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?
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place September 14-15 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.
