88% of dentists are most concerned about patients' payments: 5 statistics

Benchmarking

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A Bankers Healthcare Group survey of 413 licensed dentists who either own a dental practice or are an independent practitioner asked them about their concerns.

Dentists’ immediate plans for the future included expanding the number of operatories, adding new specialties, brinigng lab work in-house and expanding the number of locations.

Her are 5 statistics from the survey:

1. Most dentists — 88 percent — are most concerned about patients' ability to pay.

2. The second biggest concern among dentists was practice revenue, according to 86 percent of respondents.

3. When asked about managing their practice finances, acquiring more patients and keeping up with technology, 80 percent of dentists listed these as top concerns.

4. To prepare for the future, 48 percent of dentists transitioned to electronic medical records, 31 percent are expanding their marketing efforts, 30 percent purchased new equipment and 29 percent are updating technology.

5. More than half — 52 percent — of respondents said they are installing X-ray machines while 30 percent are acquiring operatory chairs and 24 percent are updating scanners.

More articles on benchmarking:
Reimbursement rates to drop 2.7% for dentists: 5 stats
Top 3 dentists in each state, from P&R Dental Strategies
Dentists' median loan balance tops $236K — How long before it's paid off?

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