In the past, the healthcare profession has been relatively immune from recessions, but this time it is different. During the pandemic, many healthcare professionals, especially dentists, have had to shutter their clinics for the past few months and are feeling the financial impact of the sustained shutdown. Even with reopening, business volumes and revenue may not bounce back to previous levels for a while.
In this episode, our guests from the West Coast – Angela Porteous, VP Healthcare Commercial Markets from RBC and Calvin Carpenter, Vice President of Professional Services at MNP share their observations of the reopening and their insights on how to manage cash flow for clinics during this period of recovery.
For more advice on cash flow management, talk to one of our dedicated RBC Healthcare Specialists.
Read related story: Managing Cash Flow in a Time of Crisis – 6 Strategies for Business Owners.
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