Navigating the Impact of Economic Recessions on Healthcare Workers

Recessions

In May 2020, Canada saw an all-time high in unemployment, reaching a staggering 13.7% as Covid hit the country hard. Now, however, the rate has stabilized again, but that doesn’t mean we’re in the clear. There’s a lot of talk of recession in countries across the globe, with economic downturns almost inevitable over the coming … Read more

Why Recession-Proof Your Practice Now?

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Did you know that the price of a box of mac and cheese was about $0.99 before COVID and is now $2.50? The price of gas has gone up and down and up beyond anything we could have anticipated. And there you have it – the inflation of food prices and gas is happening and … Read more

U.S. recession effects gnaw at dentists’ business

Sageworks Stats – Mary Ellen Biery Dentists are finally feeling some pain from the recession. Privately held dentist offices (NAICS code 6212) have seen sales so far this year decline about 3 percent after posting ongoing-though-shrinking gains in their top lines throughout the recent recession, Sageworks found in a financial statement analysis of the industry. Sales growth … Read more

Signs of a recovery – no more cat food and Hamburger Helper dinners

After a jaw-clenching recession for dentists in 2010, ADMIT IT!! – 2011 seems to be the year for the oral health profession to get back to the grind (sic). “New patients are coming, walking in and scheduling appointments on a daily basis,” said Rachel Williams, a receptionist at Andersonville Dental. “I have seen a number … Read more

Recession putting bite on dental care

by Katie Foutz – Chicago Sun Times Mar 27, 2011 The dentist will see you now — even on nights and weekends — and might even help you pick up the check. Although the recession officially has ended, people still are feeling its effects and cutting expenses where they can — dental work included. According … Read more