ADA Article on Declining Incomes of Dentists

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cmF

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"Dentistry is at a crossroads. Changes in how dental practices are organized, reductions in adult dental benefits at the state level, increased financial barriers to care among adults, increased dental student debt level and improvements in oral health status for most segments of the population are some of the major forces bringing significant change to the profession," Marko Vujicic, Ph.D., managing vice president of the HPRC, and lead author of the briefs, wrote. "At the same time, the U.S. health care delivery system is on the verge of unprecedented reform, aimed at reducing costs and improving quality through better coordination of care delivery and significant change in how health care services are paid for."

Full article: http://www.ada.org/news/8366.aspx
Cited research and data: http://www.ada.org/1442.aspx

I've been hearing this from a lot of dentists I've been shadowing. It looks like they knew what they were talking about. Thoughts?
 
I believe it.

It used to be frowned upon for dentists to advertise themselves. Now you kind of have to if you want to thrive.
 
I believe it.

It used to be frowned upon for dentists to advertise themselves. Now you kind of have to if you want to thrive.

Yea no kidding. My grandfather didn't even use a yellow page ad for his practice, but when I went to the 2012 ADA Conference in SF, there were whole classes on how to advertise. I was on the freeway the other day and I saw a full sized billboard "Free iPad with Invisalign Treatment"

Edit: Found something similar. Pretty classy right?
800response_1-800-NEW-DENTIST_billboard.jpg
 
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I believe it.

It used to be frowned upon for dentists to advertise themselves. Now you kind of have to if you want to thrive.

To add to your point, I see a lot of dentists doing things like integrating with a Rewards Club where patients earn points for prizes? https://www.patientrewardshub.com/ This stuff drives me nuts, but then again, perhaps this all a sign of the times?
 
As a soon to be dental student this is very depressing. I was in construction for along time and saw the floor drop out there! Really makes one question incurring the large amount of debt for school.
 
The income "dropped" to $192,000. I'm still not very worried. Also, notice an increase in pediatric visits simultaneous with the drop in adult visits.
 
The income "dropped" to $192,000. I'm still not very worried. Also, notice an increase in pediatric visits simultaneous with the drop in adult visits.

Other things to consider: Insurance companies are paying less and tax rates are climbing. At $192,000 you'll be at the 33% Federal Income Tax bracket. Also, we all know how much dental school is costing these days and tuition isn't getting any cheaper.
 
HAHA! This thread is ridiculous.

There are more dentists retiring now than coming into the field... That being said, most dentists before they retire are not trying to make top-dollar, they are cooling their jets, working two days/week. Granted, the average salary might be going down, but, people look at that graph and put an imaginary line continuing down to $0. That will NEVER be the case...

I met a guy at a dental school interview that said (this is to the entire group and the dean): "My dad is a dentist and the problems with the economy have taken a toll on my family. My dad always had Friday - Sunday off... But now, he has to go in on Fridays and sometimes Saturdays."

Dooms-day posts are my favorite because they get filled with people questioning their desire to become a dentist. It starts to make you wonder how many people tell their friends "It's not for the money" then they see this post and think "MY LIFE IS RUINED!"
 
HAHA! This thread is ridiculous.

There are more dentists retiring now than coming into the field... That being said, most dentists before they retire are not trying to make top-dollar, they are cooling their jets, working two days/week. Granted, the average salary might be going down, but, people look at that graph and put an imaginary line continuing down to $0. That will NEVER be the case...

I met a guy at a dental school interview that said (this is to the entire group and the dean): "My dad is a dentist and the problems with the economy have taken a toll on my family. My dad always had Friday - Sunday off... But now, he has to go in on Fridays and sometimes Saturdays."

Dooms-day posts are my favorite because they get filled with people questioning their desire to become a dentist. It starts to make you wonder how many people tell their friends "It's not for the money" then they see this post and think "MY LIFE IS RUINED!"

lol u should take a look at the pharmacy and optometry section, its way worse LOL
 
HAHA! This thread is ridiculous.

There are more dentists retiring now than coming into the field... That being said, most dentists before they retire are not trying to make top-dollar, they are cooling their jets, working two days/week. Granted, the average salary might be going down, but, people look at that graph and put an imaginary line continuing down to $0. That will NEVER be the case...

I met a guy at a dental school interview that said (this is to the entire group and the dean): "My dad is a dentist and the problems with the economy have taken a toll on my family. My dad always had Friday - Sunday off... But now, he has to go in on Fridays and sometimes Saturdays."

Dooms-day posts are my favorite because they get filled with people questioning their desire to become a dentist. It starts to make you wonder how many people tell their friends "It's not for the money" then they see this post and think "MY LIFE IS RUINED!"

I've heard that statistic before and I'm not sure I believe it. In fact, I've been hearing it for about 10 years. My own dentist didn't fully retire until he was 67. Granted, he was working part-time for his last years, but he was still working nonetheless. With the crappy economy, more dentists are delaying retirement. Over the past 10 years and currently, I believe there are also about 10+ new schools that have opened. Class sizes have expanded. Honestly, I'm not buying the hype. Someone coming out with 500k+ of loans had better be sure this is worth it.
 
Yea no kidding. My grandfather didn't even use a yellow page ad for his practice, but when I went to the 2012 ADA Conference in SF, there were whole classes on how to advertise. I was on the freeway the other day and I saw a full sized billboard "Free iPad with Invisilign Treatment"

Edit: Found something similar. Pretty classy right?
800response_1-800-NEW-DENTIST_billboard.jpg

HAHA wow. That is fantastic. Just fantastic. Exquisite. :naughty:
 
HAHA! This thread is ridiculous.

There are more dentists retiring now than coming into the field... That being said, most dentists before they retire are not trying to make top-dollar, they are cooling their jets, working two days/week. Granted, the average salary might be going down, but, people look at that graph and put an imaginary line continuing down to $0. That will NEVER be the case...

I met a guy at a dental school interview that said (this is to the entire group and the dean): "My dad is a dentist and the problems with the economy have taken a toll on my family. My dad always had Friday - Sunday off... But now, he has to go in on Fridays and sometimes Saturdays."

Dooms-day posts are my favorite because they get filled with people questioning their desire to become a dentist. It starts to make you wonder how many people tell their friends "It's not for the money" then they see this post and think "MY LIFE IS RUINED!"
WOW! There must be a lot of people retiring because there are a LOT of people coming into the field.
 
I read that article. It's not great news but I kept thinking:

"It's the economy, stupid."

EVERY industry has contacted since 2007. If you look around on different message boards: finance, IT, engineering, science, etc. you'll find that over the past few years industries have been laying off and now you need to be twice as good to go half as far. It's the economy - it effects everyone.
 
I've heard that statistic before and I'm not sure I believe it. In fact, I've been hearing it for about 10 years. My own dentist didn't fully retire until he was 67. Granted, he was working part-time for his last years, but he was still working nonetheless. With the crappy economy, more dentists are delaying retirement. Over the past 10 years and currently, I believe there are also about 10+ new schools that have opened. Class sizes have expanded. Honestly, I'm not buying the hype. Someone coming out with 500k+ of loans had better be sure this is worth it.

Now this is more in line with what I've heard.
 
PLEASE tell me they didn't have Invisalign misspelled on the billboard. The horror!

I've also seen lots of Groupon deals for dental treaments/visits. Weird.
 
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