One devastating effect of the COVID-19 pandemic is the rapid surge in unemployment, which is at its highest level in more than 70 years. With more Americans out of work and paychecks slashed, you’d think demand for aesthetic treatments would dwindle, but similar to “The Lipstick Effect” during the 2008 recession (lipstick sales remained high despite economic fallout), in-office procedures are booming, and most aren’t covered by insurance.
To bridge the gap, more patients are relying on financing options, like CareCredit and PatientFi.
A Guide to Financing Your Cosmetic Procedures in the Age of COVID-19
