10 ways dentists are maintaining financial sustainability this summer

Amid the changes of the pandemic, many dentists are working hard to maintain financial viability, according to poll findings from the American Dental Association’s Health Policy Institute.

Advertisement

Of 1,240 respondents, the following percentage of general dentists said they had taken the below financial measures in the last month, as of July 12:

  • Raised fees: 19 percent
  • Changed dental materials supplier/lab: 13.4 percent
  • Reduced dental team hours: 9.9 percent
  • Borrowed money from the bank: 8.9 percent
  • Disenrolled from dental benefits plan: 6.9 percent
  • Downsized dental team: 6 percent
  • Other: 4.5 percent
  • Reduced employee wages/benefits: 2.3 percent
  • Sold practice: 2 percent
  • Joined a DSO or large group practice: 0.8 percent

At the Becker's 5th Annual Future of Dentistry Roundtable, taking place November 12–14 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.

Advertisement

Next Up in Revenue Cycle Management

Advertisement

Comments are closed.