Dental Offices Most Profitable Businesses…?

A new study released by Sageworks finds that dental offices had the highest net profit margin of any category of private business in 2008. (This may come as news to many of you whose dental practices are struggling in the current economy!) The study found dentists’ offices had a profit margin of nearly 17%.

According to the Sageworks study, these were the most profitable industries in 2008:

  1. Offices of dentists (17% net profit margin)
  2. Accounting, tax preparation, bookkeeping and payroll services (16% net profit margin)
  3. Legal services (13% net profit margin)
  4. Offices of other health practitioners (12% net profit margin)
  5. Support activities for mining (11.9% net profit margin)
  6. Offices of physicians (11.9% net profit margin)
  7. Outpatient care centers (11.5% net profit margin)

It’s hard not to notice that half of these are related to health care. Looking at this data, a consumer might reasonably assume that health care costs have increased so that health professional can keep a healthy profit for themselves. But is that really true?

I can’t help but wonder how Sageworks compiles their data. They’re only looking at privately-held companies. Are dental offices really that profitable, or are these statistics misleading?

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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