VSP Global Delays Formulary Changes Until 2021 and Establishes Fund to Help Offset COVID-19 Costs Incurred by Doctors

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RANCHO CORDOVA, Calif. – In response to the continuing extraordinary impacts of COVID-19, VSP will delay its ophthalmic formulary changes originally set to start September 1, until January 1, 2021 and is launching a new grant program to help offset expenses network practices are dealing with as a result of the pandemic.

“While the formulary changes remain vital to securing doctors’ access to patients, we recognize the extended disruption and uncertainty practices across the nation continue to face,” said Michelle Skinner, VSP Global Chief Network Officer. “Because of this, we’re going to take a pause and delay our formulary changes to give practices more time to prepare. Also, we’re going to accelerate additional support for doctors at this critical time.”

VSP’s new grant program will provide financial support to help offset the many expenses and accommodations that doctors and their staff incurred to reopen and operate in accordance with federal, state, and local guidelines and safety requirements to provide patient care. Eligible Premier Program practices can receive up to $10,000 in cash payments, and all other eligible network doctors can receive up to $5,000 in cash payments. These payments will be made as grants and will not require repayment. Further details on this program will be announced soon.

“In talking with doctors, we’ve heard countless stories of those who have gone above and beyond to meet the needs of their patients, while at the same time doing whatever it takes to keep their practices running and serving their communities,” Skinner said. “As we weather this storm together, we want to thank doctors for their passion and dedication, while we at VSP continue to focus on ensuring their access to patients.” 

VSP network doctors can access the latest news, information, and resources available from VSP Global at: vspproviderhub.com/covid-19.

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About VSP Global

VSP Global is a doctor-governed company that exists to create value for members and opportunities for VSP network doctors. Our industry-leading businesses include VSP® Vision Care, the only national not-for-profit vision benefits company, which provides access to eye care for nearly 90 million members through a network of over 40,000 doctors worldwide; Marchon® Eyewear Inc., one of the world’s largest designers, manufacturers and distributors of high-quality eyewear and sunwear; VSP Optics, industry leaders in ophthalmic technology and lab services, providing custom lens solutions for the vision and lifestyle needs of patients; Eyefinity®, the industry leader in practice management and electronic health record software; VSP Retail, which focuses on increasing access to eye care and eyewear through multiple channels, and VSP® Ventures, which offers care-focused, customized choices for doctors looking to transition their practice.

 

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