Since the upsurge of globalization, it has been comprehended as a benign, win-win policy that brings prosperity, productivity and integrates nation and global economies in a way that disincentivizes revanchism and war.Sadly another part of globalization comes under light to us now wherein interconnected trade, global supply chain systems and free to and fro movements of humans disrupt lives, devastate local economies and threatens how people live their normal lives.Somewhere this pandemic has made each one of us realize the price at which globalization comes.Healthcare workers are endlessly battling at the frontline of this crisis with combined efforts from paramedical and dental practitioners. Dental officers and elective healthcare professionals are redeployed being forced to keep their dental offices shut due to a high risk of transmission.
The entire global economy has upended more than 2 trillion which is worst than the recession of 2008.During these unprecedented times of this global pandemic, the need for survival is more than ever.Although the value of human lives surpasses how the supply chain has been inflated, imports are down, and markets are downhill. Our healthcare system is endlessly fighting for basic needs like personal protective equipment in our war with the virus.It's beyond our human power and understanding to know when we shall return to our normal lives. Although what we know for sure is small businesses and daily wage workers are going to get a huge hit. We should be prepared mentally to face the 10-12% bankruptcy rate at this rate of business depletion.
Unlike the 2008 crisis, banks are trying to help these capitals in forms of reduced interest, delayed payments and strategies to us.Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, nonprofit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). This will apply to current and future disaster assistance declarations related to Coronavirus.The banks are trying to provide as much safety jackets necessary to stay afloat amidst this state of crisis.
Healthcare practices that offering mainly elective procedures like Dental, Fertility, Dermatologists inevitably are going to bash.Dentists all around the world have closed, are only carrying out emergency procedures, as stated by most dental associations. This is an attempt to stop the transmission of COVID-19 because the work primarily involves the mouth, has a high risk through aerosol transmission.It's a no-brainer that smaller dental practices are going to incur heavy losses if not lose their practices.According to Dr. Roger Levine,' We should prepare ourselves for a business turnaround. Instead of selling off businesses, each entity should seek Value-Based Strategies which is customized to make their businesses rise from the ashes.'Few tips we could provide in these unprecedented times are :
Dr. Roger Levine refers to a patient calling process as 9-time contact process to keep the old patients attached :9-time weekly contact processScripted calling - 3 weeksWell wishing text - 3 weeksReminder e-mails - 3 weeksAnyone who doesn't reschedule goes into 90-day drip after which they shall be contacted. We should reach out to our patients after 90 days at least, we'll need time to adjust to the new normal.Once people go back to their routine lives, they're more expected to keep up with their dental appointments.
We need to remember that every Practice is a different entity that needs its own bus module.
The standards of hygiene are never going to be the same in the entire world after COVID-19.The associations have diligently passed us all technical information which has to carry out. Post-COVID 19 it shall be easier to get rid of the viruses in our practice but not out of people's minds.Small tips that you can follow in clinics :
What we do as dental practitioners significantly in the following 6 months shall inherently decide whether we survive or thrive in our work for years on.
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