid era. The entire webinar is available to view here. Provider Relief Fund Information Many webinar attendees indicated that they had not yet applied for a share of the $25 billion Provider Relief Fund Learn More “PPP, EIDL, ADDITIONAL STIMULUS INCENTIVE UPDATE”

Across America, thousands are marching against institutionalized racism and inequality. At the same time, a pandemic continues to rage. In many cases, the people marching shoulder-to-shoulder in our streets are those most at risk for death and disability from coronavirus. We cannot ignore the existence of healthcare disparities and the role they play in a society with deeply ingrained inequities. In fact, the sweeping healthcare reform program that was designed to make healthcare more affordable and accessible to all Americans Learn More “HOW DISPARITIES AND INEQUITIES PLAY OUT IN THE DOCTOR’S OFFICE”

It may seem counterintuitive, but medical practices have been among the businesses that have sustained the most significant economic losses due to the Coronavirus crisis. And it appears that the damage may continue for many more months, particularly for primary care providers. One would assume that a devastating national health crisis like a pandemic would send people to their doctors’ offices in droves. In fact, the opposite has been true. Fearful of potential exposure to the virus, individuals are embracing Learn More “ALBANY MUST ACT NOW TO SAVE INDEPENDENT MEDICAL PRACTICES”

Roy W. Breitenbach, Partner/Director, Garfunkel Wild, PC, and Sherise D. Ritter, CPA, CGFM, CGMA, PSA, Managing Director, The Mercadien Group, were our expert presenters at our April 30 webinar, “Post COVID-19: Resuming Your Practice After the Pause.” Roy and Sherise shared vital insights about the legal and financial ramifications of reopening a medical practice after taking a hiatus due to the virus. Watch the replay here. To contact our presenters directly: Roy W. Breitenbach, Partner/Director, Garfunkel Wild PC 516.393.2272 203.316.0483rbreitenbach@garfunkelwild.com Learn More “POST COVID-19: RESUMING YOUR PRACTICE AFTER THE PAUSE”

Alternate Lenders As the second round of SBA funding becomes available, some small business owners who were not funded during the first round may be considering submitting applications to alternate lenders. SmartAsset.com has compiled a list of participating lenders. We combed through the list and pulled out those lenders who work in New York State and who appear to be accepting PPP applications from non-customers. This partial list is intended to speed your review process if you decide to seek Learn More “SBA FUNDING ROUND TWO: POSITIONING YOUR PRACTICE FOR SUCCESS”

Resources for PPP and EIDL Loans The standard PPP application can be found here: https://home.treasury.gov/system/files/136/PPP-Borrower-Application-Form… The Small Business Administration can be accessed here: https://www.sba.gov/sites/default/files/2020-04/PPP%20Deck%20copy.pdf Additional tools for small businesses are found here: https://home.treasury.gov/policy-issues/cares/assistance-for-small-busin…

If your organization submits Medicaid claims of at least $500,000 in any consecutive 12-month period, the answer is likely “yes.” Organizations that bill Medicaid on behalf of themselves or another person or persons, are required by New York State Social Services Law to have a compliance program. Your compliance program must meet specific criteria established by the State Board of Compliance (BOC). In broad strokes, the BOC stipulates that you must have systems in place to detect and correct errors Learn More “DO YOU NEED A MEDICAID COMPLIANCE PROGRAM?”