Dentists Say Dental Practice Revenue for 2011 Depends on US Debt Ceiling

dental practice revenue 2011The contentious economic theater playing out over raising the debt ceiling has some dentists worrying about practice revenue.

The Wealthy Dentist decided to ask dentists if they projected their dental practice revenue for 2011 to be more than it was in 2010.

A Illinois dentist replied, “It depends on when the debt limit is set.”  Another Illinois dentist agreed by saying, “If Washington can just get it together, we’ll be fine.”

Dentists were evenly split with their responses: 38% of the dentists surveyed said their revenue in 2011 will be greater then 2010; 30% said their revenue will not be better than 2010; 29% felt their revenue would be the same, while 3% weren’t sure.

Here’s what dentists had to say about 2011 dental practice revenues

Revenues are down for some –

“We are probably down about 5-7% from 2010.” (Illinois dentist)

“So far we are 3% less.” (Louisiana dentist)

“My gross revenues are about 1/2 of what they were before 2008.” (California dentist)

Too many dentists worry others –

“We have too many dentists in same small area.” (Oklahoma dentist)

“There seems to be too many dentists here.” (Florida dentist)

“Can we turn off the flow of new dentists? Or at least reduce it? I don’t know one general dentist with revenues up in 2011 and more numbers of dentists than ever going to managed care practices driving fee prices down. It’s terrible.” (Colorado dentist)

Some dentists are thriving –

“Up 40% over 2010 which was a good year.” (California dentist)

“An office with good leadership will thrive in any environment!” (Kansas dentist)

“We are projecting to do 2.2 mil this year with one doc and three hygienists.” (Pennsylvania dentist)

Reinvention is key –

“I’m taking courses and adding more treatment options to increase profitability.” (Virginia dentist)

“In spite of the weak economy we have had increased revenue the past three years. We have advertised using discount based ads based on the economy. They have worked well.” (Colorado dentist)

“Every 3 months we examine how many unscheduled treatments are out there and make a personal call to the patients to see what the issue is and work with them to get them into treatment.” (Oregon dentist)

“I am currently ahead in production about 20%, but collections are behind and we are readdressing our financial policy.” (California dentist)

“A 5 percent increase over last year. We work 4 days a week about 9 hours a day. We noticed for us in downtown Philadelphia, that patients do not tend to show up on Fridays and Saturdays in the summer. We have a summer schedule where we work Mon. Tues. Wed. and have a long weekend. That has been the best change of schedule and thus our time at the office is more productive.” (Pennsylvania dentist)

How is your dental practice revenue in 2011?

Dentists Should Be Seeing Patients with Disabilities, Says Dentist

The Congressional Committee for ADA estimates there 43 million disabled Americans — almost 1 out of 5 people.

In the next 20 years, this number will increase significantly as baby boomers enter later life.

Dr. Steven Perlman, Global Clinical Director for the Special Olympics/Special Smiles Program was quoted as stating that Dental care now represents the number one health issue among people with neurodevelopmental disorders.”

The Wealthy Dentist decided to ask dentists if they treat disabled patients. Of the dentists who responded, 92% said they treat dental patients with disabilities.

Here’s what dentists had to say about treating disabled patients –

“We serve at least three agencies that manage adult special needs patients. Most cannot cooperate for any exam or xrays. We do a visual and HHX, then schedule the patient for a more comprehensive exam with sedation. We triage and stabilize these patients. If there is an excessive amount of treatment to be done, we seek additional funding to take care of the basic, yet essential needs.” (Texas dentist)

“It’s difficult, and often disruptive, but an important service that we can provide with the assistance of I.V. conscious sedation. Without sedation, we would be very limited in what we could accomplish.”
(General dentist)

“We treated disabled patients in dental school (ten years ago). Most of it is experience and compassion rather than training.” (Texas dentist)

“Most should be referred to a dentist who is comfortable with treating these patients as it is very easy to make a manageable patient unmanageable.” (Florida dentist)

“I’ve studied Sign Language and have several Deaf patients. They don’t see themselves as ‘disabled’ but, in order to qualify for government programs, have to label themselves as such.” (Ohio dentist)

“I think the most important part of treating patients with disabilities is to be able to ascertain whether you can or not; and when in doubt, refer out.” (Alabama dentist)

“Under the Americans with Disabilities Act and the change in the CODA so that all graduates must be able to assess the treatment needs of special needs patients, all dentists should be practicing to a standard of care now where all dentists should be seeing patients with any type of disability–would require mandatory CE by the State Boards and Associations at this point to bring older practitioners and some recent graduates up to the standard of care.” (New York dentist)

How is your dental practice treating patients with disabilities?

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