As the impact of Wall Street’s tough 2022 continues to affect the wallets of the average consumers into 2023, many practices will be impacted by factors outside of their control. With many healthcare businesses relying on an insured patient base with some disposable income dedicated to healthcare spending, and as wallets tighten for consumers this year, patients may be forced to delay care or may be looking for payment flexibility that practices haven’t traditionally offered or are incredibly cumbersome to manage. Although healthcare is a buoyant industry that remains vital even during a recession, many people choose to put off healthcare when times are tough financially.
