Plan for when the crisis ends

It is always sensible to have a plan when it comes to setting up a business, but often it is left until you are time-poor – which can make it more of a challenge, warns Ian Tongue.

With the current Coronavirus crisis, it is more important than ever for you to have a plan for your business, whether you are just starting out or re-activating your practice following the lock-down period. 

This article looks at some of the key areas you should be considering.

Availability of income

At the time of writing, we have a lockdown in place and the private hospitals have cancelled most private work as the result of the Government requiring the capacity within the private hospitals. 

This is for a minimum of three months, but is anticipated that it may be extended either because of escalation of the pandemic or to help reduce the NHS waiting list times following the cancellation of elective surgery.

Many consultants are able to offer online consultations to maintain the patient contact, but it is not clear at the time of writing how much insurers may pay for these types of patient contact, so such consultantions may in part be to reassure patients and line up future operations or procedures with them. 

It is also important to inform your insurer that you are carrying out online consultations to ensure you are covered for patient contact in this way.