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One of my friend was telling me that dentists generally net more profits than physicians. Is this statement true? Can you guys verify this? Thanks!
ItsGavinC said:dentistry isn't infiltrated by the same insurance issues as is medicine.
ItsGavinC said:dentistry isn't infiltrated by the same insurance issues as is medicine.
DrTacoElf said:1) What issues does medicine have that dentistry doesn't?
2) Will these issues eventually enter dentistry, why or why not?
I've really been wondering these things
hmmmmmmm..MacGyver said:Access to healthcare is considered a right.
toothcaries said:hmmmmmmm..
interesting ethical question.
"considered" a right?...maybe, by some granola eating types.
..but..at least in this country...healthcare or even access to healthcare has never been a "right".
imo.
predentchick said:This was one of my interview questions at Gavin's school! How funny! I think it was "do you consider health care a right or a privledge." Of course you say a right, then they hold you to that.
Thanks Gravin for the insight. What does HMO stand for?ItsGavinC said:The "average" dentist now makes more than the "average" physician.
There are always exceptions to this on both ends of the spectrum.
I'm sure all those peds and FPs and internists out there that are struggling with HMO issues and pulling in 80-110k are the ones making this possible. Many medical specialties still easily eclipse the average dentist in terms of income (although dental specialties certainly come close or are higher than those same medical specialties).
It's a shaky issue, but the crux of it is that dentists are earning more than ever, more people are desiring cosmetic procedures/better smiles, and dentistry isn't infiltrated by the same insurance issues as is medicine.
MacGyver said:Access to healthcare is considered a right.
Access to dentistry is considered a luxury.
When something is considered a right, the federal government gets involved, and when the federal government gets involved, salary/income drop is INEVITABLE.
deltamed said:The ADA and dentists can essentially conspire to keep prices high. There is dental insurance but the insurers have no say what the dentists charge, only which dentists are on their "plan". As long as the dentists stick together keeping rates high, the insurance doesn't matter.
UBTom said:That's not quite true.
It is illegal for independently-practicing dentists to get together and set fees for procedures in the state where I am practicing, and I'm sure in pretty much every other state as well. The only instance in which dentists are allowed to collectively set a fee is if they all work within the same group practice or DMSO.
Insurance companies DO indeed dictate how much a dentist can charge. The scheme is that you sign up to be a dentist on an insurance company's "plan" for a guaranteed pool of patients, but in return you must adhere to the insurance company's fee schedule, what they call their "usual, customary rates." (UCR's)
The ADA did indeed successfully fight off insurance companies' attempt to set unfair fees in 2001, because the ADA demonstrated in court that Aetna was using UCR's from the 1970's. If physicians are being paid 1970's wages today, I'm sure you will scream too.
How dental insurance works is also part of the curriculum in most dental schools, which is why lots of new dentists aren't falling for the insurance companies' schemes.
Viva dentistry.
toothcaries said:does anyone know the percentage of physicians in the ama?
i would think organized medicine would have a much stronger voice than we've sometimes seen...
honestly, i think the legal profession will eventually, indirectly "correct" the problems in managed care..
with insurance companies deciding patient stays in hospitals...deciding fees....and deciding what procedures are done...i think the inevitable lawsuits will create a backlash.
(i think we are beginning to see this with the florida mess)
jmo.
deltamed said:True it's illegal to set fees but that doesn't mean it isn't happening indirectly. Since the ADA restricts the number of dentists going into practice by restricting the number of places in dental schools, most practicing dentists have no problem finding patients.
Pi__Guy1 said:but if there was a debate about the earning potential of an anesthesiologist vs. an endodontist, i'd put my money on the anesthesiologist....by far.
Biogirl361 said:where did you get the idea that md's have "more family life" than dentists? i would say it will be at least the same if not more for dentists.
deltamed said:An FP or internist will start at 150k.
UBTom said:Insurance companies DO indeed dictate how much a dentist can charge. The scheme is that you sign up to be a dentist on an insurance company's "plan" for a guaranteed pool of patients, but in return you must adhere to the insurance company's fee schedule, what they call their "usual, customary rates." (UCR's)
The ADA did indeed successfully fight off insurance companies' attempt to set unfair fees in 2001, because the ADA demonstrated in court that Aetna was using UCR's from the 1970's. If physicians are being paid 1970's wages today, I'm sure you will scream too.
How dental insurance works is also part of the curriculum in most dental schools, which is why lots of new dentists aren't falling for the insurance companies' schemes.
Viva dentistry.
MacGyver said:Thats not relevant as to the difference between med and dent.
Zing.UBTom said:The substance of my conversation with Deltamed is that insurance companies do dictate what a dentist can charge if a dentist signs onto their plan in return for a guaranteed patient pool, contrary to what Deltamed thought.
Since my discussion with Deltamed (I don't remember replying to you) is not relevent to whatever you are going off about, please feel free to move on.
I'm sure you can find many other posts relevent to you to reply to, rather than sit there and waste time on those that are not.
UBTom said:The substance of my conversation with Deltamed is that insurance companies do dictate what a dentist can charge if a dentist signs onto their plan in return for a guaranteed patient pool, contrary to what Deltamed thought.
Since my discussion with Deltamed (I don't remember replying to you) is not relevent to whatever you are going off about, please feel free to move on.
I'm sure you can find many other posts relevent to you to reply to, rather than sit there and waste time on those that are not.
MacGyver said:Yeah you are so uninterested in what I said that you bothered to take the time and post a reply SPECIFICALLY TO ME.
Nice try
When spoken to, like most people I give a polite, professional reply.MacGyver said:Yeah you are so uninterested in what I said that you bothered to take the time and post a reply SPECIFICALLY TO ME.
Nice try
janygb143 said:I wish dentistry could just be about the teeth, instead of the politics
Smooth Operater said:Dentists in Canada on average are earning $30.38/hour, while gen. prac./family prac. are earning $22.96/hour.
Hermit MMood said:1) i don't know if I will like dentistry 2) I dunno if I want to become a dentist because he is already one (I know its sounds kind of stupid but I want to surpass him) 3) This one is a bit tentative --- mds have better social status in the eyes of most people (though it is a strong valid point that in America, your social status/prestige is based on how much money you have) 4) My dad worked for the state (and to this date tries to persuade me into working for the state) at a prison and started around 60k a year in 1988 to around 108k by 2004 (100k or so for 6 years), so he didn't make as much as all his other dentist friends (some who make 1 million dollars a YEAR AND ARE NTO SPECIALISTS!!!)
DDSSlave said:Just to clarify that's 30% of $2000? Not $2000 period each day? If that was the case you'd have to be doing strictly crown and bridge and even then that seems unlikely.
HuyetKiem said:~2k/d that she is taking home. Like last week, my friend wrote her a check for 11k for her 6 days of work. The office is kidda busy lately 'cause school is almost started. Last friday, they (3 dentists) saw 45 patients.
DDSSlave said:That's terrific, but incredibly unusual. I would say starting off at $500/day is doing quite well and much more typical. Just throwing out more realistic expectations. Not questioning your numbers, just saying that one beginning dentist charging over $6000/day just seems strange to me. I'd be very interested to hear what procedures were being done and what was charged. As you can see, I too am from Houston, and would love for this to be common, but something just doesn't add up. Anyone else have such extreme success stories of graduating dentists? Or if you don't mind ask her how much a 1 surface filling costs? I'd be interested to hear.
coodoo said:Hey Slave, my sister is working in the Houston area after graduating from UTH in 02. She is making a little over 6 figures right now, and is perfectly happy. As for making 2k a day as a recent graduate; I find that hard to believe.
Not if the physician is operating a private practice. Apples to apples, etc.jk5177 said:Wow this is an interesting thread.
People didn't mention the fact that dentist has much higher overhead costs than physicians do. I heard from a dentist in the San Fracisco Bay Area, that there is a 65% overhead cost, while doctors have a 15% overhead cost.