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 Jim Du Molin

+Jim Du Molin is a leading Internet marketing expert for dentists in North America. He has helped hundreds of doctors make more money in their practices using his proven Internet marketing techniques.

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