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APMA to Announce Financial Relief Plan for Members

Wednesday, March 25, 2020   (0 Comments)
Posted by: Susan Kramer
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Dues Waived for Month of June

 APMA to Announce Financial Relief Plan for Members

APMA plans to announce tomorrow (March 26) a new, multimillion-dollar relief plan for its members, including the following:

  • APMA will waive national dues for the month of June, the first month of our fiscal year 2020–21, representing approximately $600,000 in lost revenue.
  • The first dues installment payment date for fiscal year 2020–21 will be extended from June 1 to August 1.
  • We will also extend the final payment date for 2019–20 dues payments to July 1, meaning no member will be suspended for non-payment of dues during the month of June.
  • APMA will establish a fund of $500,000 available to assist members in demonstrated financial distress (more details and application information to come).
  • APMA is working with financial institutions to provide members with short-term cash-flow solutions (more details to come).
  • We are working closely with our partners in industry, as well as component and affiliate organizations, to determine where needs exist and how we can best support members

APMA recognizes that the current circumstances surrounding COVID-19 present significant challenges for podiatrists, their families, and staff. APMA has created a wealth of tools to help support members during these trying times, from information about how to perform Telehealth services to resources for applying for small business assistance. Members cab access these tools by going to the COVID-19 resource page at www.apma.org/covid19.