There are a number of expenses necessary to keep the doors of a private dental practice open. Here are 34 statistics on these yearly expenses based on American Dental Association data, according to an HHS report.
Non-dentist staff salaries
• Mean: $186,950
• As a percentage of gross billings: 21.9 percent
Employed dentists salaries
• Mean: $147,470
• As a percentage of gross billings: 10.4 percent
Dental supplies
• Mean: $54,120
• As a percentage of gross billings:6.4 percent
Employee taxes (dentist and non-dentist)
• Mean: $49,330
• As a percentage of gross billings: 5.4 percent
Commercial dental laboratory charges
• Mean: $8,080
• As a percentage of gross billings: 6.4 percent
Yearly rent
• Mean: $42,490
• As a percentage of gross billings: 5.6 percent
Yearly mortgage
• Mean: $40,050
• As a percentage of gross billings: 5.3 percent
Total cost of fringe benefits for dentists
• Mean: $32,130
• As a percentage of gross billings: 3.8 percent
Total cost of fringe benefits for non-dentists
• Mean: $19,500
• As a percentage of gross billings: 2.1 percent
Annual depreciation costs on dental and office equipment
• Mean: $17,380
• As a percentage of gross billings: 2.2 percent
Office supplies
• Mean: $14,330
• As a percentage of gross billings: 1.8 percent
Advertising expenses
• Mean: $11,290
• As a percentage of gross billings: 1.2 percent
Taxes on business and business property
• Mean: $7,290
• As a percentage of gross billings: 0.9 percent
Repairs to dental and office equipment
• Mean: 5,360
• As a percentage of gross billings: 0.7 percent
Office insurance
• Mean: $5,090
• As a percentage of gross billings: 0.8 percent
Professional liability insurance premiums
• Mean: $4,570
• As a percentage of gross billings: 0.7 percent
Total
• Mean: $685,430
• As a percentage of gross billings: $75.6 percent