Some very interesting survey results from the ADA and Health Policy Institute taken weekly for the last two weeks around the COVID-19 impact on practices.
First, nearly 80% of practices are closed to emergencies only while nearly 18% are closed completely.
Of the practices that are open, most respondents reported collections at 5-10% of normal. If I am reading this correctly, then a practice with $80k in monthly collections normally would be tracking for $4-$10k in collections this month.
Another interesting revelation related to staffing costs,
For more, you can read here: https://www.ada.org/en/publications/ada-news/2020-archive/april/second-week-of-hpi-polling-shows-dentists-response-to-covid-19
Our Five Points from Five Lakes series focuses in on how to thoughtfully review and update your UCR.
Join Founder and President, Nick Partridge as he walks through an example, providing valuable insight so that offices can price their services appropriately.
Join Five Lakes Founder and President Nick Partridge as he discusses how to calculate the financial impact when leaving plans so you can make a coordinated plan to leave.
Ever thinking of dropping a PPO plan or three? Watch this important series to find out how best to leave plans without leaving your practice without patients.
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