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During this COVID-19 public health emergency, the issue of medical practice viability is a multifaceted issue. Many physicians on the front lines are having to quickly augment their practices to telemedicine platforms while navigating compliance and payment issues. Meanwhile, physicians are having to quickly adapt to operational and business challenges like:
Reduced billings, revenue, and cash flow;
Decreased wages;
Staff shortages and reductions;
Restricted work hours and locations;
Decreased and canceled patient encounters;
Limitations on non-urgent surgeries and procedures; and
Cuts to operating expenses.
From evaluating staffing levels and talking to your CPA about available tax credits, to focusing on working old accounts receivable and rescheduling upcoming patient appointments, these steps provide you with the high-level guidance your practice might need to get headed in the right direction.
Learning Objectives Upon completion of this program, participants should be able to:
Identify the changes a practice can make to help ensure financial and operational viability,
Develop a plan for telehealth platform selection, implementation, and ongoing use,
Increase understanding of financial assistance available,
Apply documentation and billing codes specifically related to COVID-19 and telehealth services, and
Outline the FFCRA regulations.
ACGME/ABMS Competencies This program addresses the following desirable physician attributes: patient care and procedural skills, systems-based practice.
Released: June 3, 2020 Expires: June 3, 2023
Return Policy No refunds or exchanges will be processed for this program.
3 AMA PRA Category 1 Credits™ (Enduring) The Texas Medical Association is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.
The Texas Medical Association designates this enduring activity for a maximum of 3 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
On select courses, the Texas Medical Association requires physician to complete 70-percent of the test questions correctly to receive credit for this course.
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