The Biden administration announced the 50% increase in loan repayment amounts to providers who sign on to practice full-time in high need and rural areas April 4. Previously, the maximum loan repayment amount in exchange for a two-year commitment of practicing in an area facing a significant shortage of primary care providers was $50,000.
Physicians and advanced practice providers are both eligible through HRSA’s National Health Service Corps Repayment Program. Participants may earn additional funding for extending their service commitment beyond two years, according to HRSA.
Providers who are fluent in Spanish may earn up to an additional $5,000 through the program.
Across the U.S., there are more than 8,300 designated primary care shortage areas. Of those, more than 180 have fallen into the category for at least 40 years.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.