The onset of the coronavirus (COVID-19) outbreak has had an immediate and potentially long-lasting impact on virtually all business entities, their workforce, customers and vendors worldwide. Standard business operations and commerce have been dramatically impacted through efforts to contain the spread of this illness. While the timeframe associated with the ongoing “business disruption” is unknown at this time, various governmental assistance programs, both federal and state, should provide some eventual economic relief. The ability to develop, implement, and administer these programs on such a massive scale, however, will require a significant undertaking.
Healthcare professionals use the process of triage in allocating limited resources in emergency situations. Professional services firm RKL LLP explains, however, that the concept of triage isn’t limited to the healthcare setting. The business community can benefit from using triage in assessing and prioritizing their needs during the current health crisis.
Traditionally, the triage process determines the priority of patients’ treatments based on the severity of their condition, rationing patient treatment efficiently when resources are insufficient for all to be treated immediately and influencing the order and priority of emergency treatment. Those same principles can be applied to your business during these times of uncertainty.
Click here for RKL’s five steps to use as the framework to triage your own business.