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Other top concerns included the impact of DSOs and increasing competition in the industry.
Declining reimbursement rates is the top industry concern among dentists, according to a 2018 national survey from Bankers Healthcare Group, a leading provider of financial solutions for healthcare professionals. Nearly three-quarters (72 percent) of 413 licensed dentists (both practice owners and independent practitioners) surveyed by BHG indicated high levels of concern about this trend’s impact on the industry.
“Lower reimbursement rates mean dentists take in less income, so it’s not surprising that this was the most cited concern among the audience,” says Al Crawford, original founder, chairman and CEO of BHG.
When asked to rate other concerns in the industry, dentists cited:
One-quarter of those surveyed listed “Other” additional industry concerns, including the cost of equipment, availability of equipment, patients’ access to care, cost of education and insurance.
BHG’s National Survey of Dentists examines financial concerns, business outlook and social media use across dental specialties in the United States. To learn more about how BHG works with dentists, visit www.bankershealthcaregroup.com/dentists.