Dental practice production is the best way to measure the health of an individual dental practice.
And production trends are a good way to look at dental patient spending in general.
The Wealthy Dentist did a survey asking dentists whether their 2012 production income was up or down.
Jim Du Molin and Julie Frey discuss 2012 production ups and downs:
The survey revealed 36% of dentists saw their practice production decrease in 2012.
An Indiana dentist said, “Production has increased, but I am in a few insurance plans now. I am probably writing off more than 20%.”
However, 43% of dentists experienced some growth at their dental practices.
A Colorado Periodontist said, “Our production levels have increased through diligent use of dental marketing and a treatment coordinator.”
Improving dental practice marketing and front desk skills can really help improve production.
And if a dentist can’t maintain the financial health of their practice, they’re not going to be able to oversee the dental health of their patients.
Is your production up or down since last year? What trends do you see in your market?