American College Of Surgeons - Inspiring Quality: Highest Standards, Better Outcomes

Practice Protection Committee

The American College of Surgeons (ACS) Practice Protection Committee is monitoring federal actions intended to ease the financial burden imposed on practices by the COVID-19 pandemic. On these pages, Fellows can find information on current and previously available resources including eligibility and responsibilities for those who have accessed federal financial aid programs. ACS staff will regularly update this information to reflect the most accurate available.

In addition to the Financial Resources document, Fellows can find numerous other resources provided to assist them manage these extraordinary circumstances. These include the ACS Employed Surgeon Handbook, the ACS Private Practice Handbook, webinars to assist Fellows in light of circumstances imposed by the pandemic, a series of video interviews with members of the committee on selected topics and a library of additional resources. In addition, the ACS Practice Protection Committee produced a comprehensive guide, Economic Survival Strategies in the COVID World, which includes a set of key principles and a suggested process for Fellows to undertake to shore up personal and business finances. The guide includes a spreadsheet exercise and suggestions to consider based on which of three specific scenarios most accurately describes the one’s current financial situation.

Latest Updates

A number of opportunities and changes to COVID-19 financial relief programs have been announced recently that may be of interest to Fellows. Since the beginning of the COVID19 pandemic numerous federal programs have been instituted to support physicians, hospitals and other health professionals who have suffered financial losses or incurred additional costs related to preventing the spread of the virus or other aspects of pandemic response. The ACS has collected information on many programs and made it available in the Practice Protection Committee section of the website. Recent changes include a new opportunity for more than $25 billion from a Phase 4 general distribution from the Provider Relief Fund and the American Rescue Plan Rural fund, an increase in the maximum loan amount in the Economic Injury Disaster Loan program from $500,000 to $2 million, and a final extension of student loan repayment relief through January 31, 2022.  More information on these changes and how to apply or benefit from them can be found on the financial resources page.