New COVID-19 3.5 Relief Act Signed Into Law

Members & Publications

April 24, 2020

On April 13, AAPM&R sent a letter to Congress regarding the fourth COVID-19 package that is currently being negotiated. In our letter, we advocated for PPE access, access to post-acute care treatment for COVID-19 patients, telemedicine, and financial security for physiatrists including additional funds to the Paycheck Protection Program (PPP).

In response to our diligent advocacy efforts, the “Paycheck Protection Program and Health Care Enhancement Act” (“COVID 3.5”), was officially signed into law today, April 24.

The bill provides $484 billion in additional funding to replenish and supplement key programs under the CARES Act, including the PPP, small business disaster loans and grants, hospitals and health care providers, and testing. The small business loan programs authorized under the CARES Act had been quickly depleted after only two weeks of operation.

Some components of the bill are listed below:

  • Paycheck Protection Program (PPP): Appropriates an additional $321 billion in funding, with $60 billion set aside for small, midsize, and community lenders (including minority lenders).
  • Disaster Loans: Appropriates an additional $50 billion for the Disaster Loans Program and an additional $10 billion for Emergency EIDL Grants.
  • HHS Hospital and Provider Grants under the Public Health and Social Services Emergency Fund: Provides an additional $75 billion to support the need for COVID-19 related expenses and lost revenue due to coronavirus.

Visit our website for more information on the Paycheck Protection Program, including how to apply. As your specialty society, we will continue advocating on your behalf for additional physician relief.


Legislation Introduced to Alleviate Impact of Conversion Factor Cut for 2021

Nov 09, 2020

Last month, two bills were introduced in the House proposing solutions to the estimated 10.6% Physician Fee Schedule conversion factor cut expected to go into effect January 1, 2021.  The bills offer some relief to the cut, but do not reflect a comprehensive or long-term solution.  AAPM&R has therefore chosen to remain neutral regarding these bills. 

Your Academy continues to advocate for a permanent solution to the conversion factor cut while maintaining the important payment increases to office and outpatient evaluation and management services.