72% of dentists plan to raise fees in 2023

Seventy-two percent of dentists plan on raising fees at their practices this year, according to a poll by the American Dental Association's Health Policy Institute.

The poll was taken as part of the ADA's monthly "Economic Outlook and Emerging Issues in Dentistry" report for the week of Dec. 12. The ADA surveyed 1,041 dentists about their plans for 2023, including hiring more staff, affiliating with a DSO and leaving insurance networks. 

Results of the survey: 

Hire more staff: 42.2 percent

Lay off staff: 2.9 percent

Affiliate with large group practice, DSO: 3.4 percent

Sell my practice and retire: 13.1 percent

Raise my fees: 72.4 percent

Lower my fees: 0 percent

Join more insurance networks: 2.5 percent

Drop out of some insurance networks: 36 percent

Other, please specify: 4.3 percent

None of the above: 8.2 percent

Responses included in "other":

Reduce overhead/scale back on spending: 20 percent

Consolidate office locations/merge with another practice: 10 percent

Sell practice but continue practicing: 10 percent

Retire: 10 percent

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