Statement on Financial Assistance for Independent Physicians and Practices as a Result of the COVID-19 Pandemic

Independent physicians and practices are fighting COVID-19 on the frontlines in many communities across the country. Their resources are stretched as they work tirelessly to respond to the medical needs of their patients while keeping up with the responsibilities of small business owners, including adopting new technology platforms that enable them to see patients virtually, continuing to maintain their offices and make payroll for their staffs, and more. 

The Partnership to Empower Physician-Led Care (PEPC) calls on banks and other financial institutions to make no or low-interest loans available to small health care providers. This will give them the financial flexibility needed to ensure they can focus their attention on the needs of their patients without worrying about how they will support their business and/or putting them in an untenable financial position even after the current outbreak recedes. As the federal government works to do their part by unlocking additional funding through the U.S. Small Business Association, so too must our financial institutions across the country.

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