NCMSF Financial Recovery Program Payout Increases

Independent practices eligible for state funds through the NCMS Foundation administered Financial Recovery Program (FRP), now may receive an increased maximum payout of $160,000 for tier 1 practices and $120,000 for tier 2 practices.

Learn more about practice eligibility requirements and what COVID-19 related expenses qualify for reimbursement at the FRP webpage here. The deadline to apply for these funds is Nov. 30, so please act today.

The NCMS Foundation has been charged by the NC General Assembly with administering this program and is required to distribute all the funds to eligible practices by the end of the year. As applications have been received, the payout has been adjusted to ensure all funds are equitably dispersed to those in need. Please spread the word to colleagues who may qualify.

The NCMS lobbying team worked closely with the NC Academy of Family Physicians, the NC Pediatric Society, the NC College of Emergency Physicians, the NC Association of Physician Assistants, the NC Obstetrics and Gynecology Society and the NC Dermatology Association in order to secure the state appropriation that funds the FRP.

Don’t forget PPE! The NCMS Foundation also received a $5 million appropriation to purchase and distribute personal protective equipment (PPE) to independent practices.

Even if you currently have adequate supplies, it makes sense to stockpile these products for future needs. Learn more and order your PPE today by clicking here.

Be prepared with:

  • Practice NPI
  • Provider NPI(s)
  • Receipts / Invoices of allowable expenses
  • Bank account information

You may not claim reimbursement for expenses already paid for through the federal Paycheck Protection Program (PPP) or CARES Act Provider Relief Program.

Eligible expenditures include, but are not limited to, payment for:

  • Clinical staff Covid-19 specific expenses – payroll and benefits
  • Administrative staff expenses (only for hours dedicated to COVID-19)
  • Telehealth equipment cost- computers, cameras, hotspots, etc.
  • Infection control costs- PPE, thermometers, cleaning/disinfecting/sanitizing cost, etc.
  • Renovations/cost to accommodate social distancing or improving ventilation (plexiglass installation, HVAC updates, HEPA filters, etc.)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: