Resiliency: How to Bounce Back After a Pandemic?

June 02, 2020

Many businesses are suffering because of the COVID-19 pandemic; the struggle to survive, experiencing lower sales, and declining orders could eventually cause the business to fail. Along with businesses, dental practices also experience these issues, striving for a plan. Fortunately, Doctor Genius can help dental and other medical practices have a plan in place for opening their practice back up after the quarantine. With our guidance and services, we can help you start things with a strong foot forward for your practice.

Recovering after a pandemic

When a dental or medical practice is dealing with hard times, the best option for the owner or manager is to stay calm and evaluate every possible opportunity. The following are potential points to consider.

Assess the condition of the practice

Perform a business appraisal and decide what needs to be done urgently. It is crucial to evaluate what a dental practice has and follow current updates with the COVID-19 pandemic. As the U.S. shifts to summer, more and more restrictions will begin to loosen. With that, people will begin returning to their normal routines. Our team can help dentists evaluate what they will need to reopen effectively.

Now is the time to get creative and deal with the situation. The result of the appraisal will provide insights on whatever needs to be adjusted to get the business running.

Reach out to employees and customers

While some practices may be open for immediate health emergencies, not every practice can do that. In many cases, practices can reach out to any scheduled patient appointments to re-schedule appointments for a few months in the future. This includes letting them know the delays they might experience with certain services or is available.

Employees need to know if their schedules will change and the nature of work they need to do. They need to know if the practice will be restricting hours or if they will need to work remotely for some time. Our team can help go over teledentistry, what it is, and how it can help practices reach patients at home during COVID-19.

Reinvent the business

In fact, it is easier for smaller businesses to modify their business models, switch focus, and get back into the game. Our team will help evaluate how to ensure dentists can effectively reach their patients while also offering advice on how to alter their practice methods during the COVID-19 pandemic.

Pay attention to what customers might need and would buy, and direct business operations toward that. Aside from considering immediate service demands, evaluate past sales for indications of increase, decline, or stagnancy. If sales were declining or stagnant, the downtime might be the time to think about necessary changes to make when the economy gains pace once more.

Non-equity cash raise

Seek to raise money from non-equity sources. Develop strategies to get government grants. Consider the SBA initiatives in place to help small businesses. Be inventive about getting sources of cash to stay in business, including making short-term deals that relieve the current crunch.

Call Us to Learn More

Like virtually everything in life, the COVID-19 pandemic will pass. It is difficult to predict what the economy and the country will look like afterward, but if the company survives this, there are opportunities to grab. Stay alert and get ready to bounce back after the pandemic.

Doctor Genius, located at 2 S Pointe Dr #200, Lake Forest, CA 92630, provides a range of services for practice success. We seek to meet our clients’ needs by providing a variety of marketing, SEO, practice optimization tools, and coaching to transform the healthcare experience. Though we work to provide the most accurate information, the content found on this website is solely intended for entertainment purposes. Therefore, we cannot guarantee that the information provided is entirely correct. You may not use the information on this site to cure, prevent, or diagnose a perceived medical issue. If you have healthcare-related needs, please speak directly to a healthcare professional. Never self-perform medical treatments discussed on this website. All images displayed are also for entertainment purposes only, and personal experiences may differ. Please note that the business tactics mentioned on this site might not be applicable to your industry or practice.

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