During the COVID-19 health crisis, CAP understands the challenges endured by our members are like no other in our lifetimes. While some physicians are sidelined with shuttered offices or drastically reduced patient loads, others are pressed into service outside of their routines with significant personal risks.
Last month, we announced the return of $4.7 million to CAP members of record on April 15 who have made full or installment payments on the assessment levied on November 14, 2019. Members who qualify received a check representing their portion of the returned assessment based on their original assessment.
“Just as we know that no financial payment can restore what has been lost in the pandemic, the CAP Board of Directors and the MPT Board of Trustees believe that this return of funds is financially responsible,” said CAP Chief Executive Officer Sarah Scher. “In our more than 40-year history, CAP has helped members succeed by offering financially secure protection. This is just one more way we can support physicians during this unprecedented time in healthcare.”
In addition to the return of funds, CAP has taken dramatic measures to provide its membership with crucial resources to help them implement and use telemedicine in their practices, navigate human resources issues, access federally mandated financial relief, and much more.
“It is our responsibility to harness the skills, knowledge, and teamwork of CAP’s risk and practice management experts to offer physicians easy access to essential tools that can help them continue to provide quality care for patients and maintain the viability of their practices. We are in this together and by that, CAP will stand by its promise to deliver financially secure coverage options and practice support when it is needed most,” Scher added.
We continue to be awed and inspired by the heroism of your efforts to care for patients and are heartened by your messages of gratitude and appreciation.
As we leverage our collective strengths to overcome this pandemic, the best dividend we can hope for is that the physician-patient relationship will be stronger than ever, and the public’s fresh understanding of what healthcare means to an appreciative society will be the hallmark in a new age of healthcare delivery.