Vaccine Vendor Updates Due to COVID-19
Due to challenges related to managing the Coronavirus outbreak, the influenza vaccine manufacturers have extended the pre-book deadlines for the 2020-2021 flu season:
- Sanofi Pasteur – Deadline extended to April 30, 2020 for those who have not yet confirmed their reservations.
- AstraZeneca – Deadline extended to May 31, 2020.
We are also working with our vaccine vendor partners to determine what can be done to ease the vaccine-related financial burdens facing practices at this time. Pfizer has provided the following update:
Effective March 26, 2020, all open invoices dated January 1, 2020 or later for Pfizer vaccines for physicians, clinics, and group practices will automatically have an additional 30 days payment terms added to them. No action is required on your part. No new invoices will be issued so we recommend you simply make note of the additional 30 days on your current invoice. Additionally, all NEW orders for these customers placed between March 26 and May 31, 2020 will have extended payment terms of 105 days with the 2% prompt pay discount. Please click here for more information.
We will communicate more as specific solutions are developed. Stay tuned!
Resources to Help Address COVID-19 Challenges
Below are some great resources we pulled together from various experts to help you address challenges in the most financially impactful areas of running a practice. We hope these will be helpful in managing through this crisis:
Patient Care/Revenue
Staffing
Family First Coronavirus Response Act – National Compliance Update
Rent
Economic injury disaster loans (declared disaster area 1) for small businesses
Landlord negotiation – We are hearing that some landlords are open negotiating rent payment during this time. Clearly this will depend on existing contracts and relationships. Article from the National Law Review
Vaccines
Vaccine Storage Emergency Plan (CPP blog post)
CDC Maintaining Childhood Immunizations During COVID-19 Pandemic
We have posted these resources to a newly added section of our website and will be adding and updating as more resources become available.