3 key stats about dentists' financial recovery amid the pandemic

More than 25 percent of dentists say their practice was only breaking even during the week of Nov. 2, according to the American Dental Association's latest iteration of its COVID-19 economic impact survey.

The ADA received 19,000 responses when it began conducting the survey during the week of March 23, and new results have been released every two weeks.

Below are some key statistics from the survey's latest iteration.

  1. Fifty-eight percent of dentists surveyed said their practice's operating costs are the same as they were before the pandemic during the week of Nov. 2. Thirty-three percent said they were much higher, 7 percent said they were about the same and 2 percent said they were somewhat to much lower.

  2. Forty-nine percent of dentists surveyed described their practice as somewhat profitable during the week of Nov. 2. Twenty-seven percent said it was just about breaking even, 11 percent it was highly profitable, 9 percent said it was somewhat unprofitable and 4 percent said it was highly unprofitable.

  3. Nearly 91 percent of dentists surveyed reported paying staff fully during the week of Nov. 2, and nearly 8 percent said they were paying staff partially.

More articles on dental:
Smile Brands adds multilocation Houston practice
Dental365 discloses 'big plans for growth in New Jersey'
SmileDirect releases Q3 financial results

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

Featured Learning Opportunities

Featured Webinars

Featured Whitepapers

Featured Podcast