Genentech Updates Payment Terms, McKesson Medical Surgical Supplies and the CARES Act.

GENENTECH PAYMENT TERMS UPDATE

In response to the COVID-19 pandemic and the needs of practices, Genentech has announced extensions to physician payment terms for LUCENTIS purchases from authorized distributors:

Terms have been extended to 120 days on eligible purchases from April 1, 2020, as well as retroactively for LUCENTIS purchased on or after March 1, 2020.

Eligible practices are temporarily eligible for payment terms of up to 120 days (previously 60 days), subject to distributor qualification.

MCKESSON MEDICAL SURGICAL SUPPLY UPDATE

McKesson has released the following updates on its most in-demand medical-surgical supplies:

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Faster Advance Payments on Medicare Claims for Practices

As the COVID-19 pandemic continues to challenge practices in retina and elsewhere, the Centers for Medicare and Medicaid Services (CMS) has announced a new relief program that allows providers to maintain cash flow through advance payments for anticipated claims under Medicare parts A and B.

Under the Accelerated and Advance Payments Program for Providers and Suppliers plan, providers can apply now to their Medicare Administrative Contractors (MACs) to receive prepayment of 100% of historical Medicare reimbursement amounts for a three-month period.

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USRetina Updates from the Federal Government, Regeneron, American Express and Staples:

USRetina is continuing to monitor the situations of all suppliers, distributors, and partners, to provide you the most updated information to help your staff, practices, and patients navigate this completely new landscape. Here is the latest news from our alliances:
CORONAVIRUS RELIEF FOR PRACTICES

Wednesday, the US Senate approved the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Although still subject to approval by the US House of Representatives and signature by the president, the bill is likely to be signed into law by this weekend.

Among other things, the act creates the “Paycheck Protection Program,” which provides up to $349 billion to expand the Small Business Administration’s (SBA’s) existing 7(a) loan program to support new loan guarantees and subsidies. The program includes 100% federally backed loans to cover expenses like payroll, rent and benefits.

Current SBA lenders can make loans under the program immediately, with deferred payment terms.

To learn more and to begin filing a claim, visit the Small Business Administration website.

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Here’s How We’re Handling Remote Implementations of RetinaOS During COVID-19

The COVID-19 crisis is impacting every aspect of clinical practice and creating enormous uncertainty for our members. We know that many of our members had been planning to transition to our new cloud-based clinical workflow and inventory management system, RetinaOS, in the coming weeks and months.  You may now be wondering if you can still proceed. We’d like to let you know what we’ve been doing to support this process, so you can make the best decision for your practice.
RETINAOS IS STILL GOING LIVE AND GOING STRONG

Since its January launch, we have been traveling around the country to help members integrate RetinaOS with their EMR and practice management systems, train clinical staff and assist with troubleshooting, and facilitate as practices go-live with the system. We’re still providing that exact same level of support. What’s changed is that now we’re doing everything remotely.

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USRetina Response Corona Virus

USRetina Updates on Supplies, Support, and More

USRetina continues to work with our partners and suppliers on updates regarding the news and information you need to make decisions at the practice level. Here’s our latest news on supplies, financing, and promotions for you and your patients:
PPE PURCHASING AND SUPPLY

As the COVID-19 outbreak continues to grow, the top question we’re hearing from our members is how to purchase masks, gloves, and other personal protective equipment. While we recognize there isn’t an easy solution to some challenges right now, we’re working closely with our vendor partners to get answers.

Our primary vendor for PPE supply is McKesson Medical-Surgical. Here’s what you need to know:

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