Doctors with their own independent practices in smaller towns are trying to keep their doors open, but have seen huge revenue hits as are no longer performing elective, non-essential procedures.
that performs many common procedures like laser eye surgery and cataract surgery and has 50 employees.
"Overnight we scaled back to having almost no patients," Boyle said, noting that his practice is still taking emergency cases. For those still in business, the prospect of little to no revenue for months on end is terrifying. And the lifelines that are available now will likely be primarily directed to the larger hospitals that are being hit hardest by the pandemic.for hospitals and health providers to help them survive. But nothing has been specifically earmarked for the smaller, independent practices.
Mostashari noted that another avenue is for physician-owned practices to take out a bank loan. But in that case, the doctors could see their credit impacted if they can't pay the loan back. Turney also said the prospect of downsizing is a concerning one, in part because these staff members will be needed when the pandemic reaches its peak.Boyle and Alul said their practices were thriving before the pandemic.
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