This is an area that needs more attention! Physician groups and independent practices are struggling to stay afloat with the changes ordered by the government to reduce non-emergency services. This post on LinkedIn by Dr. Guy Culpepper explains it much better than I could:
Our Family Practice can’t a get PPP loan.
Baylor Scott and White Hospital gets $100,000,000.00
I found out today that we won’t get our PPP loan. We were on time. Everything was completed properly. We sent it to our bank BB&T very early on 4/6/20.
“So sorry,” BB&T said, “too many other businesses sent in over the weekend.”
Wait a minute. Don’t you remember us? Family doctors… on the front lines…
you know… nurses… primary care… heroes?
No. How quick they forget.
Baylor Scott and White has $Billions of dollars.
They’re not closing.
But we must close without the loan.
After 33 years of serving, I’m broke.
Now, when you need me the most?
More here:
https://www.linkedin.com/feed/update/urn:li:activity:6656795077576323072/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6656770254984798208%2C6656795064972431360)
Spread the Word….