CONGRESSIONAL UPDATE

  • As of Friday, April 3, 2020, the Small Business Administration (SBA) is accepting loan applications from lenders under the Paycheck Protection Program (PPP), enacted March 27th.  NAAOP strongly advises all O&P practices to explore this program to see if you are eligible and wish to participate in this first-come, first-served $349 billion program. Once these dollars are exhausted, the program will not accept additional applications. PPP loans do not have to be paid back if borrowers use at least 75% … read more

  • The Centers for Medicare and Medicaid Services (CMS) has announced a nationwide expansion of the Medicare Accelerated and Advance Payment Program (AAPP) to help providers and suppliers during the COVID-19 pandemic. Orthotic and Prosthetic (O&P) practices will be able to access expedited and advanced payments in order to fund their operations and increase cash flow during the crisis due to disruptions in claims submissions and processing. CMS’ fact sheet detailing eligibility and the application process can be found here. What … read more

  • In these trying times, NAAOP provides this update of its activities in the wake of the COVID-19 pandemic.  Please consult the NAAOP website or contact us directly if you have questions or suggestions.  As this threat continues, we ask all NAAOP members and friends to adhere to state and local directives, practice social distancing, and stay as safe as possible. CARES Act Enacted and Small Business Relief: The third law addressing COVID-19 was enacted on Friday, March 27th.  The $2.2 … read more