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
Read practical tips to drive patient volume this fall. Tip #2, find hygiene appointments to fill the schedule.
Read practical tips to drive patient volume this fall. Tip #1, continue to communicate your offices protocols to keep patients safe.
Dental providers affected by COVID have a number of resources available to support their successful re-opening. CARES Act monies are available through August 3, 2020.
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