/

  • linkedin
  • Increase Font
  • Sharebar

    The latest revenue data for dental practices across the nation

    In an eight-year trend, dentists are increasing revenue, but collecting less.

    Dentists managing patient care across the nation are also often faced with a second task: Managing finances. Understanding the meaning behind the numbers and making managerial decisions can be challenging and time-consuming.

    This article will discuss national trends such as average gross revenue and collections in private dental practices, focusing on the widening gap between the revenue due and the actual dollar amount that is collected by the practice for services and products.

    Sikka Software collects data from thousands of practices across the United States. Data is HIPAA and HITECH compliant and is free of any practice or patient information. The data allows unprecedented insight into private practice for benchmarking. Dentists can learn more about growing their revenue and managing collections by visiting www.sikkasoftware.com.

    Related reading: The latest fee data for 18 popular procedure codes

    Gross revenue

    Dentists have enjoyed an increase in revenue over the previous eight years. This is likely a reflection of increase in care costs, as well as general dentists developing new skills to bring in new avenues of revenue. In 2008, the average monthly revenue for a practice was $93,817 with an average collection of $83,356.88. By contrast, in 2015, the average monthly revenue was $121,546.21 with an average collection of $102,542.79.

    This may appear positive, however a concerning trend has developed: Dentists are collecting a smaller percentage of their gross revenue, indicating that hard work is not always resulting in reward.

    Related reading: Let's talk about money: The 2014 dental fee survey

    Revenue chart

    Continue to the next page to see the numbers for collections as a percentage of gross revenue...

     

    Alitta Boechler, AuD, MBA
    Alitta Boechler is a marketing manager at Sikka Software. She holds a Doctorate of Audiology from the University of Iowa and an MBA from ...

    0 Comments

    Add Comment
    • No comments available