Reference/Features

Feeling the impact

3 mins read Professionalism/career development
Richard Lishman weighs the impact the cost-of-living crisis may have on dental practices in the future.

For the vast majority of UK individuals, the coming months are set to become more expensive than ever. Not only are we dealing with soaring energy prices, but there are other costs to consider, with food prices, petrol prices and the rate of inflation on the rise too.

It’s been a rocky road, and as we’ve navigated our way through both Brexit and a pandemic, people are starting to feel the pinch.

But what do these challenges mean for the future of your business?

Issues affecting all

First of all, let’s contextualise what these rising costs mean in the bigger picture. Patient-wise, while there will be those who can happily afford these extra pressures on their finances, there will equally be those for whom dentistry will become a luxury. This may mean that your business will be seeing more cancelled appointments, more no shows and more people unwilling to pay the price for treatment.

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