American College Of Surgeons - Inspiring Quality: Highest Standards, Better Outcomes

Legislative and Regulatory Updates

Take Two Minutes to Tell Congress: "Don't Cut My Pay by 9 Percent!"

With the Centers for Medicare & Medicaid Services proposing a rule that will reduce payments by up to 9 percent for surgical specialties and jeopardize patient access to surgical care in the middle of a pandemic, it is more important than ever for surgeons to make their voices heard. To stop these cuts and preserve care, Congress needs to act—and the best person to get them to act is YOU.

It only takes two minutes to go to SurgeonsVoice and ask your representative to stop the cuts! If you've already contacted Congress, do it again. Your efforts could make all the difference.

Act now!

Practice Protection Committee Updates Financial Resources with Information on Phase 3 Distribution of CARES Act Funds

The ACS Practice Protection Committee's Financial Resources have been updated to include two important new developments from recent days regarding a Phase 3 General Distribution from the CARES Act Provider Relief Fund and significant changes to the repayment provisions of the Medicare Accelerated and Advance Payments Program.

On October 1, the Centers for Medicare & Medicaid Services announced a Phase 3 disbursement of $20 billion from the Provider Relief Funds. Applications are currently being accepted through November 6, 2020. The purpose of this distribution is to ensure that all who apply will have the opportunity to receive 2 percent of annual revenue from patient care plus an add-on payment to account for revenue losses and expenses attributable to COVID-19. This funding opportunity is available both to providers who received or rejected funding from prior opportunities, as well as those who entered practice in 2020. Surgeons who have already received funds from previous disbursements may be eligible for an add-on payment.

On October 2, legislation was signed into law that extends the grace period for repayment of funds received via the Medicare Accelerated and Advance Payments Program and reduces the percentage of Medicare payments withheld during the repayment period. Physicians can now request up to one full year grace period for deferment before new Medicare charges are used as an offset to recoup the advance payments previously received. Once recoupment begins, physicians have up to 15 months to repay the full amount without interest and the amount withheld is reduced to 25 percent for the first 11 months and 50 percent of charges for the next 6 months. Any balance remaining 29 months after the loan was made will accrue interest at a new lower rate of 4 percent.

More information and the link required to apply for the Phase 3 distribution can be found in the PPC Financial Resources.