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Cash flow, forecasting and future action plans post Covid‐19
Author(s) -
Harwood Mark
Publication year - 2020
Publication title -
in practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.211
H-Index - 25
eISSN - 2042-7689
pISSN - 0263-841X
DOI - 10.1136/inp.m2513
Subject(s) - action (physics) , covid-19 , cash flow , action plan , plan (archaeology) , set (abstract data type) , term (time) , business , cash , computer science , operations management , actuarial science , operations research , finance , economics , management , medicine , history , engineering , physics , disease , pathology , quantum mechanics , archaeology , infectious disease (medical specialty) , programming language , virology , outbreak
To ensure practices are set up to return to a ‘new normal’, thorough planning and forecasting are essential. Using short‐ and long‐term forecasting helps to predict what impact the coming months may have on a practice's finances. Likewise, taking action now and creating an action plan ensures that you are positioning your practice to be in good stead for whatever comes next.