Overhead

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hellopeople

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I am a sophmore in undergraduate school and I have been considering dentistry for a long time now. I am worried about one thing though. How bad is the overhead? I hear it is higher than any other profession. To what degree does this unfortunate reality counterbalance the high income of a dentist? Also, it seems to me that dentists would have to purchase their own health insurance. Is this correct?
 
simple answer...yes, dentistry has a high overhead but how high varies between every practice (what kind of dentistry you want to do, size of practice, location, etc. tons of variables). Does the income make up for it? I believe the majority of practices are still privately owned (feel free to correct me if Im wrong on that) so I think its safe to say income outweighs overhead if you are running your practice right. Some people have posted a few links saying its one of the safest professions to be in in this environment. And by the time you get out of dental school the health care system could be completely different...wait and play that one by ear.
 
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Don't worry about overhead. If it's too high, then don't own your own practice right? 😀
 
somewhere 40-60%, average is probably in the 50s from what I've gathered.

What's better, 40% overhead with $300,000 gross ($180,000 takehome) or 60% overhead with $1,000,000 gross ($400,000 take home).

overhead is a way to gauge your businesses efficiency and spending habits, not necessarily an income measurement
 
I am a sophmore in undergraduate school and I have been considering dentistry for a long time now. I am worried about one thing though. How bad is the overhead? I hear it is higher than any other profession. To what degree does this unfortunate reality counterbalance the high income of a dentist? Also, it seems to me that dentists would have to purchase their own health insurance. Is this correct?

This post should be made in the "Dental" forum not the "Pre-Dental" forum. Any business owner is ultimately responsible for their own health insurance, etc, so the answer to that question is yes, you are correct, unless your significant other is a school teacher, etc that gets great benefits. As far as overhead, it differs for GP vs all the specialties and can be high or low depending on office management. There are many specialized consultants who work with dentists on creating the most stream-lined office possible minimizing overhead and maximizing efficiency. If a dentist is having issues with overhead, something they are doing is wrong, and these individuals, while expensive, are often a good idea to get back on track!
 
People keep saying "the healthcare system will be drastically different" in the USA sometime soon (b/c of Obama's plans I'm assuming)... I have a couple caveats to make:
1) If you look at the Canadian Health Care system you will see socialized, one-tier, universal, comprehensive, fee-for-service, first-dollar coverage of all medically necessary health care services. But, this does not cover dentistry, optometry, chiropractics, massage, etc. Only the core medical services... If you look at the NHS (National Health Service) in England, you will see that they have (arguably, a more robust) socialized medical system too, where they try and cover optometry and dental services. One thing you will note is that they are struggling to keep dental care in their country one-tier. Many dentists are abandonning the NHS and openning up their own private practice offering a 'second-tier' of service for those who can pay. Lesson here is that: it is hard to provide public funding for dentistry (ie. socializing dental care), so a lot of the fears many of you Americans talk about on these forums should be put at ease.
2) Change like this doesn't happy quickly. I don't know a lot of the specifics Obama has talked about, but there is a lot involved in making something like this feasible - you're not going to read in the paper tomorrow that everything has changed. Another important factor to remember is that many physicians (even in Canada - actually the Canadian Medical Association (CMA) believes that privitization of health care is the way to go) and I could only assume that the AMA has the same stance as physicians and any other self-regulating body (ADA included) never wants to give up control. And passing policy without the agreement of those who will be providing the care will be incredibly challenging and will add to the amount of time such health policy needs to be passed.
 
People keep saying "the healthcare system will be drastically different" in the USA sometime soon (b/c of Obama's plans I'm assuming)... I have a couple caveats to make:
1) If you look at the Canadian Health Care system you will see socialized, one-tier, universal, comprehensive, fee-for-service, first-dollar coverage of all medically necessary health care services. But, this does not cover dentistry, optometry, chiropractics, massage, etc. Only the core medical services... If you look at the NHS (National Health Service) in England, you will see that they have (arguably, a more robust) socialized medical system too, where they try and cover optometry and dental services. One thing you will note is that they are struggling to keep dental care in their country one-tier. Many dentists are abandonning the NHS and openning up their own private practice offering a 'second-tier' of service for those who can pay. Lesson here is that: it is hard to provide public funding for dentistry (ie. socializing dental care), so a lot of the fears many of you Americans talk about on these forums should be put at ease.
2) Change like this doesn't happy quickly. I don't know a lot of the specifics Obama has talked about, but there is a lot involved in making something like this feasible - you're not going to read in the paper tomorrow that everything has changed. Another important factor to remember is that many physicians (even in Canada - actually the Canadian Medical Association (CMA) believes that privitization of health care is the way to go) and I could only assume that the AMA has the same stance as physicians and any other self-regulating body (ADA included) never wants to give up control. And passing policy without the agreement of those who will be providing the care will be incredibly challenging and will add to the amount of time such health policy needs to be passed.

Man hijacked the thread to say your piece, huh? All from:

Also, it seems to me that dentists would have to purchase their own health insurance. Is this correct?
 
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