Economic Changes at the Dental Practice

The recession economy is leading to changes for 3 of 4 dentistsIn this survey, three of four dentists (74%) said they have made changes as a result of the slow economy.

Half (48%) said they’re reducing office expenses, 30% are instituting layoffs or staff reductions, and 13% are reducing employee compensation.

In terms of  dental marketing, 30% have increased their spending, while 9% have reduced marketing costs.

Here are some of their comments:

  • “In rural areas, the downturn is not affecting us as much. We don’t see the big ‘ups,’ but also don’t see the big ‘downs.'” (General dentist)
  • “People are reluctant to spend.” (New Jersey dentist)
  • “We are relying upon the internet for more of our new patients, especially Yelp.com.”
  • “Fewer chairside hours.” (California dentist)
  • “We did not lay off team members, but we chose to work with a smaller team and did not replace some team when attrition occurred. Team has 6, including 1 dentist.” (Canada dentist)
  • “We added staff.” (Georgia dentist)
  • “We have added new procedures.” (Texas orthodontist)
  • “We negotiated and joined a couple of dental insurance plans. We negotiated a very good fee schedule and are getting more new patients, too!” (Ohio prosthodontist)

Read more: Recession Economy Affects Dentists, Dental Practices

About Julie Frey

+Julie Frey is the Editor of TheWealthyDentist.com blog. She has dedicated her career to Internet marketing and communications, working side-by-side with dental marketing guru Jim Du Molin since 2006. She has a degree in Linguistics from Stanford University, has a passion for language and writing, and lives in San Francisco.

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  • http://galaxymarketingsolutions.com/ Dental Marketing Solutions

    Wow what a great analysis, I think the main causes of cost reduction is the global economic crisis.

  • http://www.dentistgermantownmd.com Dentist in Maryland

    It’s a problem for dentists to try to find the best solution, marketing and appearance are a few very important elements of a successful business, which a lot of dentists lack, even though they provide great service.

  • http://www.insightsfordentists.com Dental Marketing Options

    3 out of 4? How can it not be 4 out of 4?

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