Practice Viability

Tell HHSC: How Has COVID-19 Impacted Your Practice? - 11/09/2020

Have unexpected technology costs and staffing changes had a substantial impact on your practice during the pandemic? Have inpatient and outpatient services fluctuated? Do you use telemedicine? The Texas Health and Human Services Commission (HHSC) wants to know and invites physicians to participate in its 2020 COVID-19 Impact Survey.


Road to Recovery: COVID-19 Tests, Bends, and Breaks Texas Practices - 10/27/2020

Ricardo Garza, MD, was still walking the tightrope: standing, but unable to withstand another gust of wind. COVID-19 swept away about 35% of the San Antonio solo cardiologist’s practice revenue, and that was just what he could calculate as he waited for insurers to process straggling claims. But he had returned to in-office operations without any layoffs. While some practices are surviving – and trying their best to prepare for future threats – others weren’t so lucky. On-the-ground experiences align with the Texas Medical Association’s Practice Viability Survey in showing COVID-19 was, and still is, a disruptor unlike any other – challenging or torpedoing the viability of various practice types.


'This Makes Me Feel More Alive': Catching COVID-19 Helped Physician Find New Ways to Help Patients - 10/27/2020

Catching COVID-19 helped family physician Tim Martindale, MD, find new ways to help his patients.


How Health Plans Are Covering COVID-19 Testing and Treatment - 10/09/2020

Many health insurers in Texas are waiving patient costs associated with COVID-19. Last week in a news release, Gov. Greg Abbott and the Texas Department of Insurance asked insurers and HMOs to cover testing consistent with Centers for Disease Control and Prevention guidance, and telemedicine visits.


Medicare Advance Payment Loans Due; AMA Seeks Delay - 08/13/2020

Physicians who received payments in the spring from the Medicare Accelerated and Advance Payment Program are supposed to start repaying those loans as early as this month. But given that most practices are still struggling with lost revenue and cash-flow disruptions related to the COVID-19 pandemic, the American Medical Association is asking the Trump administration to delay and possibly reconsider those repayments.


Some Emergency Business Loans Will Be Audit-Free, Feds Say - 05/19/2020

If you received a loan of less than $2 million from the Small Business Administration (SBA) Paycheck Protection Program, it likely will not be subject to an audit or potential penalties and damages, the U.S. Treasury Department said.


Financing Options to Help Keep Your Practice Afloat - 04/14/2020

If you’re starting to get concerned about your practice’s finances because of the COVID-19 outbreak, there are multiple options available to help you meet your obligations.


This Can Help Your Practice Cut Costs During COVID-19 - 04/07/2020

The COVID-19 pandemic has affected physician practices both clinically and economically. You can make adjustments in operating expenses that can keep your practice’s finances healthy.


Concerned About Your Practice’s Finances? TMA Has Answers - 04/01/2020

As more cities issue shelter-in-place orders (on top of directives to postpone certain procedures and surgeries) in response to the COVID-19 pandemic, you are probably thinking seriously about your practice’s finances. The Texas Medical Association COVID-19 Task Force has created a Frequently Asked Questions (FAQ) to help guide you through the questions you might have.


Federal Loans Available to Help Your Practice During Disaster - 04/01/2020

Small businesses in Texas – including health care clinics and practices – can now apply for long-term, low-interest working capital loans to meet their financial obligations during the time of a disaster.