Raising Dental Fees May Be a Dentist’s Only Choice

In this survey, 22% of dentists said they have raised their fees to stay competitive.

The majority, however, haven’t yet done so, and a few docs have even lowered fees.

“No one’s lowering my costs. So far my vendors, my labs, and my employees haven’t volunteered to lower their costs to me!” said a New York prosthodontist.

Dentists had a lot of opinions on the subject:

  • “We have considered raising fees, but we are holding off for now. We were concerned we may discourage patients from proceeding with routine care and surgical therapy.” (California periodontist)”I have raised fees, but so far, it has not translated to the bottom line.” (Massachusetts dentist)
  • “We may not raise fees unless supply costs continue to rise. Wages must also remain as is, or fees will have to rise.” (Wisconsin dentist)
  • “The drop in the financial market has affected us. Gross is down 35%.” (New York dentist)
  • “We raised our fees significantly and there has not been one complaint.” (Illinois dentist)
  • “Elective procedures are down, and patients are deferring expensive dental implant restorations.” (New York oral surgeon)
  • “We might increase cash discounts to encourage cash flow.” (Missouri dentist)

Read more: Changing Dental Fees in a Tough Economy

Dentists Prefer Outside Financing (video)

Dental financingThe average dentist offers patients outside dental financing options, we found in this survey of dentists.

Most dentists these days don’t offer their own dental financing, relying instead on dental credit cards and outside dental payment plans. “We’ve never offered inside financing,” said one prosthodontist. “We don’t want to deal with any problems, so we farm the financing out.”

“I wouldn’t be able to sell all the cases without dental financing,” said one dentist.

Read more: Dental Financing: Outside Is Better Than Inside

Has It Become Harder for Dental Patients to Get Dental Financing? (video)

Dental financing can be a real challenge, with 65% of dentists reporting that it has gotten harder for dental patients to get credit.

Dental credit cards, dental loans and other dental financing options let dentists avoid the risk of in-house dental financing.

But sometimes lenders don’t want to take the risk of either making it hard for many patients to get dental credit for dental care.

Read more: Dental Patients Can’t Get Credit: Dentist Survey

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