Here is a list of advice and external resources we've found helpful to try to get through this mess together. The advice comes from our Founder and President Dr. Brett Wells, state dental society recommendations, and other
This is by no means exhaustive, and we're constantly adding to it – if there are resources or tips you've come across that would be good to add here, please send an email to email@example.com.
all in this together.
Helpful advice for your practice
Suspend any non-urgent monthly services (digital marketing, video, consulting, business planning, etc).
If you are under a supplier contract, ask them to suspend, pause, or extend the length of the agreement, or to be flexible on payment terms. Most will be willing to work with you.
Ask any current lending institutions for relief starting from the date of impact.
Review your business interruption insurance policies. If necessary, go over them with your agent.
SBA Payroll Protection Program – Loan Calculator Calculator tool from Cain Watters & Associates (financial services firm focusing on the dental industry) to estimate the amount of the loan you may be able to qualify for under the Small Business Administration (SBA) Payroll Protection Program (PPP) Loan.
Managing Cash Flow & Staffing Financial Services firm Cain Watters & Associates focuses on dental practices, and provides some suggestions on how to best manage cash flow during this extreme interruption.
Webinar – Coronavirus guidance CEDR – a medical- and dental-focused HR firm – presented an hour-long webinar discussing a wide range of HR-related topics. Great information if you have employees.