If an oral surgeon is making 1.2 million a year in production how much is his salary?
It depends on his overhead...
Typical overhead in a dental office seems to be around 60% and oral surgery tends to have less overhead than a general practice. So, at 1.2 million in production, you are looking at close to 500k.
you're right but i'm just looking for a ballpark
gn4 and others, here is an article from the ADA that shows what the typical overhead is among dentists nationally:
http://www.ada.org/news/8508.aspx
If he is solo... this guy probably takes home 600-800k... but again, its very hard to answer cause everything is an overhead (including how many lights you turn on, how many assistants you keep active during the day, etc etc)
Ok, you can't just assume his overhead is 60%. It depends on the specialty! E.g ortho and endo have really low overhead. GP average overhead should be ~50% or less, ideally.
I don't know about oral surgery though.
Ok, you can't just assume his overhead is 60%. It depends on the specialty! E.g ortho and endo have really low overhead. GP average overhead should be ~50% or less, ideally.
I don't know about oral surgery though.
Ok, you can't just assume his overhead is 60%. It depends on the specialty! E.g ortho and endo have really low overhead. GP average overhead should be ~50% or less, ideally.
I don't know about oral surgery though.
I don't know about the whole 500k, thats probably in the upper 1-3% of OMFS's nationwide, but, they can easily hit 300-350k a yearThese figures seem about right. But even a slower private practice, the OMS will pocket at least 500K. If it is a well oiled machine, with a huge referral base and he is shucking wizzies and placing implants all day, some OMS can make 2 million.
I don't know about the whole 500k, thats probably in the upper 1-3% of OMFS's nationwide, but, they can easily hit 300-350k a year
You will probably never make 1.2 mil as an OMFS. Those days are over. You will still, no doubt, make around the 250-350K range.
FYI, don''t forget taxes. If you net 600k, you will probably have an after tax income of at the most $450.
I could be totally wrong, but i have shadowed several OMS and they all clear in excess of 800K a year.
First off, most hospital/academic OMS are making in the 225-250K range. Private practice is vastly more. 80% of their work is wisdom teeth and implants.
Lets do some simple math... 4 bony extractions are going to cost $250-450, per tooth, depending on the tooth. Plus GA will be another $400-600. So lets average a case out at $1500, which is on the low end. A very slow OMS office would be doing 4 cases a day, which equates only to about 2-3 hours of surgery a day for an OMS. 1500 x 4 cases a day x 5 days a week = 30K. If we factor in 2 weeks of vactation a year, take 30K x 50 weeks a year = 1.5 million. 50% of that and an OMS nets 750K.
Again, this would be a fairly slow office, with no implants and other surgeries. Sure i am oversimplifying things, but i don't feel that making 500K a year as a private practice OMS is any stretch of the imagination.
i'll take your word for it. but these HAD to have been guys who were in the game for quite some time. I don't think they would have been people less than 5 years out. Takes time to build a strong referral base. Or am I wrong?
If an oral surgeon is making 1.2 million a year in production how much is his salary?
This is interesting. I thought that OS had an easier time starting out because of the relative scarcity of their scope. What is their starting salary tend to be during that 10 year ramp up time?
One assumption I always had is that an average OS typically made more money during their career when compared to an average general dentist; however, if they have a 10 YEAR ramp up time to get a full schedule, and it takes anywhere from 4 to 6 years before hitting practice... they most likely would not catch up to a successful GP-associate let alone a GP owner.
10 years is by no means a hard and fast rule. I was simply stating that the practices i was referring too have all been established for 10+ years.
As far as a OMS catching a successful GP, you have to consider that most OMS are still making 250-300K during their time of establishing. You also have to consider their residency + moonlighting wages as mentioned above. Then once they start making 500K-1M it is easy to catch up.
Unless you are referring to the rare GP who makes over 400-500K. Either way, it is a much easier to become a wealthy OMS, then a wealthy GP.
if you go to dentaltown, some of them make it seem like becoming a wealthy GP is easy. Is OMS one of the residencies that the student pays for? or does the student get paid? I've heard some dental residencies, the student has to pay.
I was also wondering if they were ever going to make dental anesthesia a specialty anytime soon.
I know plenty of OMFS that make around 600-800K a year no problem. There are some ambitious few that make just a hair over a million a year. I would say 500K+ is not hard to do as an OMFS. Like others have said though, this is likely to be very dependent on where you live.
But I feel like predents (even if they are good enough to get into OMFS residency) should not bank on making that much. Gastroenterologists, used to make similar to OMFS money figures you are quoting, yet in just a decade their salaries quickly plummeted and now most make around $400k tops. And this was before Obamacare was implemented. Also I've worked at centers that do sedation and everywhere equipment costs and supplies are rocketing, but the reimbursement is not being adjusted for inflation. The profit margin is most certainly not going up.
I feel like the same can happen to OMFS. Also, with chains increasing their dominance and multi-specialty groups growing they will eventually either buy out the GPs or outcompete them. Once you control the GPs you control referrals and thus you control the specialists as well (this is how hospitals have become so dominant in medicine). My guess is that the OMFS will have to increasingly rely on a blend of private practice and less profitable per-diem/contracted work at the above mentioned places instead of straight up private practice.
I am not trying to be an alarmist or pessimist. OMFS does a good job limiting their residency spots (unlike ortho) However, I don't think predents should get so starry eyed and have unrealistic expectations. You will NOT become "rich" off of OMFS, or any dentistry related job for that matter, but you will still make a pretty damn good amount of money (especially if you are OMFS). But those million dollar figures so many predents get so uppity about, are a rarity and require an extremely good business acumen. I would vouch that those OMFS making such figures are probably much better businessmen than they are dentists
But I feel like predents (even if they are good enough to get into OMFS residency) should not bank on making that much. Gastroenterologists, used to make similar to OMFS money figures you are quoting, yet in just a decade their salaries quickly plummeted and now most make around $400k tops. And this was before Obamacare was implemented. Also I've worked at centers that do sedation and everywhere equipment costs and supplies are rocketing, but the reimbursement is not being adjusted for inflation. The profit margin is most certainly not going up.
I feel like the same can happen to OMFS. Also, with chains increasing their dominance and multi-specialty groups growing they will eventually either buy out the GPs or outcompete them. Once you control the GPs you control referrals and thus you control the specialists as well (this is how hospitals have become so dominant in medicine). My guess is that the OMFS will have to increasingly rely on a blend of private practice and less profitable per-diem/contracted work at the above mentioned places instead of straight up private practice.
I am not trying to be an alarmist or pessimist. OMFS does a good job limiting their residency spots (unlike ortho) However, I don't think predents should get so starry eyed and have unrealistic expectations. You will NOT become "rich" off of OMFS, or any dentistry related job for that matter, but you will still make a pretty damn good amount of money (especially if you are OMFS). But those million dollar figures so many predents get so uppity about, are a rarity and require an extremely good business acumen. I would vouch that those OMFS making such figures are probably much better businessmen than they are dentists
1. You can still find GI positions w/750k+
2. Uppity?
3. One can become rich off 100k if they are good w money. Pm me and I'll send you a blog link where someone became financially independent (living off capital) on less than a Dentists salary
First of all, not every OMFS resident WANTS to moonlight, 2nd of all, alot of OMFS residency programs frawn upon it (some don't even allow it)
Even if the resident is able to moonlight, how many days do you think they can do that? are you forgetting how many hours they put into OMS a week? The previous poster mentioning OMFS moonlighters making 100k a year is an imaginary figure. Most residents make between 40-55k a year (depending on location).... you are telling me working that extra 1 or 2 days as a GP is going to earn an an extra 50k a year? yeh not happening lol
And finally, during the 4-6 years of residency, do you know what 6.8 to 7.9% interest rate does to the initial loans? Did you forget about those?
Lets get something straight, Oral surgeons make good income, their averages are well above any average General dentist however, it takes many years to reach that.
But I feel like predents (even if they are good enough to get into OMFS residency) should not bank on making that much. Gastroenterologists, used to make similar to OMFS money figures you are quoting, yet in just a decade their salaries quickly plummeted and now most make around $400k tops. And this was before Obamacare was implemented. Also I've worked at centers that do sedation and everywhere equipment costs and supplies are rocketing, but the reimbursement is not being adjusted for inflation. The profit margin is most certainly not going up.
I feel like the same can happen to OMFS. Also, with chains increasing their dominance and multi-specialty groups growing they will eventually either buy out the GPs or outcompete them. Once you control the GPs you control referrals and thus you control the specialists as well (this is how hospitals have become so dominant in medicine). My guess is that the OMFS will have to increasingly rely on a blend of private practice and less profitable per-diem/contracted work at the above mentioned places instead of straight up private practice.
I am not trying to be an alarmist or pessimist. OMFS does a good job limiting their residency spots (unlike ortho) However, I don't think predents should get so starry eyed and have unrealistic expectations. You will NOT become "rich" off of OMFS, or any dentistry related job for that matter, but you will still make a pretty damn good amount of money (especially if you are OMFS). But those million dollar figures so many predents get so uppity about, are a rarity and require an extremely good business acumen. I would vouch that those OMFS making such figures are probably much better businessmen than they are dentists
Does the 4 or 6 year OMS track have anything to do with wages? It's hard to imagine that it doesn't have some effect.
Take a look at this post, it's explained pretty well http://forums.studentdoctor.net/showthread.php?t=201825
GI Positions w/ 750k+?. I highly doubt it. The only way to make that much would to be in private practice and even then that is very hard to achieve.
Region: Southwest
Starting Income: $500,000 - $700,000
Income Potential: $701,000 - $701,000
Practice Type: Group
Signing Bonus: Yes
Loan Forgiveness: Yes
$500,000 first year, top 90th percentile potential, 1:4 call, GI partnership offering:
Ownership in a new endoscopy center and pathology lab
Partnership with minimal buy-in
Hospitalists and Residents available for admissions and mid level support in the clinic and hospital very light call
Hospitals with excellent equipment and all sub-specialties available
Clinical research and resident teaching optional
$700 per night for hospital call - consult only!
Student loan forgiveness, stipend, tail coverage, visa sponsorship
You will be living in a rapidly growing city that has been ranked one of the top cities in the country to retire offering:
Tort reform state with low cost of living and 350 days of sunshine
Extremely diverse economy based on higher education, agriculture, healthcare, government research facilities, a rapidly growing retirement community, and other recession-proof industries
Very short drive to two metropolitan areas of over 1,000,000, three major universities, and two Medical Schools
Live within minutes of nationally known ski resorts, fly fishing, major lakes, and mountains
I had seen postings like that in the past; however, here is one that I was able to found posted recently:
If an oral surgeon is making 1.2 million a year in production how much is his salary?
Every OMFS I have spoken to (multiple) seem to be making over 500k. Now some don't even own their own practice, but rather travel from office to office pulling third molars primarily and are netting around 500k. A particular oral surgeon I have talked to that recently retired and owned his own practice claimed that he netted over 1 million his last few years in practice before selling it. wow!!😱 Anyways if you get into OMFS financial stress is not something you will be dealing with! lol👍
Oh brother, this is laughable. And you are speaking from experience?
I'm entering my third year of practice in the Southeast. The golden days are over. Many guys are working a few days at their own office then supplementing with bread and butter at the chains, multi-specialty groups, etc (probably representing greater than 50% of their clinical time). I'm so tired of coming across these threads which focus solely on income potential (and yes, I understand we all need to make enough... Lord knows I have enough loans from med and dental school)
Predents, dental students, those considering this as a career...we don't need more exodontists in our field. OMS roots lie deep in providing a broad scope of surgery, not all financially rewarding but still professionally fulfilling (peds trauma and craniofacial, TMJ, the list goes on). Shadow, extern, gain more exposure before you consider this as a profession. Training is a tough 4-6 year program followed by myriad challenges once in practice. It's best to know what you're getting into. Don't let myths of financial reward cloud good judgment and informed decision making.
Omfs residencies are almost all paid during residency years, and tuition during med school years
Dental Anesthesiology will not become an ADA specialty in any sort of foreseeable future
Being a wealthy GP is not easy...dental town is 90% goofballs and blow hards who went to dental school when it was for med school drop-outs
Regarding OMS. I get where Localnative is coming from but a guy I shadowed was fairly open with me and volunteered he was earning in the 400's... is it really that rough out there for OMS? Or are you just suggesting people to be cautious and make sure they have the right intentions? I'm sure 4 or 6 years of residency is quite a gut-check.