The Dental Economics Magazine has recently published the findings of the its 7th annual Practice Research Report. This post presents these findings.
The survey was conducted among a broad cross-section of U.S. general dentists – from solo practitioners to multidoctor practices, providing care in rural areas, small towns, suburbs, and large cities.
Key Findings
- Patients are coming back and accepting more treatment but practice profits are not keeping up due to outdated systems,
- Overhead cost is increasing and collection rates are low: many dentists are doing more work yet have little to show for it.
- Stress, though reduced, remains too high: perhaps this is one reason that more than a third of GPs (36.5%) are now using some sort of consultant or coach to help rebuild and grow their practices.
- One-third of survey respondents indicate that their greatest challenge is finding ways to increase practice production and profit. Another third of dentists report that inefficient practice systems are the primary barriers to their success.
To access the article on the web, click here
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