72% of dentists most concerned about declining reimbursement rates: 6 stats to know

A survey of 413 licensed dentists, both practice owners and independent practitioners, revealed dentists' biggest concerns.

Bankers Healthcare Group conducted the survey.

Here are six statistics to know:

1. Close to three-quarters — 72 percent — of dentists said declining reimbursement rates were their biggest industry concern.

2. Of the 413 dentists, 61 percent were highly concerned about the impact of dental service organizations and corporate dentistry. Only 42 percent of younger dentists were concerned about DSOs.

3. The issue of DSOs and corporate dentistry was strong among dentists in suburban offices, with 71 percent indicating it as a major concern.

4. Around 49 percent are concerned about the increasing competition saturating the industry. This was most commonly cited among urban dentists (53 percent) or suburban dentists (51 percent). Dentists between the ages of 35 years and 49 years were also more likely to list competition as a major concern.

5. Government healthcare programs were indicated as a major concern for 43 percent of respondents. Around 51 percent of younger dentists listed it as a major concern.

6. One-quarter of the dentists surveyed relayed "other" additional industry concerns, such as equipment costs, equipment availability, access to care, education costs and insurance.

More articles on benchmarking:
88% of dentists are most concerned about patients' payments: 5 statistics
Reimbursement rates to drop 2.7% for dentists: 5 stats
Top 3 dentists in each state, from P&R Dental Strategies

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