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Financial recovery - Cash flow

Glenys Bridges gives practical advice on financial recovery post-lockdown.
Summary

Dental practices must establish the practice's financial facts, so that a recovery plan can be agreed on for the ‘new normal’ business environment following lockdown. It is essential to have a financial strategy in place for delivering patient care during and after COVID-19. Practices should look at the funding needed for financial recovery and the options available. Budgets should be revised to allow for new spending; for example, you may need to spend money on salaries, adapting the premises to be COVID-19 secure and purchasing additional personal protective equipment (PPE).

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