HIGHBusinessTier 1

The 2023 Dental Economics Fee and Staffing Survey

SourceDental EconomicsTier 1Hard News

By Amelia Williamson DeStefano, MA

Originally at dentaleconomics.com

Summary & scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol (Drill-Down Score) — not the original publisher.

Why it matters for dental

Dental practice owners and DSOs can use the 2023 Dental Economics Fee and Staffing Survey to benchmark fee schedules and staffing costs against 825 U.S. practices, helping them decide whether annual 5% fee increases and prompt PPO submissions are needed to protect profit margins.

Key points

  • Dental Economics and Endeavor Business Intelligence collected survey responses from 825 U.S. dentists between March 31 and May 8, 2023.
  • 48% of respondents updated their fee schedule within the past six months; multilocation practices updated more often than single-location practices.
  • Dr. Roger Levin states that practices should raise fees approximately 5% each year to offset inflation and maintain profit margins.
  • Dr. David Rice warns that PPO practices that fail to update fees and bill the new amounts can lower reimbursements for every practice in their region.

Who should care

OwnerDSO

Read the original on Dental Economics

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