Prepare Your Surgical Practice For Lean Times
Surgimate
APRIL 23, 2023
There is a common misconception that medical businesses — including private surgical practices — are recession-proof because people will always need doctors. The data, however, tells a different story and shows that the medical field is not immune to economic dips. By the end of the first quarter of 2020 (during the COVID-19 pandemic), healthcare had lost 1.4 million jobs, and consumption of healthcare services had plummeted by 4.97% as compared to the year before.
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