COVID-19-Related Program Deadlines | Practicing DPMs | APMA
COVID-19-Related Program Deadlines

Updated October 9, 2020

APMA knows that our members faced an onslaught of information as the COVID-19 public health emergency (PHE) progressed, and that compliance deadlines for programs impacted by COVID-19 or financial assistance programs created to help providers through the PHE are constantly shifting and being updated. To help members stay on top of these deadlines, APMA created this resource page to lay out deadlines as they are updated or available and provide members with a direct link to the specific program.

Program Important Deadlines APMA and Other Resources
2020 MIPS Performance Year December 31, 2020 – Deadline to submit a hardship exception application due to COVID-19

www.apma.org/COVID19MIPS

https://qpp.cms.gov/mips/exception-applications

Provider Relief Fund Program (PRF)

January 15, 2021: reporting system opens for providers

February 15, 2021: first reporting deadline for all providers on use of funds

July 31, 2021: final reporting deadline for providers who did not fully expend PRF funds prior to December 31, 2020

www.apma.org/providerrelief

https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/for-providers/index.html

Paycheck Protection Program (PPP) Currently no hard deadline for the forgiveness application, but the current application form for forgiveness expires on October 31, 2020. APMA recommends talking directly to your lender.

www.apma.org/COVID19SBA (scroll to first section on the PPP)

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

Medicare Advanced and Accelerated Payment Program (AAP)

CMS announced the following changes to the repayment timeline and terms:

  • Recoupment of disbursed funds postponed until 365 days after the advance payment has been issued to a physician practice—the balance will be due by September 2022;
  • The per-claim recoupment amount will now be 25 percent for the first 11 months and the 50 percent of claims withheld for an additional six months—if not repaid in full, the 10.25-percent interest rate kicks in; and
  • Lowered the interest rate from 10.25 percent to 4 percent, except in the case above.

www.apma.org/CMSCOVID19

https://www.cms.gov/files/document/Accelerated-and-Advanced-Payments-Fact-Sheet.pdf

https://www.cms.gov/files/document/covid-advance-accelerated-payment-faqs.pdf 

Economic Injury Disaster Loans (EIDLs) and EIDL Advance Loan

EIDL loan repayment is deferred one year from date of issuance.

The EIDL Advance Loans are forgivable in whole.

APMA recommends talking to your lender directly to confirm your exact obligations and deadlines.

www.apma.org/COVID19SBA (scroll to second section on EIDLs)

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans


Leave Your Thoughts

Please sign in to leave a comment



Related Resources

Coding

Learn More

ADVERTISEMENT
Make a difference for your profession on Capitol Hill. Contribute to APMAPAC.