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 #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.
Join Five Lakes Founder and President Nick Partridge as he discusses what to do now that you've submitted your PPO termination letter.
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