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A couple of weeks ago, I spent an incredible 5 days in San Antonio, Texas, attending the AORN Global Surgical Conference & Expo. It was five days of learning, networking, making new friends, and seeing friends that I only get to connect with at the conference. There was a very marked difference between the attendance last year and this year. Last year, it seemed like everyone was still hesitant, still a little timid, the energy was subdued, and we were all still just guarded.
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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