For more on this topic, go to www.dentaleconomics.com and search using the following key words: Dr. Roger Levin, annual practice survey, practice overview, practice production, collections, billings, overhead, wages, benefits, doctor satisfaction.
Editor’s Note: This is Part I of a two–part series discussing the results of the most recent practice survey, conducted by Dental Economics® and Levin Group. Part II of the series will appear in the November issue of DE.
How is dentistry doing? In light of the economic downturn experienced throughout the country since last fall, many of you might expect the answer to be “bad,” “awful” or “terrible.” Fortunately, that is not the case. The results of the Dental Economics®/Levin Group 2009 Annual Practice Survey show dentistry to be holding its own, with relatively modest dips in practice production and new patient visits.
Although it was not a great year by any means, dentistry remains a resilient profession as dentists continue to prove themselves as resourceful entrepreneurs who can adapt to changing times. Some recent trends include: